Brazil Surgical Equipment Market Size & Outlook, 2023-2030
Brazil surgical equipment market, 2018-2030 (US$M)
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Brazil surgical equipment market highlights
- The Brazil surgical equipment market generated a revenue of USD 352.0 million in 2023 and is expected to reach USD 710.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 10.6% from 2024 to 2030.
- In terms of segment, surgical sutures & staplers was the largest revenue generating product in 2023.
- Electrosurgical Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Surgical equipment market data book summary
| Market revenue in 2023 | USD 352.0 million |
| Market revenue in 2030 | USD 710.5 million |
| Growth rate | 10.6% (CAGR from 2023 to 2030) |
| Largest segment | Surgical sutures & staplers |
| Fastest growing segment | Electrosurgical Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Surgical Sutures & Staplers, Handheld Surgical Devices, Electrosurgical Devices |
| Key market players worldwide | Johnson & Johnson, Zimmer Biomet Holdings Inc, B. Braun, Smith & Nephew PLC, Stryker Corp, Aspen Group Inc, Medtronic PLC, BD |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.1% of the global surgical equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil surgical equipment 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 504.7 million by 2030.
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Surgical Equipment Market Scope
Surgical Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil surgical equipment 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 surgical equipment market will help companies and investors design strategic landscapes.
Surgical sutures & staplers was the largest segment with a revenue share of 45.91% in 2023. Horizon Databook has segmented the Brazil surgical equipment market based on surgical sutures & staplers, handheld surgical devices, electrosurgical devices covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil stands out among other Latin American countries due to its substantial potential for growth, driven by a rising prevalence of chronic diseases and a notable increase in surgical procedures. According to the ISAPS global survey 2022, Brazil ranks first for surgical procedures.
This significant number of surgeries highlights the robustness of Brazil's healthcare system and the growing demand for surgical equipment. Brazil has a considerable prevalence of health conditions, notably neurological & cardiovascular diseases. The study published by John Wiley & Sons, Inc. in June 2023 concluded that around 2 million of the 2019 population might have dementia in Brazil.
Moreover, according to the study published by the American Heart Association, Inc. in August 2022, Heart failure represents Brazil's main cause of hospitalizations, with more than 222,000 admissions in 2019. These prevailing health issues increase the need for effective surgical treatments, boosting the demand for surgical equipment.
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Our clientele includes a mix of surgical equipment market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil surgical equipment market , including forecasts for subscribers. This country databook contains high-level insights into Brazil surgical equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil surgical equipment market size, by product, 2018-2030 (US$M)
Brazil Surgical Equipment Market Outlook Share, 2023 & 2030 (US$M)
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