Brazil Prosthetics And Orthotics Market Size & Outlook
Brazil prosthetics and orthotics market, 2017-2030 (US$M)
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Brazil prosthetics and orthotics market highlights
- The Brazil prosthetics and orthotics market generated a revenue of USD 119.5 million in 2022 and is expected to reach USD 165.3 million by 2030.
- The Brazil market is expected to grow at a CAGR of 4.1% from 2023 to 2030.
- In terms of segment, orthotics was the largest revenue generating type in 2022.
- Prosthetics is the most lucrative type segment registering the fastest growth during the forecast period.
Prosthetics and orthotics market data book summary
| Market revenue in 2022 | USD 119.5 million |
| Market revenue in 2030 | USD 165.3 million |
| Growth rate | 4.1% (CAGR from 2022 to 2030) |
| Largest segment | Orthotics |
| Fastest growing segment | Prosthetics |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Orthotics, Prosthetics |
| Key market players worldwide | Ottobock, Ossur, Blatchford, WillowWood, Ultraflex Systems, Steeper Group, Bauerfeind, Aether Biomedical |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.8% of the global prosthetics and orthotics market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil prosthetics and orthotics market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 124.4 million by 2030.
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Prosthetics And Orthotics Market Scope
Prosthetics And Orthotics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil prosthetics and orthotics 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 prosthetics and orthotics market will help companies and investors design strategic landscapes.
Orthotics was the largest segment with a revenue share of 76.57% in 2022. Horizon Databook has segmented the Brazil prosthetics and orthotics market based on orthotics, prosthetics covering the revenue growth of each sub-segment from 2017 to 2030.
Brazil is among the top 10 largest pharmaceutical markets in the world. Brazil hosts many manufacturing plants of large as well as local industries. Public and private healthcare expenses are around 9.6% of the GDP.
In 2018, Caroline Dinenage, the Care Minister, announced an investment of GBP 1.5 million in sports and activity prosthetics. The presence of large market players, such as Össur, Blatchford, Inc. is also expected to aid in market growth.
Thus, increase in healthcare expenditure, rise in government investments, and presence of large number of players are some of the factors expected to drive the market growth.
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Our clientele includes a mix of prosthetics and orthotics 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Brazil prosthetics and orthotics market , including forecasts for subscribers. This country databook contains high-level insights into Brazil prosthetics and orthotics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil prosthetics and orthotics market size, by type, 2017-2030 (US$M)
Brazil Prosthetics And Orthotics Market Outlook Share, 2022 & 2030 (US$M)
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