Greece 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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Greece Medical Devices Report
Product Price
$1,295.00

BMI View: T he Greek medical device market will grow moderately in euro terms from 2017 . The market will remain heavily reliant on imports, as domestic manufacturers are mainly small scale operations focusing on low value, high volume disposables. The economic crisis, ongoing austerity measures , health expenditure cuts and a weak euro have contributed to a largely downward import trend since 2009 , but imports posted positive growth in euro terms in 2015.

Projected Medical Device Market, 2015-2020
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2015 53.5 2.0 197.4 7.3 3.7
2016 51.8 1.9 220.3 8.0 4.3
2017 52.5 1.9 246.3 8.8 4.7
2018 54.6 1.9 274.1 9.6 5.0
2019 58.3 2.0 303.1 10.4 5.2
2020 62.4 2.1 331.0 11.1 5.3

Latest Updates And Key Forecasts

  • While the Greek economic recovery will remain fragile in the short term, we expect the market to grow at a CAGR of 5.7% in local currency terms and 7.3% in USD terms over the 2015-2020 period.

  • Import performance will continue to reflect Greece's fragile economy. Early signs of a return to growth were evident in Q116, with a rise of 5.8% y-o-y in USD terms, although a 12.7% decline was recorded for the 12 month period to March 2016.

  • Consumables will continue to dominate export performance. A sharp decline in the Q116 (-44.2%) contributed to a y-o-y contraction of 24.1% overall in USD terms. Similarly, an overall decline of 7.4% in the 12 month period to March 2016 was led by consumables (-15.8%).

  • While the economy is set to return to modest growth in 2017, the health sector will continue to struggle with the severe cost-containment measures stipulated in the country's bailout conditions, staff shortages and illegal working conditions. With the public health service on the point of collapse, market conditions will remain challenging for medical device companies.

BMI Industry View
9
Table: Projected Medical Device Market, 2015-2020
9
Latest Updates And Key Forecasts
9
SWOT
10
Medical Device Market
10
Industry Forecast
12
Medical Device Market Forecast
12
Latest Updates
12
Structural Trends
12
Table: Detailed Medical Device Market By Product Area, 2010-2020 (USDmn)
14
Consumables Market Forecast
18
Latest Updates
18
Structural Trends
18
Bandages & Dressings
18
Suturing Materials
19
Syringes, Needles & Catheters
19
Other Consumables
19
Table: Consumables Market, 2010-2020 (USDmn)
20
Table: Consumables Market, 2011-2020 (USDmn % Change)
21
Diagnostic Imaging Market Forecast
23
Latest Updates
23
Structural Trends
23
Electrodiagnostic Apparatus
23
Radiation Apparatus
24
Imaging Parts & Accessories
24
Table: Diagnostic Imaging Market, 2010-2020 (USDmn)
25
Table: Diagnostic Imaging Market, 2011-2020 (USDmn % Change)
26
Dental Products Market Forecast
28
Latest Updates
28
Structural Trends
28
Capital Equipment
28
Instruments & Supplies
29
Table: Dental Products Market, 2010-2020 (USDmn)
29
Table: Dental Products Market, 2011-2020 (USDmn % Change)
30
Orthopaedics & Prosthetics Market Forecast
32
Latest Updates
32
Structural Trends
32
Fixation Devices
32
Artificial Joints
33
Other Artificial Body Parts
33
Table: Orthopaedics & Prosthetics Market, 2010-2020 (USDmn)
33
Table: Orthopaedics & Prosthetics Market, 2011-2020 (USDmn % Change)
34
Patient Aids Market Forecast
35
Latest Updates
35
Structural Trends
35
Portable Aids
35
Therapeutic Appliances
36
Table: Patient Aids Market, 2010-2020 (USDmn)
36
Table: Patient Aids Market, 2011-2020 (USDmn % Change)
37
Other Medical Devices Market Forecast
39
Latest Updates
39
Structural Trends
39
Table: Other Medical Devices Market, 2010-2020 (USDmn)
40
Table: Other Medical Devices Market, 2011-2020 (USDmn % Change)
41
Annual Medical Device Imports
43
Table: Medical Device Imports By Product Area, 2011-2015 (USD000s)
46
Table: Medical Device Imports By Product Area, 2011-2015 (Local Currency 000s)
47
Table: Top 20 Medical Device Suppliers, 2015 (USD000s)
49
Table: Detailed Medical Device Imports By Product Area, 2011-2015 (USD000s)
50
Table: Detailed Medical Device Import Trends By Product Area, 2015
53
Table: Detailed Leading Medical Device Suppliers By Product Area, 2015 (USD000s)
56
Monthly Medical Device Imports
60
Table: Monthly Medical Device Imports By Product Area, Year Ending March 2016 (USDmn)
60
Annual Medical Device Exports
61
Table: Medical Device Exports By Product Area, 2011-2015 (USD000s)
64
Table: Medical Device Exports By Product Area, 2011-2015 (Local Currency 000s)
65
Table: Top 20 Medical Device Destinations, 2015 (USD000s)
67
Table: Detailed Medical Device Exports By Product Area, 2011-2015 (USD000s)
68
Table: Detailed Medical Device Export Trends By Product Area, 2015
71
Table: Detailed Medical Device Destinations By Product Area, 2015 (USD000s)
74
Table: Detailed Medical Device Trade Balance, 2011-2015 (USD000s)
77
Monthly Medical Device Exports
80
Table: Monthly Medical Device Exports By Product Area, Year Ending March 2016 (USDmn)
80
Industry Risk/Reward Index
81
Table: CEE Medical Device Risk/Reward Index, Q416
82
Market Overview
83
Medical Device Market Overview
83
Table: Medical Device Market, Key Ratios, 2015
83
Table: Medical Device Market By Product Area, 2015
84
Healthcare Overview
84
Health Status
84
Healthcare System
86
Private Healthcare Providers
86
Healthcare Funding
87
Healthcare Resources
88
Table: Medical Device Technology By Type, 2009-2013
89
Healthcare Activity
90
Healthcare Personnel
90
Key Healthcare Data
91
Table: Key Healthcare Data, 2010-2015
91
Industry Trends And Developments
94
Industry Trends & Developments
94
Regulatory Development
98
Medical Device Regulations
98
Competent Authority
98
Notified Bodies
98
Regulation
98
EU Medical Device Regulations
99
Designated Authorities
99
Existing Regulations
99
New Regulations
101
Industry Response
102
Changes Impacting Notified Bodies
102
Medical Device Pricing & Reimbursement
103
Pricing
103
Reimbursement
103
Competitive Landscape
104
Domestic Medical Device Production
104
Table: Medical Device Production By Product Area, 2010-2014 (EURmn)
104
Table: Detailed Medical Device Production By Product Area, 2010-2014 (EURmn)
105
National Medical Device Manufacturers
109
LATEX
109
Pharmasept
109
Phoenix Medical Equipment
109
Spyrman
109
Vioser
110
Multinational Market Activity
110
Boston Scientific
110
Johnson & Johnson
110
Medtronic
111
Philips
111
Siemens
111
Smith & Nephew
112
Stryker
112
Medical Device Market Access
112
Market Environment
112
Trade Organisation
113
Trade Shows
113
Methodology
114
Forecast Methodology
114
Trade Code Classifications
115
Table: Rearranged HS Trade Codes
116
Risk/Reward Index Methodology
119
Table: Medical Devices Risk/Reward Index Indicators
120
Sources
122
Contact
123

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

Key Benefits

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