Romania 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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Romania Medical Devices Report
Product Price
$1,295.00

BMI View: We expect t he Romanian medical device market to increase by 1.2 % in US dollar terms in 2016 , up from -15.5% in 2015, as exchange rates stabilise. The scarcity of high-tech equipment , the expanding private healthcare sector and the acute need for renovation within hospitals keeps the demand for medical devices high. The market will remain heavily reliant on im ports as the domestic industry mainly produces outdated equipment that can only compete with foreign products in terms of price .

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 527.1 24.4 1,746.4 80.7 3.3
2015 445.3 20.6 1,813.6 84.0 4.1
2016 450.7 20.9 1,895.3 88.1 4.2
2017 484.4 22.6 2,001.3 93.3 4.1
2018 535.9 25.1 2,118.0 99.1 4.0
2019 590.8 27.7 2,240.1 105.1 3.8

Latest Updates and Key Forecasts

  • We maintain that the market will register a 2014-2019 CAGR of 5.1% in local currency terms, but the 2014-2019 CAGR will be lower at 2.3%, due to the projected depreciation of the Romanian leu against the dollar over the next couple of years. We expect the market to increase from USD527.1mn in 2014 to USD590.8mn in 2019.

  • Given the strong economic performance that we foresee for 2016 and the rapid increase in wages, we believe that medical device import growth will strengthen in US dollar terms in 2016, although the depreciation of the Romanian leu may temper growth rates slightly. In the 12 months to January 2015, imports rose by 10.8% to USD490.0mn.

  • Due to the economic recovery in Romania's main eurozone trading markets, we believe that medical device export growth in US dollar terms will be positive in 2016. In the 12 months to January 2015, exports increased by 13.8% to USD172.1mn.

  • In March 2016, MedLife, the largest private healthcare provider in Romania, announced that it plans to invest at least EUR25mn (USD26.9mn) in new acquisitions by the end of 2017. The operator will use EUR20mn (USD21.5mn) of a EUR56mn (USD60.2mn) loan for new acquisitions, to which it will add EUR5mn (USD5.4mn) of its own funds. This will boost medical device demand in the country, as new clinics are opened.

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
26
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
30
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)
35
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
41
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
45
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
46
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
48
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
49
Table: Detailed Medical Device Import Trends by Product Area, 2014
52
Table: Detailed Leading Medical Device Suppliers by Product Area, 2014 (USD000s)
55
Monthly Medical Device Imports
59
Table: Monthly Medical Device Imports By Product Area, Year Ending October 2015 (USDmn)
59
Annual Medical Device Exports
60
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
64
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
65
Table: Top 20 Medical Device Destinations (USD000s), 2014
67
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
68
Table: Detailed Medical Device Export Trends By Product Area, 2014
71
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
74
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
77
Monthly Medical Device Exports
81
Table: Monthly Medical Device Exports By Product Area, Year Ending October 2015 (USDmn)
81
Industry Risk/Reward Index
82
Industry Risk Reward Ratings
82
Table: CEE Medical Device Risk/Reward Index, Q216
83
Market Overview
84
Medical Device Market Overview
84
Table: Medical Device Market, Key Ratios, 2014
85
Table: Medical Device Market By Product Area, 2014
85
Healthcare Overview
86
Health Status
86
Healthcare System
87
Private Healthcare Providers
87
Healthcare Funding
89
Healthcare Resources
90
Table: Medical Device Technology By Type And Sector, 2010 (Units)
91
Healthcare Activity
91
Healthcare Personnel
92
Key Healthcare Data
93
Table: Key Healthcare Data, 2010-2015
93
Industry Trends And Developments
95
Regulatory Development
99
Medical Device Regulations
99
Competent Authority
99
Notified Body
99
Regulations
99
EU Medical Device Regulations
99
Designated Authorities
99
Existing Regulations
100
Proposed Regulatory Changes
101
Medical Device Pricing & Reimbursement
104
Competitive Landscape
105
Domestic Medical Device Production
105
Table: Medical Device Production By Detailed Product Area, 2010-2014 (EURmn)
105
Table: Medical Device Production By Detailed Product Area, 2010-2014 (USDmn)
108
Domestic Medical Device Manufacturing
112
National Medical Device Manufacturers
112
Multinational Medical Device Manufacturers
114
Multinational Market Activity
115
Table: Multinational Market Activity, 2016
115
Medical Device Market Access
117
Market Environment
117
Distribution
117
Trade Fair
118
Methodology
119
Forecast Methodology
119
Trade Code Classifications
120
Table: Rearranged HS Trade Codes
121
Risk/Reward Index Methodology
124
Table: Medical Devices Risk/Reward Index Indicators
125
Sources
127
Contact
128

The Romania 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 Romania provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Romania Medical Devices industry.

Key Benefits

  • Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Romania, 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 Romania.
  • Target Business Opportunities in the Romania Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Romania.
  • 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.