Business Monitor International


Iraq Medical Devices Report

Published 09 September 2014

  • 139 pages
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$1,295.00
Iraq Medical Devices Report

Espicom Industry View: The medical device market is expected to experience moderate growth over the forecast period, led by growth of consumables, dental products and patient aids . T he instability of the political environment is likely to have a negative effect on market growth. As there is very little domestic production, the market is heavily reliant on imports, which have experienced strong growth in recent years, while the level of exports is very l ow .

Headline Industry Forecasts

  • The medical device market was valued at US$463.8mn in 2013, equal to US$13.7 per capita. The market has experienced robust growth in recent years. BMI Espicom has anticipated a moderate 2013-2018 CAGR of 10.4% in both local currency and US dollar terms, with the market reaching US$760.5mn in 2018, equal to US$19.6 per capita . BMI Espicom may revise the current market forecasts due to the elevated political risk.

  • The medical device market is heavily reliant on imports. Medical import growth was strong between 2008 and 2013, increasing by a CAGR of 23.7% in local currency terms and 24.3% in US dollar terms. The running annual total reached US$507.8mn in the 12 months up to March 2014, representing y-on-y growth of 51%, but this trend is expected to change as a result of the increasing political instability.

  • Medical device exports are very low. Exports grew by a high CAGR of 31.8% in local currency terms and 32.4% in US dollar terms between 2008 and 2013. The running annual total reached US$2.1mn in the 12 months to March 2014. The value of exports is considerably lower than the value of imports, with a balance of trade deficit of US$438.4mn in 2013.

  • Domestic medical device production is estimated to be very low, which is why the market is so heavily dependent on imports.

Headline Industry Risk/Reward Rating

  • Iraq is the eighth most attractive market in the Middle East & Africa region in which to commercialise a medical device in Q414, a ranking it has...

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
2008-2013 Performance
13
2013-2018 Performance
14
Table: Projected Medical Device Market, 2013-2018
15
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
16
Consumables Market Forecast
19
Bandages & Dressings
19
Suturing Materials
19
Syringes, Needles & Catheters
19
Other Consumables
20
Table: Consumables Market, 2008-2018 (US$mn)
20
Table: Consumables Market, 2009-2018 (US$mn % Change)
21
Diagnostic Imaging Market Forecast
22
Electrodiagnostic Apparatus
23
Radiation Apparatus
23
Imaging Parts & Accessories
23
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
23
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
24
Dental Products Market Forecast
26
Capital Equipment
27
Instruments & Supplies
27
Table: Dental Products Market, 2008-2018 (US$mn)
27
Table: Dental Products Market, 2009-2018 (US$mn % Change)
28
Orthopaedics & Prosthetics Market Forecast
29
Fixation Devices
30
Artificial Joints
30
Other Artificial Body Parts
30
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
30
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn % Change)
31
Patient Aids Market Forecast
32
Portable Aids
32
Therapeutic Appliances
32
Table: Patient Aids Market, 2008-2018 (US$mn)
33
Table: Patient Aids Market, 2009-2018 (US$mn % Change)
33
Other Medical Devices Market Forecast
34
Table: Other Medical Devices Market, 2008-2018 (US$mn)
35
Table: Other Medical Devices Market, 2009-2019 (US$mn % Change)
36
Annual Medical Device Imports
37
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s)
41
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s % Change)
42
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
43
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s % Change)
44
Table: Top 20 Medical Device Suppliers, 2013 (US$000s)
46
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (US$000s)
47
Table: Detailed Medical Device Import Trends By Product Area, 2013
50
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (US$000s)
53
Monthly Medical Device Imports
56
Table: Monthly Medical Device Imports By Product Area, June 2011-December 2013 (US$mn)
56
Annual Medical Device Exports
58
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s)
61
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s % Change)
62
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
63
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s % Change)
64
Table: Top 20 Medical Device Destinations, 2013 (US$000s)
66
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (US$000s)
67
Table: Detailed Medical Device Export Trends By Product Area, 2013
70
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (US$000s)
73
Table: Detailed Medical Device Trade Balance, 2009-2013 (US$000s)
76
Monthly Medical Device Exports
79
Table: Monthly Medical Device Exports By Product Area, June 2011 - December 2013 (US$mn)
79
Macroeconomic Forecasts
81
Economic Analysis
81
Table: Economic Activity (Iraq 2009-2018)
88
Industry Risk Reward Ratings
89
Table: MEA Medical Device Risk/Reward Ratings, Q314
90
Market Overview
91
Medical Device Market Overview
91
Table: Medical Device Market, Key Ratios, 2013
92
Table: Medical Device Market By Product Area, 2013
92
Healthcare Overview
93
Health Status
93
Healthcare System
93
Health Funding
95
Healthcare Resources
95
Healthcare Activity
95
Healthcare Personnel
95
Key Healthcare Data
96
Table: Key Healthcare Data, 2008-2013
96
Industry Trends And Developments
99
Industry Trends & Developments
99
Regulatory Development
101
Medical Device Regulations
101
Competitive Landscape
102
Domestic Medical Device Manufacturing
102
Multinational Market Activity
102
Table: Multinational Market Activity, 2014
102
Medical Device Market Access
102
Market Environment
102
Distribution
103
Trade Shows
103
Methodology
104
Medical Device Market Methodology
104
Trade Code Classifications
105
Table: Used HS Trade Codes, 2014
105
Table: Rearranged HS Trade Codes, 2014
107
Risk/Reward Ratings Methodology
110
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
111
Sources
112
Contact
113

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

Key Benefits

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