Brazil Cardiac Surgery Instruments Market Analysis

Brazil Cardiac Surgery Instruments Market Analysis


$ 3999

Brazil's Cardiac Surgery Instruments Market is expected to witness growth from $52 Mn in 2022 to $93 Mn in 2030 with a CAGR of 7.60% for the forecasted year 2022-30. Heart diseases like coronary artery disease and heart failure are very common in Brazil. Due to the rise in cardiac surgeries as a result, there is an increasing need for the tools and instruments used in these operations. The market is segmented by type, application, and end user. Some key players in this market include: Nipro Medical do Brasil Ltda, Arthrocare do Brasil Ltda, LivaNova, B. Braun, Medline Industries, KLS Martin, and STILLE.

ID: IN10BRMD004 CATEGORY: Medical Devices GEOGRAPHY: Brazil AUTHOR: Jigyasu Bhandari

Buy Now

Brazil Cardiac Surgery Instruments Healthcare Market Executive Analysis

Brazil's Cardiac Surgery Instruments Market is expected to witness growth from $52 Mn in 2022 to $93 Mn in 2030 with a CAGR of 7.60% for the forecasted year 2022-30.. Brazil's current health expenditures rose from 9.46% in 2018 to 9.59% in 2019. (as a percentage of GDP). By 2040, Brazil's health expenditures will account for 12.6% of its GDP, with space for expansion in areas like basic care, hospital care, medications, long-term care, and administration. Brazil has a male life expectancy of 72.5 years and a female life expectancy of 79.5 years. Brazil's population is growing by 0.7% annually.    

In Brazil, Coronary heart disease, which affects over 100,000 individuals a year, is the main cause of death there. The infectious illness Chagas disease, which can lead to heart disease, is very common in Brazil. Between 1.9 and 4.6 million people in Brazil are afflicted by the illness, which claims about 7,000 lives annually. The sickness known as rheumatic heart disease, which is preventable, is brought on by untreated streptococcal infections. In Brazil, Coronary heart disease, which affects over 100,000 individuals a year, is the main cause of death there. The infectious illness Chagas disease, which can lead to heart disease, is very common in Brazil. Between 1.9 and 4.6 million people in Brazil are afflicted by the illness, which claims about 7,000 lives annually. The sickness known as rheumatic heart disease, which is preventable, is brought on by untreated streptococcal infections.

Brazil Cardiac Surgery Instruments Market Analysis

Market Dynamics

Market Growth Drivers

In Brazil, Coronary artery disease and heart failure are very common cardiac diseases. As a result of the increase in cardiac surgeries, there is an increasing need for the tools used in these procedures. As more hospitals and organizations, particularly in the private sector, open, the Brazilian healthcare system expands. Equipment for cardiac surgery is now more necessary than ever because of the increase in cardiac procedures. Brazil has been spending more on healthcare recently, with increased contributions from the public and private industries. Due to the eagerness of healthcare providers to invest money in top-of-the-line, cutting-edge equipment to enhance patient outcomes, has created a favourable environment for makers of cardiac surgery instruments. a senescent populace, cardiovascular diseases are more common in Brazil. The demand for cardiac surgery instruments is expected to rise as the population gets older.

Market Restraints

The cardiac surgery instrument market in Brazil is highly saturated, with local as well as global manufacturers vying for market share. It might be difficult for manufacturers to distinguish themselves from the competition and maintain a healthy profit margin. In Brazil, where healthcare workers are frequently cost-conscious, there is a high demand for affordably priced healthcare services and products. As a result, it might be challenging for producers of instruments for cardiac surgery to keep high-profit margins.

Competitive Landscape

Key Players

  • Nipro Medical do Brasil Ltda (BR)
  • Arthrocare do Brasil Ltda (BR)
  • LivaNova
  • B. Braun
  • KLS Martin
  • Medline Industries
  • STILLE

Healthcare Policies and Regulatory Landscape

In Brazil, the authority for regulating the licensing of cardiac surgery instruments falls to the Brazilian National Health Surveillance Agency. All facets of the production, sale, and distribution of cardiac surgery instruments in Brazil are governed by ANVISA laws and rules. Technical guidelines are developed and equipment used in cardiac surgery is tested by the National Institute of Metrology, Quality, and Technology. The majority of Brazilians receive state-funded healthcare through the Unified Health System (UHS), which also establishes policies and standards for the delivery of healthcare, including the use of medical devices. Cardiac surgery instruments are among the medical technologies that the National Commission for the Incorporation of Technologies in the Unified Health System reviews to see if they should be included in the Brazilian health system.

1. Executive Summary
1.1 Device Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Regulatory Landscape for Medical Device
1.6 Health Insurance Coverage in Country
1.7 Type of Medical Device
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Cardiac Surgery Instruments Market Segmentation

By Type (Revenue, USD Billion):

The market is divided into segments in this study based on the goods, applications, end users, and geographical areas. The market is divided into forceps, scissors, needle holders, clamps, and other cardiac surgery instruments based on the product. In 2017 the forceps category led the market, and it is anticipated that it will increase at the fastest rate going forward. The rise in heart surgeries and the frequent usage of forceps in most cardiac procedures are credited with the segment's strong growth.

  • Forceps
  • Vascular Forceps
  • Grasping Forceps
  • Other Forceps
  • Needle Holders
  • Scissors
  • Clamps
  • Other Cardiac Surgical Instruments

By Application (Revenue, USD Billion):

The market is further segmented by application into paediatric cardiac surgery, heart valve surgery, coronary artery bypass graft (CABG), and other applications. The Brazil market's largest and fastest-growing application segment is CABG. This is mostly explained by the increased prevalence of heart illnesses and the consequent rise in surgical treatments. The second-largest category is heart valve surgery.

  • Coronary Artery Bypass Graft (CABG)
  • Heart Valve Surgery
  • Pediatric Cardiac Surgery
  • Other Applications

By End User (Revenue, USD Billion):

Based on the end user, the market is segmented into hospitals and cardiac centers, and ambulatory surgery centers. The hospitals and cardiac centers segment is expected to dominate the market for cardiac surgery instruments. Growth in this end-user segment can be attributed to the increasing incidence of cardiac and heart valve diseases and the subsequent increase in the number of cardiac surgery procedures.

  • Hospitals and Cardiac Centers
  • Ambulatory Surgery Centers

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain a high level of accuracy and consistency. The market data is analyzed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, and market share as well as a segment-level analysis of the specific market. Our report includes precise, to-the-point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

 

 

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and their impact on the different segments within the market.

Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

To request a free sample copy of this report, please complete the form below.


We value your inquiry and offer free customization with every report to fulfil your exact research needs.


This report addresses

  • Intelligent insights to take informed business decisions
  • Qualitative, acute and result oriented market analysis
  • Market size and forecasts from 2022 to 2030
  • Opportunities for expansion and in-depth market analysis
  • Segmentation and regional revenue forecasts
  • Analysis of the market share and competitive landscape
  • Strategic Recommendations to chart future course of action
  • Comprehensive Market Research Report in PDF and PPT formats

Need more?

  • Ask our analyst how this study was put together to learn more
  • Discuss additional requirements as part of the free customisation
  • Add more countries or regions to the scope 
  • Get answers to specific business questions 
  • Develop the business case to launch the product
  • Find out how this report may influence your business revenue
Last updated on: 04 December 2023
Updated by: Vidhi Upadhyay

Related reports (by category)


Related reports (by geography)


subscribe to our newsletter
up