Pakistan 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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Pakistan Medical Devices Report
Product Price
$1,295.00
BMI View: The Pakistan medical device market is small for a country its size.Domestic production is limited primarilytosteel surgical instruments and the majority of the market is supplied byimports.We are projecting a lower US dollar2014-2019CAGR growth rate of around 2%. The devaluation of the localcurrency against the US dollar will result in a comparatively lower growth rate during the forecast period.
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 356.8 1.9 36,054.9 194.8 101.0
2015 363.1 1.9 37,395.5 198.8 103.0
2016 369.1 1.9 38,786.6 202.9 105.1
2017 373.4 1.9 40,416.2 208.1 108.2
2018 380.8 1.9 42,455.4 215.2 111.5
2019 392.2 2.0 45,033.1 224.8 114.8

Latest Updates and Key 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%. We expect imports to continue growing positively but not as high as the most recent year.

  • 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.

  • In August 2015, the Pakistan Medical Association (PMA) and the China Medical Association (CMA) announced they were working on developing a "Medical Corridor" that aims to improve healthcare facilities and establish scientific research institutes at the border between the two countries. The partnership should result in greater support for the construction of more medical equipment factories and enhanced medical tourism facilities.

BMI Industry View
7
SWOT
10
Medical Device Market
10
Political
12
Economic
14
Operational Risk
15
Industry Forecast
17
Medical Device Market Forecast
17
2014-2019 Performance
17
Table: Projected Medical Device Market, 2014-2019
17
2009-2014 Performance
18
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
20
Consumables Market Forecast
24
Bandages & Dressings
24
Suturing Materials
24
Syringes, Needles & Catheters
24
Other Consumables
25
Table: Consumables Market, 2009-2019 (USDmn)
25
Table: Consumables Market, 2010-2019 (USDmn % Change)
26
Diagnostic Imaging Market Forecast
28
Electrodiagnostic Apparatus
28
Radiation Apparatus
28
Imaging Parts & Accessories
28
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
29
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
30
Dental Products Market Forecast
32
Capital Equipment
32
Instruments & Supplies
32
Table: Dental Products Market, 2009-2019 (USDmn)
33
Table: Dental Products Market, 2010-2019 (USDmn % Change)
33
Orthopaedics & Prosthetics Market Forecast
35
Fixation Devices
35
Artificial Joints
35
Other Artificial Body Parts
35
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
36
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
36
Patient Aids Market Forecast
38
Portable Aids
38
Therapeutic Appliances
38
Table: Patient Aids Market, 2009-2019 (USDmn)
39
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
39
Other Medical Devices Market Forecast
41
Table: Other Medical Devices Market, 2009-2019 (USDmn)
42
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
43
Annual Medical Device Imports
45
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
48
Table: Medical Device Imports By Product Area, 2010-2014 (USD 000s, % Change)
49
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
50
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s, % Change)
51
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
53
Table: Detailed Medical Device Imports By Product Area, 2009-2014 (USD000s)
54
Table: Detailed Medical Device Import Trends By Product Area, 2014
57
Table: Detailed Leading Medical Device Suppliers by Product Area, 2014 (USD000s)
60
Monthly Medical Device Imports
64
Table: Monthly Medical Device Imports By Product Area, February 2011-December 2013 (USDmn)
64
Annual Medical Device Exports
66
Table: Medical Device Exports By Product Area, 2009-2014 (USD000s)
69
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s, % Change)
70
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
71
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s, % Change)
72
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
73
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
74
Table: Detailed Medical Device Export Trends By Product Area, 2014
77
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
81
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
84
Monthly Medical Device Exports
87
Table: Monthly Medical Device Exports By Product Area, February 2011-December 2013 (USDmn)
87
Macroeconomic Forecasts
89
Economic Analysis
89
Industry Risk/Reward Index
93
Table: APAC Medical Device Risk/Reward Ratings, Q415
94
Market Overview
95
Medical Device Market Overview
95
Table: Medical Device Market, Key Ratios, 2014
96
Table: Medical Device Market By Product Area, 2014
97
Healthcare Overview
97
Health Status
97
Healthcare Funding
99
Healthcare Resources
100
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
108
Medical Device Regulations
108
Competent Authority
108
Regulation
108
Competitive Landscape
110
Domestic Medical Device Production
110
National Medical Device Manufacturers
111
Table: Other Leading Surgical & Dental Instruments Manufacturers/Exporters
111
Multinational Medical Device Manufacturers
112
Multinational Market Activity
113
Table: Multinational Market Activity, 2015
113
Medical Device Market Access
114
Distribution
114
Trade Association
114
Methodology
115
Forecast Methodology
115
Trade Code Classifications
116
Table: Rearranged HS Trade Codes
117
Risk/Reward Index Methodology
120
Table: Medical Devices Risk/Reward Index Indicators
121
Sources
123
Contact
124

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.

Key Benefits

  • 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.

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.