Brazil Medical Pendant Market Size & Outlook, 2019-2027
Brazil medical pendant market, 2015-2027 (US$M)
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Brazil medical pendant market highlights
- The Brazil medical pendant market generated a revenue of USD 12.7 million in 2019 and is expected to reach USD 21.0 million by 2027.
- The Brazil market is expected to grow at a CAGR of 6.5% from 2020 to 2027.
- In terms of segment, fixed was the largest revenue generating product in 2019.
- Double and Multi-arm Movable is the most lucrative product segment registering the fastest growth during the forecast period.
Medical pendant market data book summary
| Market revenue in 2019 | USD 12.7 million |
| Market revenue in 2027 | USD 21.0 million |
| Growth rate | 6.5% (CAGR from 2019 to 2027) |
| Largest segment | Fixed |
| Fastest growing segment | Double and Multi-arm Movable |
| Historical data | 2015 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fixed, Fixed Retractable, Single Arm Movable, Double and Multi-arm Movable, Accessories |
| Key market players worldwide | Starkstrom Group, Brandon Medical, Skytron, Surgiris, BeaconMedaes, Tedisel Medical, Ondal Medical Systems, Megasan Medikal |
Other key industry trends
- In terms of revenue, Brazil accounted for 3.2% of the global medical pendant market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Latin America, Brazil medical pendant market is projected to lead the regional market in terms of revenue in 2027.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 21.0 million by 2027.
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Medical Pendant Market Scope
Medical Pendant Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil medical pendant 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 medical pendant market will help companies and investors design strategic landscapes.
Fixed was the largest segment with a revenue share of 28.35% in 2019. Horizon Databook has segmented the Brazil medical pendant market based on fixed, fixed retractable, single arm movable, double and multi-arm movable, accessories covering the revenue growth of each sub-segment from 2015 to 2027.
Increasing healthcare expenditure, rising number of healthcare services & reforms, and technological advancements are expected to drive market growth in Brazil. For instance, in 2013, Brazil spent 9.7% of its GDP on healthcare. Increasing healthcare expenditure by the government is expected to play a vital role in driving market growth.
Moreover, presence of a well-defined regulatory framework, set by the health regulatory agency Agencies Nacional de Vigilance Sanitaria , is expected to boost the demand for medical pendants. Availability of skilled labor and advanced healthcare facilities at cheaper costs makes the country an attractive destination for medical tourism.
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Target buyers of Brazil medical pendant market databook
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Our clientele includes a mix of medical pendant market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil medical pendant market, including forecasts for subscribers. This country databook contains high-level insights into Brazil medical pendant market from 2015 to 2027, including revenue numbers, major trends, and company profiles.
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Brazil medical pendant market size, by product, 2015-2027 (US$M)
Brazil Medical Pendant Market Share, 2019 & 2027 (US$M)
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