Brazil Medical Devices Market is Expected to Grow at a CAGR of 8.9% to Reach USD 10.17 Billion by 2020

The report “Brazil Medical Devices Market [Patient Monitoring (Product-Cardiac), Ultrasound (Technology -Therapeutic), (Application-Oncology), Magnetic Resonance Imaging {(Product -Open), (Application-Breast, Spine)}, Defibrillator (End User- Hospital)-Forecast to 2020”, defines and segments the Brazil Medical Devices Market with analysis and forecasting of global revenue. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, and challenges.

The Brazil ultrasound market is segmented based on technology, application, and product. The compact/handheld ultrasound devices segment is expected to grow at the highest rate during the forecast period. The increasing demand for compact and portable ultrasound devices is driving the market for these devices. In the application segment, the radiology/general imaging applications segment is expected to account for the largest share of the Brazil ultrasound market in 2015. The large share is attributed to the increasing use of ultrasound technology in diagnosis and treatment of orthopedic diseases, musculoskeletal disorders, abdominal disorders, and soft-tissue injuries coupled with the rising incidence of various types of cancers.

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The MRI market is segmented on the basis of architecture, field strength, and application. The closed MRI systems segment is expected to account for the largest share of the MRI systems market, by architecture, in 2015. Based on the field strength, high-field MRI systems are expected to account for the largest share of the Brazil MRI systems market in 2015. The brain and neurological MRI application segment accounted for the largest share of the Brazil MRI systems market, by application. The high clinical value of MRI in the early diagnosis of brain diseases and growing incidence of brain injuries and neurological disorders are the major drivers for the growth of the brain and neurological MRI segment.

The Brazil defibrillators market is segmented based on product and end user. By product, the market is classified into implantable cardioverter defibrillators (ICDs) and external defibrillators. The external defibrillators segment is expected to grow at the highest growth rate in the forecast period. Technological advancements in these devices and the increasing number of public defibrillation programs are driving the market for external defibrillators devices.

The Brazil medical devices market is expected to grow at a CAGR of 8.9% to reach USD 10.17 billion by 2020. The patient monitoring market is expected to be largest segment of the Brazil medical devices market in 2015. However, the ultrasound devices market is expected to witness the highest growth in the forecast period. Its high growth can be attributed to the increasing use of ultrasound for obstetric & gynecological applications and the higher adoption of therapeutic ultrasound technology.

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An in-depth market share analysis, by revenue, of the top companies is included in the report. These numbers are arrived at, based on key facts, annual financial information from SEC filings, annual reports and interviews with industry experts and key opinion leaders, such as CEOs, directors, and marketing executives. Top market players that have established their base in the Brazil medical devices market are GE Healthcare (U.K.), Philips Healthcare (Netherlands), Medtronic plc (U.S.), and Siemens Healthcare (Germany).

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