Brazil General Surgical Devices Market Size

Brazil General Surgical Devices Market Analysis

• Brazil's general surgical devices market is expected to register a CAGR of 6.2% over the forecast period.
• The COVID-19 pandemic has affected healthcare systems in Brazil. To prioritize emergencies and lower the risk of spreading the SARS-CoV-2 virus, elective procedures were postponed in the majority of hospitals.
• For instance, the report published in the July 2022 issue of the National Library of Medicine stated that the number of oncological surgeries in Brazil in 2021 was the lowest in the past six years (2015-2021) due to the need to reorganize hospital flow to meet the demands of the COVID-19 epidemic. Therefore, during the early stages of the pandemic, the decrease in surgical procedures reduced the demand for general surgical devices. However, post-pandemic, the market is expected to gain traction over the coming years because of declining COVID-19 cases and the resumption of elective surgeries.
• The rising burden of chronic diseases is expected to propel the growth of the market. The various chronic diseases include cancer, cardiac diseases, and orthopedic diseases, and the rising prevalence of these diseases is expected to increase demand for surgical procedures, thereby boosting market growth. For instance, according to the study published in Cancer Epidemiology in June 2022, in Brazil, 66,280 new breast cancer cases were estimated in the female population in 2021, representing 29.7% of all neoplasms. The proportion of new breast cancer cases among women under 40 years reached 21.8% in 2021. Additionally, according to the study published in Alzheimer's Dementia in April 2022, Brazilians under 65 had a higher incidence rate of dementia than those in other nations. Dementia affects 26.1 people per 1000 people annually. Thus, the significant burden of chronic diseases such as cancer is expected to boost demand for general surgical devices over the forecast period.
• Additionally, the growing popularity of minimally invasive surgery and technological advancements is expected to propel the growth of the market. MIS procedures have several advantages over conventional procedures, such as less post-operative pain, fewer major operative and post-operative complications, faster recovery times, less scarring, less stress on the immune system, and smaller incisions. With the development of innovative solutions, the market is expected to experience stable growth over the forecast period.
• For instance, in June 2022, CMR Surgical continued its global growth with an expansion into Brazil. The Versius surgical robot, an MIS robot, has been introduced at Hospital e Maternidade So Luiz Itaim, Rede D'Or in So Paolo, where it is being used for multiple specialties. Therefore, due to the aforementioned factors, the general surgery devices market is expected to grow in Brazil over the forecast period. However, the high cost of procedures and stringent regulations are expected to restrain the growth of the market during the forecast period.