The import value of orthopaedic appliances in Brazil stood at $672.42 million in 2023. Over the past decade, the import values showed fluctuations, experiencing a significant drop from 2013 to 2017 due to various economic factors. However, a mild recovery commenced in 2018, maintaining a steady gradual increase through 2023. The year-on-year variations from 2022 to 2023 indicate a 1.53% increase, refraining from drastic changes as seen in the mid-2010s. The five-year CAGR leading up to 2023 is 1.5%, suggesting stabilized growth in recent years.
From 2024 onward, forecasts project continued gradual growth, with imports expected to reach $720.07 million by 2028. The forecasted five-year CAGR from 2024 to 2028 is 1.08%, showcasing moderate but consistent annual growth. The cumulative five-year growth rate is calculated at 5.53%, reflecting the stable yet cautious optimism in the market for orthopaedic appliances in Brazil.
Future trends to watch for include advancements in orthopaedic technology, potential economic shifts impacting healthcare budgets, and policy changes affecting import tariffs. Monitoring these factors will be crucial for forecasting and strategic planning in this sector.