Brazil Artificial Organs & Bionic Implants Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 11.69 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Brazil Artificial Organs & Bionic Implants Market Analysis
The Brazil Artificial Organs & Bionic Implants Market is expected to grow with a CAGR of 11.69% in the forecast period. The growth of the market in the country can be attributed to the increasing organ failure owing to aging and age-related disorders and an increasing number of accidents and injuries leading to amputations.
Brazil's National Transportation Confederation CNT 2020 report, claims that in 2019, there were 1.2 % more deaths that are 5,332 fatalities due to road accidents when compared to 2018. The total number of accident cases causing serious injuries was 55,756 in 2019 a 3.3 % increase from the previous year. The increasing road injuries increase the disabilities thus increases the overall demand for artificial organs and bionics. Furthermore, the increasing burden of these chronic diseases that require organ transplantation is expected to boost the market growth in the region.
Brazil Artificial Organs & Bionic Implants Market Trends
This section covers the major market trends shaping the Brazil Artificial Organs & Bionic Implants Market according to our research experts:
Cardiac Bionics Segment is Expected to Have a Highest Growth Rate in the Forecast Period
Cardiac Bionics is expected to show a high growth rate that is attributed to the increasing prevalence of cardiovascular diseases and the increasing geriatric population in the country. According to the Ministério da Saúde (Brazil), the leading cause of mortality in the country is ischemic heart disease in the year 2017. It was estimated that 28% of all deaths in Brazil are caused due to cardiovascular diseases. Therefore with the increasing burden of cardiac diseases, there is an increasing need for cardiac bionics, which helps the overall market to grow in Brazil.
Brazil Artificial Organs & Bionic Implants Industry Overview
The Brazil Artificial Organs & Bionic Implants Market is moderately competitive with several major players. Some of the strategies implemented include agreements, collaborative models, business expansion, and product developments. Some of the major players are Ossur, Boston Scientific Corporation, Otto Bock Holding GmbH & Co. KG, Medtronic plc and Zimmer Biomet
Brazil Artificial Organs & Bionic Implants Market Leaders
Ossur
Boston Scientific Corporation
Medtronic plc
Ottobock
Zimmer Biomet
*Disclaimer: Major Players sorted in no particular order
Brazil Artificial Organs & Bionic Implants Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increasing Organ Failure Owing to Aging and Age-related disorders
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4.2.2 Increasing Accidents and Injuries Leading to Amputations
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4.3 Market Restraints
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4.3.1 Fear of Device Malfunction and its Consequences
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product
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5.1.1 Artificial Organs
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5.1.1.1 Artificial Heart
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5.1.1.2 Artificial Kidney
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5.1.1.3 Others
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5.1.2 Bionics
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5.1.2.1 Vision Bionics
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5.1.2.2 Orthopedic Bionic
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5.1.2.3 Cardiac Bionics
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5.1.2.4 Others
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Ossur
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6.1.2 Boston Scientific Corporation
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6.1.3 Otto Bock Holding GmbH & Co. KG
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6.1.4 Medtronic plc
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6.1.5 Zimmer Biomet
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6.1.6 Sonova Holding AG (Advanced Bionics)
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6.1.7 ORTHOFIX INTERNATIONAL N.V
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Brazil Artificial Organs & Bionic Implants Industry Segmentation
As per the scope of the report, artificial organs and bionics are man-made devices that can be implanted or integrated into humans, to either replace a natural organ or provide support for the purpose of restoring specific function or a group of related functions, helping the patient to return to his normal life.
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Brazil Artificial Organs & Bionic Implants Market Research FAQs
What is the current Brazil Artificial Organs & Bionic Implants Market size?
The Brazil Artificial Organs & Bionic Implants Market is projected to register a CAGR of 11.69% during the forecast period (2024-2029)
Who are the key players in Brazil Artificial Organs & Bionic Implants Market?
Ossur, Boston Scientific Corporation, Medtronic plc, Ottobock and Zimmer Biomet are the major companies operating in the Brazil Artificial Organs & Bionic Implants Market.
What years does this Brazil Artificial Organs & Bionic Implants Market cover?
The report covers the Brazil Artificial Organs & Bionic Implants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Brazil Artificial Organs & Bionic Implants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Brazil Artificial Organs & Bionic Implants Industry Report
Statistics for the 2024 Brazil Artificial Organs & Bionic Implants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Brazil Artificial Organs & Bionic Implants analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
