Brazil Orthopedic Devices Market Size & Outlook, 2023-2030
Brazil Orthopedic Devices Market, 2018-2030 (US$M)
Global Market
Related Markets
Brazil orthopedic devices market highlights
- The Brazil orthopedic devices market generated a revenue of USD 1,537.7 million in 2023 and is expected to reach USD 2,179.0 million by 2030.
- The Brazil market is expected to grow at a CAGR of 5.1% from 2024 to 2030.
- In terms of segment, joint replacement/ orthopedic implants was the largest revenue generating product in 2023.
- Orthobiologics is the most lucrative product segment registering the fastest growth during the forecast period.
Orthopedic devices market data book summary
| Market revenue in 2023 | USD 1,537.7 million |
| Market revenue in 2030 | USD 2,179.0 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Joint replacement/ orthopedic implants |
| Fastest growing segment | Orthobiologics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Joint Replacement/ Orthopedic Implants, Trauma, Sports Medicine, Orthobiologics |
| Key market players worldwide | Medtronic PLC, Stryker Corp, Zimmer Biomet Holdings Inc, DePuy Synthes, Smith & Nephew PLC, Aesculap, Conmed Corp, NuVasive, Enovis Corp |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.5% of the global orthopedic devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Mexico orthopedic devices market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 2,369.0 million by 2030.
Another study published in MOJ Sports Medicine in 2019, which analyzed prevalence of musculoskeletal injuries in professional soccer athletes in Brazil, reported that the most prevalent injury was muscle strain with 27.59% prevalence, sprain & myalgia both had 13.79% prevalence, and contusion & rupture had 10.34% prevalence, contributing to a high prevalence of orthopedic injures in the sport.
The prevalence of osteoporosis is also quite high among the population in the country, a study published in SciELO stated the overall prevalence of osteoporosis in Brazil is in the range of 6% to 33%. Brazil is a country with massive racial mixing and heterogeneous regional distribution, which leads to higher risk of fractures and other osteoporosis-related risk factors.
The state of medical facilities present in the country is currently not very good, but continuous improvement and increase in healthcare spending have created a potential market in the country.
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Orthopedic Devices Market Scope
Orthopedic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Medtronic PLC | View profile | 95,000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | www.medtronic.com |
| Stryker Corp | View profile | 52,000 | 1941 Stryker Way, Portage, MI, United States, 49002 | www.stryker.com |
| Zimmer Biomet Holdings Inc | View profile | 18,000 | 345 East Main Street, Warsaw, IN, United States, 46580 | www.zimmerbiomet.com |
| DePuy Synthes | View profile | 5001-10000 | Raynham, Massachusetts, United States, North America | depuysynthes.com |
| NuVasive | View profile | 1001-5000 | San Diego, California, United States, North America | www.nuvasive.com |
| Smith & Nephew PLC | View profile | 18,452 | Hatters Lane, Building 5, Croxley Park, Watford, Hertfordshire, United Kingdom, WD18 8YE | www.smith-nephew.com |
| Conmed Corp | View profile | 4,000 | 11311 Concept Boulevard, Largo, FL, United States, 33773 | www.conmed.com |
| Enovis Corp | View profile | 6,550 | 2711 Centerville Road, Suite 400, Wilmington, DE, United States, 19808 | www.enovis.com |
| Aesculap | View profile | 251-500 | Kelayres, Pennsylvania, United States, North America | www.aesculapusa.com |
Brazil Orthopedic Devices Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Orthopedic Devices Market Outlook will help companies and investors design strategic landscapes.
Joint Replacement/ Orthopedic Implants was the largest segment with a revenue share of 40.91% in 2023.
Horizon Databook has segmented the Brazil orthopedic devices market based on joint replacement/ orthopedic implants, trauma, sports medicine, orthobiologics covering the revenue growth of each sub-segment from 2018 to 2030.
Another study published in MOJ Sports Medicine in 2019, which analyzed prevalence of musculoskeletal injuries in professional soccer athletes in Brazil, reported that the most prevalent injury was muscle strain with 27.59% prevalence, sprain & myalgia both had 13.79% prevalence, and contusion & rupture had 10.34% prevalence, contributing to a high prevalence of orthopedic injures in the sport.
The prevalence of osteoporosis is also quite high among the population in the country, a study published in SciELO stated the overall prevalence of osteoporosis in Brazil is in the range of 6% to 33%. Brazil is a country with massive racial mixing and heterogeneous regional distribution, which leads to higher risk of fractures and other osteoporosis-related risk factors.
The state of medical facilities present in the country is currently not very good, but continuous improvement and increase in healthcare spending have created a potential market in the country.
- Brazil Orthopedic Devices Market Product Outlook (Revenue, USD Million , 2018-2030)
- Joint Replacement/ Orthopedic Implants
- Trauma
- Sports Medicine
- Orthobiologics
- Others
- Brazil Orthopedic Devices Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Hospitals
- Outpatient Facilities
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil Orthopedic Devices Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Brazil Orthopedic Devices Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Brazil Orthopedic Devices Market, 2018-2030 (US$M)
Brazil orthopedic devices market statistics, by product, 2018-2030 (US$M)
