Brazil's ENT Devices Market is projected to grow from $580 Mn in 2022 to $980 Mn by 2030, registering a CAGR of 6.8% during the forecast period of 2022-30. The rising prevalence of ENT disorders, such as hearing loss, sinusitis, and tonsillitis, is a major driver of the ENT device market. The market is highly competitive, with a large number of players operating in the space, ranging from small, specialized companies to large multinational corporations. The domestic key players in the Brazil ENT devices market include KOLPLAST, Newmed, and Soniclease.
Brazil's ENT Devices Market is projected to grow from $580 Mn in 2022 to $980 Mn by 2030, registering a CAGR of 6.8% during the forecast period of 2022-30.
Brazil is an upper middle-income, developing and the largest country in South America bounded by the Atlantic Ocean. In 2022, there will be roughly 8,000 licensed otolaryngologists in Brazil, a nearly 13 % increase from 2020. This figure has been increasing since 2013 when there were approximately 4.9 thousand doctors in this medical sector. As the Brazilian healthcare system develops and more people have access to healthcare services, there is room for growth in the industry. Brazil’s government spent 10.3 % of its GDP on healthcare in 2020.
Market Growth Drivers Analysis
The prevalence of ENT-related illnesses is rising. The Brazilian Institute of Geography and Statistics (IBGE) estimates that roughly 5.7 % of the Brazilian population suffers from some sort of hearing loss. The Brazilian Ministry of Health offers free cochlear implants to qualified patients through the Brazilian Unified Health System (SUS), however waiting lists can be lengthy, and the number of implants available each year is limited. These aspects could boost Brazil's ENT Devices Market.
Market restrains.
Cochlear implants are also utilised in Brazil, but the rate of adoption is modest in comparison to other nations. Only a small %age of people with deafness use hearing aids, with estimates indicating that less than 10% of those who could benefit from hearing aids actually use them. The cost of hearing aids, which can be prohibitively expensive for many Brazilians, is one of the reasons behind this poor use rate. Overall, considerations such as cost and availability of healthcare services limit the use of ENT devices in Brazil. These factors may deter new entrants into the Brazil ENT Devices Market.
Key Players
September 2022: In Brazil, the new Resolution of Anvisa's Collegiate Board of Directors provides for risk classification, notification, and registration regimes, as well as labeling requirements and usage instructions for medical devices, to update rules that were previously insufficiently applicable to the matter through the now replaced Anvisa's Resolution.
In Brazil, ENT (Ear, Nose, and Throat) devices are regulated by the National Health Surveillance Agency (ANVISA), which is responsible for ensuring the safety, efficacy, and quality of medical devices marketed in Brazil. About reimbursement, the Brazilian Unified Health System (SUS) provides free healthcare services to all Brazilian citizens, including access to medical devices for certain conditions. The SUS covers a wide range of medical devices, including hearing aids and cochlear implants, although the availability of these devices can be limited due to the high demand and limited resources of the healthcare system.
1. Executive Summary
1.1 Device Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Regulatory Landscape for Medical Device
1.6 Health Insurance Coverage in Country
1.7 Type of Medical Device
1.8 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
The ENT Device Market is segmented as mentioned below:
By Product Type (Revenue, USD Billion):
By Diagnostic Devices (Revenue, USD Billion):
By Surgical Device (Revenue, USD Billion):
By End Users (Revenue, USD Billion):
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