Brazil Ultrasound Devices Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

Brazil Ultrasound Devices Market Analysis

The Brazil Ultrasound Devices Market size is estimated at USD 176.66 million in 2023, and is expected to reach USD 235.97 million by 2028, growing at a CAGR of 5.96% during the forecast period (2023-2028).

During the pandemic, the number of disease diagnoses and identifications due to screening tests decreased in Brazil. As stated by the 2020 report from Brazilian National Health Agency, the outpatient visits were reduced, and procedures, tests, and elective surgeries were suspended as part of the lockdown in the country. These activities mostly impacted cancer patients, as the time required for screenings, diagnosis, and treatment initiation hurt outcomes. This has a significant impact on screening services throughout Brazil. According to the study title 'The challenges imposed by COVID-19 on the management of diagnostic centers,' a scenario similar to that seen in the United States has been reported in Brazil, with reports of significant drops in demand for diagnostic imaging services across the country, reaching a 56.4-63.7 % reduction among inpatients, according to a study published in the Journal of the American College of Radiology in August of 2020. Therefore, it is observed that COVID-19 had a significant impact on the market studied.

The major factors contributing to the growth of the market include the rising prevalence of breast cancer, the increasing number of screening programs as well as rising number of conferences and symposiums focusing on spreading awareness about the benefits of early screening and diagnosis. Furthermore, technological advancements in ultrasound devices, the launch of new products by key regional companies, and the approval of new and improved technologies that are effective in the diagnosis and detection of various diseases will all contribute to the country's market growth. For instance, in September 2020, Intel and Samsung Medison collaborated on new smart workflow solutions. The Intel Distribution of OpenVINO toolkit and OpenCV toolkit, Samsung Medison's BiometryAssist automates and simplifies fetal measurements. BiometryAssist is already available in several countries such as Brazil, the United States, Korea, and others.

Hence, owing to the above-mentioned factors, the market studied is expected to witness high growth over the forecast period in Brazil.

Brazil Ultrasound Devices Market Trends

This section covers the major market trends shaping the Brazil Ultrasound Devices Market according to our research experts:

Radiology is Expected to Witness Healthy Growth in Coming Years

Brazil Ultrasound Devices Industry Segmentation

As per the scope of the report, a diagnostic ultrasound, also known as sonography, is an imaging technique that uses high-frequency sound waves to produce images of the different structures inside the body. They are being utilized for the assessment of various conditions in the kidney, liver, and other abdominal conditions. They are also majorly used in chronic diseases, which include health conditions, such as heart disease, asthma, cancer, and diabetes. Therefore, these devices are being utilized as both diagnostic imaging and therapeutic modality and have a wide range of applications in the medical field. Brazil Ultrasound Devices Market is segmented by Application (Anesthesiology, Cardiology, Gynecology/Obstetrics, Musculoskeletal, Radiology, Critical Care, and Other Applications), Technology (2D Ultrasound Imaging, 3D and 4D Ultrasound Imaging, Doppler Imaging, and High-intensity Focused Ultrasound), Type (Stationary Ultrasound and Portable Ultrasound). The report offers the value (in USD million) for the above segments.