Brazil records over USD 1 billion in medical devices exports

Brazil’s medical device exports surged to $1.06 billion in 2023, marking a 13.69% increase compared to the previous year. Such an outcome is thrust by various factors, notably the growing sales to China, which has recently emerged as the second-largest consumer market for these Brazilian products.

Among the primary medical devices exported by the associations throughout 2023 are instruments for dentistry, orthopedic appliances, tools for use in medicine and surgery, and dental cement.

“This increase is attributed, among other factors, to the growth of exports destined for China, which in 2023 became the second-largest consumer of medical devices manufactured in Brazil. In 2022, the country ranked only 16th in the list of importing countries for these products,” stated Larissa Gomes, Manager of Projects and International Marketing at the Brazilian Association of Medical Devices Industry (Abimo).

Performance by Segment:

• Surgery-Hospital: $596.12 million, a modest growth of 0.18%.
• Laboratory: Largest growth (87%).
• Rehabilitation: Growth of 25.04%, totaling $102.16 million.
• Dentistry: Decline of 5.12%.

Highlights:

• Water filters for laboratory use emerged as the leading medical device exported.
• Top export destinations include the United States, China, Argentina, Mexico, and Colombia.

Imports:

• Value of $8.18 billion in 2023, representing a 9.80% increase.
• Laboratory products represented 47% of the total.
• Top suppliers include the United States, Germany, China, Ireland, and Switzerland.

Source: Money Report

Click here to read the original article: https://www.moneyreport.com.br/negocios/brasil-exporta-mais-de-us-1-bi-em-dispositivos-medicos/ 

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