Business Monitor International


Estonia Medical Devices Report

Published 03 July 2014

  • 163 pages
 
$1,295.00
Estonia Medical Devices Report

Espicom Industry View: The medical device market is set to grow at a higher CAGR between 2013 and 2018 than was recorded for the 2008-2013 period. However, the small size of the market limits scope for the purchase of more expensive items. The medical device market is largely supplied by imports, principally from Western suppliers. The balance of trade has been positive since 2011, due to export growth . There is a small domestic production sector but this tends to concentrate on exports to Western Europe and former Soviet countries.

Headline Industry Forecasts

  • The medical device market is valued at US$150.0mn in 2013, equivalent to US$117 per capita. The market is projected to grow at a CAGR of 4.3% over the forecast period, reaching US$184.9mn in 2018, equal to US$146 per capita.

  • Medical device imports supply around 80% of the medical device market. Imports grew at a CAGR of 1.8% in US dollar terms and 4.0% in euro terms between 2008 and 2013. The running annual total reached US$123.4mn in the 12 months to February 2014, representing y-o-y growth of 11.3%.

  • Medical device exports grew at a CAGR of 9.0% in US dollar terms and 11.3% in euro terms between 2008 and 2013. The running annual total reached US$129.5mn in the 12 months to February 2014, representing y-o-y growth of 7.7%. Due to export growth since 2011, the balance of trade amounted to a surplus of US$7.9mn in 2013.

  • Domestic medical device production is estimated to be in the region of US$100mn. The industry has particular strengths in endoscopic apparatus, fixation devices, therapy apparatus and hearing aids.

Headline Industry Risk/Reward Rating

  • Estonia is the seventh most attractive market in Central and Eastern Europe (CEE) in which to commercialise a medical device in Q314, one ranking down from Q214, according to BMI Espicom's Medical Device Risk/Reward Ratings (RRRs). The country's overall score is 57.8 out of 100 in Q314, up from 57.5 in Q214. This compares to a regional...

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

Key Benefits

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