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According to a new series of reports on the Brazil market for minimally invasive surgery (MIS) spinal implants by iData Research (www.idataresearch.com), Brazil imports MIS devices, mainly from American and European manufacturers. However, the U.S. dollar has seen strong growth recently, which has made it harder for local suppliers to import these products, which are more expensive compared to standard technologies. As a result, it has been less profitable for companies to import MIS devices and this has stunted market growth in the region. But prices have begun to stabilize and these trends are projected to reverse, stimulating growth across different MIS segments.

By 2030, in many Latin American countries, the number of people aged 60 or over will be 2.5 to 3.5 times larger than in 2000. Barring unexpected major demographic change, for the next three to five decades the increase in this demographic population in the region will continue to grow rapidly. Since both fusion and non-fusion procedures are typically performed in order to treat spinal complications that are much more common in elderly patients. Therefore, the needs of this new patient pool will stimulate growth in both fusion and non-fusion spinal implant markets.

“A number of newer techniques use a lateral approach in order to reach the spine,” explains Jeffrey Wong, Strategic Analyst Manager at iData Research. “In 2017, more than ten lateral lumbar interbody fusion (LLIF) systems were available on the Brazilian market, including NuVasive’s popular eXtreme Lateral Interbody Fusion (XLIF®).

Brazil’s healthcare market includes both private and public sectors. Due to the more recent emergence of minimally invasive technologies and the slow response of reimbursement policies, most companies are focusing on the private sector. Smaller companies in this market space are generally focusing on the private healthcare sector in Brazil. Meanwhile, the leading competitor in the market, Zimmer Biomet, has been able to establish relationships with the public sector as well. This gives them brand recognition and means that surgeons are familiar with the company when it comes to newer technologies. The company has also benefitted from strong growth in Brazil due to effective use of third-party vendors.

Medtronic has the second-largest overall share in the Brazilian MIS spine market. The company has a strong presence in the relatively small facet fixation market, but gained most of its overall share from MIS pedicle screw devices. Additional competitors in Brazil include NuVasive, Globus Medical, Orthofix as well as a large number of smaller companies. The number companies present in the MIS segments is expected to grow as prices stabilize and the technology becomes more familiar among doctors in the region.

For Further Information

More on the MIS implant market in Brazil can be found in a series of reports published by iData Research entitled the Brazil Market Report Suite for Minimally Invasive Spinal Implants. The full report suite on the Brazilian market for minimally invasive spinal implants includes segments for MIS interbody devices, MIS pedicle screws, spinous process fixation, facet fixation, spine endoscope and MIS spine instrumentation.

The iData report series on MIS spinal implants covers the U.S., Brazil, Mexico, Argentina, South Korea, Japan, Australia, China, Taiwan and 15 countries in Europe including Germany, France, the United Kingdom (U.K.), Italy, Spain, Benelux (Belgium, Netherlands and Luxembourg), Scandinavia (Finland, Denmark, Sweden and Norway), Portugal, Austria and Switzerland. Reports provide a comprehensive analysis including units sold, market value, forecasts, as well as detailed competitive market shares and analysis of major players’ success strategies in each market and segment. To find out more about MIS implant market data, register online or email us at [email protected] for a Brazil Market Report Suite for Minimally Invasive Spinal Implants brochure and synopsis.