Business Monitor International


Iraq Medical Devices Report

Published 11 February 2014

  • 139 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Iraq Medical Devices Report

Espicom Industry View: The medical device market is expected to experience robust growth over the forecast period, led by growth of consumables, diagnostic imaging and orthopaedics & prosthetics. However, the instability of the political environment could 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$294.8mn in 2013, equal to US$9 per capita. The market has experienced robust growth in recent years and this is set to continue. BMI Espicom had anticipated a relatively high 2013-2018 CAGR of 11.1% in US dollar terms and 11.3% in local currency, with the market reaching US$499.9mn in 2018, equal to US$13 per capita . However, this CAGR needs to be revised, as annual cumulative import levels increased to unprecedented levels by September 2013.

  • The medical device market is heavily reliant on imports. Medical import growth was strong between 2007 and 2012, increasing by a CAGR of 20.4% in local currency terms and 22.2% in US dollar terms. The running annual total reached US$362.8mn in the 12 months up to September 2013, representing y-on-y growth of 37.6%.

  • Medical device exports are very low. Exports grew by a high CAGR of 39.7% in local currency terms and 41.8% in US dollar terms between 2007 and 2012. The running annual total reached US$2.0mn in the 12 months to September 2013. The value of exports is considerably lower than the value of imports, with a balance of trade deficit of US$300.0mn in 2012.

  • 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 ninth most attractive market in the Middle East and Africa in which to commercialise a medical device, according to BMI Espicom's...

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
Past Performance 2008-2013
13
Future Performance 2013-2018
14
Table: Projected Medical Device Market, 2013-2018
15
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
16
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$ Per Capita)
19
Table: Detailed Medical Device Market By Product Area, 2008-2018 (% Of Total)
22
Table: Detailed Medical Device Market By Product Area, 2009-2018 (US$mn, % Change)
25
Consumables Market Forecast
28
Table: Consumables Market, 2008-2018 (US$mn)
29
Table: Consumables Market, 2008-2018 (US$ Per Capita)
31
Table: Consumables Market, 2009-2018 (US$mn % Change)
32
Diagnostic Imaging Market Forecast
34
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
35
Table: Diagnostic Imaging Market, 2008-2018 (US$ Per Capita)
36
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
37
Dental Products Market Forecast
39
Table: Dental Products Market, 2008-2018 (US$mn)
40
Table: Dental Products Market, 2008-2018 (US$ Per Capita)
40
Table: Dental Products Market, 2009-2018 (US$mn % Change)
41
Orthopaedics & Prosthetics Market Forecast
43
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
44
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$ Per Capita)
44
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn % Change)
45
Patient Aids Market Forecast
46
Table: Patient Aids Market, 2008-2018 (US$mn)
47
Table: Patient Aids Market, 2008-2018 (US$ Per Capita)
47
Table: Patient Aids Market, 2009-2018 (US$mn % Change)
48
Other Medical Devices Market Forecast
50
Table: Other Medical Devices Market, 2008-2018 (US$mn)
51
Table: Other Medical Devices Market, 2008-2018 (US$ Per Capita)
51
Table: Other Medical Devices Market, 2009-2019 (US$mn % Change)
52
Annual Medical Device Imports
54
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s)
58
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s, % Change)
59
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s)
60
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s, % Change)
61
Table: Medical Device Imports By Product Area, 2008-2012 (% Distribution)
62
Table: Leading Medical Device Suppliers By Product Area, 2012 (US$000s)
65
Table: Leading Medical Device Suppliers By Product Area, 2012 (% Distribution)
66
Table: Top 20 Medical Device Suppliers, 2012 (US$000s)
67
Table: Detailed Medical Device Imports By Product Area, 2008-2012 (US$000s)
68
Table: Detailed Medical Device Import Trends By Product Area, 2012
71
Table: Detailed Leading Medical Device Suppliers By Product Area, 2012 (US$000s)
75
Monthly Medical Device Imports
77
Table: Monthly Medical Device Imports By Product Area, March 2011-September 2013 (US$mn)
78
Annual Medical Device Exports
79
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s)
82
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s, % Change)
83
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s)
84
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s, % Change)
85
Table: Medical Device Exports By Product Area, 2008-2012 (% Distribution)
87
Table: Leading Medical Device Destinations By Product Area, 2012 (US$000s)
89
Table: Leading Medical Device Destinations By Product Area, 2012 (% Distribution)
90
Table: Top 20 Medical Device Destinations, 2012 (US$000s)
91
Table: Detailed Medical Device Exports By Product Area, 2012 (US$000s)
92
Table: Detailed Medical Device Export Trends By Product Area, 2012
95
Table: Detailed Leading Medical Device Destinations By Product Area, 2012 (US$000s)
98
Table: Detailed Medical Device Trade Balance, 2008-2012 (US$000s)
101
Monthly Medical Device Exports
104
Table: Monthly Medical Device Exports By Product Area, March 2011 - September 2013 (US$mn)
105
Macroeconomic Forecasts
107
Economic Analysis
107
Table: Iraq - Economic Activity
114
Industry Risk Reward Ratings
115
Table: Middle East And Africa Medical Device Risk/Reward Ratings, Q214
116
Market Overview
117
Medical Device Market Overview
117
Table: Medical Device Market, Key Ratios, 2013
117
Table: Medical Device Market By Product Area, 2013
118
Healthcare Overview
119
Health Status
119
Healthcare System
120
Health Funding
121
Healthcare Resources
121
Healthcare Activity
122
Healthcare Personnel
122
Key Data
122
Table: Key Data, 2008-2013
122
Industry Trends And Developments
125
Industry Trends & Developments
125
Regulatory Development
127
Medical Device Regulations
127
Competitive Landscape
128
Domestic Medical Device Manufacturing
128
Multinational Market Activity
128
Table: Multinational Market Activity, 2014
128
Medical Device Market Access
128
Market Environment
128
Distribution
129
Trade Shows
129
Methodology
130
Medical Device Market Methodology
130
Trade Code Classifications
131
Table: Used HS Trade Codes, 2014
131
Table: Rearranged HS Trade Codes, 2014
133
Risk/Reward Ratings Methodology
136
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
137
Sources
138
Contact
139

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

Key Benefits

  • Benchmark Espicom’s Medical Devices expenditure 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 disease and demographic trends, regulatory developments, tax legislation and government subsidies, investment dynamics and domestic demand in Iraq.
  • 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