Brazil Telemedicine Market Analysis

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  • Report ID : 4553

  • Region: LATAM
  • Country: Brazil
  • Type: Service area

Brazil Telemedicine Market: Segmented by Service (Tele-consulting, Tele-monitoring, Tele-education/training) and by End User (Telehospital, Telehome)- Industry Analysis Report, Growth Potential, Competitive Market Share & Forecast, 2019 – 2028

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Report Overview

The telemedicine market size in Brazil touches around USD 190 million in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

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. The Covid-19 pandemic has also acted as a catalyst for increasing the use of telemedicine applications.

Market Drivers

Brazil’s increasing population is the major factor for growth of telemedicine market. The growing population increases the load on current healthcare services of the country which fuels the need for telemedicine. Similar is the case of Covid-19 pandemic, after which there has been an exponential growth in the market. Due to owing of government support by various initiatives, a huge growth is expected.

Technological advancements, increasing usage of smart gadgets, internet permeability, telehealth applications based on machine learning, and IoT are also some of the factors responsible for growth of the market.

1. Telemedicine Market Therapeutics Market Overview………………………………
A. Market Size
2. Market Growth Drivers………………………………………………………………….
A. Increasing population
B. Government initiative
C. COVID Guidelines in the country
3. Telemedicine use by Disease
A. Diabetes
B. Oncology
C. Chronic Disease
D. Mental Health
E. Others
4. Telemedicine Market Segmentation…………………………………
A. By Service
I. Tele-consulting
II. Tele-monitoring
III. Tele-education/training
B. By End user analysis
I. Tele-hospitals
II. Tele-homes
5. Major Products Market Share………………………………
A. Market Analysis, Insights and Forecast to 2028
6. Competitive Landscape…………………………………………………………………
A. Major Players
B. Company Market Position Analysis
7. Key Company Profiles…………………………………………………………………..
A. AMD Global telemedicine
B. Cisco systems Inc.
C. Doktor.se
8. Healthcare Policies and Regulatory Landscape……………………………………
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth…………………………………………………………
A. New Trends and Development of Telemedicine Market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Service:

Based on this classification we have teleradiology, telepathology, telecardiology, telepsychiatry, and telmatology, etc. Due to lack of healthcare facilities in the country in the Covid-19 times, and by government initiative to reduce the loads, tele consultation is generating a huge value for the company and for individuals. The country faces a lot of displacement challenges, which makes tele consultation more economical.

By End-user analysis:

According to WHO report, the elderly population of Brazil is estimated to touch 49 million by 2050, which means elderly population is a huge market in the country to fulfil. After the implementation of Family health strategy (FHS) the use of tele-homecare has tremendously increased in elderly population.

With the government initiative, to decrease this huge burden, the tele-health facility is also under a lot of new technological advancements but still behind in terms of tele-home. 

Major Players

AMD Global telemedicine, Cisco systems Inc., GE healthcare, and Honeywell lifesciences are some of the major players in the market. These players are more focused in improving technical offering and market penetration.

One such new development in market is the partnership of VivaBem with Sweden’s telemedicine provider Doktor.se, paving the way for other swiss companies to enter the market.

 

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.