Brazil General Surgical Devices Market Size
| 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 |
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 Market Trends
Handheld Device is Expected to Hold Significant Share in the General Surgical Devices Market During the Forecast Period
- Hand-held surgical devices are nonpowered, hand-held, or hand-manipulated devices such as scalpels, forceps, and retractors that are intended to be used in various general surgical procedures. Hand-held surgical devices are categorized as Class I medical devices. Handheld devices are useful in the majority of open procedures, including abdominal, breast, spine, joint, and oral surgery. The advantages include diminished post-surgery problems, a precise incision, no post-operative side effects, a normal level of blood loss, and a faster recovery.
- The benefits of handheld devices are expected to register high growth as they are widely used in surgical procedures. The number of minimally invasive surgical procedures is rising each year, and this is helping the market grow. The development of advanced devices, like robotic handheld surgical devices for laparoscopic interventions, enhances a surgeon's dexterity.
- The significant number of surgeries performed in Brazil is expected to increase demand for handheld surgical devices. According to the study published in the PLOS Journal in June 2022, the number of cataract surgeries carried out within the Brazilian national healthcare system has increased during the previous few years. Thus, all the aforementioned factors, such as rising minimally invasive surgical procedures coupled with the product launch, boost the market in this segment.
Orthopedic Segment is Expected to Hold Significant Market Share Over the Forecast Period
- The orthopedic segment is driven by the rising prevalence of orthopedic diseases, an aging population, and strategic activities by the market players. The rising prevalence of orthopedic diseases is predicted to raise demand for orthopedic surgery, which will, in turn, increase the use of orthopedic equipment, increasing market growth.
- For instance, according to a study published in Clinical Rheumatology in January 2022, in Brazil, the total prevalence of knee osteoarthritis was 22% among individuals aged 39. Thus, the significant burden of osteoarthritis in the country is expected to propel the growth of the segment over the forecast period.
- The aging population is more prevalent to orthopedic diseases, and thus the growing geriatric population is expected to boost segment growth over the forecast period. For instance, according to the article published in Global Bioethics in August 2021, the senior population in Brazil used to account for one in every ten people, but this is anticipated to alter dramatically by 2060, with one in every three people over the age of 60. Thus, all aforementioned factors, such as the significant burden of orthopedic diseases and the aging population, are likely to boost segment growth over the forecast period.
Brazil General Surgical Devices Industry Overview
Brazil's general surgical devices market is fragmented in nature due to the presence of several companies operating in the country. The players operating in the market focus on introducing new products to address the changing need of the patients. Some of the key players in the market include B. Braun SE, Boston Scientific Corporation, Johnson & Johnson Services, Inc, Getinge AB, Medtronic, Olympus Corporation, Stryker, Ovesco Endoscopy AG, BMR Medical, and Biocardio Comércio e Representações Ltda.
Brazil General Surgical Devices Market Leaders
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Johnson & Johnson
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B. Braun SE
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Boston Scientific Corporation
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Medtronic
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Stryker
*Disclaimer: Major Players sorted in no particular order
Brazil General Surgical Devices Market News
- July 2022: Ovesco received market approval from the Brazilian Health Regulatory Agency (Anvisa) for OTSC System and mini OTSC System. OTSC System Set is an instrument used for flexible endoscopy.
- January 2022: Spinologics Inc. and Importek launched Cervision, an upper-extremity patient positioning device for cervical spine surgery, in Brazil. In early January 2022, Cervision was approved by the Brazilian medical device regulatory body Agência Nacional de Vigilância Sanitária (ANVISA).
Brazil General Surgical Devices Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Demand for Surgical Procedures Owing to Chronic Diseases
4.2.2 Growing Popularity of Minimally Invasive Surgery and Technological Advancements
4.3 Market Restraints
4.3.1 High Cost of Devices
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Handheld Devices
5.1.2 Laparoscopic Devices
5.1.3 Electro Surgical Devices
5.1.4 Wound Closure Devices
5.1.5 Trocars and Access Devices
5.1.6 Other Products
5.2 By Application
5.2.1 Gynecology and Urology
5.2.2 Cardiology
5.2.3 Orthopedic
5.2.4 Neurology
5.2.5 Other Applications
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 B. Braun Melsungen AG
6.1.2 Boston Scientific Corporation
6.1.3 Johnson & Johnson
6.1.4 Getinge AB
6.1.5 Medtronic PLC
6.1.6 Olympus Corporation
6.1.7 Stryker Corporation
6.1.8 Ovesco Endoscopy AG
6.1.9 BMR Medical
6.1.10 Biocardio Comércio e Representações Ltda
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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 Research 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.
What years does this Brazil General Surgical Devices Market cover?
The report covers the Brazil General Surgical Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Brazil General Surgical Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Brazil General Surgical Devices Industry Report
Statistics for the 2024 Brazil General Surgical Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Brazil General Surgical Devices analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
