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 project t he Romanian medical device market to grow by a CAGR of 2. 3 % over the 201 4 -201 9 period , supported by good economic growth and rising health expenditure. The scarcity of high-tech equipment , expanding private healthcare sector and 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 The market will remain heavily reliant on im ports as the domestic industry mainly produces outdated equipment that can only compete with foreign products in terms of price .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 forecast 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.

  • We believe that medical device import growth will be weak in US dollar terms in 2016, due to the depreciation of the Romanian leu. In the 12 months to August 2015, imports rose by just 0.9% to USD427.1mn.

  • Due to the economic recovery in Romania's main eurozone trading markets, we believe that medical device export growth in US dollar terms will start to increase in 2016, although the depreciation of the Romanian leu may weaken the growth rates. In the 12 months to August 2015, exports increased by 4.9% to USD153.6mn.

  • The new government plans to make a number of changes to the healthcare system. These include introducing a new healthcare law; evaluating the existing emergency system; creating emergency units for rural areas and for crisis situations; and allowing taxpayers to redistribute a part of their mandatory health insurance contributions to private insurers.

BMI Industry View
7
SWOT
10
Medical Device Market
10
Political
11
Economic
12
Operational Risk
13
Industry Forecast
15
Medical Device Market Forecast
15
2014-2019 Performance
15
Table: Projected Medical Device Market, 2014-2019
16
2009-2014 Performance
16
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
18
Consumables Market Forecast
22
Bandages & Dressings
22
Suturing Materials
22
Syringes, Needles & Catheters
23
Other Consumables
23
Table: Consumables Market, 2009-2019 (USDmn)
24
Table: Consumables Market, 2010-2019 (USDmn % Change)
25
Diagnostic Imaging Market Forecast
27
Electrodiagnostic Apparatus
27
Radiation Apparatus
27
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)
34
Orthopaedics & Prosthetics Market Forecast
36
Fixation Devices
36
Artificial Joints
36
Other Artificial Body Parts
37
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
37
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
37
Patient Aids Market Forecast
39
Portable Aids
39
Therapeutic Appliances
39
Table: Patient Aids Market, 2009-2019 (USDmn)
40
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
40
Other Medical Devices Market Forecast
42
Table: Other Medical Devices Market, 2009-2019 (USDmn)
43
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
44
Annual Medical Device Imports
46
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
50
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s % Change)
51
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
52
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s % Change)
53
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
55
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
56
Table: Detailed Medical Device Import Trends by Product Area, 2014
59
Table: Detailed Leading Medical Device Suppliers by Product Area, 2014 (USD000s)
62
Monthly Medical Device Imports
66
Table: Monthly Medical Device Imports By Product Area, June 2012-June 2015 (USDmn)
66
Annual Medical Device Exports
68
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
72
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s % Change)
73
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
74
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s % Change)
75
Table: Top 20 Medical Device Destinations (USD000s), 2014
77
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
78
Table: Detailed Medical Device Export Trends By Product Area, 2014
81
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
84
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
87
Monthly Medical Device Exports
91
Table: Monthly Medical Device Exports By Product Area, June 2012-June 2015 (USDmn)
91
Macroeconomic Forecasts
93
Economic Analysis
93
Table: Economic Activity (Romania 2010-2019)
98
Industry Risk/Reward Index
99
Industry Risk Reward Ratings
99
Table: CEE Medical Device Risk/Reward Index, Q415
100
Market Overview
101
Medical Device Market Overview
101
Table: Medical Device Market, Key Ratios, 2014
102
Table: Medical Device Market By Product Area, 2014
102
Healthcare Overview
103
Health Status
103
Healthcare System
104
Private Healthcare Providers
108
Healthcare Funding
111
Healthcare Resources
113
Table: Medical Device Technology By Type And Sector, 2010 (Units)
115
Healthcare Activity
115
Healthcare Personnel
115
Key Healthcare Data
116
Table: Key Healthcare Data, 2009-2014
116
Industry Trends And Developments
119
Regulatory Development
125
Medical Device Regulations
125
Competent Authority
125
Notified Body
125
Regulations
125
EU Medical Device Regulations
125
Designated Authorities
125
Existing Regulations
127
Proposed Regulatory Changes
128
Implications For The Industry
131
Medical Device Pricing & Reimbursement
134
Competitive Landscape
135
Domestic Medical Device Production
135
Table: Medical Device Production By Detailed Product Area, 2010-2014 (EURmn)
135
Table: Medical Device Production By Detailed Product Area, 2010-2014 (USDmn)
138
Table: Medical Device Production By Detailed Product Area, 2010-2014 (% Distribution)
142
Domestic Medical Device Manufacturing
146
National Medical Device Manufacturers
146
Multinational Medical Device Manufacturers
147
Multinational Market Activity
147
Table: Multinational Market Activity, 2015
147
Medical Device Market Access
148
Market Environment
148
Distribution
148
Trade Fair
149
Methodology
150
Forecast Methodology
150
Trade Code Classifications
151
Table: Rearranged HS Trade Codes
152
Risk/Reward Index Methodology
155
Table: Medical Devices Risk/Reward Index Indicators
156
Sources
158
Contact
159

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.