Brazil Near Infrared Imaging Market Size & Outlook
Brazil near infrared imaging market, 2018-2030 (US$M)
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Brazil near infrared imaging market highlights
- The Brazil near infrared imaging market generated a revenue of USD 27.3 million in 2023 and is expected to reach USD 35.3 million by 2030.
- The Brazil market is expected to grow at a CAGR of 3.8% from 2024 to 2030.
- In terms of segment, reagents was the largest revenue generating product in 2023.
- Reagents is the most lucrative product segment registering the fastest growth during the forecast period.
Near infrared imaging market data book summary
| Market revenue in 2023 | USD 27.3 million |
| Market revenue in 2030 | USD 35.3 million |
| Growth rate | 3.8% (CAGR from 2023 to 2030) |
| Largest segment | Reagents |
| Fastest growing segment | Reagents |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Devices, Reagents |
| Key market players worldwide | Stryker Corp, Olympus Corp, Hamamatsu Photonics KK, Shimadzu Corp, Medtronic PLC, Carl Zeiss Meditec AG |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.3% of the global near infrared imaging market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil near infrared imaging 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 35.3 million by 2030.
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Near Infrared Imaging Market Scope
Near Infrared Imaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil near infrared imaging 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 near infrared imaging market will help companies and investors design strategic landscapes.
Reagents was the largest segment with a revenue share of 57.51% in 2023. Horizon Databook has segmented the Brazil near infrared imaging market based on devices, reagents covering the revenue growth of each sub-segment from 2018 to 2030.
Growing healthcare expenditure by the government is expected to play a positive role in market progress. According to OECD, by 2040, health spending in Brazil is projected to represent 12.6% of GDP, up from 9.6% in 2019.
Furthermore, market growth can be attributed to Sistemo Unico de Saude (SUS), the public health system, which covers health insurance of all citizens in Brazil and enables patients to avail expensive medical imaging and diagnostic services at an affordable price.
Moreover, well-defined regulatory framework set by health agencies, such as Brazilian Health Regulatory Agency (Anvisa), and availability of experienced professionals are some of the major factors fueling the demand for near infrared imaging. Brazil is Latin America's largest medical device market, with a complex regulatory structure.
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Our clientele includes a mix of near infrared imaging market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil near infrared imaging market , including forecasts for subscribers. This country databook contains high-level insights into Brazil near infrared imaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil near infrared imaging market size, by product, 2018-2030 (US$M)
Brazil Near Infrared Imaging Market Outlook Share, 2023 & 2030 (US$M)
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