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: T he instability o f the political environment, declining oil prices and a lack of substantial healthcare facilities are likely to affect market competitiveness . As there is very little do mestic production, the market will remain heavily reliant on imports, which have experienced strong growth in recent years but declined 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

  • We forecast that the market will expand at a 2014-2019 CAGR of 6.0% in US dollar terms, which will take the value to USD716.2mn in 2019. The instability of the political environment and declining oil prices will have a negative effect on market growth, therefore BMI may revise the market forecasts.

  • The market relies heavily 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 fell by 41.2% in US dollar terms to US73.9mn in Q415.

  • We expect exports to remain weak over the forecast period, therefore the trade balance will remain negative. Using monthly mirror trade data, exports trebled in US dollar terms to USD0.2mn in Q415.

  • Budgetary constraints and the poor state of the healthcare system will continue to weigh on market growth, with resources focused on fighting rebels, leaving the government struggling to provide essential healthcare services. In January 2016, the government cancelled its free healthcare system, instructing hospitals to collect fees from patients to cover treatment costs, blaming the war against IS and the sharp decline in oil prices for mounting deficits within the healthcare system.

BMI Industry View
7
Table: Projected Medical Device Market, 2014-2019
7
Latest Updates and Key Forecasts
7
SWOT
8
Medical Device Market
8
Industry Forecast
10
Medical Device Market Forecast
10
Latest Updates
10
Structural Trends
10
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
12
Consumables Market Forecast
16
Latest Updates
16
Structural Trends
16
Bandages & Dressings
16
Suturing Materials
17
Syringes, Needles & Catheters
17
Other Consumables
17
Table: Consumables Market, 2009-2019 (USDmn)
18
Table: Consumables Market, 2010-2019 (USDmn % Change)
19
Diagnostic Imaging Market Forecast
21
Latest Updates
21
Structural Trends
21
Electrodiagnostic Apparatus
21
Radiation Apparatus
22
Imaging Parts & Accessories
22
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
23
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
24
Dental Products Market Forecast
26
Latest Updates
26
Structural Trends
26
Capital Equipment
26
Instruments & Supplies
27
Table: Dental Products Market, 2009-2019 (USDmn)
27
Table: Dental Products Market, 2010-2019 (USDmn % Change)
28
Orthopaedics & Prosthetics Market Forecast
30
Latest Updates
30
Structural Trends
30
Fixation Devices
30
Artificial Joints
31
Other Artificial Body Parts
31
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
31
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
32
Patient Aids Market Forecast
33
Latest Updates
33
Structural Trends
33
Portable Aids
33
Therapeutic Appliances
34
Table: Patient Aids Market, 2009-2019 (USDmn)
34
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
35
Other Medical Devices Market Forecast
37
Latest Updates
37
Structural Trends
37
Table: Other Medical Devices Market, 2009-2019 (USDmn)
38
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
39
Annual Medical Device Imports
40
Latest Updates
40
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
44
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
45
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
47
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
48
Table: Detailed Medical Device Import Trends By Product Area, 2014
51
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
54
Monthly Medical Device Imports
58
Table: Monthly Medical Device Imports By Product Area, Year Ending August 2015 (USDmn)
58
Annual Medical Device Exports
59
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
62
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
63
Table: Top Medical Device Destinations, 2014 (USD000s)
65
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
66
Table: Detailed Medical Device Export Trends By Product Area, 2014
69
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
72
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
75
Monthly Medical Device Exports
78
Table: Monthly Medical Device Exports By Product Area, Year Ending August 2015 (USDmn)
78
Industry Risk/Reward Index
79
Table: MEA Medical Device Risk/Reward Index, Q216
80
Market Overview
81
Medical Device Market Overview
81
Table: Medical Device Market, Key Ratios, 2014
81
Table: Medical Device Market By Product Area, 2014
82
Healthcare Overview
83
Health Status
83
Healthcare System
84
Health Funding
85
Healthcare Resources
86
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
93
Medical Device Regulations
93
Competitive Landscape
94
Domestic Medical Device Manufacturing
94
Multinational Market Activity
94
Table: Multinational Market Activity, 2016
94
Medical Device Market Access
96
Market Environment
96
Distribution
96
Trade Associations
97
Trade Shows
99
Methodology
100
Forecast Methodology
100
Trade Code Classifications
101
Table: Rearranged HS Trade Codes
102
Risk/Reward Index Methodology
105
Table: Medical Devices Risk/Reward Index Indicators
106
Sources
108
Contact
109

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.