Brazil Flow Diverters Market Size & Outlook, 2023-2030
Brazil flow diverters market, 2018-2030 (US$M)
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Brazil flow diverters market highlights
- The Brazil flow diverters market generated a revenue of USD 7.4 million in 2023 and is expected to reach USD 16.3 million by 2030.
- The Brazil market is expected to grow at a CAGR of 12% from 2024 to 2030.
- In terms of segment, >5mm was the largest revenue generating product in 2023.
- 2-3mm is the most lucrative product segment registering the fastest growth during the forecast period.
Flow diverters market data book summary
| Market revenue in 2023 | USD 7.4 million |
| Market revenue in 2030 | USD 16.3 million |
| Growth rate | 12% (CAGR from 2023 to 2030) |
| Largest segment | >5mm |
| Fastest growing segment | 2-3mm |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 2-3mm, 3-4mm, 4-5mm, >5mm |
| Key market players worldwide | Medtronic PLC, Stryker Corp, Terumo Corp, MicroPort Scientific Corp, Johnson & Johnson, InspireMD Inc, Balt, Phenox, Acandis GmbH |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.4% of the global flow diverters market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil flow diverters market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 16.3 million by 2030.
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Flow Diverters Market Scope
Flow Diverters Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil flow diverters market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to flow diverters market will help companies and investors design strategic landscapes.
>5mm was the largest segment with a revenue share of 68.92% in 2023. Horizon Databook has segmented the Brazil flow diverters market based on 2-3mm, 3-4mm, 4-5mm, >5mm covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil’s market is anticipated to witness moderate growth over the forecast period. For instance, according to the International Trade Administration, the percentage of government healthcare spending was 9.47% of its GDP in 2023.
Furthermore, according to the United Nations Department of Economic and Social Affairs, the population aged over 65 & above was around 19,526 and is estimated to increase to 30,413 in 2030. Thus, increasing government spending on healthcare and the growing geriatric population are expected to contribute to market growth. However, a lack of trained staff in Brazil may restrain the market.
The presence of public health systems such as Sistema Unico de Saude (SUS), which covers health insurance for all citizens in Brazil, is said to support market growth. Increasing number of patients suffering from brain aneurysm is likely to be the major driver for market growth in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil flow diverters market , including forecasts for subscribers. This country databook contains high-level insights into Brazil flow diverters market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil flow diverters market size, by product, 2018-2030 (US$M)
Brazil Flow Diverters Market Outlook Share, 2023 & 2030 (US$M)
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