Market Size of Brazil Endoscopy Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 0.96 Billion |
| Market Size (2029) | USD 1.29 Billion |
| CAGR (2024 - 2029) | 5.98 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Brazil Endoscopy Devices Market Analysis
The Brazil Endoscopy Devices Market size is estimated at USD 0.96 billion in 2024, and is expected to reach USD 1.29 billion by 2029, growing at a CAGR of 5.98% during the forecast period (2024-2029).
The growing preference for minimally-invasive surgeries, increasing adoption of endoscopes for treatment and diagnosis, and technological advancements leading to enhanced applications are the major factors that are leading to the growth of the market. However, the lack of skilled technicians and infections caused by few endoscopes are hindering the market growth.
Endoscopy allows both operations on more fragile patients, notably the elderly, and the treatment of more complex diseases, such as cancer. Other benefits of endoscopy include reduced post-operative pain and risks of complications, rapid healing, lighter anaesthesia, and a shorter period of hospital stay. Surgery, interventional radiology, and advanced endoscopy have all developed minimally-invasive techniques to effectively treat a variety of diseases, in order to bring about a positive impact on patients' postoperative outcomes. The growing awareness among the elderly population about minimally-invasive procedures and the rising prevalence of chronic diseases, worldwide, boosts the demand for endoscopy devices.
