BMI Industry View: We expect the Polish medical device market to grow by a CAGR of 4.4 % in US dollar terms over the 201 4-2019 period, due to good econom ic performance and rising health expenditure . The expansion of the private healthcare sector is also increasing demand for medical devices. Poland is heavily reliant on imported medical devices despite its strong industrial bas e , as domestic producers are unable to compete with Western companies in terms of product quality .
Headline Industry Forecasts
In local currency terms, we expect the medical device market to register a moderate level of growth over the 2014-2019 period, but market growth will be weaker in US dollar terms due to the projected depreciation of the Polish zloty against the dollar over the next couple of years. We forecast a 2014-2019 CAGR of 4.4% to take the market to USD2,670.7mn in 2019.
Around 85% of the medical device market is supplied by imports. In the 12 months to May 2015, imports fell by 3.3% to USD1,817.0mn. Despite the promising economic outlook, we believe that medical device import growth will be weak in US dollar terms in 2015, due to the depreciation of the Polish zloty.
Much of Poland's export trade is a result of EU companies, principally from Germany, opening operations in Poland for the purpose of exporting back to other countries of the EU. In the 12 months to May 2015, exports rose by 3.7% to USD1,225.9mn. Due to the depreciation of the Polish zloty, we believe that medical device export growth in US dollar terms will be slow in 2015.
Poland has a strong industrial base and a significant medical device sector, although a large proportion of it remains university-based and under-capitalised. Polish companies manufacture a wide range of products from cheap disposables to electrodiagnostic equipment. Domestic medical device production is estimated to be around USD1.5bn.
Headline Industry Risk/Reward Index
Poland is the second most...
The Poland 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 Poland provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Poland Medical Devices industry.
- Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Poland, 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 Poland.
- Target Business Opportunities in the Poland Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Poland.
- 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.