Revenue in the Medical Technology market in Brazil is projected to reach US$10.32bn in 2023.
The market's largest segment is Medical Devices with a projected market volume of US$8.37bn in 2023.
Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 7.38%, resulting in a market volume of US$13.72bn by 2027.
In global comparison, most revenue will be generated in the United States (US$199.80bn in 2023).
The Medical Technology market covers devices and products used for prevention, diagnosis, and treatment of diseases. Next to pharmaceuticals, they form the most important category of medical products. The most well known medical technology products are, among others, pacemakers, imaging instruments, dialysis machines, and implants.
The Medical Technology market consists of two segments, In Vitro Diagnostics (IVD) and Medical Devices. The IVD segment covers products used for medical laboratory testing of specimens derived from the human body. The Medical Devices segment covers a broad range of products which are further segmented into medical specialties or types of application: Cardiology Devices, Diagnostic Imaging Devices, Orthopedic Devices, Ophthalmic Devices, and General & Plastic Surgery Devices. The Other Medical Devices segment provides information on additional areas that are not covered by the main segments.
Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.
Company examples: Medtronic, Johnson & Johnson, Abbott Laboratories, Siemens Healthineers. Further information on the key players can be found in the Market Shares boxes.