Iraq 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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Iraq Medical Devices Report
Product Price
$1,295.00

BMI View: We forecast that t he market will experience moderate growth . T he instability o f the political environment, declining oil prices and a lack of healthcare facilities are likely to affect market competitiveness . As there is very little domestic production, the market is heavily reliant on imports, which have experienced strong growth in recent years but are declining in 2015 .

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 536.2 15.4 637,060.4 18,322.8 1,188.2
2015 550.8 15.4 667,511.1 18,662.9 1,211.9
2016 579.7 15.8 716,662.6 19,500.1 1,236.2
2017 616.9 16.4 777,900.3 20,617.9 1,260.9
2018 659.1 17.0 843,549.3 21,793.7 1,279.8
2019 716.2 18.0 930,414.8 23,439.9 1,299.0

Latest Updates and Key Forecasts

  • In US dollar terms, the market will expand at a 2014-2019 CAGR of 6.0%, ranging from 3.0% for other medical devices to 9.7% for diagnostic imaging. The market will increase from USD536.2mn in 2014 to USD716.2mn in 2019. The instability of the political environment and declining oil prices will have a negative effect on market growth.

  • The market is heavily reliant on imports, but we expect ongoing political instability and falling oil prices to impact on imports in the near future. Using monthly mirror trade data, imports decreased by 32.7% in US dollar terms in the 12 months to June 2015, to USD393.5mn. Import growth, however, was strong between 2009 and 2014, increasing by a CAGR of 25.6% in US dollar terms.

  • We expect exports to remain weak over the forecast period, therefore the trade balance will remain negative. Using monthly mirror trade data, exports increased by 33.5% in US dollar terms in the 12 months up to June 2015, to USD0.4mn. Exports, however, fell by a CAGR of -10.1% in US dollar terms between 2009 and 2014.

  • Health programmes supported by aid agencies are facing drastic funding shortages, leaving people exposed to diseases, according to the World Health Organization. About 3mn people will have no access to urgently needed services as 84% of the country's donor-funded health projects were shut down in 10 of Iraq's 19 governorates in July 2015.

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
2014-2019 Performance
15
Table: Projected Medical Device Market, 2014-2019
16
2009-2014 Performance
17
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
18
Consumables Market Forecast
22
Bandages & Dressings
22
Suturing Materials
22
Syringes, Needles & Catheters
23
Other Consumables
23
Table: Consumables Market, 2009-2019 (USDmn)
23
Table: Consumables Market, 2010-2019 (USDmn % Change)
24
Diagnostic Imaging Market Forecast
26
Electrodiagnostic Apparatus
26
Radiation Apparatus
26
Imaging Parts & Accessories
27
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
27
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
28
Dental Products Market Forecast
30
Capital Equipment
31
Instruments & Supplies
31
Table: Dental Products Market, 2009-2019 (USDmn)
31
Table: Dental Products Market, 2010-2019 (USDmn % Change)
32
Orthopaedics & Prosthetics Market Forecast
33
Fixation Devices
34
Artificial Joints
34
Other Artificial Body Parts
34
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
35
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
35
Patient Aids Market Forecast
37
Portable Aids
37
Therapeutic Appliances
37
Table: Patient Aids Market, 2009-2019 (USDmn)
38
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
38
Other Medical Devices Market Forecast
40
Table: Other Medical Devices Market, 2009-2019 (USDmn)
40
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
41
Annual Medical Device Imports
42
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
46
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s % Change)
47
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
48
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s % Change)
49
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
51
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
52
Table: Detailed Medical Device Import Trends By Product Area, 2014
55
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
58
Monthly Medical Device Imports
61
Table: Monthly Medical Device Imports By Product Area, November 2012 - May 2015 (USDmn)
61
Annual Medical Device Exports
64
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
67
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s % Change)
68
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
69
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s % Change)
70
Table: Top Medical Device Destinations, 2014 (USD000s)
72
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
73
Table: Detailed Medical Device Export Trends By Product Area, 2014
76
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
79
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
82
Monthly Medical Device Exports
85
Table: Monthly Medical Device Exports By Product Area, November 2012 - May 2015 (USDmn)
85
Macroeconomic Forecasts
87
Economic Analysis
87
Table: Economic Activity (Iraq 2010-2019)
93
Industry Risk/Reward Index
94
Table: MEA Medical Device Risk/Reward Index, Q415
95
Market Overview
96
Medical Device Market Overview
96
Table: Medical Device Market, Key Ratios, 2014
97
Table: Medical Device Market By Product Area, 2014
97
Healthcare Overview
98
Health Status
98
Healthcare System
98
Health Funding
100
Healthcare Resources
100
Healthcare Activity
102
Healthcare Personnel
102
Key Healthcare Data
103
Table: Key Healthcare Data, 2009-2014
103
Industry Trends And Developments
105
Industry Trends & Developments
105
Regulatory Development
108
Medical Device Regulations
108
Competitive Landscape
109
Domestic Medical Device Manufacturing
109
Multinational Market Activity
109
Table: Multinational Market Activity, 2015
109
Medical Device Market Access
110
Market Environment
110
Distribution
111
Trade Associations
111
Trade Shows
112
Methodology
113
Forecast Methodology
113
Trade Code Classifications
114
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.