Brazilian healthcare industry set for huge growth
The healthcare industry in Brazil posted an unprecedented growth during the past few years on the back of government’s active support and enhanced private investments, said the research firm.
According to the research firm, the healthcare industry is expected to sustain its growth pace in near future due to the increasing burden of diseases and favoring demographic conditions, which will create a strong demand for better healthcare facilities.
Brazil is recognized as a pharma-emerging nation, which is expected to witness further expansion in its pharmaceutical industry as many blockbuster drugs are going off-patent in the coming 2-3 years. The pharmaceutical industry is also undergoing consolidation and is set for growth in segments like, generics and OTC drugs.
RNCOS found that the medical tourism industry is one of the emerging markets of the healthcare industry in the nation. Apart from this, clinical trials constitute one such area in which, companies can really make a difference in Brazil, owing to its unique combination of developing country conditions along with an increasing burden of diseases, which makes it an ideal destination for research.
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