Business Monitor International


Serbia Medical Devices Report

Published 08 April 2014

  • 143 pages
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$1,295.00
Serbia Medical Devices Report

Espicom Industry View: The Serbi an medical device market is expected to grow by a CAGR of 2. 2 % 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$171.4mn, or US$24 per capita. This market size is comparable to Estonia; in per capita terms, the market is similar to Romania. The 2008-2013 CAGR was estimated at -8.7% but the market is expected to expand at a CAGR of 2.2% over the 2013-2018 period, reaching US$191.2mn, or US$27 per capita by 2018.

  • Around 90% of the medical device market is supplied by imports. Serbia imported medical devices valued at US$137.0mn in 2012; this represented a decrease of 23.7% compared with 2011 and a 2007-2012 CAGR of -8.7%. Imports grew every year between 2003 and 2011, except for 2009-2010. The running annual import total amounted to US$132.8mn in the 12 months to November 2013, representing a y-o-y decrease of 5.2%.

  • Serbia exported medical devices worth US$59.8mn in 2012, representing a decrease of 1.8% compared with 2011 and a 2007-2012 CAGR of 9.0%. The trade deficit decreased notably from -US$118-.6 in 2011 to -US$77.2mn in 2012, due to falling imports. The running annual export total amounted to US$68.6mn in the 12 months to November 2013, representing a y-o-y increase of 14.2%.

  • 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...

Table of Contents

Espicom Industry View
7
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
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)
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
71
Table: Detailed Leading Medical Device Suppliers by Product Area, 2012 (US$000s)
74
Monthly Medical Device Imports
77
Table: Monthly Medical Device Imports By Product Area, August 2010-August 2013 (US$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)
88
Table: Leading Medical Device Destinations By Product Area, 2012 (% Distribution)
89
Table: Top 20 Medical Device Destinations, 2012 (US$000s)
91
Table: Detailed Medical Device Exports By Product Area, 2008-2012 (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 Balance Of Trade, 2008-2012 (US$000s)
102
Monthly Medical Device Exports
105
Table: Monthly Medical Device Exports, August 2010-August 2013 (US$mn)
105
Macroeconomic Forecasts
107
Economic Analysis
107
Table: Serbia - Economic Activity
111
Industry Risk Reward Ratings
112
Table: Espicom Analysis Of The Medical Device Market, 2013
112
Market Overview
114
Medical Device Market Overview
114
Table: Medical Device Market, Key Ratios, 2013
115
Table: Medical Device Market By Product Area, 2013
116
Healthcare Overview
117
Healthcare System
117
Health Expenditure
119
Key Data
120
Table: Key Data, 2008-2013
120
Medical Technology
122
Table: Medical Device Technology By Type And Sector, 2010 (Units)
122
Industry Trends And Developments
123
Industry Trends & Developments
123
Table: Projected Health Insurance Revenues For 2013
125
Regulatory Development
127
Medical Device Regulations
127
Table: Serbian Medical Device Regulations, 2010-2012
127
Medical Device Pricing & Reimbursement
129
Competitive Landscape
131
Domestic Medical Device Manufacturing
131
National Medical Device Manufacturers
131
Multinational Medical Device Manufacturers
132
Multinational Market Activity
133
Table: Multinational Market Activity, 2013
133
Medical Device Market Access
134
Market Environment
134
Distribution
134
Trade Fair
134
Methodology
136
Table: Used HS Trade Codes, 2013
137
Table: Rearranged HS Trade Codes, 2013
139

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

Key Benefits

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