Business Monitor International

Cuba Medical Devices Report

Published 17 October 2014

  • 136 pages
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  • Includes 3 free updated quarterly reports
Cuba Medical Devices Report

Espicom Industry View:   The Cuban medical device market   is the smallest in the America s region a nd is projected to register the third lowest 2013-2018  CAGR in the region . The market is reliant on imports from mainly China and Europe . US suppliers cannot compete due to the US economic embargo but opportunities might exist in a post-embargo era . Imports were inflated between 2004 and 2008 as key diagnostic imaging equipment was imported and re-exported to Venezuela, but have come down to more normal levels since then. Opportunities exist for foreign medical device companies, particularly from the fellow communist China.

Headline Industry Forecasts

  • The Cuban medical device market is the smallest in the Americas region. In US dollar terms, the market is forecast to increase by a 2013-2018 CAGR of 4.3%, ranging from 1.6% for patient aids to 6.2% for both dental products and orthopaedics & prosthetics. This is expected to be the third lowest CAGR in the Americas region, behind Venezuela and Canada, increasing the market to US$147.8mn by 2018, equal to US$13 per capita.

  • The market is heavily reliant on medical device imports, but US companies cannot directly supply the market because of the US economic embargo. In US dollar terms, imports reached US$110.7mn over the 12 months to March 2014. Consumables, patient aids and other medical devices grew the fastest, whilst dental products, orthopaedics & prosthetics and diagnostic imaging recorded falls over the period.

  • Medical device exports are usually small, although the amount fluctuates each year due to the rise and fall in exports to Venezuela. In US dollar terms, exports amounted to US$16.3mn over the 12 months to March 2014, which represented a fall of 26.3% over the 12 months to March 2013. Consumables and diagnostic imaging posted growth, whilst patient aids, other medical devices and dental products contracted; orthopaedics & prosthetics recorded zero exports.

  • While Cuba has a...

The Cuba 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 Cuba provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Cuba Medical Devices industry.

Key Benefits

  • Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Cuba, 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 Cuba.
  • Target Business Opportunities in the Cuba Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Cuba.
  • 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.


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 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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'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