Brazil Pressure Relief Devices Market Size & Outlook
Brazil pressure relief devices market, 2018-2030 (US$M)
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Brazil pressure relief devices market highlights
- The Brazil pressure relief devices market generated a revenue of USD 128.0 million in 2022 and is expected to reach USD 227.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 7.4% from 2023 to 2030.
- In terms of segment, low tech devices was the largest revenue generating type in 2022.
- Low Tech Devices is the most lucrative type segment registering the fastest growth during the forecast period.
Pressure relief devices market data book summary
| Market revenue in 2022 | USD 128.0 million |
| Market revenue in 2030 | USD 227.5 million |
| Growth rate | 7.4% (CAGR from 2022 to 2030) |
| Largest segment | Low tech devices |
| Fastest growing segment | Low Tech Devices |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low Tech Devices, High Tech Devices |
| Key market players worldwide | 3M Co, Arjo AB Class B, Essity, Hillrom UK, Invacare, Paramount Bed Holdings Co Ltd, Smith & Nephew PLC, Stryker Corp, Talley Group |
Other key industry trends
- In terms of revenue, Brazil accounted for 3.5% of the global pressure relief devices market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil pressure relief devices market is projected to lead the regional market in terms of revenue in 2030.
- Colombia is the fastest growing regional market in Latin America and is projected to reach USD 63.9 million by 2030.
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Pressure Relief Devices Market Scope
Pressure Relief Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil pressure relief devices 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 pressure relief devices market will help companies and investors design strategic landscapes.
Low tech devices was the largest segment with a revenue share of 66.8% in 2022. Horizon Databook has segmented the Brazil pressure relief devices market based on low tech devices, high tech devices covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is known for its R&D in healthcare. It is a member of the OECD countries. Due to increase in healthcare spending, the country has well-laid out healthcare policies, infrastructure, and regulatory framework, fostering economic growth.
Increasing number of patients suffering from chronic diseases is anticipated to be the major factor driving growth in the country. Moreover, growing partnerships and mergers between industries & government and rising demand for cost-effective & technologically advanced equipment are some of the key factors fueling the market growth.
Brazil is also known to be one of the largest markets for medical devices in Latin America. Growing number of high-quality device manufacturers in the country also indicates the pressure relief devices market growth over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil pressure relief devices market, including forecasts for subscribers. This country databook contains high-level insights into Brazil pressure relief devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil pressure relief devices market size, by type, 2018-2030 (US$M)
Brazil Pressure Relief Devices Market Share, 2022 & 2030 (US$M)
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