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 The market will remain heavily reliant on im ports as the domestic industry mainly produces outdated equipment that can only compete with foreign products in terms of price .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
9
Table: Projected Medical Device Market, 2014-2019
9
Latest Updates and Key Forecasts
9
SWOT
10
Medical Device Market
10
Industry Forecast
12
Medical Device Market Forecast
12
Latest Updates
12
Structural Trends
12
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
14
Consumables Market Forecast
17
Latest Updates
17
Structural Trends
18
Bandages & Dressings
18
Suturing Materials
18
Syringes, Needles & Catheters
18
Other Consumables
19
Table: Consumables Market, 2009-2019 (USDmn)
20
Table: Consumables Market, 2010-2019 (USDmn % Change)
21
Diagnostic Imaging Market Forecast
23
Latest Updates
23
Structural Trends
23
Electrodiagnostic Apparatus
23
Radiation Apparatus
24
Imaging Parts & Accessories
24
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
25
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
26
Dental Products Market Forecast
28
Latest Updates
28
Structural Trends
28
Capital Equipment
28
Instruments & Supplies
29
Table: Dental Products Market, 2009-2019 (USDmn)
29
Table: Dental Products Market, 2010-2019 (USDmn % Change)
30
Orthopaedics & Prosthetics Market Forecast
32
Latest Updates
32
Structural Trends
32
Fixation Devices
32
Artificial Joints
33
Other Artificial Body Parts
33
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
34
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
34
Patient Aids Market Forecast
36
Latest Updates
36
Structural Trends
36
Portable Aids
36
Therapeutic Appliances
37
Table: Patient Aids Market, 2009-2019 (USDmn)
38
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
38
Other Medical Devices Market Forecast
40
Latest Updates
40
Structural Trends
40
Table: Other Medical Devices Market, 2009-2019 (USDmn)
41
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
42
Annual Medical Device Imports
44
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
48
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
49
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
51
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
52
Table: Detailed Medical Device Import Trends by Product Area, 2014
55
Table: Detailed Leading Medical Device Suppliers by Product Area, 2014 (USD000s)
58
Monthly Medical Device Imports
62
Table: Monthly Medical Device Imports By Product Area, Year Ending January 2016 (USDmn)
62
Annual Medical Device Exports
63
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
67
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
68
Table: Top 20 Medical Device Destinations (USD000s), 2014
70
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
71
Table: Detailed Medical Device Export Trends By Product Area, 2014
74
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
77
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
80
Monthly Medical Device Exports
84
Table: Monthly Medical Device Exports By Product Area, Year Ending January 2016 (USDmn)
84
Industry Risk/Reward Index
85
Industry Risk Reward Ratings
85
Table: CEE Medical Device Risk/Reward Index, Q316
86
Market Overview
87
Medical Device Market Overview
87
Table: Medical Device Market, Key Ratios, 2015
88
Table: Medical Device Market By Product Area, 2015
88
Healthcare Overview
89
Health Status
89
Healthcare System
90
Private Healthcare Providers
90
Healthcare Funding
92
Healthcare Resources
93
Table: Medical Device Technology By Type And Sector, 2010 (Units)
94
Healthcare Activity
95
Healthcare Personnel
95
Key Healthcare Data
96
Table: Key Healthcare Data, 2010-2015
96
Industry Trends And Developments
98
Regulatory Development
103
Medical Device Regulations
103
Competent Authority
103
Notified Body
103
Regulations
103
EU Medical Device Regulations
103
Designated Authorities
103
Existing Regulations
104
Proposed Regulatory Changes
105
Medical Device Pricing & Reimbursement
108
Competitive Landscape
109
Domestic Medical Device Production
109
Table: Medical Device Production By Detailed Product Area, 2010-2014 (EURmn)
109
Domestic Medical Device Manufacturing
112
National Medical Device Manufacturers
112
Biosintex
112
Sanevit 2003
113
Tehnogas Medical
114
Multinational Medical Device Manufacturers
115
Genko Med Group
115
Hamilton Central Europe
115
Multinational Market Activity
116
B
116
Becton Dickinson
116
Fresenius Medical Care
117
General Electric
117
Johnson & Johnson
117
Medtronic
118
Philips Healthcare
118
Siemens
118
Smith & Nephew
119
Stryker
119
Medical Device Market Access
119
Market Environment
119
Distribution
120
Trade Show
121
Methodology
122
Forecast Methodology
122
Trade Code Classifications
123
Table: Rearranged HS Trade Codes
124
Risk/Reward Index Methodology
127
Table: Medical Devices Risk/Reward Index Indicators
128
Sources
130
Contact
131

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.