BMI View: The relatively low density of the medical device market means Brazil will continue to offer conside rable potential for expansion, d espite a contracting economy and a depreciating real, which is making im ported products more expensive. We forecast that the import share , which is already lower than in other parts of Latin America, will fall still further over the longer term given t he current drive to expand domestic production into new product areas through technology transfers. The recent decision to grant tax breaks to domestically-produced devices will provide an additional boost for local manufacturers.
|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 will be constrained by an underperforming economy and a weak currency. We forecast a 2014-2019 US dollar CAGR of 2.1%, which will see the market reach USD6.2bn in 2019. Having contracted in 2015, the market will remain under pressure in 2016.
Imports will continue to be hindered by currency depreciation as the Brazilian real remains in its steep depreciatory trend. Imports fell by 18.5% in US dollar terms in Q315 and by 12.8% in the 12 months to September 2015.
Export growth will be negative in US dollar terms, but will outpace imports as the persisting weakness of the real against major currencies will boost the competitiveness of Brazilian products. Exports fell by 5.3% in US dollar terms in Q315 and by 1.5% in the 12 months to September 2015.
The public healthcare sector will face unprecedented pressures in 2016 as it struggles to cope with the rising number of patients switching from private to public healthcare at a time when public hospital budgets are being scaled back. 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 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.