Brazil Ultrasound Devices Market Size & Outlook, 2023-2030
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Brazil ultrasound devices market highlights
- The Brazil ultrasound devices market generated a revenue of USD 311.5 million in 2023 and is expected to reach USD 424.3 million by 2030.
- The Brazil market is expected to grow at a CAGR of 4.5% from 2024 to 2030.
- In terms of segment, diagnostic ultrasound devices was the largest revenue generating product in 2023.
- Therapeutic Ultrasound Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Ultrasound devices market data book summary
| Market revenue in 2023 | USD 311.5 million |
| Market revenue in 2030 | USD 424.3 million |
| Growth rate | 4.5% (CAGR from 2024 to 2030) |
| Largest segment | Diagnostic ultrasound devices |
| Fastest growing segment | Therapeutic Ultrasound Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostic Ultrasound Devices, Therapeutic Ultrasound Devices |
| Key market players worldwide | Koninklijke Philips NV, GE HealthCare Technologies Inc Common Stock, Siemens Healthineers AG ADR, Canon Inc, Mindray Medical International, Samsung BioLogics, FUJIFILM Holdings Corp, Konica Minolta Inc, Esaote |
Other key industry trends
- In terms of revenue, Brazil accounted for 3.2% of the global ultrasound devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil ultrasound devices market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 424.3 million by 2030.
Diagnostic ultrasound devices was the largest segment with a revenue share of 83.43% in 2023. Horizon Databook has segmented the Brazil ultrasound devices market based on diagnostic ultrasound devices, therapeutic ultrasound devices covering the revenue growth of each sub-segment from 2018 to 2030.
The Brazilian market is estimated to grow during the forecast period owing to the increase in the number of healthcare reforms and overall expenditure. In addition, several U.S. hospitals are affiliated with Brazilian hospitals for telemedicine, education, and second-opinion programs.
Thus, an increase in demand for better healthcare facilities is anticipated to boost market growth. The demand for advanced devices and other applications for chronic disorders in Brazil is high. People in Brazil consider the use of devices manufactured in the U.S., Europe, and Canada for the medical imaging.
However, they prefer domestic applications because of low costs. Manufacturing costs in Brazil are lower than those in developed countries, which is attracting several market players for investment in the country.
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Ultrasound Devices Market Scope
Ultrasound Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Samsung BioLogics | View profile | 1001-5000 | Incheon, Inch'on-jikhalsi, South Korea, Asia | https://www.samsungbiologics.com/ |
| Konica Minolta Inc | View profile | 39759 | JP Tower, 2-7-2 Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-7015 | http://www.konicaminolta.com |
| Mindray Medical International | View profile | 5001-10000 | Nanshan, Hunan, China, Asia | https://www.mindray.com |
| Esaote | View profile | - | - | |
| FUJIFILM Holdings Corp | View profile | 83784 | 7-3, Akasaka 9-chome, Minato-ku, Tokyo, Japan, 107-0052 | http://www.fujifilmholdings.com |
| Canon Inc | View profile | 169151 | 30-2, Shimomaruko 3-Chome, Ohta-ku, Tokyo, Japan, 146-8501 | https://www.global.canon |
| Siemens Healthineers AG ADR | View profile | 71400 | Siemensstr. 3, Forchheim, BY, Germany, 91301 | https://www.siemens-healthineers.com |
| Koninklijke Philips NV | View profile | 73712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | https://www.philips.com |
| GE HealthCare Technologies Inc Common Stock | View profile | 51000 | 500 West Monroe Street, Chicago, IL, United States, 60661 | https://www.gehealthcare.com |
Brazil Diagnostic Ultrasound Devices - Ultrasound Devices Market size, 2023 - 2030 (US$M)
Brazil Ultrasound Devices Market Outlook Share, 2023 & 2030 (US$M)
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