Brazil Microcatheter Market Size & Outlook, 2020-2027
Brazil microcatheter market, 2016-2027 (US$M)
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Brazil microcatheter market highlights
- The Brazil microcatheter market generated a revenue of USD 76.2 million in 2020 and is expected to reach USD 113.9 million by 2027.
- The Brazil market is expected to grow at a CAGR of 5.9% from 2021 to 2027.
- In terms of segment, dual lumen was the largest revenue generating product design in 2020.
- Dual Lumen is the most lucrative product design segment registering the fastest growth during the forecast period.
Microcatheter market data book summary
| Market revenue in 2020 | USD 76.2 million |
| Market revenue in 2027 | USD 113.9 million |
| Growth rate | 5.9% (CAGR from 2020 to 2027) |
| Largest segment | Dual lumen |
| Fastest growing segment | Dual Lumen |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single Lumen, Dual Lumen |
| Key market players worldwide | Medtronic PLC, Terumo Corp, Merit Medical Systems Inc, Stryker Corp, Penumbra Inc, Boston Scientific Corp, Teleflex Inc, Asahi Intecc Co Ltd, Surmodics Inc, BioCardia Inc |
Other key industry trends
- In terms of revenue, Brazil accounted for 4.1% of the global microcatheter market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Latin America, Brazil microcatheter 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 113.9 million by 2027.
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Microcatheter Market Scope
Microcatheter Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil microcatheter 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 microcatheter market will help companies and investors design strategic landscapes.
Dual lumen was the largest segment with a revenue share of 64.96% in 2020. Horizon Databook has segmented the Brazil microcatheter market based on single lumen, dual lumen covering the revenue growth of each sub-segment from 2016 to 2027.
The Brazilian market is estimated to grow at a significant rate in the following years owing to the increasing healthcare reforms and expenditure. According to the WHO, in Brazil, total healthcare expenditure was 9.1% of its GDP in 2016. Moreover, rising public & private healthcare expenses is contributing to market growth.
For instance, according to the World Bank estimates, in 2016, public & private healthcare spending accounted for 8.5% of the total GDP in Brazil. In addition, as per the Institute for Health Metrics and Evaluation (IHME), in 2017, ischemic heart disease and stroke were the leading causes of deaths in Brazil.
Thus, increasing prevalence of target diseases, developing healthcare infrastructure, and rapidly growing economy, along with increasing number of players interested in exploring market opportunities in Brazil, are some of the major factors boosting the demand for microcatheters in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil microcatheter market , including forecasts for subscribers. This country databook contains high-level insights into Brazil microcatheter market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Brazil microcatheter market size, by product design, 2016-2027 (US$M)
Brazil Microcatheter Market Outlook Share, 2020 & 2027 (US$M)
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