Market Trends of Brazil Respiratory Devices Industry
This section covers the major market trends shaping the Brazil Respiratory Devices Market according to our research experts:
Inhalers Expected to Grow Fastest During the Forecast Period
- An inhaler is a device that gets medicine directly into a person's lungs. The medicine is a mist or spray that the person breathes in. Inhalers are handheld devices used to deliver medication to the respiratory tract in chronic obstructive pulmonary disease (COPD) and asthma.
- The major factor that drives the market growth in the inhaler segment is the increasing prevalence of respiratory disorders, such as COPD, tuberculosis, asthma, and sleep apnea. The majority of respiratory diseases are caused by cigarette smoking. According to the OECD statistics, the percentage of the population aged 15+ years who smoke daily in Brazil was 9.1% in 2021. The significant usage of tobacco as cigarette smoking increases the risk of respiratory diseases like asthma and COPD. The increased risk of respiratory diseases may raise the demand for the proper management of diseases through inhalers, which are the major drug delivery device in the treatment of asthma and COPD.
- Thus the above factors are expected to contribute to the growth of the market through the segment over the forecast period.
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Capnograph Under Diagnostic and Monitoring Devices Expected to Have Significant Impact on the Market
- Capnography is monitoring the concentration or partial pressure of carbon dioxide in respiratory gases. Due to its advantages over other devices and the increasing burden of anesthesia and intensive care. One of the main advantages is that it can provide early detection of apnea and hypoxemia, whereas other methods, like CO2 insufflation, causes lower periprocedural discomfort.
- Furthermore, the report published by SciELO in September 2022 stated that monitoring ventilatory parameters and spotting respiratory problems during a colonoscopy is possible with volumetric capnography. Volumetric capnography (VCap) is regarded as a mainstream modality of capnography because it detects CO2 directly from the alveoli and reflects ventilation in real-time, which is distinct from and superior to sidestream capnography. Hence the utilization of new techniques within capnography helps physicians to get real-time results during clinical procedures.
- Moreover, the key market players in the region are entering into new growth strategies in the business that helps to achieve the specific business segment to grow and help the market over the forecast period. For instance, in October 2022, Medtronic published its intention to pursue a separation of the company's combined patient monitoring and respiratory interventions businesses (NewCo). The respiratory interventions technology portfolio includes Puritan Bennett ventilators, Shiley airway portfolio, McGrath MAC video laryngoscopy, DAR breathing systems, as well as PAV+, NIV+, and IE Sync ventilation software solutions designed to improve workflow and care delivery. This will give NewCo a leadership position, attractive margins, and the potential for growth acceleration which is expected to drive the respiratory devices market globally and regionally, especially in Brazil.
- Thus, owing to the abovementioned factors, the market is expected to project growth through this segment over the forecast period.
