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Brazil Artificial Organs & Bionic Implants Market Size (2024 - 2029)

The Brazil Artificial Organs & Bionic Implants Market is anticipated to experience significant growth, driven by factors such as the rising incidence of organ failure due to aging and age-related disorders, as well as an increase in accidents leading to amputations. The growing number of road injuries and the subsequent rise in disabilities are contributing to the heightened demand for artificial organs and bionic implants. Additionally, the increasing prevalence of chronic diseases that necessitate organ transplantation is expected to further propel the market's expansion in the region.

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Market Size of Brazil Artificial Organs & Bionic Implants Industry

CAGR
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 11.69 %

Major Players

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*Disclaimer: Major Players sorted in no particular order

Brazil Artificial Organs & Bionic Implants Market Analysis

The Brazil Artificial Organs & Bionic Implants Market is expected to grow with a CAGR of 11.69% in the forecast period. The growth of the market in the country can be attributed to the increasing organ failure owing to aging and age-related disorders and an increasing number of accidents and injuries leading to amputations.

Brazil's National Transportation Confederation CNT 2020 report, claims that in 2019, there were 1.2 % more deaths that are 5,332 fatalities due to road accidents when compared to 2018. The total number of accident cases causing serious injuries was 55,756 in 2019 a 3.3 % increase from the previous year. The increasing road injuries increase the disabilities thus increases the overall demand for artificial organs and bionics. Furthermore, the increasing burden of these chronic diseases that require organ transplantation is expected to boost the market growth in the region.

Brazil Artificial Organs & Bionic Implants Industry Segmentation

As per the scope of the report, artificial organs and bionics are man-made devices that can be implanted or integrated into humans, to either replace a natural organ or provide support for the purpose of restoring specific function or a group of related functions, helping the patient to return to his normal life.

By Product
Artificial Organs
Artificial Heart
Artificial Kidney
Others
Bionics
Vision Bionics
Orthopedic Bionic
Cardiac Bionics
Others
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Brazil Artificial Organs & Bionic Implants Market Size Summary

The Brazil Artificial Organs & Bionic Implants Market is poised for significant expansion, driven by factors such as the rising incidence of organ failure due to aging and age-related disorders, as well as an increase in accidents leading to amputations. The prevalence of road accidents, which have resulted in a notable number of fatalities and serious injuries, has contributed to a higher demand for artificial organs and bionic implants. Additionally, the growing burden of chronic diseases necessitating organ transplantation is expected to further propel market growth. The market is characterized by a moderate level of competition, with key players employing strategies like agreements, collaborative models, and product developments to strengthen their market position.

Cardiac bionics, in particular, is anticipated to experience robust growth, fueled by the increasing prevalence of cardiovascular diseases and a burgeoning geriatric population in Brazil. The high mortality rate associated with ischemic heart disease underscores the critical need for advanced cardiac bionics, thereby supporting the overall market expansion. Major companies such as Ossur, Boston Scientific Corporation, Otto Bock Holding GmbH & Co. KG, Medtronic plc, and Zimmer Biomet are actively participating in the market, leveraging their expertise to drive innovation and meet the rising demand for artificial organs and bionic implants in the region.

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Brazil Artificial Organs & Bionic Implants Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Organ Failure Owing to Aging and Age-related disorders

      2. 1.2.2 Increasing Accidents and Injuries Leading to Amputations

    3. 1.3 Market Restraints

      1. 1.3.1 Fear of Device Malfunction and its Consequences

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product

      1. 2.1.1 Artificial Organs

        1. 2.1.1.1 Artificial Heart

        2. 2.1.1.2 Artificial Kidney

        3. 2.1.1.3 Others

      2. 2.1.2 Bionics

        1. 2.1.2.1 Vision Bionics

        2. 2.1.2.2 Orthopedic Bionic

        3. 2.1.2.3 Cardiac Bionics

        4. 2.1.2.4 Others

Brazil Artificial Organs & Bionic Implants Market Size FAQs

The Brazil Artificial Organs & Bionic Implants Market is projected to register a CAGR of 11.69% during the forecast period (2024-2029)

Ossur, Boston Scientific Corporation, Medtronic plc, Ottobock and Zimmer Biomet are the major companies operating in the Brazil Artificial Organs & Bionic Implants Market.

Brazil Artificial Organs & Bionic Implants Report Snapshots

Brazil Artificial Organs & Bionic Implants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)