Brazil Remote Patient Monitoring Devices Market Size & Outlook
Brazil remote patient monitoring devices market, 2018-2030 (US$M)
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Brazil remote patient monitoring devices market highlights
- The Brazil remote patient monitoring devices market generated a revenue of USD 237.4 million in 2023 and is expected to reach USD 787.3 million by 2030.
- The Brazil market is expected to grow at a CAGR of 18.7% from 2024 to 2030.
- In terms of segment, specialized monitors was the largest revenue generating product in 2023.
- Vital Sign Monitors is the most lucrative product segment registering the fastest growth during the forecast period.
Remote patient monitoring devices market data book summary
| Market revenue in 2023 | USD 237.4 million |
| Market revenue in 2030 | USD 787.3 million |
| Growth rate | 18.7% (CAGR from 2023 to 2030) |
| Largest segment | Specialized monitors |
| Fastest growing segment | Vital Sign Monitors |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vital Sign Monitors, Specialized Monitors |
| Key market players worldwide | shenzhen mindray automation equipment co., Nihon Kohden Corp, OMRON Corp, OSI Systems Inc, Koninklijke Philips NV, Roche Holding AG ADR, Welch Allyn, Smiths Group PLC, Abbott Laboratories, Boston Scientific Corp, Draegerwerk AG & Co KGaA, GE HealthCare Technologies Inc Common Stock, Honeywell International Inc, Johnson & Johnson, BioTelemetry, Medtronic PLC, Masimo Corp, Vital Farms Inc Ordinary Shares, BIOTRONIK, American Well Corp Ordinary Shares - Class A, CareValidate |
Other key industry trends
- In terms of revenue, Brazil accounted for 4.6% of the global remote patient monitoring devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil remote patient monitoring devices 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 787.3 million by 2030.
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Remote Patient Monitoring Devices Market Scope
Remote Patient Monitoring Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil remote patient monitoring 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 remote patient monitoring devices market will help companies and investors design strategic landscapes.
Specialized monitors was the largest segment with a revenue share of 82.52% in 2023. Horizon Databook has segmented the Brazil remote patient monitoring devices market based on vital sign monitors, specialized monitors covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is one of the most lucrative markets for remote patient monitoring devices in Latin America owing to the highest healthcare expenditure in the region. Market players are investing in the Brazilian market, with growing demand for home care by elderly patients.
This is expected to be a vital impact-rendering driver. In addition, the increasing prevalence of cardiac disorders, such as cardiac arrhythmia, cardiac failure, hypertension, and ischemic heart diseases, is anticipated to increase the sales of devices such as cardiac rhythm monitors, blood glucose monitors, and heart rate monitors.
Due to the growing presence of manufacturers within the region, the cost of components has reduced, leading to in-house manufacturing of affordable and technologically updated devices. Nike, Sony, and Samsung are some of the key players offering wearable vital sign monitoring devices in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil remote patient monitoring devices market , including forecasts for subscribers. This country databook contains high-level insights into Brazil remote patient monitoring devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil remote patient monitoring devices market size, by product, 2018-2030 (US$M)
Brazil Remote Patient Monitoring Devices Market Outlook Share, 2023 & 2030 (US$M)
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