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Brazil Medical Devices Market worth $10.17 Billion by 2020


The Report “Brazil Medical Devices Market [Patient Monitoring (Product-Cardiac), Ultrasound (Technology -Therapeutic), (Application-Oncology), Magnetic Resonance Imaging {(Product -Open), (Application-Breast, Spine)}, Defibrillator (End User- Hospital)-Forecast to 2020” is estimated to reach $10.17 Billion by 2020, at a CAGR of 8.9% from 2015 to 2020.

                                                     

Browse through the TOC of the Brazil Medical Devices Market for an analysis of industry trends and segments, with the help of various tables and figures.

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The Brazil medical devices market is expected to grow owing to increasing life expectancy and aging population, changing medical technology landscape, and rising government and private healthcare expenditure. However, the high cost of imported medical devices and high sales tariffs, a challenging regulatory environment with regards to imports, sales of medical devices, and low penetration of medical devices in Brazil are the major factors restraining the growth of this market.

The patient monitoring segment is expected to account for the largest share in the Brazil medical devices market in 2015. However, the ultrasound devices segment is expected to witness the highest growth in the forecast period. Its high growth can be attributed to the increasing use of ultrasound for obstetric & gynecological applications and the higher adoption of therapeutic ultrasound technology.

In the defibrillators market, the implantable cardioverter defibrillators (ICDs) segment is expected to account for the largest share of the defibrillators market. The external defibrillators segment is expected to grow at the highest rate during the forecast period owing to the technological advancements in these devices and the increasing number of public defibrillation programs.

The closed MRI systems segment is expected to account for the largest share of the MRI systems market, by architecture. Based on field strength, the high-field MRI systems segment is expected to account for the largest share of the Brazil MRI systems market. Based on application, the brain and neurological MRI segment accounted for the largest share of the Brazil MRI market, followed by the spine and musculoskeletal MRI segment.

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