Webinar: 3rd December at 17:00 BST
Join Santander, LIDE UK, Vera Rosas and the Department for International Trade (DIT) at this webinar to learn more about the Brazilian Healthcare market and opportunities for your business in the Medtech/Medical Devices sector.
Brazil has the largest healthcare market in Latin America, valued at £181 billion in 2019, and forecasted to be worth £212 billion by 2023. With a rapidly growing middle-class demanding access to better quality healthcare and a public health system that is not able to meet this quality, Brazil’s private healthcare industry is booming and demand in the sector has never been higher. Its private healthcare market is the world’s second largest by population size, and much of the public health system relies on private providers.
In 2019, the Brazilian medical devices market was worth £5.4 billion. In 2018, of all the products and equipment consumed in the country, 52% (£2 billion approx.) were imported. The Brazilian sector is heavily dependent on imports considering local industry is focused on manufacturing of single use products.
The medical devices sector is forecasted to reach a value of £5.8 billion by 2023. Companies could consider partnerships with local industries for the assembling or manufacturing of medical products in Brazil, as it can help to reduce duties and allow them to use Brazil as a gateway to other Mercosur countries.
The private sector accounts for over 60% of hospital beds, and the high tech market is largely reliant on imports.
Source: DIT – Brazil Life Sciences Market Overview. February 2020.
If you are a UK business involved in the Medtech/Medical Devices sector with a strong interest in breaking into or exploring further business opportunities in Brazil, then this webinar is for you.
To find out more, please contact Ignacio Badiola on email@example.com
* The selection process will be at the discretion of Santander UK and determined by our in-market partners, driven by the current demand and suitability of your business to the Brazilian market, as such we cannot guarantee that all businesses will be successfully matched.
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