Brazil: Medical Instruments Market 2024

Medical Instruments Market Size in Brazil

The Brazilian medical instruments market skyrocketed to $X in 2022, rising by 16% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Medical instruments consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Medical Instruments Exports

Exports from Brazil

In 2022, approx. X tons of instruments used in medical sciences were exported from Brazil; picking up by 67% on 2021. In general, exports continue to indicate a pronounced increase. The pace of growth appeared the most rapid in 2018 with an increase of 121%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, medical instruments exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for medical instruments exports from Brazil, with a 37% share of total exports. Moreover, medical instruments exports to the Netherlands exceeded the volume sent to the second major destination, the United States (X tons), fourfold. India (X tons) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at +45.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+6.0% per year) and India (+6.1% per year).

In value terms, the largest markets for medical instruments exported from Brazil were the Netherlands ($X), the United States ($X) and Mexico ($X), together comprising 47% of total exports. India, Colombia, Argentina, Pakistan, Bolivia, Chile, Panama, Paraguay, Uruguay and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 29%.

Taiwan (Chinese), with a CAGR of +25.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average medical instruments export price amounted to $X per ton, waning by -12.3% against the previous year. Over the period under review, the export price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 when the average export price increased by 141% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

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Medical Instruments Imports

Imports into Brazil

In 2022, imports of instruments used in medical sciences into Brazil surged to X tons, increasing by 26% on 2021. In general, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.8% against 2016 indices. The growth pace was the most rapid in 2017 when imports increased by 27%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, medical instruments imports surged to $X in 2022. The total import value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest medical instruments supplier to Brazil, accounting for a 61% share of total imports. Moreover, medical instruments imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), eightfold. The third position in this ranking was taken by the United States (X tons), with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.4% per year) and the United States (+2.2% per year).

In value terms, the United States ($X), China ($X) and Germany ($X) were the largest medical instruments suppliers to Brazil, with a combined 72% share of total imports. Japan, Mexico, Pakistan, India, Colombia, Egypt, Indonesia and Bangladesh lagged somewhat behind, together accounting for a further 11%.

Among the main suppliers, Indonesia, with a CAGR of +182.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average medical instruments import price stood at $X per ton in 2022, which is down by -8% against the previous year. In general, the import price recorded a deep reduction. The pace of growth appeared the most rapid in 2021 an increase of 19% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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