Market Size of Brazil General Surgical Devices Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.20 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Brazil General Surgical Devices Market Analysis
- Brazil's general surgical devices market is expected to register a CAGR of 6.2% over the forecast period.
- The COVID-19 pandemic has affected healthcare systems in Brazil. To prioritize emergencies and lower the risk of spreading the SARS-CoV-2 virus, elective procedures were postponed in the majority of hospitals.
- For instance, the report published in the July 2022 issue of the National Library of Medicine stated that the number of oncological surgeries in Brazil in 2021 was the lowest in the past six years (2015-2021) due to the need to reorganize hospital flow to meet the demands of the COVID-19 epidemic. Therefore, during the early stages of the pandemic, the decrease in surgical procedures reduced the demand for general surgical devices. However, post-pandemic, the market is expected to gain traction over the coming years because of declining COVID-19 cases and the resumption of elective surgeries.
- The rising burden of chronic diseases is expected to propel the growth of the market. The various chronic diseases include cancer, cardiac diseases, and orthopedic diseases, and the rising prevalence of these diseases is expected to increase demand for surgical procedures, thereby boosting market growth. For instance, according to the study published in Cancer Epidemiology in June 2022, in Brazil, 66,280 new breast cancer cases were estimated in the female population in 2021, representing 29.7% of all neoplasms. The proportion of new breast cancer cases among women under 40 years reached 21.8% in 2021. Additionally, according to the study published in Alzheimer's Dementia in April 2022, Brazilians under 65 had a higher incidence rate of dementia than those in other nations. Dementia affects 26.1 people per 1000 people annually. Thus, the significant burden of chronic diseases such as cancer is expected to boost demand for general surgical devices over the forecast period.
- Additionally, the growing popularity of minimally invasive surgery and technological advancements is expected to propel the growth of the market. MIS procedures have several advantages over conventional procedures, such as less post-operative pain, fewer major operative and post-operative complications, faster recovery times, less scarring, less stress on the immune system, and smaller incisions. With the development of innovative solutions, the market is expected to experience stable growth over the forecast period.
- For instance, in June 2022, CMR Surgical continued its global growth with an expansion into Brazil. The Versius surgical robot, an MIS robot, has been introduced at Hospital e Maternidade So Luiz Itaim, Rede D'Or in So Paolo, where it is being used for multiple specialties. Therefore, due to the aforementioned factors, the general surgery devices market is expected to grow in Brazil over the forecast period. However, the high cost of procedures and stringent regulations are expected to restrain the growth of the market during the forecast period.
Brazil General Surgical Devices Industry Segmentation
As per the scope of the report, a surgical instrument is a tool or device for performing specific actions or carrying out desired effects during a surgery or operation.
The Brazil general surgical devices market is segmented by product (handheld devices, laparoscopic devices, electro surgical devices, wound closure devices, trocars and access devices, and other products) and application (gynecology and urology, cardiology, orthopedic, neurology, and other applications).
The report offers the value (in USD million) for the above segments.
By Product | |
Handheld Devices | |
Laparoscopic Devices | |
Electro Surgical Devices | |
Wound Closure Devices | |
Trocars and Access Devices | |
Other Products |
By Application | |
Gynecology and Urology | |
Cardiology | |
Orthopedic | |
Neurology | |
Other Applications |
Brazil General Surgical Devices Market Size Summary
The Brazil general surgical devices market is poised for significant growth over the forecast period, driven by a combination of factors including the rising prevalence of chronic diseases and the increasing adoption of minimally invasive surgical techniques. The market experienced a temporary setback during the COVID-19 pandemic due to the postponement of elective surgeries, which initially reduced the demand for surgical devices. However, as the healthcare system stabilizes and elective procedures resume, the market is expected to regain momentum. The growing burden of chronic conditions such as cancer, cardiac, and orthopedic diseases is anticipated to further fuel the demand for surgical procedures, thereby boosting the market. Technological advancements and the popularity of minimally invasive surgeries, which offer benefits like reduced recovery times and fewer complications, are also contributing to the market's expansion.
The market landscape in Brazil is characterized by a fragmented structure with numerous players actively introducing innovative products to meet evolving patient needs. Key companies such as B. Braun SE, Boston Scientific Corporation, and Medtronic are prominent in the market, focusing on developing advanced surgical devices. The orthopedic segment, in particular, is expected to see growth due to the increasing prevalence of orthopedic diseases and the aging population, which drives demand for orthopedic surgeries. Additionally, the rise in minimally invasive procedures and the introduction of advanced devices like robotic handheld surgical tools are expected to enhance market growth. Despite the promising outlook, challenges such as high procedure costs and stringent regulatory requirements may pose constraints to market expansion.
Brazil General Surgical Devices Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.2.1 Rising Demand for Surgical Procedures Owing to Chronic Diseases
-
1.2.2 Growing Popularity of Minimally Invasive Surgery and Technological Advancements
-
-
1.3 Market Restraints
-
1.3.1 High Cost of Devices
-
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Threat of New Entrants
-
1.4.2 Bargaining Power of Buyers/Consumers
-
1.4.3 Bargaining Power of Suppliers
-
1.4.4 Threat of Substitute Products
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Product
-
2.1.1 Handheld Devices
-
2.1.2 Laparoscopic Devices
-
2.1.3 Electro Surgical Devices
-
2.1.4 Wound Closure Devices
-
2.1.5 Trocars and Access Devices
-
2.1.6 Other Products
-
-
2.2 By Application
-
2.2.1 Gynecology and Urology
-
2.2.2 Cardiology
-
2.2.3 Orthopedic
-
2.2.4 Neurology
-
2.2.5 Other Applications
-
-
Brazil General Surgical Devices Market Size FAQs
What is the current Brazil General Surgical Devices Market size?
The Brazil General Surgical Devices Market is projected to register a CAGR of 6.20% during the forecast period (2024-2029)
Who are the key players in Brazil General Surgical Devices Market?
Johnson & Johnson, B. Braun SE, Boston Scientific Corporation, Medtronic and Stryker are the major companies operating in the Brazil General Surgical Devices Market.