Cuba 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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Cuba Medical Devices Report
Product Price
$1,295.00

BMI View: The Cuban medical device market will remain small but register moderate growth over the forecast period, supported by stronger economic growth. The market will continue to rely on imports from mainly China, Europe and Japan . Post embargo opportunities for US medical device companies will be difficult, as a full repeal of sanctions will remain elusive.

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 126.4 11.2 126.4 11.2 1.0
2015 139.5 12.4 139.5 12.4 1.0
2016 153.9 13.7 153.9 13.7 1.0
2017 164.3 14.6 164.3 14.6 1.0
2018 175.4 15.7 175.4 15.7 1.0
2019 182.5 16.3 182.5 16.3 1.0

Latest Forecasts And Key Updates

  • The market will register a 2014-2019 CAGR of 7.6%. Market growth will benefit from higher economic growth in the coming decade due to incremental reforms on the part of the government and greater engagement with the global economy.

  • Import reliance will remain strong despite the government's efforts to contain imports. Preliminary data indicate that imports rose by 6.9% y-o-y in US dollar terms to USD31.6mn in Q415, and increased by 28.6% in US dollar terms to USD141.6mn in the 12 months to December 2015. In comparison, imports rose by only 0.7% to USD110.9mn in 2014.

  • Cuba will remain a small exporter, and the amount will fluctuate each year. The reason will be the rise and fall in exports to Venezuela, which receives most Cuban exports. Following the collapse in the price of crude, an already fragile Venezuelan economy will pose additional challenges for Cuban exports. Preliminary data suggest that exports fell by 77.4% to USD0.8mn in the 12 months to December 2015.

  • The historic agreement signed between the US and Cuba in June 2016 will benefit public healthcare access in both countries. This foundation will encourage further collaboration but it will take time before concrete actions can benefit US medical device companies. As a result, companies from mainly China, Europe and Japan will continue to supply the Cuban medical device market.

BMI Industry View
7
Table: Projected Medical Device Market, 2014-2019
7
Latest Forecasts And Key Updates
7
SWOT
8
Medical Device Market
8
Industry Forecast
10
Medical Device Market Forecast
10
Latest Updates
10
Structural Trends
10
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
12
Consumables Market Forecast
16
Latest Updates
16
Structural Trends
16
Bandages & Dressings
16
Suturing Materials
17
Syringes, Needles & Catheters
17
Other Consumables
17
Table: Consumables Market, 2009-2019 (USDmn)
18
Table: Consumables Market, 2010-2019 (USDmn % Change)
19
Diagnostic Imaging Market Forecast
21
Latest Updates
21
Structural Trends
21
Electrodiagnostic Apparatus
21
Radiation Apparatus
22
Imaging Parts & Accessories
22
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
23
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
24
Dental Products Market Forecast
26
Latest Updates
26
Structural Trends
26
Capital Equipment
26
Instruments & Supplies
27
Table: Dental Products Market, 2009-2019 (USDmn)
27
Table: Dental Products Market, 2010-2019 (USDmn % Change)
28
Orthopaedics & Prosthetics Market Forecast
30
Latest Updates
30
Structural Trends
30
Fixation Devices
31
Artificial Joints
31
Other Artificial Body Parts
31
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
32
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
32
Patient Aids Market Forecast
34
Latest Updates
34
Structural Trends
34
Portable Aids
34
Therapeutic Appliances
35
Table: Patient Aids Market, 2009-2019 (USDmn)
35
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
36
Other Medical Devices Market Forecast
38
Latest Updates
38
Structural Trends
38
Table: Other Medical Devices Market, 2009-2019 (USDmn)
39
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
40
Annual Medical Device Imports
42
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
45
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
46
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
48
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
49
Table: Detailed Medical Device Import Trends By Product Area, 2014
52
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
55
Monthly Medical Device Imports
58
Table: Monthly Medical Device Imports By Product Area, Year Ending December 2015 (USDmn)
58
Annual Medical Device Exports
59
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
61
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
62
Table: Top 14 Medical Device Destinations, 2014 (USD000s)
64
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
65
Table: Detailed Medical Device Export Trends By Product Area, 2014
68
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
71
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
74
Monthly Medical Device Exports
77
Table: Monthly Medical Device Exports By Product Areas, Year Ending December 2015 (USDmn)
77
Industry Risk/Reward Index
78
Table: Americas Medical Device Risk/Reward Index, Q316
79
Market Overview
80
Medical Device Market Overview
80
Table: Medical Device Market, Key Ratios, 2015
80
Table: Medical Device Market By Product Area, 2015
81
Healthcare Overview
81
Health Status
81
Healthcare System
83
Public Healthcare Providers
84
Healthcare Funding
84
Healthcare Resources
85
Healthcare Services
86
Healthcare Personnel
86
Key Healthcare Data
87
Table: Key Healthcare Data, 2010-2015
87
Industry Trends And Developments
90
Industry Trends & Developments
90
Regulatory Development
93
Medical Device Regulations
93
Competent Authority
93
Regulations
93
Table: Medical Device Regulations, 1992-2016
94
Registrations
96
Table: Registration Fees By Class And Complexity Type, Since October 1 2014 (CUP)
97
Table: Renewal Fees By Class And Complexity Type, Since October 1 2014 (CUP)
97
Competitive Landscape
98
Domestic Medical Device Manufacturing
98
National Medical Device Manufacturers
98
CNOT Cuba/RDA
98
Frank Pa-s
98
ICID
100
MATHISA
100
Neuronic
101
Multinational Market Activity
102
Medical Device Market Access
102
Market Environment
102
Distribution
102
Trade Embargo
103
Trade Association
104
Trade Shows & Congresses
104
Methodology
106
Forecast Methodology
106
Trade Code Classifications
107
Table: Rearranged HS Trade Codes
108
Risk/Reward Index Methodology
111
Table: Medical Devices Risk/Reward Index Indicators
112
Sources
114
Contact
115

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

Key Benefits

  • Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Cuba, 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 Cuba.
  • Target Business Opportunities in the Cuba Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Cuba.
  • 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.