Brazil medical equipment market has great potential

In recent10 years, the population of Brazil in South America has developed rapidly which makes it more and more concerned about the people's livelihood, strengthen the construction of medical facilities, improve medical standards. However, the weak foundation of the medical device industry, the high degree of dependence on imports of medical equipment products. Although the Brazilian population is only 1/6 India, Brazil medical equipment imports and imports more than India, 2011, Brazilian imports of medical equipment amounted to approximately $ 3 billion, which indicates that the Brazilian Government investment in national health costs to be excellent in India.

In recent years, Brazil medical equipment industrial output value CAGR of only 6.1%, far lower than in China and India. In 2011, the Brazilian medical equipment industrial output value is only 2.87 billion riyals (U.S. $ 1.4 billion), its domestic total sales of the medical device market is as high as $ 4.5 billion of its domestic medical equipment market, which means that imports of medical equipment products / 3 share. Brazil also part of the medical products exported to South American countries, medical equipment exports over five hundred million U.S. dollars in 2011.

Brazilian policy of universal free medical care, rural hospitals also have a very good medical equipment and medical equipment. According to Western media reports, in 2011, Brazil's per capita medical equipment costs about $ 21, is more than twice that of China, in the world rankings in bits.

The Brazilian government to implement a system of registration and certification of medical products in Europe, the United States, and that those who comply with the U.S. Food and Drug Administration (FDA) Drug Master Files (DMF) standard or European Certification of Suitability (COS) standard imported products are easily able to listed in Brazil; otherwise, the medical products exported to Brazil to go through the tedious formalities.

Western economists in the analysis in the report, with Asia's two veteran medical device producing countries - Japan, China compared to the medical device industry in Brazil is still in its infancy. Overall, the medical device industry in Brazil belong to the rapid development of emerging industries, the medical devices market in Brazil will become the market of medical devices producing countries PMA.

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