DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/494586/the_medical_device) has announced the addition of the "The Medical Device Market: Brazil" report to their offering.
Brazil has the largest economy and medical device market in Latin America, but per capita medical expenditure is still very low. The market fell in 2009 but recovered in 2010. The highest expenditure is in the large cities, such as Sao Paulo or Rio de Janeiro, but producers are moving into regional markets outside the major state capitals. Diagnostic imaging apparatus, followed by orthopaedics and consumables are the largest market sectors.
The shape of the diagnostic imaging sector is expected to change following recently announced manufacturing investments. In June 2010, GE Healthcare opened its first South American plant in Brazil, focusing around healthy imagination. The factory represents an investment of US$50 million over 10 years. Philips Healthcare inaugurated the first Latin American plant for the production of MRI equipment in Brazil in October 2008.
Imports hold a relatively small share of the market, totalling US$1.8 billion in 2009. Medical exports reached US$442.3 million in 2009, reflecting a less favourable exchange rate. The country has a well-established medical industry, comprising local and multinational companies. Domestic production, however, is geared towards the local market. Exports are small in comparison with total production and the country consistently runs a negative balance of trade in medical equipment and supplies.
Brazil has the second largest private health insurance sector in the Americas, after the USA. The expansion of the private health insurance sector in recent years has resulted in demand for better medical care and, in turn, further expenditure in medical equipment.
The public sector continues to be modernised and upgrade obsolete equipment, therefore there are sizeable market opportunities if prices are competitive.
Key Topics Covered by "The Medical Device Market: Brazil":
- Executive Summary
- Introduction
- Current Market Size
- Market Projections & Outlook
- Imports
- Domestic Manufacturing
- Multinational Manufacturing
- Exports
- Medical Device Regulations
- Demographics
- Healthcare System
- Health Expenditure
- Healthcare Infrastructure
- Healthcare Personnel
- Directory
- Methodology & Sources
- Appendix: Healthcare Statistics
- Appendix: Distributors
For more information visit http://www.researchandmarkets.com/research/494586/the_medical_device
Source: Espicom Business Intelligence Ltd