Business Monitor International


Serbia Medical Devices Report

Published 22 October 2014

  • 143 pages
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$1,295.00
Serbia Medical Devices Report

BMI Industry View: The Serbi an medical device market is expected to grow by a CAGR of 0.9 % over the 2013-2018 period, hinde red by relatively slow GDP growth. The majority of medical devices are im ported as local manufactur ers focus on disposables such as bandages and s yringes, and low-tech equipment. The government is continuing to reform the healthcare system , however . In recent years, an extensive programme of renovation has been undertaken, with the help of external financing from international organisations such as the World Bank.

Headline Industry Forecasts

  • In 2013, the Serbian medical device market was estimated at US$155.4mn, or US$16 per capita. This market size is comparable to Latvia; in per capita terms, the market is similar to Ukraine. The 2008-2013 CAGR was -10.5% but the market is expected to expand at a CAGR of 0.9% over the 2013-2018 period, reaching US$162.8mn, or US$18 per capita by 2018.

  • Around 88% of the medical device market is supplied by imports. Serbia imported medical devices valued at US$137.0mn in 2013; this represented a decrease of 1.1% compared with 2012 and a 2008-2013 CAGR of -11.1%. The running annual import total amounted to US$145.5mn in the 12 months to August 2014, representing a y-o-y increase of 10.9%.

  • Serbia exported medical devices worth US$70.2mn in 2013, representing an increase of 17.3% over 2012 and a 2008-2013 CAGR of 14.4%. The trade deficit decreased from US$78.7mn in 2012 to US$66.8mn in 2013, due to this export growth. The running annual export total amounted to US$80.7mn in the 12 months to August 2014, representing a y-o-y increase of 25.5%.

  • Domestic production of medical equipment and devices is small and largely covers medical supplies such as bandages and syringes, as well as low-tech and small amounts of hi-tech medical equipment. Domestic medical device production is estimated to be around US$80mn.

Headline Industry Risk Reward Ratings

  • Serbia is the second least attractive...

Table of Contents

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
Future Performance 2013-2018
16
Table: Projected Medical Device Market, 2013-2018
17
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
18
Consumables Market Forecast
20
Bandages & Dressings
21
Suturing Materials
21
Syringes, Needles & Catheters
21
Other Consumables
21
Table: Consumables Market, 2008-2018 (US$mn)
22
Table: Consumables Market, 2009-2018 (US$mn % Change)
23
Diagnostic Imaging Market Forecast
24
Electrodiagnostic Apparatus
24
Radiation Apparatus
25
Imaging Parts & Accessories
25
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
26
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
27
Dental Products Market Forecast
28
Capital Equipment
28
Instruments & Supplies
29
Table: Dental Products Market, 2008-2018 (US$mn)
29
Table: Dental Products Market, 2009-2018 (US$mn % Change)
30
Orthopaedics & Prosthetics Market Forecast
31
Fixation Devices
31
Artificial Joints
32
Other Artificial Body Parts
32
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
32
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn % Change)
33
Patient Aids Market Forecast
34
Portable Aids
34
Therapeutic Appliances
34
Table: Patient Aids Market, 2008-2018 (US$mn)
34
Table: Patient Aids Market, 2009-2018 (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)
37
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)
46
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$000s)
55
Monthly Medical Device Imports
58
Table: Monthly Medical Device Imports By Product Area, February 2011-April 2014 (US$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)
69
Table: Detailed Medical Device Export Trends By Product Area, 2013
72
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (US$000s)
76
Table: Detailed Medical Device Trade Balance, 2009-2013 (US$000s)
79
Monthly Medical Device Exports
82
Table: Monthly Medical Device Exports By Product Area, February 2011-April 2014 (US$mn)
82
Macroeconomic Forecasts
84
Economic Analysis
84
Table: Economic Activity (Serbia 2009-2018)
88
Industry Risk Reward Ratings
89
Table: CEE 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
Healthcare System
93
Health Expenditure
95
Key Healthcare Data
97
Table: Key Healthcare Data, 2008-2013
97
Medical Technology
99
Table: Medical Device Technology By Type And Sector, 2010 (Units)
99
Industry Trends And Developments
100
Industry Trends & Developments
100
Table: Projected Health Insurance Revenues For 2013
102
Regulatory Development
105
Medical Device Regulations
105
Table: Serbian Medical Device Regulations, 2010-2012
105
Medical Device Pricing & Reimbursement
107
Competitive Landscape
109
Domestic Medical Device Manufacturing
109
National Medical Device Manufacturers
109
Multinational Medical Device Manufacturers
110
Multinational Market Activity
111
Table: Multinational Market Activity, 2014
111
Medical Device Market Access
112
Market Environment
112
Distribution
112
Trade Fair
112
Methodology
113
Medical Device Market Methodology
113
Trade Code Classifications
114
Table: Used HS Trade Codes, 2014
114
Table: Rearranged HS Trade Codes, 2014
116
Risk/Reward Ratings Methodology
119
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
120
Sources
121
Contact
122

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

Key Benefits

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