Brazil possesses a highly attractive and promising healthcare markets. Already the eighth largest in the world, this market is set to grow to $232bn by 2021. The country is the fifth largest geographically, with a population of 208mn and a GDP of approx. $1.8tn.
8TH LARGEST HEALTHCARE MARKET, SET TO GROW TO
MEDICAL DEVICE MARKET EXPECTED TO GROW TO
Although Brazilians are guaranteed free and universal public healthcare coverage, private spending surpasses public spending, generating one of the largest private healthcare systems in the world. At the same time, the Brazilian healthcare system faces multiple challenges, including an overstretched and underfunded public system, a shortage of beds, and an uneven distribution of resources and physicians. Given this context, Brazilian healthcare providers are looking for new solutions that can improve care and reduce costs. This offers great business opportunities for health-tech innovators.
The Brazilian health organizations participating in the TechEmerge program range from multi-specialty hospital networks and specialty clinics, to home care and diagnostic lab networks. They have facilities across all regions in Brazil, serving both urban and rural populations