Brazil Ultrasound Devices Market Size

Brazil Ultrasound Devices Market Analysis

The Brazil Ultrasound Devices Market size is estimated at USD 176.66 million in 2023, and is expected to reach USD 235.97 million by 2028, growing at a CAGR of 5.96% during the forecast period.

The COVID-19 pandemic initially impacted the Brazil ultrasound devices market, with the decrease in the volume of ultrasound diagnoses that use ultrasound devices. For instance, according to a study published in the Health Policy and Technology in March 2023, the COVID-19 pandemic disrupted the diagnostic imaging examinations, including ultrasonography, in the Brazilian unified healthcare system. Although, in the post-pandemic period, the number of COVID-19 patients decreased in Brazil, which led to the resumption of the ultrasound diagnosis of non-COVID and non-urgent medical cases. Thus, the pandemic had a slight negative impact on the Brazil ultrasound devices market initially. However, the resumption of ultrasound diagnosis for other diseases enabled the market to grow at a normal pace with the increasing demand for ultrasound devices in Brazil.

The market is expected to grow with the increasing incidence of chronic diseases, improving healthcare infrastructure and programs. The country has a rising burden of chronic diseases, which is expected to create a higher demand for ultrasound devices to diagnose highly prevalent chronic diseases. For instance, according to a study published in Diabetology & Metabolic Syndrome in January 2022, one in every two one in two adults with Type 2 diabetes is associated with cardiovascular disease in Brazil. Also, as per the same source, the prevalence of all CVD subtypes was high in adults having the two diabetes-affected adults, except for carotid artery disease. Further, as per the data published by the International Agency for Research on Cancer (IARC) in 2023, the new cancer cases in Brazil are expected to increase in the coming years, with over 687 thousand cancer cases by 2025 to about 787 thousand cases by 2030. Thus, with such a high prevalence of chronic diseases, the demand for ultrasound devices will increase for the sonographic examination of these diseases, which will boost the market's growth in the coming years.

Furthermore, improving healthcare infrastructure and healthcare programs will increase the rate of diagnosis of patients, which will increase the volume of ultrasonography examinations in the country and bolster the demand for ultrasound devices in Brazil. For instance, in March 2023, Brazil's federal government launched its new Mais Médicos para o Brazil program, which will offer over 15,000 new vacancies in 2023, preferably to Brazilian physicians trained in Brazil, with the investment of BRL 712 million (USD 150.5 million) in 2023. Further, in October 2022, Rio de Janeiro launched a public consultation for a public-private partnership project to expand the Souza Aguiar hospital, with an investment of BRL 746 million reais (USD 145 million) in Brazil.

Therefore, owing to the rising burden of chronic diseases and the technological advancements in ultrasound devices, the studied market is anticipated to grow over the analysis period. However, strict regulations are likely to impede the market growth.