Portland, OR -- (SBWire) -- 01/15/2018 --Medical devices are used to carry out operations, treatments and diagnosis, and vary based on complexity and applications. These include primary devices such as, tongue depressors, medical gloves, syringes, and advanced devices such as computers which performs medical testing, implants, and other complicated operations. Technological advancements and innovations that improves the level of quality, safety, and reliability of medical devices present new avenues in the market.
The factors that fuel the growth of the Brazilian medical devices market are changing medical technology landscape encouraging the introduction of innovative products, increasing aging population, and rising government investments & trade initiatives. However, high cost of imported medical devices and high sales tariffs, challenging regulatory environment for approval, import, and sales of medical devices, and low penetration of medical devices in Brazil are factors restraining the growth of the market. Developing healthcare infrastructure, development of advanced ultrasound with a wide array of applications, and establishment of manufacturing facilities in the country by global players create opportunities in this market.
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The Brazilian medical devices market is segmented into patient monitoring, ultrasound, magnetic resonance imaging, defibrillators, and others (endoscopy, ophthalmology, orthopedic, radiotherapy). The market is further classified into product and end user. Based on product, the market is further divided into hemodynamic, cardiac monitoring, respiratory, multi-parameter, fetal and neonatal, remote patient monitor, neuromonitoring, temperature monitor, and weight management monitor.
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The ultrasound segment is further segmented into technology, application, and product. Based on technology, the ultrasound market is classified into diagnostic ultrasound and therapeutic ultrasound. Based on product, the ultrasound market is further classified into display and portability. The application segment of ultrasound is further divided into radiology/general imaging, obstetrics and gynecology, cardiology, vascular system, urology, and others.
KEY MARKET SEGMENTS:
Market By Patient Monitoring
-Product
-End User
Market By Ultrasound
-Technology
-Application
-Other Applications
Market By Magnetic Resonance Imaging
-Architecture
-Closed MRI Systems
-Open MRI Systems
-Field Strength
-High Field
-Very High Field
-Low to Mid Field
-Application
-Brain & Neurological
-Spine & Musculoskeletal
-Vascular
-Pelvic & Abdominal
-Breast
-Cardiac
Market By Defibrillators
-Product
-Implantable Cardioverter Defibrillators (ICDs)
-External Defibrillators
-End Users
-Hospitals
-Homecare
-Public Access Market
-Alternate Care Market
Brazil Medical Devices Market and Its Future Outlook During the Period of 2017 - 2023
The Brazilian medical devices market is segmented into patient monitoring, ultrasound, magnetic resonance imaging, defibrillators, and others.