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Wearables market in Brazil
1.
Wearables Market in
Brazil – A Quick Look 9/7/2015 © Finpro1 Market demand ………….................................................................................... p. 2 Why to keep an eye on Brazil? .......................................................................... p. 3-5 Sample of players ............................................................................................. p. 6-7 Key messages…................................................................................................. p. 8
2.
Market Demand The Brazilian
wearables market is still incipient, things are just starting out. Specialists say that the market should start to grow at a faster pace in about two or three years and Brazil will lead this market in Latin America. 9/7/2015 © Finpro2
3.
Why to keep
an eye on Brazil? The market is huge - 7th economy in the world - and Brazil has several core areas to be improved, such as the health sector, which brings lots of business opportunities to companies interested to enter new markets. 9/7/2015 © Finpro3
4.
Healthcare Brazil has more
than 200 million inhabitants 25% of the population attended by private health insurance plans 894 private operator of medical and hospital plans and 343 private operators of dental care plan 6,832 hospitals Shortage of hospital beds: It is estimated that between 13,700 to 23,200 more new hospital beds will be necessary in Brazil by 2016 Home Health Care in Brazil is a model that generates more than 200,000 jobs, exceeding the number of 1 million patients attended and R$ 3 billion (~€1B) in annual revenue The number of people over 65 years old in Brazil should pass from 14.9 million (7.4% of total) in 2013 to 58.4 million (26.7% of total) in 2060 Chronic diseases are estimated to account for 74% of total deaths Brazil has an average of 2 doctors per 1,000 inhabitants, lower than some South America countries 9/7/2015 © Finpro4
5.
Fitness & connectivity
info The Brazilian Association of Sports Industry estimates that 85 million Brazilians have practiced at least one type of sports activity in 2015. Another research shows that 34% of the population practice physical activities regularly. Some popular physical activities / sports: jogging, fitness, soccer, voleyball, swimming, surfing, among many others. Brazil is the second country in number of fitness center: over 30,000 establishments, only behind the USA. Data from MEF reports that in Brazil, 26% of mobile users use applications to help the practice of physical exercises, 14% manage an illness, and 21% for weight control. The same research shows that 46% of Brazilian consumers are aware of wearables. Brazil is the 4th biggest market for smartphones in the world. Brazil leads the mobile market in Latin America, with 238.7 million connections (active SIM cards) and 112 million users. The quality of internet access is different from region to region, metropolitan areas normally have better and faster access. 9/7/2015 © Finpro5
6.
Samples of players 9/7/2015
© Finpro6
7.
Wearables are penetrating
numerous markets but has taken a prominent role in healthcare and wellness 9/7/2015 © Finpro7 Healthcare, Well-being, Sports, etc. Health insurance, operators Laboratories Pharmaceuticals Universities, R&D institutes Investors Employers Service Providers IT companies Pharmacies Population in remote areas Home Health Care Hospitals Patients Associations Public Health Manufacturers: devices, supplies, furniture Physician, clinics Fitness Center Athletes, sports centers Many others...
8.
Key message • Finnish
companies should get going early enough in order to collect the benefits of being there earlier. • Get to know the market and understand the market profile, needs and potential for a specific solution is the first step. 9/7/2015 © Finpro8 Finland has a great amount of expertise and products to offer in this field. Brazil is the 7th market in the world, more than 200 mi/ inhabitants and needs improvement in several core sectors Lots of opportunities to those who look for a new market. + =
9.
Thank you! 9/7/2015 ©
Finpro9
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