The Brazilian respiratory devices market was anticipated to register a CAGR of 11.73%, during the forecast period. The major factors attributing to the growth of the Brazilian respiratory devices market are rise in the number of chronic obstructive pulmonary disease patients (COPD), TB, asthma, and pneumonia cases remains the major driver of the industry in the country. Chronic respiratory diseases are chronic diseases that affect the airways and other parts of the lungs.
In Brazil, chronic diseases, including chronic obstructive pulmonary disease (COPD), occupy the leading positions in morbidity and mortality. Smoking is also contributing in the growth of respiratory devices market. COPD is the most frequent cause of mortality as per the government sources. More than 37,000 people died in Brazil in 2015 as a result of COPD according to the Unified Public Health System's Mortality Information System. Chronic obstructive pulmonary disease (COPD) positions in Brazil as the sixth leading cause of death with a prevalence of 15.8%. The other factors helping the growth of the respiratory devices market are the increasing technological advancement in the country and growing funding from the government for the health sector is also fuelling the market growth during the forecast period.
Key Market Trends
Sleep Test Devices Segment is Expected to Grow Fastest in the Brazil Respiratory Deivces Market
Due to the rising development of portable devices, such as CleveMed's SleepView [home sleep monitor], which incorporates multiple tests (oximetry, location, and cardiovascular and respiratory studies), home sleep monitoring is anticipated to experience exponential growth. In fact, some of the sleep monitoring instruments can be leased which contributes to the growth of the market. These factors are expected to contribute to the growth of the market during the forecast period.
The Brazilian respiratory devices market is competitive and consists of several players. In terms of market share, few of the major players are currently dominating the market and some prominent players are vigorously making acquisitions and joint ventures with the other companies to consolidate their market positions in the country. Some of the companies which are currently dominating the market are Philips Healthcare, ResMed Inc., Medtronic plc, Masimo Corporation, and GE Healthcare.
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