Brazil General Surgical Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Brazil General Surgical Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Brazil general surgical devices market is expected to register a CAGR of 6.2% over the forecast period, (2022-2027).

The COVID-19 pandemic has affected healthcare systems worldwide. In order to prioritize emergencies and lower the risk of spreading the SARS-CoV-2 virus, elective procedures, including cancer surgeries, were postponed in the majority of hospitals. For instance, the report titled "Oncological surgeries in Brazil during the COVID-19 pandemic: an epidemiological, cross-sectional, descriptive study" published in July 2022, 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. Hence the demand for general surgical devices used during oncological surgeries had negatively impacted during the COVID-19 pandemic. Also, according to the report titled "Brazil's health system functionality amidst of the COVID-19 pandemic: An analysis of resilience" published in June 2022, there was a large drop in high complexity surgeries (-27.9%), transplants (-44.7%), low and medium complexity surgeries (-59.7%) in 2020. The decrease in the number of surgeries has created less demand for general surgical devices. Thus the Brazil general surgical devices market has negatively impacted by COVID-19 pandemic.

The major factors contributing to the growth of the general surgical devices market include rising minimally invasive surgical procedures and technological advancements in the devices. In general minimally invasive surgeries are used to diagnose and/or treat many cancers, appendicitis or gallbladder problems, hip and knee replacements, hiatal hernia repair, some heart surgeries, lung surgeries, and weight loss surgeries. For instance, as per the report published by the International Society of Aesthetic Plastic Surgery, in 2020, 1,306,962 surgical cosmetic procedures were performed in Brazil out of which 173,420 are liposuction procedures making up 11.4% of the total liposuction procedures worldwide. These large number of minimally invasive procedures increase the demand of general surgical devices in Brazil which drives the growth of the market during the study period.

However, the high cost of procedures and stringent regulations are expected to restrain the growth of the market during the forecast period.

Key Market TrendsHandheld Device is Expected to Dominate the General Surgical Devices Market During the Forecast Period

Handheld devices are expected to register high growth, as they are widely used in surgical procedures. The number of minimally invasive surgical procedures is rising each year, and this is helping the market to grow. The development of advanced devices, like robotic handheld surgical devices for laparoscopic interventions, enhances a surgeon’s dexterity.

For Instance, in November 2021, CMR Surgical (CMR) a global surgical robotics business received regulatory approval for the Versius Surgical Robotic System from the Brazilian Health Regulatory Agency, Anvisa. Versius has been designed to enable surgeons to perform more minimal access surgery so that more patients can have access to the highest quality of surgical care. Furthermore, according to the International Society of Aesthetic Plastic Surgery, 2020 report, 112,186 abdominoplasties were performed which is 8.6% of total surgical procedures in the world.

Thus, all the aforementioned factors, such as rising minimally invasive surgical procedures coupled with the product launch, boost the market in this segment.

Competitive Landscape

The Brazil general surgical devices market is fragmented in nature due to the presence of several companies operating in the country. The major players include B. Braun SE, Boston Scientific Corporation, Johnson & Johnson Services, Inc, Getinge AB, Medtronic, Olympus Corporation, Stryker, Ovesco Endoscopy AG, BMR Medical, and Biocardio Comércio e Representações Ltda. The players operating in the market focus on introducing new products to address the changing need of the patients.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.