Estonia Medical Devices Report

Published 28 August 2015

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Estonia Medical Devices Report

BMI Industry View: We forecast t he medical device market to grow by a CAGR of 2.3% between 201 4 and 201 9 , compared with a CAGR of 6.1% for the 2009 -201 4 period . T he small size of the market limits the scope for the purchase of more expensive items. The medical device market is largely supplied by imports, principally from Western suppliers. The trade balance has been positive since 20 13 , due to sizable export s of patien t aids and other medical devices . There is a small domestic production sector but this tends to concentrate on exports to Western Europe and former Soviet countries .

Headline Industry Forecasts

  • In US dollar terms, we expect the market to decline by 16.5% in 2015 to USD142.6mn, due to the weak euro, which is set to depreciate by over 20% against the US dollar in 2015. A further 2% depreciation forecast for 2016 will result in market growth of just 1.8% and the market will register stronger growth from 2017 onwards as the euro gradually appreciates. The 2014-2019 CAGR is projected at 2.3%, ranging from 0.7% for consumables to 3.4% for dental products. The market is forecast to increase from USD170.7mn in 2014 to USD191.5mn in 2019.

  • Medical device imports decreased by 14.2% in the 12 months up to May 2015, to USD121.1mn. All sectors showed a decline over the period, with the biggest drops seen in patient aids and diagnostic imaging, which fell by 44.7% to USD14.0mn, and by 22.4% to USD14.4mn respectively. The smallest decline was seen in other medical products, which fell by 2.6% to USD47.1mn, and remained the largest sector overall.

  • Medical device exports decreased by 15.7% in the 12 months to May 2015, to USD118.5mn. The only sectors to see growth were consumables and dental products, which rose by 22.3% and 7.2% to USD16.5mn and USD1.6mn. Meanwhile, exports of patient aids fell by 22.4% to USD30.1mn, other medical devices by 20.3% to USD59.3mn, diagnostic imaging by 17.6% to USD5.8mn and...

BMI Industry View
7
SWOT
9
Medical Device Market
9
Political
10
Economic
11
Operational Risk
12
Industry Forecast
13
Medical Device Market Forecast
13
2008-2013 Performance
13
2013-2018 Performance
14
Table: Projected Medical Device Market, 2013-2018
15
Table: Detailed Medical Device Market By Product Area, 2008-2018 (USDmn)
16
Consumables Market Forecast
19
Bandages & Dressings
19
Suturing Materials
19
Syringes, Needles & Catheters
19
Other Consumables
20
Table: Consumables Market, 2008-2018 (USDmn)
20
Table: Consumables Market, 2009-2018 (USDmn % Change)
21
Diagnostic Imaging Market Forecast
22
Electrodiagnostic Apparatus
22
Radiation Apparatus
23
Imaging Parts & Accessories
23
Table: Diagnostic Imaging Market, 2008-2018 (USDmn)
23
Table: Diagnostic Imaging Market, 2009-2018 (USDmn % Change)
25
Dental Products Market Forecast
26
Capital Equipment
26
Instruments & Supplies
27
Table: Dental Products Market, 2008-2018 (USDmn)
27
Table: Dental Products Market, 2009-2018 (USDmn % Change)
28
Orthopaedics & Prosthetics Market Forecast
29
Fixation Devices
29
Artificial Joints
30
Other Artificial Body Parts
30
Table: Orthopaedics & Prosthetics Market, 2008-2018 (USDmn)
30
Table: Orthopaedics & Prosthetics Market, 2009-2018 (USDmn % Change)
31
Patient Aids Market Forecast
32
Portable Aids
32
Therapeutic Appliances
32
Table: Patient Aids Market, 2008-2018 (USDmn)
32
Table: Patient Aids Market, 2009-2018 (USDmn % Change)
33
Other Medical Devices Market Forecast
34
Table: Other Medical Devices Market, 2008-2018 (USDmn)
35
Table: Other Medical Devices Market, 2009-2018 (USDmn % Change)
35
Annual Medical Device Imports
37
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s)
41
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s % Change)
42
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
43
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s % Change)
44
Table: Top 20 Medical Device Suppliers, 2013 (USD000s)
46
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (USD000s)
47
Table: Detailed Medical Device Import Trends By Product Area, 2013
50
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (USD000s)
53
Monthly Medical Device Imports
57
Table: Monthly Medical Device Imports By Product Area, December 2011-January 2015 (USDmn)
57
Annual Medical Device Exports
59
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s)
63
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s % 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 (USD000s)
68
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (USD000s)
69
Table: Detailed Medical Device Export Trends By Product Area, 2013
72
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (USD000s)
75
Table: Detailed Medical Device Balance Of Trade, 2009-2013 (USD000s)
78
Monthly Medical Device Exports
81
Table: Monthly Medical Device Exports By Product Area, December 2011-January 2015 (USDmn)
82
Macroeconomic Forecasts
84
Economic Analysis
84
Table: Economic Activity (Estonia 2010-2019)
88
Industry Risk/Reward Index
89
Table: CEE Medical Device Risk/Reward Index, Q315
90
Market Overview
91
Medical Device Market Overview
91
Table: Medical Device Market, Key Ratios, 2013
92
Table: Medical Device Market By Product Area, 2013
94
Healthcare Overview
94
Health Status
94
Healthcare System
95
Healthcare Funding
97
Healthcare Resources
99
Table: Medical Device Technology By Type, 2005-2012 (Units)
99
Table: Medical Device Technology By Type, 2005-2012 (Rate/mn population)
100
Healthcare Activity
101
Healthcare Personnel
102
Key Healthcare Data
102
Table: Key Healthcare Data, 2009-2014
102
Industry Trends And Developments
105
Industry Trends & Developments
105
Regulatory Development
107
Medical Device Regulations
107
EU Medical Device Regulations
107
Designated Authorities
107
Existing Regulations
108
Proposed Regulatory Changes
109
Implications For The Industry
112
Competitive Landscape
114
Domestic Medical Device Production
114
Table: Medical Device Production By Detailed Product Area, 2009-2013 (EURmn)
114
Table: Medical Device Production By Detailed Product Area, 2009-2013 (USDmn)
118
Table: Medical Device Production By Detailed Product Area, 2009-2013 (% Distribution)
121
National Medical Device Manufacturers
124
Multinational Medical Device Manufacturers
125
Multinational Market Activity
125
Table: Multinational Market Activity, 2015
125
Medical Device Market Access
127
Market Environment
127
Distribution
127
Methodology
128
Forecast Methodology
128
Trade Code Classifications
129
Table: Used HS Trade Codes
129
Table: Rearranged HS Trade Codes
131
Risk/Reward Index Methodology
134
Table: Medical Devices Risk/Reward Index Indicators
135
Sources
137
Contact
138

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

Key Benefits

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