Estonia 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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Estonia Medical Devices Report
Product Price
$1,295.00

BMI View: Estonia's medical device market will increase at a modest 2014-2019 CAGR of 2.3%, which is slightly above average for the Central & Eastern Europe region. The market is heavily reliant on imports, but its small size limits the scope for the purchase of more expensive items.

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 170.7 133.0 127.4 99.2 0.75
2015 142.6 111.4 129.7 101.3 0.91
2016 145.1 113.7 135.6 106.2 0.93
2017 157.4 123.7 143.1 112.4 0.91
2018 173.1 136.4 150.5 118.6 0.87
2019 191.5 151.4 159.5 126.1 0.83

Latest Updates And Key Forecasts

  • We forecast the medical device market will record a 2014-2019 CAGR of 4.6% in euro terms. We anticipate a lower CAGR of 2.3% in US dollar terms, due to a weak euro at the beginning of the forecast period, taking the value from USD170.7mn in 2014 to USD191.5mn in 2019.

  • We expect a tentative recovery in imports in 2016 in line with an acceleration of growth in the wider economy and a more stable euro. In the three months to October 2015, imports were down by 17.6% to USD26.0mn. Over the same period, imports were stable in euro terms.

  • We expect improved export performance as Russia and Finland emerge from recession and demand from the euro zone increases. In the three months to October 2015, exports were down by 9.4% in US dollar terms, while they registered a moderate increase in euro terms.

  • In January 2016, the Ministry of Health began accepting applications for projects to build or refurbish health centres. The government will invest around EUR115mn (USD122.8mn) through to 2023 towards improving the country's primary healthcare services.

BMI Industry View
7
Table: Projected Medical device Market, 2014-2019
7
SWOT
8
Medical Device Market
8
Industry Forecast
9
Medical Device Market Forecast
9
Latest Updates
9
Structural Trends
9
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
11
Consumables Market Forecast
15
Latest Updates
15
Structural Trends
15
Bandages & Dressings
15
Suturing Materials
15
Syringes, Needles & Catheters
16
Other Consumables
16
Table: Consumables Market, 2009-2019 (USDmn)
17
Table: Consumables Market, 2010-2019 (USDmn % Change)
18
Diagnostic Imaging Market Forecast
19
Latest Updates
19
Structural Trends
20
Electrodiagnostic Apparatus
20
Radiation Apparatus
20
Imaging Parts & Accessories
20
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
21
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
22
Dental Products Market Forecast
24
Latest Updates
24
Structural Trends
24
Capital Equipment
24
Instruments & Supplies
24
Table: Dental Products Market, 2009-2019 (USDmn)
25
Table: Dental Products Market, 2010-2019 (USDmn % Change)
26
Orthopaedics & Prosthetics Market Forecast
28
Latest Updates
28
Structural Trends
28
Fixation Devices
28
Artificial Joints
28
Other Artificial Body Parts
29
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
29
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
30
Patient Aids Market Forecast
31
Latest Updates
31
Structural Trends
31
Portable Aids
31
Therapeutic Appliances
31
Table: Patient Aids Market, 2009-2019 (USDmn)
32
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
33
Other Medical Devices Market Forecast
35
Latest Updates
35
Structural Trends
35
Table: Other Medical Devices Market, 2009-2019 (USDmn)
36
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
37
Annual Medical Device Imports
38
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
42
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
43
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
45
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
46
Table: Detailed Medical Device Import Trends By Product Area, 2014
49
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
52
Monthly Medical Device Imports
56
Table: Monthly Medical Device Imports By Product Area, Ending October 2015 (USDmn)
56
Annual Medical Device Exports
57
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
60
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
61
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
63
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
64
Table: Detailed Medical Device Export Trends By Product Area, 2014
67
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
70
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
73
Monthly Medical Device Exports
77
Table: Monthly Medical Device Exports By Product Area, Ending October 2015 (USDmn)
77
Industry Risk/Reward Index
78
Table: CEE Medical Device Risk/Reward Index, Q216
79
Market Overview
80
Medical Device Market Overview
80
Table: Medical Device Market, Key Ratios, 2014
80
Table: Medical Device Market By Product Area, 2014
81
Healthcare Overview
82
Health Status
82
Healthcare System
83
Healthcare Funding
84
Healthcare Resources
85
Table: Medical Device Technology By Type, 2006-2013 (Units)
86
Table: Medical Device Technology By Type, 2006-2013 (Rate/mn population)
87
Healthcare Activity
88
Healthcare Personnel
88
Key Healthcare Data
89
Table: Key Healthcare Data, 2010-2015
89
Industry Trends And Developments
91
Industry Trends & Developments
91
Regulatory Development
94
Medical Device Regulations
94
EU Medical Device Regulations
94
Designated Authorities
94
Existing Regulations
95
Proposed Regulatory Changes
96
Competitive Landscape
99
Domestic Medical Device Production
99
Table: Medical Device Production By Detailed Product Area, 2010-2014 (EURmn)
99
Table: Medical Device Production By Detailed Product Area, 2010-2014 (USDmn)
103
National Medical Device Manufacturers
106
Multinational Medical Device Manufacturers
107
Multinational Market Activity
107
Table: Multinational Market Activity, 2016
107
Medical Device Market Access
109
Market Environment
109
Distribution
109
Methodology
110
Forecast Methodology
110
Trade Code Classifications
111
Table: Rearranged HS Trade Codes
112
Risk/Reward Index Methodology
115
Table: Medical Devices Risk/Reward Index Indicators
116
Sources
118
Contact
119

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.