Brazil Minimally Invasive Surgery Devices Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Products, and Application (Aesthetic, Cardiovascular, Gastrointestinal, Gynecological, Orthopedic, Urological, and Other Applications)

Market Snapshot

Brazil MIS-1
Study Period:

2016-2024

Base Year:

2018

CAGR:

8.6%

Key Players:

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Market Overview

The market for Minimally Invasive Surgery (MIS) devices in Brazil is majorly driven by factors such as higher acceptance rate of minimally invasive procedures over traditional procedures, increasing prevalence of lifestyle-related and chronic disorders, and technological advancements in the MIS devices.

Minimally invasive surgeries (MIS) have been reported to cause less post-operative pain, and hence, receive smaller dosages of pain killers. As there are no cuts or stitches involved, the hospital stay is relatively shorter, and patients are not required to visit the hospital, frequently. Traditional open surgeries involve long incisions that have to be made through muscle, and these muscles take significant time to heal; whereas, MIS procedures involve smaller incisions leading to a quicker recovery. Moreover, the body scars involved in MIS are barely noticeable.

The prime advantage that MIS has over traditional open surgeries is the higher precision, owing to video-assisted equipment involved, which generate better and magnified images of the organs or body parts that are operated, and also wider acceptance rate in the old adult population, due to the relatively shorter recovery time.

These benefits and the increasing patient acceptance and preference over traditional open surgeries are driving the minimally invasive surgery devices market in Brazil.

Scope of the Report

As per the scope of this report, minimally-invasive surgical devices refer to electrosurgical systems, robot-assisted surgical systems, and surgical equipment, which are used during the minimally-invasive procedure. The minimally-invasive neurosurgery device market is growing at a significant rate, due to various benefits associated with minimally-invasive procedures, such as less recovery time, minimal pain to the patients, shortened hospital stay, and high accuracy.

By Products
Handheld Instruments
Guiding Devices
Electrosurgical Devices
Endoscopic and Laproscopic Devices
Monitoring and Visualization Devices
Ablation and Laser Based Devices
Others
By Application
Aesthetic
Cardiovascular
Gastrointestinal
Gynecological
Orthopedic
Urological
Other Applications

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Key Market Trends

Gastrointestinal Segment, under Application, is expected to be the Fastest Growing Segment over the Forecast Period

The gastrointestinal segment is expected to be the fastest-growing segment, owing to the rising incidence of gastrointestinal diseases in the young, adult, and geriatric groups, in Brazil. For instance, the National Institute of Health has stated that the prevalence of inflammatory bowel disease (IBD) is around 38.2 38.2 per 100,000 people in Brazil and that of Ulcerative Colitis is 24.1 per 100,000.

Minimally-invasive surgery has gained popularity for benign diseases and has proved its safety and efficacy over traditional methods, owing to which, it has gained substantial attention in the past several years.

Centers for Disease Control and Prevention (CDC) has stated that the number of visits to physician offices, with diseases of the digestive system is increasing rapidly in Brazil. Also, with the increase in the government’s continuous effort to improve the health of people, the number of gastrointestinal surgeries is bound to rise, which, in turn, may improve the scope for minimally-invasive devices meant for gastrointestinal surgery in Brazil.

Brazil MIS-2

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Competitive Landscape

The market studied is moderately consolidated, owing to the presence of a few key players in the market. The companies are focusing on the technological advancement of devices, in order to gain significant market share. Some of the market players are Abbott Laboratories, GE Healthcare, Intuitive Surgical Inc., Koninklijke Philips NV, Medtronic Plc, Olympus Corporation, Siemens Healthineers, Smith & Nephew, Stryker Corporation, and Zimmer Biomet.

Major Players

  1. Medtronic Plc
  2. Olympus Corporation
  3. Siemens Healthcare GmbH
  4. Smith and Nephew
  5. Zimmer Biomet

* Complete list of players covered available in the table of contents below

Brazil MIS-3

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Higher Acceptance Rate of Minimally-invasive Surgeries over Traditional Surgeries

      2. 4.2.2 Increasing Prevalence of Lifestyle-related and Chronic Disorders

      3. 4.2.3 Technological Advancements

    3. 4.3 Market Restraints

      1. 4.3.1 Shortage of Experienced Professionals

      2. 4.3.2 Uncertain Regulatory Framework

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Products

      1. 5.1.1 Handheld Instruments

      2. 5.1.2 Guiding Devices

      3. 5.1.3 Electrosurgical Devices

      4. 5.1.4 Endoscopic and Laproscopic Devices

      5. 5.1.5 Monitoring and Visualization Devices

      6. 5.1.6 Ablation and Laser Based Devices

      7. 5.1.7 Others

    2. 5.2 By Application

      1. 5.2.1 Aesthetic

      2. 5.2.2 Cardiovascular

      3. 5.2.3 Gastrointestinal

      4. 5.2.4 Gynecological

      5. 5.2.5 Orthopedic

      6. 5.2.6 Urological

      7. 5.2.7 Other Applications

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Abbott Laboratories

      2. 6.1.2 GE Healthcare

      3. 6.1.3 Intuitive Surgical Inc.

      4. 6.1.4 Koninklijke Philips NV

      5. 6.1.5 Medtronic Plc

      6. 6.1.6 Olympus Corporation

      7. 6.1.7 Siemens Healthineers

      8. 6.1.8 Smith & Nephew

      9. 6.1.9 Zimmer Biomet

      10. 6.1.10 Stryker Corporation

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments

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