Brazil Diagnostic Labs Market is Driven by Rising Number of Chronic and Lifestyle disease patients and Growing Per Capita Health Expenditure: Ken Research

“Growing Number of insured patients with the rising significance of affordable healthcare facilities has driven the Diagnostic Labs a sector in Brazil”

Growing Consolidation of Independent Labs into Diagnostic Groups: Major players in the diagnostic lab market focuses on the expansion of Patient Service Centers in terms of Service Units in the country. Consolidation in terms of Number of Brands has become a major competing parameter and a strategic growth driver for all the diagnostic group players. For instance, these diagnostic groups look forward to acquiring more number of independent laboratories in order to enhance the inorganic growth of the company. Hence, it has improved access to Brazilians with a strong brand presence in almost every region in the country.

Rising Number of Lifestyle and Chronic Diseases: Lifestyle-related changes have resulted in a growing number of visits of patients to hospitals and clinics with cardiac disorders, diabetes, hypertension and some life-threatening diseases like cancer. This has led to positive growth in the sector such as clinical and diagnostic imaging laboratories. The increasing number of patient visits led to more number of clinical and radiology exam recommendations and consultations. Moreover, newer technologies that are coming with predictive analytics have helped in assessing disease penetration and a faster decision making process for end-users like hospitals and diagnostic labs.

Growing Government Healthcare Expenditure: Per Capita healthcare expenditure in Brazil is increasing with the prevailing number of chronic diseases. It was recorded at USD 1,093.6 in 2018. The government is investing continuously in new initiatives in order to improve the penetration of healthcare services in remote areas. Thus, the population in Brazil is focusing on spending more on new and upgraded technologies. This has increased the revenue of clinical laboratories markets as up-gradation of the latest technology that is largely in demand by Brazilians is now being installed at various healthcare facilities.

Analysts at Ken Research in their latest publication Brazil Diagnostic Labs Market Outlook to 2025 – by Type of Labs (Single Independent and Chains), By Application (Clinical Analysis and Radiology), By Region(South-East, South, North-East, Mid-West, and North), By Revenue Source (Healthcare Plan Operators and Insurers, Out-of-Pocket and Public System)” observed that Diagnostic Labs Market in Brazil is in its growth stage and it can be further expanded through increasing penetration of medical insurance, rising per capita healthcare expenditure and growing artificial intelligence in equipment technologies. The market is expected to register a positive CAGR of 6.7% in terms of revenue during the forecast period 2019P-2025F.

Key Segments Covered:-

By Type of Labs

Single Independent

Chains

By Application

Radiology

MRI

CT scan

Ultrasound

X-Ray

Others

Clinical Analysis

Routine

Specialized

By Region

South-East

South

North-East

Mid-West

North

By Revenue Source

Healthcare Plan Operators and Insurers

Out-of-Pocket

Public System

Key Target Audience

Medical Device Manufacturers

Medical Device Distributors

Public and Private Hospitals

Medical Device Importers

Diagnostic Lab Players

Government Associations

Diagnostic Imaging Device Companies

Time Period Captured in the Report:

Historical Period: 2013- 2019P

Forecast Period: 2020 – 2025

Companies Covered:

Albert Einstein Medicina Diagnostica

Alliar Medicos a Frente

Boris Berenstein

BP Medicina Diagnostica

Cedi

Cepem

CETAC

Clinica da Imagem do Tocantins

Clinica Imagem

Cura

DASA

DB Diagnosticos do Brasil

DMS Burnier

Grupo Fleury

HCOR

Hermes Pardini

Hospital Sirio-Libanes

Lab Rede

Omnimagem

Sabin Medicina Diagnostica

Senne Liquor Diagnostico

Sidi

Sir Radiologia

Key Topics Covered in the Report:-

Brazil Medical Device Market Distributors

Brazil Diagnostic Imaging Device Companies

Brazil Medical Device Market Manufacturers

DASA Group Net Revenue in USD Million

Fleury Group Gross Revenue in Percentage in 2018

Alliar Imaging Brazil Growth Rate in USD Million

Brazil Point-Of-Care Testing devices Manufacturers

POCT Market in Latin America

Brazil Diagnostic Imaging Market

Brazil Pathology Tests Market

Brazil Ultrasound Market Share

Brazil X-Ray and CT scan Market

For More Information on the research report, refer to below link:-

Brazil Diagnostic Labs Industry

Related Reports by Ken Research:-

Indonesia Clinical Laboratory Market Outlook to 2022 – By Type (Public Clinical Lab, Private Hospital Labs, and Private Independent Labs), By Type of Test (Routine, Non-Laboratory and Esoteric)

India POCT Market Outlook to 2023 – By Major Devices (Blood Glucose Testing Kits, Infectious Disease Testing Kits, Blood Gas Electrolytes, Pregnancy, and Fertility Testing Kits, Cardio-Metabolic Monitoring, Anticoagulant Management, Cholesterol Testing Kits, and Others), By End Users (Hospitals & Clinics, Consumers/ Individuals, Diagnostic Labs, Home Healthcare and Others), By Distribution Channel (Distributors and Direct Sales), By Consumables and Instruments and By Region

Brazil Medical Device Market Outlook to 2025 – by Type of Device (Reagent for In-Vitro Diagnostics, Materials and Supplies, Laboratory Equipment and Others), Type of Business Activity (Import and Local Production), Channel of Sales (Distributor and Direct), Type of End User (Hospital, Clinics, and Diagnostic Lab Centers and Others) and By Region (South-East, South, North-East, Mid-West, and North)

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s