Brazil Laparoscopic Devices Market Size & Outlook
Brazil laparoscopic devices market, 2018-2030 (US$M)
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Brazil laparoscopic devices market highlights
- The Brazil laparoscopic devices market generated a revenue of USD 253.2 million in 2023 and is expected to reach USD 445.6 million by 2030.
- The Brazil market is expected to grow at a CAGR of 8.4% from 2024 to 2030.
- In terms of segment, energy systems was the largest revenue generating product in 2023.
- Robot Assisted Systems is the most lucrative product segment registering the fastest growth during the forecast period.
Laparoscopic devices market data book summary
| Market revenue in 2023 | USD 253.2 million |
| Market revenue in 2030 | USD 445.6 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Energy systems |
| Fastest growing segment | Robot Assisted Systems |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Laparoscopes, Energy Systems, Trocars, Closure Devices, Suction/ Irrigation Device, Insufflation Device, Robot Assisted Systems, Hand Access Instruments |
| Key market players worldwide | Karl Storz, Medtronic PLC, Johnson & Johnson, Olympus Corp, B. Braun, The Cooper Companies Inc, Richard Wolf, Hoya Corp, BD, Welfare Medical, DEAM, Intuitive Surgical Inc |
Other key industry trends
- In terms of revenue, Brazil accounted for 3.3% of the global laparoscopic devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil laparoscopic devices 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 445.6 million by 2030.
Energy systems was the largest segment with a revenue share of 25.67% in 2023. Horizon Databook has segmented the Brazil laparoscopic devices market based on laparoscopes, energy systems, trocars, closure devices, suction/ irrigation device, insufflation device, robot assisted systems, hand access instruments covering the revenue growth of each sub-segment from 2018 to 2030.
Rising incidence of colorectal cancer and increasing healthcare expenditure are expected to drive the market growth during the forecast period. For instance, according to Globo can, 30,195 people in Brazil were diagnosed with colon cancer in 2020 and 22,064 with rectal cancer.
In addition, as per World Bank, the per capita health expenditure in Brazil increased from USD 781.81 in 2015 to USD 848.389 in 2018. However, due to the coronavirus outbreak, healthcare settings, such as hospitals, clinics, & ambulatory surgical centers, have delayed surgeries to meet the care needs of COVID-19 patients, reducing the number of laparoscopic procedures. This has impeded market growth.
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Laparoscopic Devices Market Scope
Laparoscopic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil laparoscopic devices market size, by product, 2018-2030 (US$M)
Brazil Laparoscopic Devices Market Outlook Share, 2023 & 2030 (US$M)
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