The import of orthopaedic and fracture appliances to Brazil stood at USD 136.61 million in 2023, marking a modest increase of 2.04% year-on-year compared to 2022. Over the past two years, the imports indicated a stable growth trend with an average year-on-year variation of approximately 2.10%. The Compound Annual Growth Rate (CAGR) over the last five years stood at 1.53%, reflecting a steady yet slow expansion in imports since 2018.
Looking ahead, between 2024 and 2028, the market is forecasted to grow moderately with a 5-year CAGR of 1.42%. By 2028, the total value of imports is projected to reach USD 149.47 million, representing a total growth of 7.31% over this period.
Future trends to watch for:
- Technological advancements in orthopaedic appliances.
- Increased demand due to aging population and rising healthcare standards.
- Economic fluctuations influencing healthcare budgets and import capacities.
- Regulatory changes impacting import policies and product approvals.