Croatia Medical Devices Report

Published 24 April 2015

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Croatia Medical Devices Report

BMI Industry View: The Croatian medical device market is expected to increase by a CAGR of 3 .0% in US dollar terms over the 2013-2018 period. Growth will be driven by EU accession, which took place in July 2013. No major changes are expected to take place in the domestic medical device industry in the short term, so the heavy reliance on imports will continue.

Headline Industry Forecasts

  • In 2013, the Croatian medical device market was estimated at USD214.3mn, or USD50 per capita. This market size is comparable to Bulgaria; in per capita terms, the market is similar to Russia. The 2008-2013 CAGR was estimated at -2.1% in US dollar terms, but the market is expected to expand at a CAGR of 3.0% over the 2013-2018 period, reaching USD248.4mn, or USD59 per capita, by 2018.

  • Around 92% of the medical device market is supplied by imports. Croatia imported medical devices valued at USD198.0mn in 2013; this represented a decrease of 3.6% compared with 2012, and a 2008-2013 CAGR of -2.1%, in US dollar terms. In the 12 months to December 2014, imports rose by 4.1% to USD226.2mn.

  • Croatia is not a major medical device exporter; the total was USD17.8mn in 2013, a decrease of 1.0% compared with 2012 and a 2008-2013 CAGR of -0.8%, in US dollar terms. The trade deficit decreased from -USD187.4mn in 2012 to -USD180.2mn in 2013, due to falling imports. In the 12 months to December 2014, exports rose by 15.8% to USD26.7mn.

  • Croatia has a small domestic production sector, supplying both the domestic market and other countries from the former Yugoslavia. Particular areas of specialism include dental products and orthopaedics & prosthetics. Domestic medical device production is estimated to be in excess of USD30mn.

Headline Industry Risk/Reward Index

  • Croatia is the fourth least attractive market in Central & Eastern Europe in which to commercialise a medical device, according to BMI's Medical Device Risk/Reward Index (RRI). The country's overall score for Q315 is 49.2...

BMI Industry View
7
SWOT
9
Medical Device Market
9
Political
10
Economic
11
Operational Risk
12
Industry Forecast
14
Medical Device Market Forecast
14
2008-2013 Performance
14
2013-2018 Performance
15
Table: Projected Medical Device Market, 2013-2018
16
Table: Detailed Medical Device Market By Product Area, 2008-2018 (USDmn)
17
Consumables Market Forecast
20
Bandages & Dressings
21
Suturing Materials
21
Syringes, Needles & Catheters
21
Other Consumables
21
Table: Consumables Market, 2008-2018 (USDmn)
22
Table: Consumables Market, 2009-2018 (USDmn % Change)
22
Diagnostic Imaging Market Forecast
24
Electrodiagnostic Apparatus
24
Radiation Apparatus
25
Imaging Parts & Accessories
25
Table: Diagnostic Imaging Market, 2008-2018 (USDmn)
25
Table: Diagnostic Imaging Market, 2009-2018 (USDmn % Change)
27
Dental Products Market Forecast
28
Capital Equipment
28
Instruments & Supplies
29
Table: Dental Products Market, 2008-2018 (USDmn)
30
Table: Dental Products Market, 2009-2018 (USDmn % Change)
30
Orthopaedics & Prosthetics Market Forecast
31
Fixation Devices
32
Artificial Joints
32
Other Artificial Body Parts
32
Table: Orthopaedics & Prosthetics Market, 2008-2018 (USDmn)
33
Table: Orthopaedics & Prosthetics Market, 2009-2018 (USDmn % Change)
33
Patient Aids Market Forecast
34
Portable Aids
34
Therapeutic Appliances
35
Table: Patient Aids Market, 2008-2018 (USDmn)
35
Table: Patient Aids Market, 2009-2018 (USDmn % Change)
35
Other Medical Devices Market Forecast
37
Table: Other Medical Devices Market, 2008-2018 (USDmn)
38
Table: Other Medical Devices Market, 2009-2018 (USDmn % Change)
39
Annual Medical Device Imports
40
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s)
44
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s % Change)
45
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
46
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s % Change)
47
Table: Top 20 Medical Device Suppliers, 2013 (USD000s)
49
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (USD000s)
50
Table: Detailed Medical Device Import Trends By Product Area, 2013
53
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (USD000s)
57
Monthly Medical Device Imports
60
Table: Monthly Medical Device Imports By Product Area, December 2011-December 2014 (USDmn)
60
Annual Medical Device Exports
62
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s)
65
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s % Change)
66
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
67
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s % Change)
68
Table: Top 20 Medical Device Destinations, 2013 (USD000s)
71
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (USD000s)
72
Table: Detailed Medical Device Export Trends By Product Area, 2013
75
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (USD000s)
78
Table: Detailed Medical Device Trade Balance, 2009-2013 (USD000s)
81
Monthly Medical Device Exports
85
Table: Monthly Medical Device Exports By Product Area, December 2011-December 2014 (USDmn)
85
Macroeconomic Forecasts
87
Economic Analysis
87
Table: Economic Activity (Croatia 2010-2019)
92
Industry Risk/Reward Index
93
Table: CEE Medical Device Risk/Reward Index, Q315
94
Market Overview
95
Medical Device Market Overview
95
Table: Medical Device Market, Key Ratios, 2013
96
Table: Medical Device Market By Product Area, 2013
96
Healthcare Overview
97
Health Status
97
Healthcare System
98
Healthcare Funding
101
Healthcare Resources
104
Table: Medical Device Technology By Type & Sector, 2010 (Units)
106
Healthcare Activity
107
Healthcare Personnel
107
Key Healthcare Data
107
Table: Key Healthcare Data, 2009-2014
107
Industry Trends And Developments
110
Regulatory Development
115
Medical Device Regulations
115
Competent Authority
115
Notified Bodies
115
Regulations
115
Marketing Authorisation
115
Fees
117
Table: Medical Device Registration And Licence Fees
117
EU Medical Device Regulations
118
Designated Authorities
118
Existing Regulations
118
Proposed Regulatory Changes
119
Implications For The Industry
122
Medical Device Pricing & Reimbursement
124
Competent Authorities
124
Reimbursement
124
Procurement
124
Competitive Landscape
126
Domestic Medical Device Production
126
Table: Medical Device Production By Detailed Product Area, 2009-2013 (EURmn)
126
Table: Medical Device Production By Detailed Product Area, 2009-2013 (USDmn)
129
Table: Medical Device Production By Detailed Product Area, 2009-2013 (% Distribution)
132
Domestic Medical Device Manufacturing
136
National Medical Device Manufacturers
136
Multinational Market Activity
137
Table: Multinational Market Activity, 2015
137
Medical Device Market Access
138
Market Environment
138
Distribution
138
Trade Fair
138
Methodology
140
Forecast Methodology
140
Trade Code Classifications
141
Table: Used HS Trade Codes
141
Table: Rearranged HS Trade Codes
143
Risk/Reward Index Methodology
146
Table: Medical Devices Risk/Reward Index Indicators
147
Sources
149
Contact
150

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.

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