With a population of more than 200 million, it\u2019s the largest market for medical devices in Latin America<\/a>, with around 6,500 hospitals and 18,000 diagnostic laboratories. While there are nearly 4,000 domestic factories that manufacture medical devices, an estimate from BoneZone claims that 80% of all medical products used in Brazilian hospitals are imported.<\/p>\n While in recent years\u00a0 we\u2019ve seen downturns in Brazil\u2019s market in terms of medical device imports, more recent numbers compiled by our ShareScope service suggest that Brazil is bouncing back nicely in that area<\/a>.<\/p>\n But medical device imports are far from the only area in which Brazil\u2019s healthcare industry is making a comeback. Here are some other market estimates for health sectors within Brazil that are posting impressive growth.<\/p>\n A projection from ReportBuyers indicates that healthcare spending in Brazil will increase significantly over the next couple of years, posting a current adjusted growth rate (CAGR) of 5.8% between now and 2020.<\/p>\n[thrive_leads id=’7632′]\n When we looked at the numbers from our HospiScope service<\/a> \u2014 our extensive database for Latin American hospitals \u2014 we noticed that Brazilian hospitals increased their equipment counts in a variety of categories during 2017. These include:<\/p>\n \u2022\u00a0\u00a0 \u00a0Nuclear medicine systems (up by 14%) This specific growth we\u2019re seeing seems to dovetail well with market projections from other sources, such as the one by GlobalData, which indicated that Brazil\u2019s medical device market<\/a> will grow with a CAGR of 7.5% to reach a value of US$14.2 billion by 2020.<\/p>\n Brazil\u2019s biomaterials market (used for cardiovascular, orthopedic, wound care and urological treatments and drug delivery) will grow with a CAGR of 18.3% between 2017 and 2022 to reach a value of US$5.1 billion in 2022, compared to its 2016 value of US$1.8 billion.<\/p>\n The Brazilian pharma<\/a> market is set to grow with a CAGR of 3.5% between now and 2021, eventually reaching a value of nearly US$30 billion that year<\/a> \u2014 a solid jump from its 2016 value of US$25.3 billion.<\/p>\n[thrive_leads id=’7630′]\n This sector involves healthcare IT<\/a>, new software for case management and predictive analysis and other types of mHealth or mobile health solutions, as well as electronic medical records. Global Market Insights predicts that the Brazilian digital health market will grow by nearly 28% between 2015 and 2024.<\/p>\n Companies looking to maximize their opportunities in Brazil can explore a number of options with Global Health Intelligence (GHI) that can help achieve that:<\/p>\n HospiScope:<\/b><\/span> Medical device companies can use this GHI product to see which Brazilian hospitals are increasing equipment counts to quickly identify new prospects or to sync HospiScope with their customer relationship platform to perform propension analysis and optimize safe force effectiveness.<\/p>\n ShareScope:<\/b><\/span> Companies looking to enter or expand within Brazil can use this product to know which brands have the highest market shares with different types of products<\/a> and also discover market sizes to gauge growth potential for their sales efforts.<\/p>\nOverall Healthcare Spending<\/span><\/h2>\n
Medical Equipment in Hospitals<\/span><\/h2>\n
\n\u2022\u00a0\u00a0 \u00a0Electrocardiogram machines (up by 34%)
\n\u2022\u00a0\u00a0 \u00a0Endoscopy machines (up by 27%)
\n\u2022\u00a0\u00a0 \u00a0X-ray machines (up by 12%)
\n\u2022\u00a0\u00a0 \u00a0MRI machines (up by 9%)
\n\u2022\u00a0\u00a0 \u00a0Fluoroscopes (up by 7%)
\n\u2022\u00a0\u00a0 \u00a0Bone densitometers (up by 6%)<\/p>\nBiomaterials<\/span><\/h2>\n
Pharmaceuticals<\/span><\/h2>\n
Digital Health<\/span><\/h2>\n
TAKING ADVANTAGE OF BRAZIL\u2019S BOOM<\/h1>\n