Market revenue in 2023 | USD 107.6 million |
Market revenue in 2030 | USD 160.2 million |
Growth rate | 5.8% (CAGR from 2023 to 2030) |
Largest segment | Commodes |
Fastest growing segment | Bath Lifts |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Shower Chairs and Stools, Bath Lifts, Toilet Seat Raiser, Commodes, Handgrips and Grab Bars, Bath Aids |
Key market players worldwide | Getinge AB ADR, Carex Health Brands, Prism Medical, Sunrise Medical, Savaria Corp, Bischoff & Bischoff, Invacare, Etac AB, Graham - Field Health Products |
Commodes was the largest segment with a revenue share of 18.87% in 2023. Horizon Databook has segmented the Brazil bathroom and toilet assist devices market based on shower chairs and stools, bath lifts, toilet seat raiser, commodes, handgrips and grab bars, bath aids covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil held a 30.3% share of the Latin America bathroom and toilet assist devices market in 2023. Brazil is the largest economy in Latin America and ranks 124th as per the 2020 World Bank rankings in terms of ease of conducting business. It spends nearly 9.88% of its GDP on healthcare and is focused on improving its healthcare policies, infrastructure, and regulatory framework.
The growing geriatric population in the country is driving the market growth. The rising number of people with disabilities countrywide is also boosting the demand. For instance, over 16 million people in Brazil suffer from disability. Moreover, rising cases of accidental injuries are contributing to the market growth in Brazil.
For instance, over 40,000 people are killed in road accidents in Brazil every year. These factors are anticipated to fuel the market growth over the forecast period. Research published in BMJ indicates that the prevalence of Parkinson's among individuals aged 65 years and above in Brazil is approximately 3.3%, and this figure is projected to double by 2030.
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