Business Monitor International


Slovakia Medical Devices Report

Published 31 March 2014

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

Espicom Industry View: The Slovaki an medical device market is expected to grow by a CAGR of 5.8 % over the 2013-2018 period, as the economy grows and health spending remains at a high level . Slovakia is heavily reliant on imported medical devices despite the presence of an established medical device industry. Health spending is high for the region, in per capita terms and as a percentage of GDP. If the government is successful in creating a single health insure r , the amount of funding within the health system should increase.

Headline Industry Forecasts

  • In 2013, the Slovakian medical device market was estimated at US$583.7mn, or US$106 per capita. This market size is comparable to Hungary; in per capita terms, the market is similar to Spain. The 2008-2013 CAGR is estimated at 3.5% but the market is expected to expand at a CAGR of 5.8% over the 2013-2018 period, reaching US$774.7mn, or US$140 per capita by 2018.

  • Around 88% of the medical device market is supplied by imports. Slovakia imported medical devices valued at US$451.7mn in 2012; this represented an increase of 2.5% over 2011 and a 2007-2012 CAGR of 9.6%. Imports grew every year between 2003 and 2012, except for 2009.

  • Slovakia exported medical devices worth US$242.1mn in 2012, representing an increase of 2.7% over 2011 and a 2007-2012 CAGR of 6.3%. The trade deficit increased from -US$205.1mn in 2011 to -US$209.7mn in 2012, due to import growth.

  • Slovakia has an established medical device manufacturing sector although domestic companies struggle to compete with Western manufacturers in terms of product quality or innovation. Areas of specialism include X-ray and dental products. Domestic medical device production is estimated to be in excess of US$300mn.

Headline Industry Risk /Reward Ratings

  • Slovakia is the 10 th most attractive market in Central & Eastern Europe (CEE) in which to commercialise a medical device, according to BMI Espicom's Medical Device Risk/Reward Ratings...

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$mn, % Change)
25
Consumables Market Forecast
28
Table: Consumables Market, 2008-2018 (USmn)
29
Table: Consumables Market, 2008-2018 (US$ 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)
45
Table: Patient Aids Market, 2008-2018 (US$ Per Capita)
46
Table: Patient Aids Market, 2009-2018 (US$mn % Change)
47
Other Medical Devices Market Forecast
48
Table: Other Medical Devices Market, 2008-2018 (US$mn)
48
Table: Other Medical Devices Market, 2008-2018 (US$ Per Capita)
49
Table: Other Medical Devices Market, 2009-2018 (US$mn % Change)
50
Annual Medical Device Imports
53
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s)
56
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s, % Change)
57
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s)
58
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s, % Change)
59
Table: Medical Device Imports By Product Area, 2008-2012 (% Distribution)
61
Table: Leading Medical Device Suppliers By Product Area, 2012 (US$000s)
64
Table: Leading Medical Device Suppliers By Product Area, 2012 (% Distribution)
65
Table: Top 20 Medical Device Suppliers, 2012 (US$000s)
66
Table: Detailed Medical Device Imports By Product Area, 2008-2012 (US$000s)
67
Table: Detailed Medical Device Import Trends By Product Area, 2012
70
Table: Detailed Leading Medical Device Suppliers By Product Area, 2012 (US$000s)
74
Monthly Medical Device Imports
77
Table: Monthly Medical Device Imports By Product Area, October 2010-November 2013 (US$mn)
77
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)
90
Table: Leading Medical Device Destinations By Product Area, 2012 (% Distribution)
91
Table: Top 20 Medical Device Destinations, 2012 (US$000s)
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$000s)
103
Monthly Medical Device Exports
106
Table: Monthly Medical Device Exports By Product Area, October 2010-November 2013 (US$mn)
106
Macroeconomic Forecasts
108
Table: Slovakia - Gdp By Expenditure
113
Industry Risk Reward Ratings
114
Industry Risk Reward Ratings
114
Table: Central & Eastern Europe Medical Device Risk/Reward Ratings, Q214
115
Market Overview
116
Medical Device Market Overview
116
Table: Medical Device Market, Key Ratios, 2013
116
Table: Medical Device Market By Product Area, 2013
117
Healthcare Overview
118
Healthcare System
118
Health Insurance
121
EU Directive Cross-Border Care
125
Health Expenditure
126
Key Healthcare Data
126
Table: Key Healthcare Data, 2008-2013
126
Medical Technology
128
Table: Medical Technology By Type, 2005-2011 (Units)
128
Industry Trends And Developments
130
Industry Trends And Developments
130
Regulatory Development
132
Medical Device Regulations
132
Competent Authority
132
Notified Bodies
132
Regulations
132
EU Medical Device Regulations
132
Designated Authorities
132
Existing Regulations
133
Proposed Regulatory Changes
134
Implications For The Industry
136
Medical Device Pricing & Reimbursement
136
Competitive Landscape
138
Domestic Medical Device Production
138
Table: Detailed Medical Device Production By Product Area, 2008-2012 (EURmn)
138
Table: Detailed Medical Device Production By Product Area, 2008-2012 (US$mn)
141
Table: Detailed Medical Device Production By Product Area, 2008-2012 (% Distribution)
144
Domestic Medical Device Manufacturing
148
National Medical Device Manufacturers
148
Multinational Market Activity
149
Table: Multinational Market Activity, 2014
149
Medical Device Market Access
150
Market Environment
150
Distribution
150
Trade Fair
150
Methodology
152
Medical Device Market Methodology
152
Trade Code Classifications
153
Table: Used HS Trade Codes, 2014
153
Table: Rearranged HS Trade Codes, 2014
155
Risk/Reward Ratings Methodology
158
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
159
Sources
160
Contact
161

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

Key Benefits

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