Market Trends of Brazil Artificial Organs & Bionic Implants Industry
This section covers the major market trends shaping the Brazil Artificial Organs & Bionic Implants Market according to our research experts:
Cardiac Bionics Segment is Expected to Have a Highest Growth Rate in the Forecast Period
Cardiac Bionics is expected to show a high growth rate that is attributed to the increasing prevalence of cardiovascular diseases and the increasing geriatric population in the country. According to the Ministério da Saúde (Brazil), the leading cause of mortality in the country is ischemic heart disease in the year 2017. It was estimated that 28% of all deaths in Brazil are caused due to cardiovascular diseases. Therefore with the increasing burden of cardiac diseases, there is an increasing need for cardiac bionics, which helps the overall market to grow in Brazil.