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- Brazil’s medical device industry resurgent after H1’19 stagnation
Brazil’s medical device industry resurgent after H1’19 stagnation
According to the Brazilian Alliance of Innovative Health Industry (ABIIS), the medical device sector experienced a 2.4% year-on-year (YOY) growth during the January-September period, driven by 3.2% and 2.1% YOY expansions in domestic production and imports respectively. This performance is a signal of recovery after a period of stagnation during the first half of 2019, and is due to an increase in the number of clinics and other health institutions.
However, exports dropped 1.6% YOY in the nine-month period, to USD 456 million. Compounded with USD 3.4 billion in imports, this resulted in a negative trade balance of USD 2.9 billion.