Croatia Medical Devices Report

Published 23 January 2015

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Croatia Medical Devices Report

BMI Industry View: The Croatian medical device market will continue to contract in 2014, in line with poor GDP performance, but it 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. Closer integration into the EU should lead to rising living standards and greater scope for increases in health expenditure. 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 September 2014, imports rose by 9.8% to USD218.5mn

  • 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 September 2014, exports rose by 43.4% to USD25.2mn.

  • 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...

Table of Contents

BMI Industry View
7
SWOT
9
Medical Device Market
9
Political
10
Economic
11
Industry Forecast
12
Medical Device Market Forecast
12
2008-2013 Performance
12
2013-2018 Performance
13
Table: Projected Medical Device Market, 2013-2018
14
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
15
Consumables Market Forecast
18
Bandages & Dressings
19
Suturing Materials
19
Syringes, Needles & Catheters
19
Other Consumables
19
Table: Consumables Market, 2008-2018 (US$mn)
20
Table: Consumables Market, 2009-2018 (US$mn % Change)
20
Diagnostic Imaging Market Forecast
22
Electrodiagnostic Apparatus
22
Radiation Apparatus
23
Imaging Parts & Accessories
23
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
23
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
25
Dental Products Market Forecast
26
Capital Equipment
26
Instruments & Supplies
27
Table: Dental Products Market, 2008-2018 (US$mn)
28
Table: Dental Products Market, 2009-2018 (US$mn % Change)
28
Orthopaedics & Prosthetics Market Forecast
29
Fixation Devices
30
Artificial Joints
30
Other Artificial Body Parts
30
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
31
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn % Change)
31
Patient Aids Market Forecast
32
Portable Aids
32
Therapeutic Appliances
33
Table: Patient Aids Market, 2008-2018 (US$mn)
33
Table: Patient Aids Market, 2009-2018 (US$mn % Change)
33
Other Medical Devices Market Forecast
35
Table: Other Medical Devices Market, 2008-2018 (US$mn)
36
Table: Other Medical Devices Market, 2009-2018 (US$mn % Change)
37
Annual Medical Device Imports
38
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s)
42
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s % Change)
43
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
44
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s % Change)
45
Table: Top 20 Medical Device Suppliers, 2013 (US$000s)
47
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (US$000s)
48
Table: Detailed Medical Device Import Trends By Product Area, 2013
51
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (US$000s)
55
Monthly Medical Device Imports
58
Table: Monthly Medical Device Imports By Product Area, June 2011-June 2014 (US$mn)
58
Annual Medical Device Exports
60
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s)
63
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s % Change)
64
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
65
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s % Change)
66
Table: Top 20 Medical Device Destinations, 2013 (US$000s)
69
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (US$000s)
70
Table: Detailed Medical Device Export Trends By Product Area, 2013
73
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (US$000s)
76
Table: Detailed Medical Device Trade Balance, 2009-2013 (US$000s)
79
Monthly Medical Device Exports
83
Table: Monthly Medical Device Exports By Product Area, June 2011-June 2014 (US$mn)
83
Macroeconomic Forecasts
85
Croatia- Recovery To Lag Behind Europe
85
Table: Economic Activity (Croatia 2009-2018)
90
Industry Risk Reward Ratings
91
Table: CEE Medical Device Risk/Reward Ratings, Q115
92
Market Overview
93
Medical Device Market Overview
93
Table: Medical Device Market, Key Ratios, 2013
94
Table: Medical Device Market By Product Area, 2013
94
Healthcare Overview
95
Health Status
95
Healthcare System
96
Healthcare Funding
99
Healthcare Resources
102
Table: Medical Device Technology By Type & Sector, 2010 (Units)
103
Healthcare Activity
104
Healthcare Personnel
104
Key Healthcare Data
104
Table: Key Healthcare Data, 2008-2013
104
Industry Trends And Developments
107
Regulatory Development
111
Medical Device Regulations
111
Competent Authority
111
Notified Bodies
111
Regulations
111
Marketing Authorisation
111
Fees
113
Table: Medical Device Registration And Licence Fees, 2014
113
EU Medical Device Regulations
114
Designated Authorities
114
Existing Regulations
114
Proposed Regulatory Changes
115
Implications For The Industry
117
Medical Device Pricing & Reimbursement
119
Competent Authorities
119
Reimbursement
119
Procurement
120
Competitive Landscape
122
Domestic Medical Device Production
122
Table: Medical Device Production By Detailed Product Area, 2009-2013 (EURmn)
122
Table: Medical Device Production By Detailed Product Area, 2009-2013 (US$mn)
125
Table: Medical Device Production By Detailed Product Area, 2009-2013 (% Distribution)
128
Domestic Medical Device Manufacturing
132
National Medical Device Manufacturers
132
Multinational Market Activity
133
Table: Multinational Market Activity, 2014
133
Medical Device Market Access
134
Market Environment
134
Distribution
134
Trade Fair
134
Methodology
136
Medical Device Market Methodology
136
Trade Code Classifications
137
Table: Used HS Trade Codes, 2014
137
Table: Rearranged HS Trade Codes, 2014
139
Risk/Reward Ratings Methodology
142
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
143
Sources
144
Contact
145

The Croatia 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 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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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