Brazil Medical Device Market Outlook 2018
Being one of the largest economies in Latin America and being visualized as one of the key upcoming healthcare hubs, Brazil has come a long way. It has secured a very high position amongst emerging countries as far as its economic growth is considered and has been ranked as one of the largest medical devices market in Latin America. Much can be interpreted with this exponential growth specially the changing focus of the government in terms of more investments and policies to streamline the growth of the medical devices industry in conjunction with the betterment of the local population.
The medical device industry has witnessed some drastic changes over the recent times which have pushed the country quite high in ranking amongst emerging nations as far as its performance in the healthcare industry as a whole is concerned. Though the economic growth is slow it has been steady and bound for an increase in the coming years and much of it can be attributed to the contribution made by the healthcare industry, which so far has been the most steady revenue generator. Brazil also boasts of being the second leading private health insurance sector in Americas, after US. This emphasizes the growing demand of better healthcare and increased spending power, both of which have fuelled the growth of not only the medical devices market but the healthcare industry as a whole.
Brazil medical device market is more import dependent as local manufactures are unable to meet the increasing demand and lack of quality standard as compare to global players. Brazil imported more than US$ 4 Billion worth of medical equipment in 2012 as compare to US$ 2.7 Billion in 2008. Imports will continue to dominate the medical device industry landscape in future as demand for imported medical devices is expected to surpass US$ 9 Billion by 2018.
“Brazil Medical Device Market Outlook 2018” research report by KuicK Research is an intriguing text that gives detailed facts and analysis on latest developments in the Brazil Medical Device Market. Report discusses various segments of the medical device market and analyzes the factors responsible for the growth and the need to resolve challenges to maintain growth momentum in future. Report discusses following aspects related to medical device market in Brazil:
- Market Overview
- Medical Device Market by Segment
- Medical Device Import & Export
- Emerging Market Trends
- Regulatory Framework
1.1 Market Overview
1.2 Factors Driving the Market
1.3 Challenges to be Resolved
2. MEDICAL DEVICE MARKET BY SEGMENT
2.1 Dentistry
2.2 Consumables
2.3 Medical and Hospital Equipment
2.4 Implants
3. MEDICAL DEVICE TRADE
3.1 Exports
3.2 Imports
4. EMERGING MARKET TRENDS
5. MEDICAL DEVICE MARKET REGULATION
5.1 Registration of Device
5.2 Inspection and Certification
6. COMPETITIVE LANDSCAPE
6.1 Baumer Group
6.2 Cremer SA
6.3 Dabi Atlante
6.4 GE healthcare
6.5 Johnson and Johnson
6.6 3M
Figure 1-1: Medical Device Market (US$ Billion), 2009-2018
Figure 1-2: Medical Device Market by Segment, 2012 & 2018
Figure 1-3: Production of Medical Device (US$ Billion), 2009-2018
Figure 1-4: Production of Medical Device by Segment, 2012 & 2018
Figure 2-1: Dentistry Market (US$ Million), 2009-2018
Figure 2-2: Production of Dentistry Device (US$ Million), 2009-2018
Figure 2-3: Medical Consumables Market (US$ Million), 2009-2018
Figure 2-4: Production of Medical Consumables (US$ Million), 2009-2018
Figure 2-5: Medical and Hospital Device Market (US$ Billion), 2009-2018
Figure 2-6: Production of Medical and Hospital Device (US$ Million), 2009-2018
Figure 2-7: Implants Market (US$ Million), 2009-2018
Figure 2-8: Production of Implants (US$ Million), 2009-2018
Figure 3-1: Medical Device Export (US$ Million), 2009-2018
Figure 3-2: Medical Device Export by Segment, 2012
Figure 3-3: Medical Device Export by Segment, 2018
Figure 3-4: Consumables Export (US$ Million), 2009-2018
Figure 3-5: Dentistry Device Export (US$ Million), 2009-2018
Figure 3-6: Laboratory Device Export (US$ Million), 2009-2018
Figure 3-7: Radiology Device Export (US$ Million), 2009-2018
Figure 3-8: Medical and Hospital Device Export (US$ Million), 2009-2018
Figure 3-9: Implants Export (US$ Million), 2009-2018
Figure 3-10: Medical Device Imports (US$ Billion), 2009-2018
Figure 3-11: Medical Device Imports by Segment, 2012
Figure 3-12: Medical Device Imports by Segment, 2018
Figure 3-13: Consumables Imports (US$ Million), 2009-2018
Figure 3-14: Dentistry Device Import (US$ Million), 2009-2018
Figure 3-15: Laboratory Device Import (US$ Million), 2009-2018
Figure 3-16: Radiology Device Import (US$ Million), 2009-2018
Figure 3-17: Medical and Hospital Device Import (US$ Million), 2009-2018
Figure 3-18: Implants Import (US$ Million), 2009-2018
Market OverviewBeing one of the largest economies in Latin America and being visualized as one of the keyupcoming healthcare hubs, Brazil has come a long way. It has secured a very high positionamongst emerging countries as far as its economic growth is considered and has beenranked as one of the largest medical devices market in Latin America. Much can beinterpreted with this exponential growth specially the changing focus of the government interms of more investments and policies to streamline the growth of the medical devicesindustry in conjunction with the betterment of the local population.
The industry haswitnessed some drastic changes over the recent times which have pushed the countryquite high in ranking amongst emerging nations as far as its performance in the healthcareindustry as a whole is concerned. Though the economic growth is slow it has been steadyand bound for an increase in the coming years and much of it can be attributed to thecontribution made by the healthcare industry, which so far has been the most steadyrevenue generator. Brazil also boasts of being the second leading private health insurancesector in Americas, after US. This emphasizes the growing demand of better healthcareand increased spending power, both of which have fuelled the growth of not only themedical devices market but the healthcare industry as a whole.
As defined by the Brazilian Association of Manufacturers of Hospital, Dental, Medical andLaboratory Equipment and Supplies (ABIMO) everything from disposables to sophisticatedelectronic diagnostic and imaging equipment have been included into the definition ofmedical devices and divided into five major categories as given below:
- I - Medical/hospital equipment
- II - Radiology equipment
- III - Laboratory equipment and reagents
- IV - Dental equipmentV - Implants and consumables
Parallel to regulatory networks in other countries, they have been classified as per the riskbenefit ration into four categories: where Classes I, II, III and IV represent low-, medium-,high- and very-high-risk devices, respectively.
Medical devices market, however, is one that has a very wide expanse and therefore poseshuge challenge in terms of its regulation, defining scope, classification and devisingpricing strategies. So far, this is one of the major sections of the healthcare industry thathas shown a dynamic behavior in terms of the longevity of period for which a particulardevice survives in the market. While pharmaceutical drugs have a comparatively larger‘market” life, devices usually survive a brief 18 months to two years time before theyneed to be upgraded or replaced by a better technology or better features in the existingmodel.
