Brazil Telemedicine Market Analysis


  • Type: Service area
  • Published : February 2022
  • Region: LATAM
  • Country: Brazil
  • Report ID : 5085

  • Format: PPT, PDF

Brazil Telemedicine Market Analysis: Segmented by Component, Application, Delivery Mode – Growth, Market Size, Future Prospects & Competitive Analysis, 2020 – 2028

SKU: 5085 Categories: ,

Report Description of the Brazil Telemedicine Market Analysis

Research Scope and Assumption

  • The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)
  • The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis
  • We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses
  • All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis
  • Inflation has not been accounted for in order to estimate and forecast the market
  • Numbers may not add up due to rounding off

Reason to buy the report:

  • Facilitate decision-making based on strong current and forecast data for Brazil Telemedicine Market Analysis
  • Develop strategies based on the latest regulatory framework
  • Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
  • Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the Brazil Telemedicine  Market  Analysis
  • Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • We have technically sound team which do a deep dive research and also provide strategy based consulting analysis

Brazil Telemedicine Market Analysis Executive Summary

Telemedicine is strongly focused on teleradiology in Brazil, which represents over 98% of the market segment revenue. Other telemedicine applications encompass real-time solutions such as specialist consultation and distance learning/education. MHealth is a promising market with a broad range of applications including delivery through telemedicine. Nevertheless, it encounters several barriers to realizing the market potential. From wearables to apps, vital signs remote monitoring and chronic disease management, mHealth is constantly transforming the entire ecosystem with new value proposition and solutions. Digital health in Brazil offers huge opportunity given that industry convergence is transforming how care is delivered via the intersection between the healthcare and ICT industries.

Brazil is attracting numerous telemedicine projects due to governmental healthcare initiatives targeting low-income groups. In a country like Brazil, where there’s a huge social gap in the society, telemedicine is an effective option to reduce such gaps. This technology allows patients to save hours, reduce cost, minimize errors and get quality treatment even in the smallest of cities.

Market Size and Key Findings

The Brazil Telemedicine Market Analysis size stood at around USD xx billion in 2020 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

Market Dynamics

Market Growth Drivers Analysis

In Brazil, the increasing population is one of the factors responsible for the growth of telemedicine market. The growing incidences of chronic diseases and conditions are accelerating demand of the market. Developing the telemedicine market have made healthcare facilities accessible and affordable to everyone. These factors are propelling the demand for the market. Creating awareness among people and advancement in information and communication technology day by day are accelerating demand for the market.

Market Restraints

A shortage of surgeons, especially in this region is a crucial factor for the demand of the telemedicine market. Good healthcare infrastructure needs to establish.

Covid-19 Market Impact Analysis

The Covid-19 pandemic has also acted as a catalyst for increasing the use of telemedicine applications. In the case of Covid-19 pandemic, after which there has been an exponential growth in the market.

Competitive Landscape

Key Players

Some of the major industry players involved in telemedicine market include Medisoft Telemedicine, Ge Healthcare, Haemonetics Corp., AMD Global Telemedicine Inc., Philips Healthcare, Cloudvisit Telemedicine, Reach Health companies.

Products in Pipeline

  • Health care entities (HCE) are testing and tasting telemedicine. The experience has been widely acclaimed and may become the new reality, mainly for health care centers and entities. Remote second opinions, peer-to-peer liaisons, market survey, I.A. Private HCEs are abundant in Brazil and so is their need to adapt to the post-COVID19 era.

Notable Recent Deals

  • On March 31, 2020, the Brazilian Senate approved Bill 696, which regulates the use of telehealth during the COVID-19 public health emergency. The Bill broadly defines telehealth as “the exercise of medicine facilitated by technology for assistance, research, disease and injury prevention, as well as for health promotion”.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

In Brazil, a number of initiatives related to the development process of telemedicine are taking place. In terms of governmental policies, the Brazil Telehealth Program (Programa Telessaúde Brasil), the National Teaching and Research Network (Rede Nacional de Ensino e Pesquisas – RNP), and the Telemedicine University Network (Rede Universitária de Telemedicine – RUTE) are the most important ones.

With the COVID-19 public health emergency, CFM (Conselho Federal de Medicina) and the Ministry of Health understood that CFM Resolution 1643 was insufficient to regulate telehealth in Brazil. In response, CFM recognized (as an exceptional measure, and only during the COVID-19 public health emergency) teleorientation, telemonitoring and teleinterconsultation services. Similarly, the Ministry published Ordinance 467 which, also as an exceptional and temporary measure, allows for telehealth pre-clinical care, assistance, support, consultation, monitoring and diagnosis in Brazil’s Unified Health System, as well as by supplementary and private health care providers.

As the supplementary rules on telehealth in Brazil were not adjusted, foreign physicians and companies seeking to provide telehealth services (“Services”) in Brazil must still obtain certain permits and licenses. This requirement poses an obstacle to foreign companies, medical institutions and physicians, unless they partner-up with a national company in possession of such licenses.

1. Report Description of the Brazil Telemedicine Market Analysis
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report
2. Brazil Telemedicine Market Analysis Executive Summary
2.1 Brazil Telemedicine Market Analysis – Industry Snapshot & key buying criteria, 2020-2028
2.2 Market Size, Growth Prospects and Key findings
3. Market Dynamics of Brazil Telemedicine Market Analysis
3.1 Market Growth Drivers Analysis
3.1.1 Brazil’s increasing population
3.1.2 Creating awareness among people
3.2 Market Restraints Analysis
3.2.1 Shortage of surgeons
3.3 Covid-19 Market Impact Analysis
4. Brazil Telemedicine Market Segmentation
4.1 By Component:
4.1.1 Services
4.1.2 Software
4.1.3 Hardware
4.2 By Application:
4.2.1 Teleconsultation
4.2.2 Teleradiology
4.2.3 Telecardiology
4.2.4 Telepathology
4.2.5 Teledermatology
4.2.6 Other Applications
4.3 By Delivery Mode:
4.3.1 On-Premise
4.3.2 Web-Based
4.3.3 Cloud-Based
5. Brazil Telemedicine Market Share
5.1 Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape
6.1 Major Top Market Players
6.2 Products in Pipeline
6.3 R&D Initiatives Telemedicine Market
6.4 Notable recent deals in Telemedicine Market
6.4.1 Joint Ventures
6.4.2 Partnerships
6.4.3 Mergers & Acquisitions
6.4.4 Strategic divestments
7. Key Company Profiles
7.1 Medisoft Telemedicine Pvt. Ltd. Company overview
Product & Services, Strategies & Financials
7.2 Ge Healthcare Company overview
Product & Services, Strategies & Financials
7.3 Haemonetics Corp. Company overview
Product & Services, Strategies & Financials
7.4 AMD Global Telemedicine Inc. Company overview
Product & Services, Strategies & Financials
7.5 Philips Healthcare Company overview
Product & Services, Strategies & Financials
7.6 Reach Health Company overview
Product & Services, Strategies & Financials
7.7 Cloudvisit Telemedicine Company overview
Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape
8.1 Policy changes and Reimbursement scenario
8.2 Government Initiatives / Intervention programs
9. Factors Driving Future Growth
9.1 New Trends and Development of Telemedicine market
9.2 Future Opportunities
10. Strategic Recommendations

Brazil Telemedicine Market Analysis Segmentation

By Component:

On the basis of component, the Brazilian telemedicine market is divided into services, software, and hardware. The services segment accounted for the largest share of the telemedicine market. Factors such as rising adoption of remote monitoring solutions and technological advancements in telecommunications are contributing to the growth of this segment.

By Application:

On the basis of application, the Brazilian telemedicine market is segmented into teleconsultation, teleradiology, telecardiology, telepathology, teledermatology, and other applications. The teleconsultation segment accounted for the largest share.

By Delivery Mode:

On the basis of deployment mode, the Brazilian telemedicine system market is categorized into three segments, namely, on-premise, web-based, and cloud-based. The web-based segment accounted for the largest share of the telemedicine delivery mode market. Factors such as huge customer base and remote data accessibility are driving the growth of this segment.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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