Croatia Medical Devices Report

Providing expert analysis, independent forecasts and competitive intelligence on the medical devices industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, Industry Risk Reward Index, Regulatory Development, Competitive Landscape and Regional and Country Industry Overviews.

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Croatia Medical Devices Report
Product Price
$1,295.00

BMI View : We expect the Croatian medical device market to increase by a CAGR of 2.7% in US dollar terms over the 2014-2019 period. The market will benefit from positive economic growth in 2015, following six consecutive years of contractions, as well as recovering demand from Croatia's main eurozone trading partners. The market will continue to remain heavily reliant on imports.

Projected Medical Device Market, 2014-2019
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2014 257.5 60.3 1,466.0 343.2 5.7
2015 211.5 49.7 1,479.7 347.7 7.0
2016 213.8 50.4 1,551.3 365.9 7.3
2017 226.6 53.6 1,652.0 391.0 7.3
2018 252.0 59.8 1,789.3 424.9 7.1
2019 294.5 70.2 1,921.7 457.8 6.5

Latest Updates and Key Forecasts

  • We forecast that the market will register a 2014-2019 CAGR of 5.6% in local currency terms, which is higher than the 2009-2014 CAGR of 2.2%. In US dollar terms, the 2014-2019 CAGR will be lower at 2.7%, due to the projected depreciation of the Croatian kuna over the next three years. We expect the market to increase from USD257.5mn in 2014 to USD294.5mn in 2019.

  • We expect import growth to remain weak in US dollar terms in 2015, due to the depreciation of the Croatian kuna and the low level of economic growth. In the 12 months to July 2015, imports fell by 0.8% to USD229.1mn.

  • Due to the depreciation of the Croatian kuna, we believe that exports will post negative growth in US dollar terms in 2015. In the 12 months to July 2015, exports fell by 6.9% to USD26.0mn.

  • In August 2015, the MoH published the results of a health technology analysis that was carried out in order to determine where the purchase of new equipment is required, as well as where services need to be brought into line with European standards and meet the needs of patients more adequately. The results show that there are significant differences in efficiency between hospitals of the same category as well as considerable differences in effectiveness between different departments at individual hospitals.

BMI Industry View
7
SWOT
9
Medical Device Market
9
Political
11
Economic
12
Operational Risk
13
Industry Forecast
15
Medical Device Market Forecast
15
2014-2019 Performance
15
Table: Projected Medical Device Market, 2014-2019
16
2009-2014 Performance
16
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
17
Consumables Market Forecast
21
Bandages & Dressings
22
Suturing Materials
22
Syringes, Needles & Catheters
22
Other Consumables
22
Table: Consumables Market, 2009-2019 (USDmn)
23
Table: Consumables Market, 2010-2019 (USDmn % Change)
24
Diagnostic Imaging Market Forecast
25
Electrodiagnostic Apparatus
26
Radiation Apparatus
26
Imaging Parts & Accessories
26
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
27
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
28
Dental Products Market Forecast
29
Capital Equipment
30
Instruments & Supplies
30
Table: Dental Products Market, 2009-2019 (USDmn)
31
Table: Dental Products Market, 2010-2019 (USDmn % Change)
31
Orthopaedics & Prosthetics Market Forecast
32
Fixation Devices
33
Artificial Joints
33
Other Artificial Body Parts
33
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
34
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
34
Patient Aids Market Forecast
35
Portable Aids
36
Therapeutic Appliances
36
Table: Patient Aids Market, 2009-2019 (USDmn)
36
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
36
Other Medical Devices Market Forecast
39
Table: Other Medical Devices Market, 2009-2019 (USDmn)
40
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
41
Annual Medical Device Imports
42
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
47
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s % Change)
48
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
49
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s % Change)
50
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
52
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
53
Table: Detailed Medical Device Import Trends By Product Area, 2014
56
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
60
Monthly Medical Device Imports
63
Table: Monthly Medical Device Imports By Product Area, April 2012-April 2015 (USDmn)
63
Annual Medical Device Exports
65
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
69
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s % Change)
70
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
71
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s % Change)
72
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
75
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
76
Table: Detailed Medical Device Export Trends By Product Area, 2014
79
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
82
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
85
Monthly Medical Device Exports
89
Table: Monthly Medical Device Exports By Product Area, April 2012-April 2015 (USDmn)
89
Macroeconomic Forecasts
91
Economic Analysis
91
Table: Economic Activity (Croatia 2010-2019)
96
Industry Risk/Reward Index
97
Table: CEE Medical Device Risk/Reward Index, Q415
98
Market Overview
99
Medical Device Market Overview
99
Table: Medical Device Market, Key Ratios, 2014
100
Table: Medical Device Market By Product Area, 2014
100
Healthcare Overview
101
Health Status
101
Healthcare System
102
Healthcare Funding
105
Healthcare Resources
108
Table: Medical Device Technology By Type & Sector, 2010 (Units)
110
Healthcare Activity
111
Healthcare Personnel
111
Key Healthcare Data
111
Table: Key Healthcare Data, 2009-2014
111
Industry Trends And Developments
114
Regulatory Development
120
Medical Device Regulations
120
Competent Authority
120
Notified Bodies
120
Regulations
120
Marketing Authorisation
120
Fees
122
Table: Medical Device Registration And Licence Fees
122
EU Medical Device Regulations
123
Designated Authorities
123
Existing Regulations
124
Proposed Regulatory Changes
125
Implications For The Industry
128
Medical Device Pricing & Reimbursement
131
Competent Authorities
131
Reimbursement
131
Procurement
131
Competitive Landscape
133
Domestic Medical Device Production
133
Table: Detailed Medical Device Production By Product Area, 2010-2014 (EURmn)
133
Table: Detailed Medical Device Production By Product Area, 2010-2014 (USDmn)
136
Table: Detailed Medical Device Production By Product Area, 2010-2014 (% Distribution)
139
Domestic Medical Device Manufacturing
143
National Medical Device Manufacturers
143
Multinational Market Activity
144
Table: Multinational Market Activity, 2015
144
Medical Device Market Access
145
Market Environment
145
Distribution
145
Trade Fair
145
Methodology
147
Forecast Methodology
147
Trade Code Classifications
148
Table: Rearranged HS Trade Codes
149
Risk/Reward Index Methodology
152
Table: Medical Devices Risk/Reward Index Indicators
153
Sources
155
Contact
156

The Croatia Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a BMI Research's 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 Croatia provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Croatia Medical Devices industry.

Key Benefits

  • Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Croatia, 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 Croatia.
  • Target Business Opportunities in the Croatia Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Croatia.
  • 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: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices. Additionally, presents annual and monthly import and export trade data.

Macroeconomic Forecasts

Presents macroeconomic forecasts impacting the medical devices market.

Industry Risk Reward Index

Risk Reward Indices 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 trends shaping the market, focusing on health status, healthcare system, healthcare funding, healthcare resources, healthcare activity and healthcare personnel. Includes historical healthcare data.

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

A focus on government healthcare reforms, epidemiological trends, mergers and acquisitions, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.

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.

Methodology

Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.