BMI View: We maintain that the market will struggle to make real gains over the coming months on account of the deepening recession, a poor labour market and the ongoing decline in fixed investment. Due to currency weakness the market will contract in US dollar terms for a second year in 2016 . We anticipate the tight fiscal framework will further impact on medical device companies, which are already having margins squeezed by an unfavourable exchange rate and higher operating costs. The decision to proceed with impeachment proceedings against President Dilma Roussef is indicative of further political turmoil over the coming months.
|Total (USDmn)||Per Capita (USD)||Total (Local Currency mn)||Per Capita (Local Currency)||Exchange Rate (Local Currency/USD)|
Latest Updates And Key Forecasts
Market growth in US dollar terms will be constrained by an underperforming economy and a weak currency. We project a 2015-2020 US dollar CAGR of 0.9%, which will see the market reach USD4.9bn in 2020. The market will contract further in 2016, before returning to growth in 2017.
Imports in US dollar terms will remain hindered by currency depreciation and the fragile economy in 2016. Imports fell by 17.0% y-o-y in Q116 and by 17.5% the 12 months to March 2016, taking the running annual total down to USD2.5bn.
Despite the competitive advantages of a weak real in export markets, we believe that exports will underperform in 2016 reflecting falling domestic output and regulatory issues for silicone implants. Exports fell by 24.0% y-o-y in Q116 and by 10.4% in the 12 months to March 2016, taking the running annual total down to below USD0.5bn
Brazil's economic and political problems will continue to have a negative impact on the local manufacturing industry. We anticipate that domestic production will contract in 2016 after stagnating in 2015 as companies remain wary of expanding operations given Brazil's gaping fiscal deficit, political dysfunction and deep economic recession.
The Brazil Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a BMI Research's company. These forecasts and estimates focus on six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices.
Detailed product breakdown for market, trade and production data in Brazil provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Brazil Medical Devices industry.
- Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Brazil, to test analysis as it is a key input for budgeting and strategic business planning. Use our standardised data to gain a better understanding of market performance in Brazil.
- Target Business Opportunities in the Brazil Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Brazil.
- Assess the activities and market position of your competitors via our assessments of domestic production, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.
BMI Industry View
Provides industry, political and economic views. Briefly analyses the medical devices market, taking into account the latest industry forecasts, healthcare indicators and industry trends & developments.
SWOT analyses of the medical devices market, the political environment, the economic landscape and the business environment.
Evaluates and analyses the medical devices market in terms of historical and forecast trends, covering six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices. Additionally, presents annual and monthly import and export trade data.
Presents macroeconomic forecasts impacting the medical devices market.
Industry Risk Reward Index
Risk Reward Indices tool, which provides a globally comparative and numerically based assessment of the medical devices market’s attractiveness.
Assesses the medical devices market in the current year. Additionally, covers healthcare trends shaping the market, focusing on health status, healthcare system, healthcare funding, healthcare resources, healthcare activity and healthcare personnel. Includes historical healthcare data.
Industry Trends & Developments
Analyses the latest industry trends and developments shaping the market, in terms of monthly trade performance, forecast trends, production changes, regulatory developments, competitive strategies, political events and economic performance.
A focus on government healthcare reforms, epidemiological trends, mergers and acquisitions, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.
Values historical medical devices production, and analyses the presence of national and multinational manufacturers operating in the market. Also, compares the presence of leading multinational company operations, either via sales & marketing, distribution or manufacture. Finally, takes into account market access drivers, including major distribution channels, trade associations and trade shows.
Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.