Market Size of Brazil Artificial Organs & Bionic Implants Industry
| 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.
