Growing Number of individuals with Medical Insurance coupled with Per Capita Health Expenditure and Increasing Ageing Population will drive Diagnostic Labs in Brazil: Ken Research
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 in 2015, will positively impact the Brazil Diagnostic Labs Market as it will increase the healthcare spending of government and per capita health expenditure in Brazil.
Growing Number of Public Hospitals and Government Initiatives: Number of Public Hospitals in Brazil is anticipated to increase from 2,200 in 2013 to 2,600 by the end of 2025. Consequently, the growing Number of Hospitals will lead to the opening of more clinical laboratories in the country. Furthermore, Government initiatives of providing funding to Municipalities to promote patient admissions to SUS will ensure a higher number of patients and exams in the Diagnostic Labs.
Rising Insurance Penetration: The stability in the economy after the economic crisis that happened in the country, improved the medical insurance scenario of Brazil wherein the number of insured patients revived again with an increase of 200 million people in February 2019. Hence, the increase in investments in the private healthcare insurance business will fuel the number of medical procedures and diagnostic examinations that will ultimately lead to a rise in the revenue of the lab's industry.
Growing Ageing Population: In the future, it is anticipated that elderly citizens' population (Above 60 Years) will increase at a CAGR of 3.7% during the period 2019P-2025, which will be capturing a larger proportionate share over the years in Brazil. Changing demographics is a key driver of the Brazilian Diagnostic Labs market, as the growing population will increase the incidence of chronic diseases such as respiratory and digestive problems and some diseases pertaining to a lifestyle that includes high obesity and type2 diabetes in the future.
Analysts at Ken Research in their latest publication "Brazil Diagnostic Labs Market Outlook to 2025 - by Type of Labs (Single Independent and Chains), By Application (Clinical Analysis and Radiology), By Region(South-East, South, North-East, Mid-West, and North), By Revenue Source (Healthcare Plan Operators and Insurers, Out-of-Pocket and Public System)" observed that Diagnostic Labs Market in Brazil is in its growth stage and it can be further expanded through increasing penetration of medical insurance, rising per capita healthcare expenditure and growing artificial intelligence in equipment technologies. The market is expected to register a positive CAGR of 6.7% in terms of revenue during the forecast period 2019P-2025F.
For More Information on the research report, refer to below link:-
Key Segments Covered:-
By Type of Labs
By Revenue Source
Healthcare Plan Operators and Insurers
Key Target Audience
Medical Device Manufacturers
Medical Device Distributors
Public and Private Hospitals
Medical Device Importers
Diagnostic Lab Players
Diagnostic Imaging Device Companies
Time Period Captured in the Report:
Historical Period: 2013- 2019P
Forecast Period: 2020 - 2025
Albert Einstein Medicina Diagnostica
Alliar Medicos a Frente
BP Medicina Diagnostica
Clinica da Imagem do Tocantins
DB Diagnosticos do Brasil
Sabin Medicina Diagnostica
Senne Liquor Diagnostico
Key Topics Covered in the Report:-
Brazil Diagnostic Labs Market Value Chain Analysis
Brazil Diagnostic Labs Market Overview and Genesis
Brazil Diagnostic Labs Market Size
Brazil Diagnostic Labs Market Segmentation
SWOT Analysis in Brazil Diagnostic Labs Market
POCT Market in Brazil
Competitive Scenario in Brazil Diagnostic Labs Market
Brazil Diagnostic Labs Market Future Projections, FY'2019-FY'2025F
Related Reports by Ken Research:-
Ankur Gupta, Head Marketing & Communications
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 provides business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies.
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