With more than 6,400 hospitals, Brazil is\nLatin America\u2019s largest hospital market, dwarfing the #2 market (Mexico, with\n3,371 hospitals). Although hard-hit by the COVID crisis, in 2020 Brazil did not\nseem to post the surprising strong growth observed in Mexico, Chile and\nArgentina.<\/p>\n\n\n\n
That said, given the size of the market\nand historical trends, Brazil\u2019s 2020 growth was generally solid. In analyzing\nthe final numbers on equipment counts that Global Health Intelligence (GHI)\ntracks for the HospiScope database, in 2020 Brazil boasted significant growth in\ndifferent types of basic equipment:<\/p>\n\n\n\n
The growth in ventilator count can be explained by the urgent needs arising out of the COVID-19 pandemic (13.9 million cases and more than 375,000 deaths as of mid-April 2021). <\/p>\n\n\n\n
Certain categories of specialized\nequipment (detailed below) posted growth of the installed base amidst the\npandemic, indicating that certain institutions still went ahead with their\ncapital equipment expansion despite the uncertainty that loomed within the\nhealthcare system.<\/p>\n\n\n\n
So will this relatively modest growth\ncontinue \u2014 or will we see even better (or worse?!) numbers in the near future? HospiRank\n2020<\/em> report features growth projections for both basic and specialized\nmedical equipment in Brazil through 2023. Here is a look at what to expect with\nthe categories that posted increases in 2020, starting with basic equipment:<\/p>\n\n\n\n For these types of basic equipment,\nforecasted growth is significantly stronger than the increases observed in\n2020, indicating a recuperation of the industry will occur before year-end 2021.<\/p>\n\n\n\n With specialized medical equipment, the\nCAGR through 2023 is modest and similar to the increases noted in 2020 \u2014 a\nresult of the fiscal contraction and financial challenges associated with\nfinancing capital-intensive equipment: <\/p>\n\n\n\n Contact us for a deeper dive into the medical equipment market in Brazil. <\/a>HospiScope<\/a> will reveal growth\/contraction for dozens more types of equipment, along with the specific hospitals that are acquiring the most equipment. ShareScope<\/a> can allow you to understand which companies have the highest market share in different areas, while SurgiScope<\/a> allows you to gauge market demand by knowing which surgical procedures are the most popular. In-Scope<\/a> can help you go deeper into Brazil or other markets to understand the specific demand drivers through a customized study. This can allow you to plan your strategy in Brazil even more effectively.<\/p>\n\n\n\nGoing further<\/h2>\n\n\n\n