Serbia 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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Serbia Medical Devices Report
Product Price
$1,295.00

BMI View: We expect the Serbian medical device market to increase by 1.1% in US dollar terms in 2016, up from -21.6% in 2015, due to a smaller depreciation of the Serbian dinar against the US dollar. Economic growth will remain tepid in 2016, but recovering demand from Serbia's European trad ing partners will boost export growth. The majority of medical devices are imported as local manufacturers focus on disposables such as bandages and syringes, and low-tech equipment.

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 159.1 22.3 14,076.2 1,972.5 88.4
2015 124.8 17.6 13,909.0 1,956.8 111.4
2016 126.1 17.8 14,604.5 2,062.8 115.8
2017 135.1 19.2 15,263.2 2,163.7 113.0
2018 144.3 20.5 15,622.3 2,222.8 108.3
2019 154.4 22.1 16,054.8 2,292.7 104.0

Latest Updates and Key Forecasts

  • We forecast that the market will register a 2014-2019 CAGR of 2.7% in local currency terms, but the 2014-2019 CAGR will be weaker in US dollar terms due to the projected depreciation of the Serbian dinar against the dollar. We forecast a 2014-2019 CAGR of -0.6% to take the market from USD159.1mn in 2014 to USD154.4mn in 2019.

  • Due to slow economic growth and the continued depreciation of the Serbian dinar, we believe that import growth will be negative in US dollar terms throughout most of 2016. In the 12 months to December 2015, imports fell by 15.4% to USD124.0mn.

  • Due to brightening growth prospects in Serbia's European export markets, we believe that export performance will remain positive in 2016, although growth is likely to be less rapid than that recorded in Q415, due to the nature of one-off purchases in the diagnostic imaging sector. In the 12 months to December 2015, exports rose by 3.9% to USD71.1mn.

  • In March 2016, Serbia joined the EU Health Programme 2014-2020, which aims to promote health, prevent disease, protect citizens from serious cross-border health threats, advocate innovation within health systems and improve access to better and safer healthcare. Serbia's participation in the programme will lead to greater investment in health system development, increased regional co-operation and a more efficient implementation of preventive measures.

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
16
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)
34
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 December 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, 2014 (USD000s)
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 December 2015 (USDmn)
81
Industry Risk/Reward Index
82
Industry Risk Reward Index
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 Provider
88
Healthcare Funding
89
Healthcare Resources
91
Table: Medical Device Technology By Type And Sector, 2010 (Units)
91
Healthcare Activity
92
Healthcare Personnel
92
Key Healthcare Data
93
Table: Key Healthcare Data, 2010-2015
93
Industry Trends And Developments
95
Industry Trends & Developments
95
Regulatory Development
99
Medical Device Regulations
99
Table: Serbian Medical Device Regulations, 2010-2015
100
Medical Device Pricing & Reimbursement
102
Competitive Landscape
104
Domestic Medical Device Manufacturing
104
National Medical Device Manufacturers
104
Boci
104
Prizma
104
Proxima
105
Multinational Medical Device Manufacturers
105
Fresenius Medical Care Srbija (Hemomed)
105
Multinational Market Activity
106
B
106
Becton Dickinson
106
Philips Healthcare
106
Siemens
106
Smith & Nephew
108
Stryker
108
Medical Device Market Access
108
Market Environment
108
Distribution
108
Trade Fair
108
Methodology
110
Forecast Methodology
110
Trade Code Classifications
111
Table: Rearranged HS Trade Codes
112
Risk/Reward Index Methodology
115
Table: Medical Devices Risk/Reward Index Indicators
116
Sources
118
Contact
119

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

Key Benefits

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