Business Monitor International

Slovakia Medical Devices Report

Published 22 October 2014

  • 157 pages
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  • Includes 3 free updated quarterly reports
Slovakia Medical Devices Report

BMI Industry View: The Slovaki an medical device market is expected to grow by a CAGR of 3.9 % 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$545.0mn, or US$100 per capita. This market size is comparable to Hungary, while per capita expenditure is similar to Estonia. The 2008-2013 CAGR was estimated at 2.1% but the market is expected to expand at a CAGR of 3.9% over the 2013-2018 period, reaching US$659.9mn, or US$121 per capita, by 2018.

  • Around 88% of the medical device market is supplied by imports. Slovakia imported medical devices valued at US$482.1mn in 2013; this represented an increase of 7.6% over 2012 and a 2008-2013 CAGR of 1.5%. Imports grew every year between 2004 and 2013, except for 2009. In the 12 months to August 2014, imports increased by 12.2% to US$517.9mn.

  • Slovakia exported medical devices worth US$221.5mn in 2013, representing a decrease of 7.7% compared with 2012 and a 2008-2013 CAGR of -2.4%. The trade deficit increased from -US$208.0mn in 2012 to -US$260.5mn in 2013, due to import growth. In the 12 months to August 2014, exports increased by 15.4% to US$252.9mn.

  • 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 eighth most...

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

Key Benefits

  • Benchmark BMI's Medical Devices market 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 demographic trends, regulatory developments, investment dynamics and domestic demand in Slovakia.
  • 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.


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 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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'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