2014-02-12 23:04:01 - Brazil Medical Device Market Outlook 2018 - a new market research report on companiesandmarkets.com
The Brazil medical devices market is an industry dominated by imported medical equipment. In 2008, the value of imports in the Brazil medical devices market was $2.7 billion, and this grew to over $4 billion by the end of 2012. It is forecast that by 2018 imports will be worth over $9 billion to the Brazil medical devices industry. The Brazil medical device market is increasingly import dependent as local manufactures are unable to meet the increasing demand and lack of quality standard compared to global players.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.Report ScopeThis report 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
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