Business Monitor International


Greece Medical Devices Report

Published 26 September 2014

  • 165 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Greece Medical Devices Report

Espicom Industry View:   Greece has the fif th larg est medical device market in Central and Eas tern Europe (CEE) but growth has been constrained by the economic crisis. The market is heavily reliant on imports which experienced a strong decline between 2009 and 2012 . 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$780.6mn in 2013, equal to US$70.1 per capita and equivalent to 4.4% of total health expenditure, 0.3% of GDP and 0.2% of the world market. The market is expected to grow by a CAGR of 2.9% in US dollar terms between 2013 and 2018, reaching US$901.8mn in 2018, equal to US$81.2 per capita.

  • Medical device imports supply approximately 86% of the domestic market. Since 2009, imports have fallen dramatically, due to the severe economic downturn, with a 2008-2013 CAGR of -14.8% in US dollar terms and -13.0% in euro terms. However, the running annual total reached US$675.5mn in the 12 months to May 2014, representing y-o-y growth of 12.2%.

  • Medical device exports grew at a 2008-2013 CAGR of 4.5% in US dollar terms and 6.7% in euro terms. The running annual total reached US$93.7mn in the 12 months to May 2014, representing y-o-y growth of 19.9%. Due to the level of imports falling significantly in the last five years, the balance of trade deficit reduced sharply from -US$1,280.3mn in 2009 to -US$588.4mn in 2013.

  • Domestic medical device production is estimated to be in the region of US$200mn. The available data from Eurostat recorded medical device production at EUR9.7mn (US$12.8mn) in 2013. This is by no means an accurate figure because some data have been suppressed for confidentiality reasons. In 2013, the majority of production was in the consumables product area, specifically...

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
2008-2013 Performance
14
2013-2018 Performance
16
Table: Projected Medical Device Market, 2013-2018
17
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
18
Consumables Market Forecast
21
Bandages & Dressings
21
Suturing Materials
22
Syringes, Needles & Catheters
22
Other Consumables
22
Table: Consumables Market, 2008-2018 (US$mn)
22
Table: Consumables Market, 2009-2018 (US$mn % Change)
23
Diagnostic Imaging Market Forecast
25
Electrodiagnostic Apparatus
25
Radiation Apparatus
25
Imaging Parts & Accessories
26
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
26
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
27
Dental Products Market Forecast
28
Capital Equipment
29
Instruments & Supplies
29
Table: Dental Products Market, 2008-2018 (US$mn)
30
Table: Dental Products Market, 2009-2018 (US$mn % Change)
30
Orthopaedics & Prosthetics Market Forecast
31
Fixation Devices
32
Artificial Joints
32
Other Artificial Body Parts
32
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
33
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn % Change)
33
Patient Aids Market Forecast
34
Portable Aids
34
Therapeutic Appliances
35
Table: Patient Aids Market, 2008-2018 (US$mn)
35
Table: Patient Aids Market, 2008-2018 (US$mn % Change)
35
Other Medical Devices Market Forecast
36
Table: Other Medical Devices Market, 2008-2018 (US$mn)
37
Table: Other Medical Devices Market, 2009-2018 (US$mn % Change)
38
Annual Medical Device Imports
39
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s)
43
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s % Change)
44
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
45
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s % Change)
45
Table: Top 20 Medical Device Suppliers, 2013 (US$000s)
48
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (US$000s)
49
Table: Detailed Medical Device Import Trends By Product Area, 2013
52
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (US$000s)
55
Monthly Medical Device Imports
58
Table: Monthly Medical Device Imports By Product Area, March 2011-March 2014 (US$mn)
58
Annual Medical Device Exports
60
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s)
64
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s % Change)
65
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
66
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s % Change)
67
Table: Top 20 Medical Device Destinations, 2013 (US$000s)
68
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 Medical Device Destinations By Product Area, 2013 (US$000s)
76
Table: Detailed Medical Device Trade Balance, 2009-2013 (US$000s)
79
Monthly Medical Device Exports
83
Table: Monthly Medical Device Exports By Product Area, March 2011-March 2014 (US$mn)
83
Macroeconomic Forecasts
85
Economic Analysis
85
Table: GREECE - ECONOMIC ACTIVITY
89
Industry Risk Reward Ratings
90
Industry Risk Reward Ratings
90
Table: Central And Eastern Europe Medical Device Risk/Reward Ratings, Q314
91
Market Overview
92
Medical Device Market Overview
92
Table: Medical Device Market, Key Ratios, 2013
93
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, 2005-2010 (Units)
98
Table: Medical Device Technology By Type, 2005-2010 (Rate/mn Population)
99
Healthcare Activity
100
Healthcare Personnel
101
Key Healthcare Data
101
Table: Key Healthcare Data, 2008-2013
101
Industry Trends And Developments
104
Industry Trends & Developments
104
Regulatory Development
106
Medical Device Regulations
106
EU Medical Device Regulations
106
Designated Authorities
106
Existing Regulations
107
Proposed Regulatory Changes
107
Implications For The Industry
110
Competitive Landscape
113
Domestic Medical Device Production
113
Table: Detailed Medical Device Production By Product Area, 2008-2012 (EURmn)
113
Table: Detailed Medical Device Production By Product Area, 2008-2012 (US$mn)
116
Table: Detailed Medical Device Production By Product Area, 2008-2012 (% Distribution)
119
Multinational Market Activity
123
Table: Multinational Market Activity, 2014
123
Medical Device Market Access
124
Market Environment
124
Trade Organisation
124
Table: Medical Device Manufacturers/Distributors Of Hellasmes, 2014
124
Trade Show
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 Greece 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 Greece provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Greece Medical Devices industry.

Key Benefits

  • Benchmark BMI's Medical Devices market 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 demographic trends, regulatory developments, investment dynamics and domestic demand in Greece.
  • 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.

secure
Benefit from discounts when you add multiple products to your basket
2 Products SAVE 10%
3 Products SAVE 15%
4 Products SAVE 20%
5 Products SAVE 25%
6 Products SAVE 30%
7 - 20 Products SAVE 35%
21 Products or more SAVE 40%

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