Medical equipment and supplies
Brazil spent almost 10% of its GDP on health care and gained a leading position among developing countries in recent years. This recognition is reflected in the 2017 Global Health Intelligence survey, which highlights the country as one of the most important and vital health markets in Latin America. And the medical equipment and devices segment is one of the key growth areas that, according to GlobalData, will report compound annual growth rate (CAGR) of 7.5%, reaching US$ 14.2 billion by 2020.
The sector is segmented into: Dentistry (equipment, consumables and instruments), Laboratory (equipment, reagents and consumables), Radiology (devices, accessories and consumables), Medical and hospital equipment (Non-electrical furniture, electro-medical equipment, surgical instruments, physiotherapy and hospitality equipment) and Implants (orthopedic, neurological, cardiac and others) and Consumables (hypodermic materials, textiles, adhesives and others).
This industry is an important pillar of the national and state economy. The state of São Paulo concentrates more than 59% of the equipment and materials industries, according to the Brazilian Association of Medical, Dental, Hospital and Laboratory Equipment Industries(ABIMO). There are approximately 405 companies in São Paulo, most of them represented by manufacturers of medical and dental materials.
The state of São Paulo also concentrates 9,600 highly skilled employees, which corresponds to 61% of the total number of employees in the sector in Brazil, according to data from RAIS, Ministry of Labor and Employment of 2016. The industries in the municipalities of São Paulo account for 46% of the Value of Industrial Transformation of the sector.
In addition to the concentration of companies and skilled labor, the state has five Technology Parks specializing in Life Sciences and Health Care, located in Ribeirão Preto, São José dos Campos, São Carlos, Botucatu and Campinas.
Why invest in the sector of medical equipment and devices in São Paulo?
- 59% of industries are concentrated in the state of São Paulo.
- Five technology parks specializing in Life Sciences and Health Care.
- Skilled labor.
- Concentration of potential partners in the Research & Development area of the sector.
We invite you to find out why São Paulo is the right choice for your business. Investe SP is always ready to assist you promptly, efficiently, and free of charge. Learn how the Paulista Agency of Investment Promotion can help assess your project by clicking on Services or contact our team on Contact Us.