Business Monitor International


Croatia Medical Devices Report

Published 17 January 2014

  • 159 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Croatia Medical Devices Report

Espicom Industry View: The Croatian medical device market has recovered from the contraction seen in 2012 and is expected to increase by a CAGR of 5.0% in US dollar terms over the 2013-2018 period. Growth will be driven not least 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$232.1mn, or US$53 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 -0.5% but the market is expected to expand at a CAGR of 5.0% over the 2013-2018 period, reaching US$295.6mn, or US$68 per capita by 2018.

  • Around 93% of the medical device market is supplied by imports. Croatia imported medical devices valued at US$205.1mn in 2012; this represented a decrease of 13.8% compared with 2011, and a 2007-2012 CAGR of -3.5%, in US dollar terms. Imports have fluctuated in recent years, although the general trend has been upward, from US$109.2mn in 2002.

  • Croatia is not a major medical device exporter; the total was US$18.0mn in 2012, a decrease of 9.6% compared with 2011 and a 2007-2012 CAGR of 0.3%, in US dollar terms. The trade deficit decreased from -US$218.1mn in 2011 to -US$187.1mn in 2012, due to falling imports.

  • 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. Domestic medical device production is estimated to be in excess of US$30mn.

Headline Industry Risk/Reward Rating

  • Croatia is the third least attractive market in Central & Eastern Europe in which to commercialise a...

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
Table: Projected Medical Device Market, 2013-2018
15
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
16
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$ Per Capita)
19
Table: Detailed Medical Device Market By Product Area, 2008-2018 (% Of Total)
22
Table: Detailed Medical Device Market By Product Area, 2009-2018 (US$mn, % Change)
25
Consumables Market Forecast
28
Table: Consumables Market, 2008-2018 (US$mn)
28
Table: Consumables Market, 2008-2018 (US$ Per Capita)
29
Table: Consumables Market, 2009-2018 (US$mn % Change)
30
Diagnostic Imaging Market Forecast
32
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
33
Table: Diagnostic Imaging Market, 2008-2018 (US$ Per Capita)
34
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
35
Dental Products Market Forecast
37
Table: Dental Products Market, 2008-2018 (US$mn)
38
Table: Dental Products Market, 2008-2018 (US$ Per Capita)
38
Table: Dental Products Market, 2009-2018 (US$mn % Change)
39
Orthopaedics & Prosthetics Market Forecast
41
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
42
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$ Per Capita)
42
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn % Change)
43
Patient Aids Market Forecast
44
Table: Patient Aids Market, 2008-2018 (US$mn)
44
Table: Patient Aids Market, 2008-2018 (US$ Per Capita)
45
Table: Patient Aids Market, 2009-2018 (US$mn % Change)
46
Other Medical Devices Market Forecast
48
Table: Other Medical Devices Market, 2008-2018 (US$mn)
49
Table: Other Medical Devices Market, 2008-2018 (US$ Per Capita)
50
Table: Other Medical Devices Market, 2009-2018 (US$mn % Change)
51
Annual Medical Device Imports
53
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s)
56
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s, % Change)
58
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s)
59
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s, % Change)
60
Table: Medical Device Imports By Product Area, 2008-2012 (% Distribution)
62
Table: Leading Medical Device Suppliers By Product Area, 2012 (US$000s)
64
Table: Leading Medical Device Suppliers By Product Area, 2012 (% Distribution)
65
Table: Top 20 Medical Device Suppliers, 2012 (US$000s)
67
Table: Detailed Medical Device Imports By Product Area, 2008-2012 (US$000s)
68
Table: Detailed Medical Device Import Trends By Product Area, 2012
71
Table: Detailed Leading Medical Device Suppliers By Product Area, 2012 (US$000s)
75
Monthly Medical Device Imports
78
Table: Monthly Medical Device Imports By Product Area, September 2010-September 2013 (US$mn)
78
Annual Medical Device Exports
80
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s)
83
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s, % Change)
84
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s)
85
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s, % Change)
86
Table: Medical Device Exports By Product Area, 2008-2012 (% Distribution)
88
Table: Leading Medical Device Destinations By Product Area, 2012 (US$000s)
90
Table: Leading Medical Device Destinations By Product Area, 2012 (% Distribution)
91
Table: Top 20 Medical Device Destinations, 2012 (US$000s)
93
Table: Detailed Medical Device Exports By Product Area, 2008-2012 (US$000s)
94
Table: Detailed Medical Device Export Trends By Product Area, 2012
97
Table: Detailed Leading Medical Device Destinations By Product Area, 2012 (US$000s)
100
Table: Detailed Medical Device Balance Of Trade, 2008-2012 (US$000s)
103
Monthly Medical Device Exports
107
Table: Monthly Medical Device Exports By Product Area, September 2010-September 2013 (US$mn)
107
Macroeconomic Forecasts
109
Table: Croatia - Economic Activity
113
Industry Risk Reward Ratings
114
Industry Risk Reward Ratings
114
Table: Central & Eastern Europe Medical Device Risk/Reward Ratings, Q214
115
Market Overview
116
Medical Device Market Overview
116
Table: Medical Device Market, Key Ratios, 2013
117
Table: Medical Device Market By Product Area, 2013
118
Healthcare Overview
119
Health Status
119
Healthcare System
120
Healthcare Funding
121
Healthcare Resources
123
Table: Medical Device Technology By Type & Sector, 2010 (Units)
124
Healthcare Activity
124
Healthcare Personnel
125
Key Data
125
Table: Key Data, 2008-2013
125
Industry Trends And Developments
128
Industry Trends And Developments
128
Regulatory Development
131
Medical Device Regulations
131
Competent Authority
131
Notified Bodies
131
Regulations
131
Table: Medical Device Registration And Licence Fees, 2014
132
EU Medical Device Regulations
133
Designated Authorities
133
Existing Regulations
133
Proposed Regulatory Changes
134
Implications For The Industry
136
Medical Device Pricing & Reimbursement
136
Competitive Landscape
137
Domestic Medical Device Production
137
Table: Medical Device Production By Detailed Product Area, 2008-2012 (EURmn)
137
Table: Medical Device Production By Detailed Product Area, 2008-2012 (US$mn)
140
Table: Medical Device Production By Detailed Product Area, 2008-2012 (% Distribution)
143
Domestic Medical Device Manufacturing
147
National Medical Device Manufacturers
147
Multinational Market Activity
148
Table: Multinational Market Activity, 2014
148
Medical Device Market Access
149
Market Environment
149
Distribution
149
Trade Fair
149
Methodology
150
Medical Device Market Methodology
150
Trade Code Classifications
151
Table: Used HS Trade Codes, 2014
151
Table: Rearranged HS Trade Codes, 2014
153
Risk/Reward Ratings Methodology
156
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
157
Sources
158
Contact
159

The Croatia Medical Devices Report features forecasts for medical devices production, imports, exports and healthcare expenditure by Espicom, a Business Monitor International company (BMI). These forecasts focus on Consumables, Diagnostic Imaging Apparatus, Dental Products, Orthopaedic and Prosthetic Devices and other medical devices.

The breakdown of domestic production, domestic manufacturing, individual trade associations and multinational activity 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 Espicom’s Medical Devices expenditure 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 disease and demographic trends, regulatory developments, tax legislation and government subsidies, investment dynamics and domestic demand in Croatia.
  • Assess the activities and market position of your competitors via our assessments of domestic production, imports and exports, trade associations, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.

Coverage

BMI Industry View

Covers geographic factors, political issues, and economic concerns, together with an overview of the country’s healthcare systems, health insurance regulations and health related projects which might have an impact on the country. These are presented in conjunction with estimates of health expenditure.

Market Developments

Provides analysis on the latest regulatory developments, key forecast indicators and major corporate developments, including production growth and government investment programmes.

Medical Market Analysis

Evaluates the market’s developments over the past year, comparing it with historical trends, and provides a forecast of future performance throughout our forecast period to end-2018. The report presents forecasts on the annual imports and exports for each of these sectors along with a monthly analysis of import and export trends and developments. There is also a detailed assessment of domestic production and domestic manufacturing, with a breakdown of individual trade associations, national and multinational manufacturers.

Medical Device Market Projections cover Market (US$mn), Per Capita (US$mn), (%) of total expenditure, and (%) change, for the below medical devices:

Consumables (US$mn): bandages and dressings, suturing materials, ostomy products, syringes, needles, and catheters.

Diagnostic Imaging (US$mn): electrodiagnostic, ultrasound, MRI, patient monitoring, CT scanners, X-ray apparatus, imaging parts and accessories.

Dental Products (US$mn): dental capital equipment, dental drills, dental chairs, dental X-rays, dental instruments and supplies, dental cements, teeth and other fittings.

Orthopaedic and prosthetic products (US$mn): fixation devices, artificial joints, and other artificial body parts.

Patient Aids (US$mn): portable aids, hearing aids, pacemakers, and therapeutic appliances.

Other medical devices (US$mn): wheelchairs, ophthalmic instruments, anaesthesia apparatus, dialysis apparatus, blood pressure monitors, endoscopy monitors, and hospital furniture.

Multinational Activity

Discusses the presence of multinational companies in the country, either via sales and distribution outlets, or through manufacturing facilities. ‘Domestic Manufacturing’ delineates the presence and activities of domestic medical device companies. Key company developments are incorporated, enabling a full evaluation of recent company performance and future growth prospects.

Accessing the Market

This section contains analysis of the overall market environment, distribution (including over 1,600 qualified sales agencies and distribution leads), import duties and taxes, procurement options (such as trade fairs, various expositions and procurement bodies), together with an explanation of the regulatory environment covering registration, labelling requirements and the use of second-hand equipment.

Directory

Contains details for Healthcare organisations, Professional Bodies, and Trade Associations, along with Trade Code Classifications.

Appendix – Statistical Tables

Extensive statistical tables provide historical data and forecasts from 2007-2018, identifying trends and changes in population, principle causes of death, public health expenditure, hospital data (including beds by type, discharge data, long stay patients by type), and hospital personnel.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc