Iraq Medical Devices Report

Published 07 May 2015

  • 122 pages
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$1,295.00
Iraq Medical Devices Report

BMI Industry View: We forecast that t he medical device market will experience moderate growth . A lack of healthcare facilities, the instability of the political environment and declining oil prices are likely to affect the competitiveness of the market . As there is very little domestic production, the market is heavily reliant on imports, which have experienced strong growth in recent years but declined in Q414 , while the level of exports is very l ow .

Headline Industry Forecasts

  • In spite of robust growth in recent years, we have anticipated a moderate 2013-2018 CAGR of 10.4% in both local currency and US dollar terms, with the medical device market reaching USD760.5mn in 2018, equal to USD19.6 per capita. We may revise the current market forecasts due to falling oil prices and the elevated political risk.

  • The market is heavily reliant on medical device imports, but we expect falling oil prices and ongoing political instability to impact on imports in the near future. Using monthly mirror trade data, imports reached USD591.0mn in the 12 months up to December 2014, representing y-o-y growth of 35.5% in US dollar terms. Import growth was also strong between 2008 and 2013, with imports increasing by a CAGR of 24.3% in US dollar terms.

  • Medical device exports are very low, therefore the balance of trade deficit is very high. We expect exports to continue to be weak over the forecast period due to political instability in the region and falling oil prices. Using monthly mirror trade data, exports decreased by 83.4% in US dollar terms in the 12 months up to December 2014, to just USD0.4mn. Exports grew by a high CAGR of 32.4% in US dollar terms between 2008 and 2013.

  • We estimate that domestic medical device production is very low, which explains why the market is so heavily dependent on imports.

Headline Industry Risk/ Reward Index

  • Iraq is the ninth most attractive market in the Middle East & Africa region in which to commercialise a...

BMI Industry View
7
SWOT
10
Medical Device Market
10
Political
11
Economic
12
Operational Risk
13
Industry Forecast
15
Medical Device Market Forecast
15
2008-2013 Performance
15
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
22
Bandages & Dressings
22
Suturing Materials
22
Syringes, Needles & Catheters
22
Other Consumables
23
Table: Consumables Market, 2008-2018 (USDmn)
23
Table: Consumables Market, 2009-2018 (USDmn % Change)
24
Diagnostic Imaging Market Forecast
25
Electrodiagnostic Apparatus
26
Radiation Apparatus
26
Imaging Parts & Accessories
26
Table: Diagnostic Imaging Market, 2008-2018 (USDmn)
26
Table: Diagnostic Imaging Market, 2009-2018 (USDmn % Change)
27
Dental Products Market Forecast
29
Capital Equipment
30
Instruments & Supplies
30
Table: Dental Products Market, 2008-2018 (USDmn)
30
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
36
Portable Aids
36
Therapeutic Appliances
36
Table: Patient Aids Market, 2008-2018 (USDmn)
37
Table: Patient Aids Market, 2009-2018 (USDmn % Change)
37
Other Medical Devices Market Forecast
38
Table: Other Medical Devices Market, 2008-2018 (USDmn)
39
Table: Other Medical Devices Market, 2009-2019 (USDmn % Change)
40
Annual Medical Device Imports
41
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s)
45
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s % Change)
46
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
47
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s % Change)
48
Table: Top 20 Medical Device Suppliers, 2013 (USD000s)
50
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (USD000s)
51
Table: Detailed Medical Device Import Trends By Product Area, 2013
54
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (USD000s)
57
Monthly Medical Device Imports
60
Table: Monthly Medical Device Imports By Product Area, June 2012 - December 2014 (USDmn)
60
Annual Medical Device Exports
62
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 Leading Medical Device Destinations By Product Area, 2013 (USD000s)
77
Table: Detailed Medical Device Trade Balance, 2009-2013 (USD000s)
80
Monthly Medical Device Exports
83
Table: Monthly Medical Device Exports By Product Area, June 2012 - December 2014 (USDmn)
83
Macroeconomic Forecasts
85
Iraq: Growth Forecasts Revised Downward
85
Industry Risk/Reward Index
93
Table: MEA Medical Device Risk/Reward Index, Q315
94
Market Overview
95
Medical Device Market Overview
95
Table: Medical Device Market, Key Ratios, 2013
96
Table: Medical Device Market By Product Area, 2013
96
Healthcare Overview
97
Health Status
97
Healthcare System
97
Health Funding
98
Healthcare Resources
99
Healthcare Activity
100
Healthcare Personnel
101
Key Healthcare Data
101
Table: Key Healthcare Data, 2009-2014
101
Industry Trends And Developments
104
Industry Trends & Developments
104
Regulatory Development
107
Medical Device Regulations
107
Competitive Landscape
108
Domestic Medical Device Manufacturing
108
Multinational Market Activity
108
Table: Multinational Market Activity, 2015
108
Medical Device Market Access
109
Market Environment
109
Distribution
110
Trade Associations
110
Trade Shows
111
Methodology
112
Forecast Methodology
112
Trade Code Classifications
113
Table: Used HS Trade Codes
113
Table: Rearranged HS Trade Codes
115
Risk/Reward Index Methodology
118
Table: Medical Devices Risk/Reward Index Indicators
119
Sources
121
Contact
122

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

Key Benefits

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