Greece Medical Devices Report

Published 09 June 2015

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$1,295.00
Greece Medical Devices Report

BMI Industry View: Greece has the fif th larg est medical device market in Central and Eas tern Europe but growth has been constrained by the economic crisis. The market is heavily reliant on imports, which contracted considerably between 2009 and 2012 . The current heightened economic and political uncertainty is unlikely to improve investment in healthcare in the short term. Domestic manufacturers are mainly small scale operations focusing on low value, high volume disposables.

Headline Industry Forecasts

  • The medical device market is valued at USD780.6mn in 2013, equal to USD70.1 per capita and equivalent to 4.4% of total health expenditure, 0.3% of GDP and 0.2% of the world market. The market is expected to grow by a CAGR of 2.9% in US dollar terms between 2013 and 2018, reaching USD901.8mn in 2018, equal to USD81.2 per capita.

  • Medical device imports supply approximately 86% of the domestic market. Imports fell significantly between 2009 and 2012 due to the severe economic downturn, resulting in a 2008-2013 CAGR of -14.8% in US dollar terms. Following a return to growth in 2013, imports declined by 2.6% in 2014 and by 4.5% in the 12 months to February 2015.

  • Medical device exports recorded a 2008-2013 CAGR of 4.5% in US dollar terms. Exports fluctuated during 2014, with growth of 35.2% in H114 followed by a contraction of -12.5% in H214, which resulted in a positive figure of 6.3% in 2014. Due to a significant fall in imports in recent years, the balance of trade deficit reduced sharply from -USD1,280.3mn in 2009 to -USD588.4mn in 2013.

  • Domestic medical device production is estimated to be in the region of USD200mn. In comparison, Eurostat recorded production of EUR9.7mn (USD12.8mn) in 2013 but this was by no means an accurate figure because key data were suppressed for confidentiality reasons. In 2013, the majority of production was in the consumables product area, specifically medical dressings.

Headline Industry Risk/Reward...

BMI Industry View
7
SWOT
10
Medical Device Market
10
Political
11
Economic
12
Operational Risk
13
Industry Forecast
14
Medical Device Market Forecast
14
2008-2013 Performance
14
2013-2018 Performance
16
Table: Projected Medical Device Market, 2013-2018
17
Table: Detailed Medical Device Market By Product Area, 2008-2018 (USDmn)
18
Consumables Market Forecast
21
Bandages & Dressings
22
Suturing Materials
22
Syringes, Needles & Catheters
22
Other Consumables
22
Table: Consumables Market, 2008-2018 (USDmn)
23
Table: Consumables Market, 2009-2018 (USDmn % Change)
24
Diagnostic Imaging Market Forecast
26
Electrodiagnostic Apparatus
26
Radiation Apparatus
26
Imaging Parts & Accessories
27
Table: Diagnostic Imaging Market, 2008-2018 (USDmn)
27
Table: Diagnostic Imaging Market, 2009-2018 (USDmn % Change)
28
Dental Products Market Forecast
29
Capital Equipment
30
Instruments & Supplies
30
Table: Dental Products Market, 2008-2018 (USDmn)
31
Table: Dental Products Market, 2009-2018 (USDmn % Change)
31
Orthopaedics & Prosthetics Market Forecast
32
Fixation Devices
33
Artificial Joints
33
Other Artificial Body Parts
33
Table: Orthopaedics & Prosthetics Market, 2008-2018 (USDmn)
34
Table: Orthopaedics & Prosthetics Market, 2009-2018 (USDmn % Change)
34
Patient Aids Market Forecast
35
Portable Aids
35
Therapeutic Appliances
36
Table: Patient Aids Market, 2008-2018 (USDmn)
36
Table: Patient Aids Market, 2008-2018 (USDmn % Change)
36
Other Medical Devices Market Forecast
38
Table: Other Medical Devices Market, 2008-2018 (USDmn)
38
Table: Other Medical Devices Market, 2009-2018 (USDmn % Change)
39
Annual Medical Device Imports
40
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s)
44
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s % Change)
45
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
46
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s % Change)
47
Table: Top 20 Medical Device Suppliers, 2013 (USD000s)
49
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (USD000s)
50
Table: Detailed Medical Device Import Trends By Product Area, 2013
53
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (USD000s)
56
Monthly Medical Device Imports
59
Table: Monthly Medical Device Imports By Product Area, December 2011 - February 2015 (USDmn)
60
Annual Medical Device Exports
61
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s)
65
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s % Change)
66
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
67
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s % Change)
68
Table: Top 20 Medical Device Destinations, 2013 (USD000s)
70
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (USD000s)
71
Table: Detailed Medical Device Export Trends By Product Area, 2013
74
Table: Detailed Medical Device Destinations By Product Area, 2013 (USD000s)
77
Table: Detailed Medical Device Trade Balance, 2009-2013 (USD000s)
80
Monthly Medical Device Exports
84
Table: Monthly Medical Device Exports By Product Area, December 2011 - February 2015 (USDmn)
84
Macroeconomic Forecasts
87
Economic Analysis
87
Table: Economic Activity (Greece 2010-2019)
95
Industry Risk/Reward Index
96
Table: CEE Medical Device Risk/Reward Index, Q315
97
Market Overview
98
Medical Device Market Overview
98
Table: Medical Device Market, Key Ratios, 2013
99
Table: Medical Device Market By Product Area, 2013
100
Healthcare Overview
100
Health Status
100
Healthcare System
101
Private Healthcare Providers
103
Healthcare Funding
104
Healthcare Resources
106
Table: Medical Device Technology By Type, 2009-2013
106
Healthcare Activity
107
Healthcare Personnel
108
Key Healthcare Data
108
Table: Key Healthcare Data, 2009-2014
108
Industry Trends And Developments
111
Industry Trends & Developments
111
Regulatory Development
115
Medical Device Regulations
115
Competent Authority
115
Notified Bodies
115
Regulation
115
EU Medical Device Regulations
116
Designated Authorities
116
Existing Regulations
116
Proposed Regulatory Changes
118
Implications For The Industry
121
Medical Device Pricing & Reimbursement
123
Pricing
123
Reimbursement
123
Competitive Landscape
124
Domestic Medical Device Production
124
Table: Medical Device Production By Product Area, 2009-2013 (EURmn)
124
Table: Detailed Medical Device Production By Product Area, 2009-2013 (EURmn)
124
Table: Detailed Medical Device Production By Product Area, 2009-2013 (USDmn)
128
Table: Detailed Medical Device Production By Product Area, 2009-2013 (% Total)
131
National Medical Device Manufacturers
135
Multinational Market Activity
136
Table: Multinational Market Activity, 2015
136
Medical Device Market Access
138
Market Environment
138
Trade Organisation
138
Table: Medical Device Manufacturers/Distributors Of SEIV, 2015
138
Trade Shows
141
Methodology
142
Forecast Methodology
142
Trade Code Classifications
143
Table: Used HS Trade Codes
143
Table: Rearranged HS Trade Codes
145
Risk/Reward Index Methodology
148
Table: Medical Devices Risk/Reward Index Indicators
149
Sources
151
Contact
152

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.

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