Business Monitor International


Greece Medical Devices Report

Published 01 April 2014

  • 165 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Greece Medical Devices Report

Espicom Industry View: Greece has one of the smallest medical device markets in Central and Eas tern Europe and growth is being constrained by the current economic crisis. The market is heavily reliant on imports which themselves have also seen a strong decline. It is expected that the government's plans to curb expenditure will continue to affect import growth over the forecast period. Domestic manufacturers are mainly small scale operations focusing on low value, high volume disposables.

Headline Industry Forecasts

  • The medical device market is valued at US$643.5mn in 2013, equal to US$56 per capita, and equivalent to 3.3% of total health expenditure, 0.2% of the world market and 0.3% of Greece's GDP. The market is expected to grow by a low CAGR of 0.8% in US dollar terms between 2013 and 2018, reaching US$668.1mn in 2018.

  • Medical device imports supply approximately 85.0% of the domestic market. Since 2009, imports have fallen dramatically, due to the severe economic downturn in Greece, with a 2007-2012 CAGR of -15.3% in US dollar terms and -14.0% in euro terms. The running annual total reached US$647.7mn in the 12 months to November 2013, representing y-o-y growth of 7.0%.

  • Medical device exports grew at a 2007-2012 CAGR of 4.5% in US dollar terms and 6.1% in euro terms. The running annual total reached US$84.6mn in the 12 months up to November 2013, representing y-o-y growth of 4.3%. Due to the level of imports falling significantly in the last five years, the balance of trade deficit reduced sharply from -US$1,433.6mn in 2008 to -US$465.4mn in 2012.

  • Domestic medical device production is estimated to be in the region of US$200mn. The industry has particular strengths in consumables. Around 45% of domestic output is exported.

Headline Industry Risk/Reward Rating

  • Greece is the seventh most attractive market in Central and Eastern Europe in which to commercialise a medical device, according to BMI Espicom's Medical Device Risk/Reward Ratings...

Table of Contents

BMI Industry View
7
Espicom Industry View
7
SWOT
10
Medical Device Market
10
Political
11
Economic
12
Business Environment
13
Industry Forecast
14
Medical Device Market Forecast
14
Table: Projected Medical Device Market, 2013-2018
16
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
17
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$ Per Capita)
21
Table: Detailed Medical Device Market By Product Area, 2008-2018 (% Of Total)
24
Table: Detailed Medical Device Market By Product Area, 2009-2018 (US$mn % Change)
27
Consumables Market Forecast
30
Table: Consumables Market, 2008-2018 (US$mn)
30
Table: Consumables Market, 2008-2018 (US$ Per Capita)
31
Table: Consumables Market, 2009-2018 (US$mn % Change)
32
Diagnostic Imaging Market Forecast
35
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
36
Table: Diagnostic Imaging Market, 2008-2018 (US$ Per Capita)
37
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
38
Dental Products Market Forecast
40
Table: Dental Products Market, 2008-2018 (US$mn)
41
Table: Dental Products Market, 2008-2018 (US$ Per Capita)
41
Table: Dental Products Market, 2009-2018 (US$mn % Change)
42
Orthopaedics & Prosthetics Market Forecast
44
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
45
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$ Per Capita)
45
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn % Change)
46
Patient Aids Market Forecast
47
Table: Patient Aids Market, 2008-2018 (US$mn)
48
Table: Patient Aids Market, 2008-2018 (US$ Per Capita)
48
Table: Patient Aids Market, 2008-2018 (US$mn % Change)
49
Other Medical Devices Market Forecast
51
Table: Other Medical Devices Market, 2008-2018 (US$mn)
52
Table: Other Medical Devices Market, 2008-2018 (US$ Per Capita)
53
Table: Other Medical Devices Market, 2009-2018 (US$mn % Change)
54
Annual Medical Device Imports
56
Table: Summary Medical Device Imports By Product Area, 2008-2012 (US$000s)
59
Table: Summary Medical Device Imports By Product Area, 2008-2012 (US$000s, % Change)
60
Table: Summary Medical Device Imports By Product Area, 2008-2012 (EUR000s)
61
Table: Summary Medical Device Imports By Product Area, 2008-2012 (EUR000s, % Change)
62
Table: Summary Medical Device Imports By Product Area, 2008-2012 (% Distribution)
64
Table: Leading Medical Device Suppliers By Product Area, 2012 (US$000s)
67
Table: Leading Medical Device Suppliers By Product Area, 2012 (% Distribution)
68
Table: Top 20 Medical Device Suppliers, 2012 (US$000s)
69
Table: Detailed Medical Device Imports By Product Area, 2008-2012 (US$00s)
70
Table: Detailed Medical Device Import Trends By Product Area, 2012
73
Table: Detailed Leading Medical Device Suppliers By Product Area, 2012 (US$000s)
77
Monthly Medical Device Imports
80
Table: Monthly Medical Device Imports By Product Area, November 2010-November 2013 (US$mn)
80
Annual Medical Device Exports
82
Table: Summary Medical Device Exports By Product Area, 2008-2012 (US$000s)
85
Table: Summary Medical Device Exports By Product Area, 2008-2012 (US$000s % Change)
86
Table: Summary Medical Device Exports By Product Area, 2008-2012 (EUR000s)
87
Table: Summary Medical Device Exports By Product Area, 2008-2012 (EUR000s, % Change)
88
Table: Summary Medical Device Exports By Product Area, 2008-2012 (% Distribution)
90
Table: Leading Medical Device Destinations By Product Area, 2012 (US$000s)
93
Table: Leading Medical Device Destinations By Product Area, 2012 (% Distribution)
94
Table: Top 20 Medical Device Destinations, 2012 (US$000s)
95
Table: Detailed Medical Device Exports By Product Area, 2008-2012 (US$000s)
96
Table: Detailed Medical Device Export Trends By Product Area, 2012
99
Table: Detailed Medical Device Destinations By Product Area, 2012 (US$000s)
103
Table: Detailed Medical Device Balance Of Trade, 2008-2012 (US$000s)
107
Monthly Medical Device Exports
110
Table: Monthly Medical Device Exports By Product Area, November 2010-November 2013 (US$mn)
110
Macroeconomic Forecasts
113
Table: Greece - Economic Activity
117
Industry Risk Reward Ratings
118
Industry Risk Reward Ratings
118
Table: Central And Eastern Europe Medical Device Risk/Reward Ratings, Q214
119
Market Overview
120
Medical Device Market Overview
120
Table: Medical Device Market, Key Ratios, 2013
121
Table: Medical Device Market By Product Area, 2013
122
Healthcare Overview
123
Health Status
123
Healthcare System
124
Healthcare Funding
126
Healthcare Resources
128
Table: Medical Device Technology By Type, 2005-2010 (Units)
128
Table: Medical Device Technology By Type, 2005-2010 (Rate/mn Population)
129
Healthcare Activity
130
Healthcare Personnel
131
Key Healthcare Data
131
Table: Key Healthcare Data, 2008-2013
131
Industry Trends And Developments
134
Industry Trends & Developments
134
Regulatory Development
136
Medical Device Regulations
136
EU Medical Device Regulations
136
Designated Authorities
136
Existing Regulations
136
Proposed Regulatory Changes
138
Implications For The Industry
140
Competitive Landscape
141
Domestic Medical Device Production
141
Table: Detailed Medical Device Production By Product Area, 2008-2012 (EURmn)
141
Table: Detailed Medical Device Production By Product Area, 2008-2012 (US$mn)
144
Table: Detailed Medical Device Production By Product Area, 2008-2012 (% Distribution)
147
Multinational Market Activity
151
Table: Multinational Market Activity, 2014
151
Medical Device Market Access
152
Market Environment
152
Trade Organisation
152
Table: Medical Device Manufacturers/Distributors Of Hellasmes, 2014
152
Trade Show
155
Methodology
156
Medical Device Market Methodology
156
Trade Code Classifications
157
Table: Used HS Trade Codes, 2014
157
Table: Rearranged HS Trade Codes, 2014
159
Risk/Reward Ratings Methodology
162
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
163
Sources
164
Contact
165

The Greece 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 Greece provides industry professionals, strategists, company executives, and analysts with independent forecasts and competitive intelligence on the Greece medical devices industry.

Key Benefits

  • Benchmark Espicom’s Medical Devices expenditure forecasts, which take into account macroeconomic and industry-specific forecasts for Greece, 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 Greece.
  • Target Business Opportunities in the Greece 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 Greece.
  • 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