openPR Logo
Press release

Greenfield and Brownfield Growth in Healthcare establishments Fuelled by Rise in Public Healthcare Expenditure will Drive the Medical Device Industry: Ken Research

01-24-2020 12:41 PM CET | Health & Medicine

Press release from: Ken Research

Greenfield and Brownfield Growth in Healthcare establishments

The geriatric population is likely to increase to 25.4 Million in FY'2025. This will lead to an increase in demand for diagnosis and treatment of various health ailments like chronic disorders.
o The per capita healthcare expenditure will likely grow at a CAGR of 3.8% to a value of USD 1,419.8 Crore in 2025. This will lead to growth in the sales volume of various medical devices.
o Increase in penetration of medical insurance in the country as a result of positive growth in the disposable income will aid in increasing the penetration of healthcare facilities to remote areas. This will lead to a rise in the revenue of the medical device industry.

Rising Penetration of Insurance and Growth in Medical Tourism: The country will show vital signs of economic recovery which will complement growth in the medical insurance sector. Consequentially, an increase in investments in the private healthcare insurance businesses will fuel the number of medical procedures that will ultimately lead to a rise in the revenue of the industry. The influx of medical tourists in the country (estimated 1.5 million surgeries every year) will complement the revenue medical device market.

Key Healthcare Initiatives and Growth in Health-tech Sector: Schemes like digitization of health records, growth in telehealth, and mobile health, AI-based health-tech startups (more than 250 startups till 2018) aim at extending healthcare facilities to remote regions. In the light of these schemes, the medical device sector is expected o witness rapid growth in the volume market that will ultimately complement the revenue of the industry.

Expanding Healthcare Infrastructure: Increase in the number of public hospitals (2,200 in 2013 to an estimated 2,600 in 2025) will lead to higher revenue realization as newer capital equipment with upgraded technology will be installed in tertiary hospitals. Also, the business of medical device companies will be propelled by increasing the number of cardiac disorders and increasing the prevalence of cancer.

Analysts at Ken Research in their latest publication "Brazil Medical Device Market Outlook to 2025 - by Type of Device (Reagent for In-Vitro Diagnostics, Materials and Supplies, Laboratory Equipment and Others), Type of Business Activity (Import and Local Production), Channel of Sales (Distributor and Direct), Type of End User (Hospital, Clinics, and Diagnostic Lab Centers and Others) and By Region (South-East, South, North-East, Mid-West, and North)" observed that medical device in Brazil is in the growth stage and it can be further expanded through rising healthcare expenditure, increasing healthcare establishments and increasing penetration of medical insurance. The market is expected to register a positive CAGR of 5.8% in terms of revenue during the forecast period 2018-2025F.

For More Information On The Research Report, Refer To Below Link:-

https://www.kenresearch.com/healthcare/medical-devices/brazil-medical-device-market-outlook/303834-91.html

Key Segments Covered:-
By Business Activity
Import
Local Production)

By Sales Channel
Distributor
Direct Sales

By Type of Device
Reagents for In-Vitro Diagnostics
Materials and Supplies
Laboratory Equipment
Orthosis and Prosthesis
Diagnostic Imaging and Supplies
Dentistry Equipments
Hospital Furniture
Other Hospital Equipments

By Type of End User
Hospital
Clinics
Diagnostic Lab Centers and Others

By Region
South-East
South
North-East
Mid-West
North

Key Target Audience
Medical Device Manufacturers
Medical Device Distributors
Medical Device Importers
Government Agencies
IVD Device Companies
Orthopedic Device Companies
Hospital Furniture Manufacturers
Diagnostic Imaging Device Companies

Time Period Captured in the Report:
Historical Period: 2013- 2018
Forecast Period: 2019 - 2025

Companies Covered:
J&J Medical
Medtronic
Baxter International Becton and Dickinson
Boston Scientific
B. Braun
Terumo Medical Corporation
Edwards Life Sciences
Stryker International
Adavium
Geratherm

Key Topics Covered in the Report:-
Brazil Medical Device Market Value Chain Analysis
Brazil Medical Device Market Overview and Genesis
Brazil Medical Device Market Size
Brazil Medical Device Market Segmentation
Import Scenario in Brazil Medical Device Market
Government Role and Regulation in Brazil Medical Device Market
Trends and Developments in Brazil Medical Device Market
Issues and Challenges in Brazil Medical Device Market
Competitive Scenario in Brazil Medical Device Market
Brazil Medical Device Market Future Projections, FY'2018-FY'2023E
Analyst Recommendations

Related Reports by Ken Research:-
https://www.kenresearch.com/healthcare/medical-devices/philippines-medical-devices-market-outlook/231922-91.html

https://www.kenresearch.com/healthcare/medical-devices/india-medical-device-market-outlook/262371-91.html

https://www.kenresearch.com/healthcare/medical-devices/india-medical-consumables-market/249977-91.html

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a Global aggregator and publisher of Market intelligence, equity, and economy reports. We provide business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Greenfield and Brownfield Growth in Healthcare establishments Fuelled by Rise in Public Healthcare Expenditure will Drive the Medical Device Industry: Ken Research here

News-ID: 1907764 • Views: 188

More Releases from Ken Research

APAC 3D Printing Market Driven by Rise in adoption of 3D Printing for Production …
Increasing interest from many APAC manufacturing companies and growing government-led strategies and policies has helped different countries in APAC to create a sustainable AM ecosystem. China is the biggest contributor in the APAC 3D Printing market. The government is proactively supporting the industry. In 2017, the government issued the 'Additive Manufacturing Industry Development Action Plan', which aims to make domestic AM Industry worth USD 3 billion by 2020. Growth in domestic manufacturers
UAE Cold Chain Market is expected to generate over USD 1 Billion by 2025: Ken Re …
o The cold transport market expected to grow faster than cold warehousing in the future reversing the cold chain market trend thus far. o Substantial increase in consumer spending on retail goods, already a USD 90 Billion market, is expected due to population growth, increase in disposable income levels and high demand for temperature sensitive and perishable goods food and pharmaceuticals. o UAE is determined to reduce economic dependence on oil to and
Growing Demand for Herbal/Traditional Dietary Supplements Will Be One of the Maj …
The urban population is increasing in Vietnam stood at 34.6 Million in 2018 and is expected to triple by 2020 with major focus on cities of Hanoi, Ho Chi Minh City, and Haiphong. The increase in urban population will boost the nutritional supplements market as these people will have a higher awareness about the health and wellness products and better accessibility to the products. The number of Gyms in Vietnam is
Growing Number of individuals with Medical Insurance coupled with Per Capita Hea …
o Diagnostic Chains in Brazil will capture a larger share in terms of Revenue as Brazilians are very Brand Authentic in different regions. o Growing penetration of medical insurance operators in the country as a result of positive growth in the disposable income will lead to an increase in the penetration of clinical Analysis and Radiology laboratories in remote areas of the country. o The stabilization and recovery of Economy from Economic Crisis that happened

All 5 Releases


More Releases for Device

Walking Assist Device
The Walking Assist Device Market 2018 Industry Research Report focused on global and regional market, major manufacturers, as well as the current state of the Walking Assist Devicese industry. First, " Walking Assist Devicese Industry 2018" report analyzed the basic scope of this industry like definition, specification, classification, application, industry policy, news analysis and Walking Assist Devicese industry chain structure. Walking Assist Device Market Top Players Honda Motor Co., Ltd., Permobil
Molded Interconnect Device Market
Molded Interconnect Device Market-Global Industry Analysis and Forecast (2018-2026) by Process, Product Type, End-user application and geography Molded Interconnect Device Market was valued US$ 300 Mn in 2017 and is expected to reach US$ 890.5 Mn by 2026 at a CAGR of 14.57% during forecast period. Molded Interconnect Device market is segmented by process, product, end-user application and region. Increasing demand in electrical and mechanical application, rising use of Molded Interconnect Device
Medical Device Technologies Market - The Evolution of Medical Device Technologie …
The global medical device technologies market is anticipated to be boosted by various well-known players in the market. Some of these players that are dealing with the manufacturing of in vitro diagnostic devices hold a significant share in the global market. Whereas, the small market players are emerging from several developing nations, looking to set their foot in the market. Such measures are foreseen to change the market scenario in
Timing Device Market
Asia Pacific traffic sensor market is expected to hold the majority share due to the adoption of technologically-advanced systems. Growing urban population and the increasing need for real-time information systems in the region will propel the traffic sensor market growth. Growing urban population in countries including India, China, Japan, and South Korea is increasing the strain on the traffic management solutions. This is encouraging the governments to invest increasingly in
Neurorehabilitation Devices - MIME Robotic Device
Bioness Inc., Bionik Laboratories Corp., Bioxtreme, Denecor, Ectron Ltd., Ekso Bionics, Helius Medical Technologies, Hocoma AG, MagVenture A/S, Medtronic, Neuro Style, Rehab-Robotics Company Limited, Rehabtronics Inc, St Jude Medical Inc., Tyromotion are some of the prominent players at the forefront of competition in the global Neurorehabilitation Devices Market and are profiled in MRFR Analysis. Global Neurorehabilitation Devices Market - Overview The neurorehabilitation devices market is growing with the rapid pace. According
Global Medical Device Connectivity Market
Global Medical Device Connectivity Market, By Type (Integration Software, Connectivity Hardware (Wired, Wireless (Wi-Fi, WMTS, Bluetooth), By Applications (Electronic Medical Record, Patient Monitoring, Others), By End-User (Hospitals, Community Healthcare, Clinics, Others), By Geography (North America, Europe, Asia Pacific, South America, Middle East & Africa) – Industry Trends and Forecast to 2024 The Global Medical Device Connectivity Market has accounted for USD 5.7 billion in 2016 and is expected to reach