BMI Industry View: The Pakistan medical device market is small for a country its size. Domestic production is limited primarily to steel surgical instruments and the majority of the market is supplied by im ports. We are projecting a lower US dollar 2014-2019 CAGR growth rate of around 2%. The devaluation of the local currency against the US dollar will result in a comparatively lower growth rate during the forecast period in USD terms.
Headline Industry Forecasts
The Pakistan medical device market is small, in value terms, for a country its size and its development is affected by ongoing socio-political problems and reoccurring security threats. In US dollar terms, the Pakistan medical device market is projected to expand by a 1.9% CAGR from 2014-2019. This should see it rise from an estimated USD356.8mn in 2014 to USD392.2mn in 2019. We project the y-o-y currency devaluation to continue throughout the forecast period and this will result in a lower US dollar market growth rate compared to the local currency.
The medical device market is heavily supplied by imports, which account for over 90% of the market. In US dollar terms, imports grew by 37.8% to reach USD335.1mn in 2014. Due to exchange rate changes the performance in 2009-2014 has been comparatively volatile, with gains in 2009, 2011 and 2014 and falls in 2010, 2012 and 2013. The CAGR for the 2009-2014 period was 5.6%. By product area, the 2009-2014 CAGR ranged from 13.3% for patient aids to -4.8% for dental products.
In US dollar terms, exports grew each year in the 2009-2014 period except for 2009 and 2010, when they fell by 8.4% and 3.1% respectively. In 2014, exports rose by 6.6% to reach USD358.3mn. In CAGR terms, exports grew by 5.7% from 2009-2014. By product area, performance ranged from 50.2% for patient aids to -17.9% for diagnostic imaging.
Surgical instruments make up the bulk of a limited domestic manufacturing sector. This takes place in facilities in the Punjab region of...
The Pakistan 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 Pakistan provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Pakistan Medical Devices industry.
- Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Pakistan, 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 Pakistan.
- Target Business Opportunities in the Pakistan Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Pakistan.
- 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.
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 analyses of the medical devices market, the political environment, the economic landscape and the business environment.
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.
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.
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.
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.
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.
Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.