Business Monitor International


Romania Medical Devices Report

Published 19 February 2014

  • 157 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Romania Medical Devices Report

Espicom Industry View: The Romanian medical device market is projec ted to grow by a CAGR of 4.3 % over the 2013-2018 period, in line with economic growth and rising health expenditure. The market is expected to remain heavily reliant on im ports as the domestic industry mainly produces outdated equipment that can only compete with foreign products in terms of price . Import growth is expected to continue due to the scarcity of high-tech equipment and the acute need for renovation within hospitals.

Headline Industry Forecasts

  • In 2013, the Romanian medical device market was estimated at US$478.0mn, or US$22 per capita. This market size is comparable to Egypt; in per capita terms, the market is similar to Serbia. The market contracted by a CAGR of 2.5% over the 2008-2013 period, but it is expected to expand at a 2013-2018 CAGR of 4.3%, reaching US$591mn, or US$28 per capita by 2018.

  • Around 90% of the medical device market is supplied by imports. Romania imported medical devices valued at US$384.5mn in 2012; this represented a decrease of 5.4% compared with 2011, in US dollar terms, and a 2007-2012 CAGR of -0.1%. Imports have increased every year since 2005 with the exception of 2009 and 2012.

  • Romanian medical device exports have grown strongly in recent years, albeit from a very low base. A decrease was seen in 2011, but exports rose again in 2012, by 11.2%, reaching US$75.3mn. The 2007-2012 CAGR was 8.4%. The trade deficit shrunk from -US$338.8mn in 2011 to -US$309.2mn in 2012, due to good export growth and falling imports.

  • Romania produces very little in the way of medical equipment. Items manufactured locally, principally comprise basic consumables. Domestic medical device production is estimated to be in excess of US$120mn.

Headline Industry Risk/Reward Rating s

  • Romania is the second least attractive market in Central & Eastern Europe (CEE) in which to commercialise a medical device, according to BMI Espicom's Medical Device Risk/Reward...

Table of Contents

Espicom Industry View
7
SWOT
9
Medical Device Market
9
Political SWOT
10
Economic SWOT
11
Business Environment SWOT
12
Industry Forecast
13
Medical Device Market Forecast
13
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$mn, % Change)
25
Consumables Market Forecast
29
Table: Consumables Market, 2008-2018 (US$mn)
29
Table: Consumables Market, 2008-2018 (US$ Per Capita)
30
Table: Consumables Market, 2009-2018 (US$mn % Change)
31
Diagnostic Imaging Market Forecast
33
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
34
Table: Diagnostic Imaging Market, 2008-2018 (US$ Per Capita)
35
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
36
Dental Products Market Forecast
38
Table: Dental Products Market, 2008-2018 (US$mn)
39
Table: Dental Products Market, 2008-2018 (US$ Per Capita)
39
Table: Dental Products Market, 2009-2018 (US$mn % Change)
40
Orthopaedics & Prosthetics Market Forecast
42
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
43
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$ Per Capita)
43
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn % Change)
44
Patient Aids Market Forecast
45
Table: Patient Aids Market, 2008-2018 (US$mn)
46
Table: Patient Aids Market, 2008-2018 (US$ Per Capita)
46
Table: Patient Aids Market, 2009-2018 (US$mn % Change)
47
Other Medical Devices Market Forecast
49
Table: Other Medical Devices Market, 2008-2018 (US$mn)
50
Table: Other Medical Devices Market, 2008-2018 (US$ Per Capita)
51
Table: Other Medical Devices Market, 2009-2018 (US$mn % Change)
52
Annual Medical Device Imports
54
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s)
57
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s, % Change)
58
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s)
59
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s, % Change)
60
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
72
Table: Detailed Leading Medical Device Suppliers by Product Area, 2012 (US$000s)
75
Monthly Medical Device Imports
78
Table: Monthly Medical Device Imports By Product Area, October 2010-October 2013 (US$mn)
78
Annual Medical Device Exports
80
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s)
83
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s, % Change)
84
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s)
85
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s, % Change)
86
Table: Medical Device Exports By Product Area, 2008-2012 (% Distribution)
88
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 (US$000s), 2012
92
Table: Detailed Medical Device Exports By Product Area, 2008-2012 (US$000s)
93
Table: Detailed Medical Device Export Trends By Product Area, 2012
96
Table: Detailed Leading Medical Device Destinations By Product Area, 2012 (US$000s)
100
Table: Detailed Medical Device Balance Of Trade, 2008-2012 (US$000s)
103
Monthly Medical Device Exports
106
Table: Monthly Medical Device Exports By Product Area, October 2010-October 2013 (US$mn)
106
Macroeconomic Forecasts
108
Macroeconomic Forecast
108
Table: Romania - Economic Activity
112
Industry Risk Reward Ratings
113
Table: Central & Eastern Europe Medical Device Risk/Reward Ratings, Q214
114
Market Overview
115
Medical Device Market Overview
115
Table: Medical Device Market, Key Ratios, 2013
116
Table: Medical Device Market By Product Area, 2013
116
Healthcare Overview
117
Health Status
117
Healthcare System
118
Healthcare Funding
120
Healthcare Resources
122
Table: Medical Device Technology By Type And Sector, 2010 (Units)
123
Healthcare Activity
123
Healthcare Personnel
123
Key Data
124
Table: Key Data, 2008-2013
124
Industry Trends And Developments
127
Regulatory Development
129
Medical Device Regulations
129
EU Medical Device Regulations
129
Designated Authorities
129
Existing Regulations
130
Proposed Regulatory Changes
130
Implications For The Industry
132
Medical Device Pricing & Reimbursement
133
Competitive Landscape
134
Domestic Medical Device Production
134
Table: Medical Device Production By Detailed Product Area, 2008-2012 (EURmn)
134
Table: Medical Device Production By Detailed Product Area, 2008-2012 (US$mn)
137
Table: Medical Device Production By Detailed Product Area, 2008-2012 (% Distribution)
141
Domestic Medical Device Manufacturing
144
National Medical Device Manufacturers
144
Multinational Medical Device Manufacturers
145
Multinational Market Activity
145
Table: Multinational Market Activity, 2014
145
Medical Device Market Access
146
Market Environment
146
Distribution
146
Trade Fair
147
Methodology
148
Medical Device Market Methodology
148
Trade Code Classifications
149
Table: Used HS Trade Codes, 2014
149
Table: Rearranged HS Trade Codes, 2014
151
Risk/Reward Ratings Methodology
154
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
155
Sources
156
Contact
157

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

Key Benefits

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