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: We forecast that the small Cuban market will register moderate growth of 7.6% over the forecast period, supported by stronger economic growth. The market will rely on imports from mainly Europe and China, and increasingly from Japan . US suppliers cannot compete due to the US economic embargo but opportunities will exist in a post-embargo era . Opportunities remain for other foreign companies, particularly from the fellow communist China.

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

  • We maintain that the market will register a moderate 2014-2019 CAGR of 7.6% in US dollar terms, which will take expenditure to USD182.5mn. Market growth will slow down over the 2017-2019 period, following a double-digit rise in 2016.

  • Import reliance will remain strong despite the government's efforts to contain imports. Imports rose by 31.0% in US dollar terms to USD38.3mn in Q215, and increased by 18.6% in US dollar terms to USD123.1mn in the 12 months to June 2015. In comparison, imports rose by only 0.7% in 2014, reaching USD110.9mn.

  • 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. Exports fell by 93.7% in US dollar terms to USD0.7mn in the 12 months to June 2015.

  • Improved US-Cuban diplomatic relations will drive scientific exchanges. Although these are positive steps, the amendments are limited, with minor repercussions for the market.

BMI Industry View
7
SWOT
9
Medical Device Market
9
Political
11
Economic
12
Operational Risk
13
Industry Forecast
14
Medical Device Market Forecast
14
2014-2019 Performance
14
Table: Projected Medical Device Market, 2014-2019
15
2009-2014 Performance
15
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
16
Consumables Market Forecast
21
Bandages & Dressings
21
Suturing Materials
21
Syringes, Needles & Catheters
21
Other Consumables
22
Table: Consumables Market, 2009-2019 (USDmn)
23
Table: Consumables Market, 2010-2019 (USDmn % Change)
24
Diagnostic Imaging Market Forecast
26
Electrodiagnostic Apparatus
26
Radiation Apparatus
26
Imaging Parts & Accessories
27
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
28
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
29
Dental Products Market Forecast
31
Capital Equipment
31
Instruments & Supplies
31
Table: Dental Products Market, 2009-2019 (USDmn)
32
Table: Dental Products Market, 2010-2019 (USDmn % Change)
33
Orthopaedics & Prosthetics Market Forecast
35
Fixation Devices
35
Artificial Joints
36
Other Artificial Body Parts
36
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
36
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
37
Patient Aids Market Forecast
38
Portable Aids
38
Therapeutic Appliances
38
Table: Patient Aids Market, 2009-2019 (USDmn)
39
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
39
Other Medical Devices Market Forecast
41
Table: Other Medical Devices Market, 2009-2019 (USDmn)
41
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
42
Annual Medical Device Imports
44
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
46
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s % Change)
47
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
48
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s % Change)
49
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)
59
Monthly Medical Device Imports
62
Table: Monthly Medical Device Imports By Product Area, November 2012 - May 2015 (USDmn)
62
Annual Medical Device Exports
64
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
66
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s % Change)
67
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
68
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s % Change)
69
Table: Top 14 Medical Device Destinations, 2014 (USD000s)
71
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
72
Table: Detailed Medical Device Export Trends By Product Area, 2014
75
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
78
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
81
Monthly Medical Device Exports
84
Table: Monthly Medical Device Exports By Product Areas, November 2012 - May 2015 (USDmn)
84
Macroeconomic Forecast
86
Economic Analysis
86
Table: Macroeconomic Forecasts (Cuba 2011-2019)
89
Industry Risk/Reward Index
90
Table: Americas Medical Device Risk/Reward Index, Q415
91
Market Overview
92
Medical Device Market Overview
92
Table: Medical Device Market, Key Ratios, 2014
92
Table: Medical Device Market By Product Area, 2014
93
Healthcare Overview
93
Health Status
93
Healthcare System
94
Public Healthcare Providers
95
Healthcare Funding
95
Healthcare Resources
95
Healthcare Services
96
Healthcare Personnel
97
Key Healthcare Data
98
Table: Key Healthcare Data, 2009-2014
98
Industry Trends And Developments
101
Industry Trends & Developments
101
Regulatory Development
105
Medical Device Regulations
105
Competent Authority
105
Regulations
105
Table: Medical Device Regulations, 1992-2015
106
Registrations
107
Table: Registration Fees By Class And Complexity Type, October 1 2014 (CUP)
107
Table: Renewal Fees By Class And Complexity Type, October 1 2014 (CUP)
108
Competitive Landscape
109
Domestic Medical Device Manufacturing
109
National Medical Device Manufacturers
109
Multinational Market Activity
112
Medical Device Market Access
113
Market Environment
113
Distribution
113
Trade Embargo
114
Trade Association
114
Table: Biotechnology, Pharmaceutical & Healthcare's Members Of CAMARACUBA, 2010
115
Trade Shows & Congresses
116
Methodology
119
Forecast Methodology
119
Trade Code Classifications
120
Table: Rearranged HS Trade Codes
121
Risk/Reward Index Methodology
124
Table: Medical Devices Risk/Reward Index Indicators
125
Sources
127
Contact
128

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.