Business Monitor International


Croatia Medical Devices Report

Published 28 May 2014

  • 159 pages
 
$1,295.00
Croatia Medical Devices Report

Espicom Industry View: The Croatian medical device market will continue to contract in 2014, in line with poor GDP performance, but it is expected to increase by a CAGR of 3 .0% in US dollar terms over the 2013-2018 period. Growth will be driven by EU accession, which took place in July 2013. Closer integration into the EU should lead to rising living standards and greater scope for increases in health expenditure. No major changes are expected to take place in the domestic medical device industry in the short term, so the heavy reliance on imports will continue.

Headline Industry Forecasts

  • In 2013, the Croatian medical device market was estimated at US$214.3mn, or US$50 per capita. This market size is comparable to Bulgaria; in per capita terms, the market is similar to Russia. The 2008-2013 CAGR was estimated at -2.1% in US dollar terms, but the market is expected to expand at a CAGR of 3.0% over the 2013-2018 period, reaching US$248.4mn, or US$59 per capita, by 2018.

  • Around 92% of the medical device market is supplied by imports. Croatia imported medical devices valued at US$198.0mn in 2013; this represented a decrease of 3.6% compared with 2012, and a 2008-2013 CAGR of -2.1%, in US dollar terms. In the 12 months to April 2014, imports increased by 1.6%, to US$204.0mn.

  • Croatia is not a major medical device exporter; the total was US$17.8mn in 2013, a decrease of 1.0% compared with 2012 and a 2008-2013 CAGR of -0.8%, in US dollar terms. The trade deficit decreased from -US$187.4mn in 2012 to -US$180.2mn in 2013, due to falling imports. In the 12 months to April 2014, exports increased by 23.2%, to US$20.8mn.

  • Croatia has a small domestic production sector, supplying both the domestic market and other countries from the former Yugoslavia. Particular areas of specialism include dental products and orthopaedics & prosthetics. Domestic medical device production is estimated to be in excess of US$30mn.

Headline Industry Risk/Reward Ratings

  • Croatia...

Table of Contents

Espicom Industry View
7
SWOT
9
Medical Device Market
9
Political
10
Economic
11
Business Environment
12
Industry Forecast
13
Medical Device Market Forecast
13
2008-2013 Performance
13
2013-2018 Performance
14
Table: Projected Medical Device Market, 2013-2018
15
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
16
Consumables Market Forecast
19
Bandages & Dressings
19
Suturing Materials
19
Syringes, Needles & Catheters
19
Other Consumables
20
Table: Consumables Market, 2008-2018 (US$mn)
20
Table: Consumables Market, 2009-2018 (US$mn % Change)
21
Diagnostic Imaging Market Forecast
22
Electrodiagnostic Apparatus
22
Radiation Apparatus
23
Imaging Parts & Accessories
23
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
23
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
25
Dental Products Market Forecast
26
Capital Equipment
26
Instruments & Supplies
27
Table: Dental Products Market, 2008-2018 (US$mn)
28
Table: Dental Products Market, 2009-2018 (US$mn % Change)
28
Orthopaedics & Prosthetics Market Forecast
29
Fixation Devices
30
Artificial Joints
30
Other Artificial Body Parts
30
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
31
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn % Change)
31
Patient Aids Market Forecast
32
Portable Aids
32
Therapeutic Appliances
33
Table: Patient Aids Market, 2008-2018 (US$mn)
33
Table: Patient Aids Market, 2009-2018 (US$mn % Change)
33
Other Medical Devices Market Forecast
34
Table: Other Medical Devices Market, 2008-2018 (US$mn)
36
Table: Other Medical Devices Market, 2009-2018 (US$mn % Change)
37
Annual Medical Device Imports
38
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s)
42
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s % Change)
43
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
44
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s % Change)
45
Table: Top 20 Medical Device Suppliers, 2013 (US$000s)
47
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (US$000s)
48
Table: Detailed Medical Device Import Trends By Product Area, 2013
51
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (US$000s)
55
Monthly Medical Device Imports
58
Table: Monthly Medical Device Imports By Product Area, January 2011-January 2014 (US$mn)
58
Annual Medical Device Exports
60
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s)
63
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s % Change)
64
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
65
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s % Change)
66
Table: Top 20 Medical Device Destinations, 2013 (US$000s)
69
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (US$000s)
70
Table: Detailed Medical Device Export Trends By Product Area, 2013
73
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (US$000s)
76
Table: Detailed Medical Device Trade Balance, 2009-2013 (US$000s)
79
Monthly Medical Device Exports
83
Table: Monthly Medical Device Exports By Product Area, January 2011-Januray 2014 (US$mn)
83
Macroeconomic Forecasts
85
Table: Czech Republic - Economic Activity
89
Industry Risk Reward Ratings
90
Industry Risk Reward Ratings
90
Table: CEE Medical Device Risk/Reward Ratings, Q314
91
Market Overview
92
Medical Device Market Overview
92
Table: Medical Device Market, Key Ratios, 2013
92
Table: Medical Device Market By Product Area, 2013
94
Healthcare Overview
94
Health Status
94
Healthcare System
95
Healthcare Funding
97
Healthcare Resources
98
Table: Medical Device Technology By Type & Sector, 2010 (Units)
100
Healthcare Activity
100
Healthcare Personnel
101
Key Healthcare Data
101
Table: Key Healthcare Data, 2008-2013
101
Industry Trends And Developments
104
Industry Trends And Developments
104
Regulatory Development
107
Medical Device Regulations
107
Competent Authority
107
Notified Bodies
107
Regulations
107
Table: Medical Device Registration And Licence Fees, 2014
108
EU Medical Device Regulations
109
Designated Authorities
109
Existing Regulations
109
Proposed Regulatory Changes
110
Implications For The Industry
112
Medical Device Pricing & Reimbursement
114
Competitive Landscape
115
Domestic Medical Device Production
115
Table: Medical Device Production By Detailed Product Area, 2008-2012 (EURmn)
115
Table: Medical Device Production By Detailed Product Area, 2008-2012 (US$mn)
118
Table: Medical Device Production By Detailed Product Area, 2008-2012 (% Distribution)
121
Domestic Medical Device Manufacturing
125
National Medical Device Manufacturers
125
Multinational Market Activity
126
Table: Multinational Market Activity, 2014
126
Medical Device Market Access
127
Market Environment
127
Distribution
127
Trade Fair
127
Methodology
128
Medical Device Market Methodology
128
Trade Code Classifications
129
Table: Used HS Trade Codes, 2014
129
Table: Rearranged HS Trade Codes, 2014
131
Risk/Reward Ratings Methodology
134
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
135
Sources
136
Contact
137

The Croatia Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a Business Monitor International (BMI) company. These forecasts and estimates focus on six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices.

Detailed product breakdown for market, trade and production data in Croatia provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Croatia Medical Devices industry.

Key Benefits

  • Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Croatia, to test analysis as it is a key input for budgeting and strategic business planning. Use our standardised data to gain a better understanding of market performance in Croatia.
  • Target Business Opportunities in the Croatia Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Croatia.
  • Assess the activities and market position of your competitors via our assessments of domestic production, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.

Coverage

BMI Industry View
Provides industry, political and economic views. Briefly analyses the Medical Devices market, taking into account the latest industry forecasts, healthcare indicators and industry trends & developments.

SWOT
SWOT analyses of the Medical Devices market, the political environment, the economic landscape and the business environment.

Industry Forecasts
Evaluates and analyses the Medical Devices market in terms of historical and forecast trends, covering six product areas and 40+ specific product categories. In addition, presents annual and monthly import and export trade data.

Product Areas:

  • Consumables: medical dressings, suturing materials, syringes, needles & catheters, blood-grouping reagents, first-aid boxes & kits, ostomy products and surgical gloves.
  • Diagnostic Imaging: electrocardiographs, ultrasound, MRI, scintigraphic apparatus, other electrodiagnostic apparatus (i.e. patient monitors), CT scanners, other X-ray apparatus, ABC ray apparatus, contrast media, X-ray film, X-ray tubes and other imaging parts & accessories.
  • Dental Products: dental drills, dental chairs, dental X-ray, dental cements, dental instruments and teeth & other fittings.
  • Orthopaedics & Prosthetics: fixation devices, artificial joints and other artificial body parts.
  • Patient Aids: hearing aids, pacemakers, other portable aids (i.e. stents), mechano-therapy apparatus and therapeutic respiration apparatus.
  • Other Medical Devices: wheelchairs, ophthalmic instruments, hospital furniture, medical/surgical sterilisers, UV/IF apparatus, blood pressure monitors, endoscopy monitors, dialysis apparatus, transfusion apparatus and anaesthesia apparatus.

Macroeconomic Forecasts
Presents macroeconomic forecasts impacting the Medical Devices market.

Industry Risk Rewards Rankings
Industry Risk Rewards Rankings (IRRR) tool, which provides a globally comparative and numerically based assessment of the Medical Devices market’s attractiveness.

Market Overview
Assesses the Medical Devices market in the current year. Additionally, covers healthcare intelligence affecting the market, including healthcare organisation, healthcare developments and health expenditure. Includes historical healthcare data, in terms of health status, health expenditure, health infrastructure, health services and health personnel.

Industry Trends & Developments
Analyses the latest industry trends and developments shaping the market, in terms of monthly trade performance, forecast trends, production changes, regulatory developments, competitive strategies, political events and economic performance.

Regulatory Developments
Focuses on the latest regulatory developments, covering the competent authority, the latest regulations and marketing registrations. Also, reviews key pricing & reimbursement measures.

Competitive Landscape
Values historical Medical Devices production, and analyses the presence of national and multinational manufacturers operating in the market. Also, compares the presence of leading multinational company operations, either via sales & marketing, distribution or manufacture. Finally, takes into account market access drivers, including major distribution channels, trade associations and trade shows.

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