Serbia Medical Devices Report

Published 02 July 2015

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Serbia Medical Devices Report

BMI Industry View: We expect t he Serbi an medical device market to grow by a CAGR of 0.9 % over the 2013-2018 period, hinde red by relatively slow GDP growth. The majority of medical devices are im ported as local manufactur ers focus on disposables such as bandages and s yringes, and low-tech equipment. The government is continuing to reform the healthcare system , however . In recent years, an extensive programme of renovation has been undertaken, with the help of external financing from international organisations such as the World Bank.

Headline Industry Forecasts

  • In 2013, the Serbian medical device market was estimated at USD155.4mn, or USD16 per capita. This market size is comparable to Latvia; in per capita terms, the market is similar to Ukraine. The 2008-2013 CAGR was -10.5% but the market is expected to expand at a CAGR of 0.9% over the 2013-2018 period, reaching USD162.8mn, or USD18 per capita by 2018.

  • Around 88% of the medical device market is supplied by imports. Serbia imported medical devices valued at USD137.0mn in 2013; this represented a decrease of 1.1% compared with 2012 and a 2008-2013 CAGR of -11.1%. In the 12 months to March 2015, imports rose by 1.4% to USD141.7mn.

  • Serbia exported medical devices worth USD70.2mn in 2013, representing an increase of 17.3% over 2012 and a 2008-2013 CAGR of 14.4%. The trade deficit decreased from USD78.7mn in 2012 to USD66.8mn in 2013, due to this export growth. In the 12 months to March 2015, exports fell by 15.8% to USD62.7mn.

  • Domestic production of medical equipment and devices is small and largely covers medical supplies such as bandages and syringes, as well as low-tech and small amounts of hi-tech medical equipment. Domestic medical device production is estimated to be around USD80mn.

Headline Industry Risk Reward Index

  • Serbia is the third least attractive market in Central & Eastern Europe (CEE) in which to commercialise a medical device, according to BMI's Medical Device...

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
2008-2013 Performance
15
Future Performance 2013-2018
17
Table: Projected Medical Device Market, 2013-2018
18
Table: Detailed Medical Device Market By Product Area, 2008-2018 (USDmn)
19
Consumables Market Forecast
21
Bandages & Dressings
22
Suturing Materials
22
Syringes, Needles & Catheters
22
Other Consumables
22
Table: Consumables Market, 2008-2018 (USDmn)
23
Table: Consumables Market, 2009-2018 (USDmn % Change)
24
Diagnostic Imaging Market Forecast
25
Electrodiagnostic Apparatus
25
Radiation Apparatus
26
Imaging Parts & Accessories
26
Table: Diagnostic Imaging Market, 2008-2018 (USDmn)
27
Table: Diagnostic Imaging Market, 2009-2018 (USDmn % Change)
28
Dental Products Market Forecast
29
Capital Equipment
29
Instruments & Supplies
30
Table: Dental Products Market, 2008-2018 (USDmn)
30
Table: Dental Products Market, 2009-2018 (USDmn % Change)
31
Orthopaedics & Prosthetics Market Forecast
32
Fixation Devices
32
Artificial Joints
33
Other Artificial Body Parts
33
Table: Orthopaedics & Prosthetics Market, 2008-2018 (USDmn)
33
Table: Orthopaedics & Prosthetics Market, 2009-2018 (USDmn % Change)
34
Patient Aids Market Forecast
35
Portable Aids
35
Therapeutic Appliances
35
Table: Patient Aids Market, 2008-2018 (USDmn)
35
Table: Patient Aids Market, 2009-2018 (USDmn % Change)
36
Other Medical Devices Market Forecast
37
Table: Other Medical Devices Market, 2008-2018 (USDmn)
38
Table: Other Medical Devices Market, 2009-2018 (USDmn % Change)
38
Annual Medical Device Imports
40
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s)
44
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s % Change)
45
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
46
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s % Change)
47
Table: Top 20 Medical Device Suppliers, 2013 (USD000s)
49
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (USD000s)
50
Table: Detailed Medical Device Import Trends by Product Area, 2013
53
Table: Detailed Leading Medical Device Suppliers by Product Area, 2013 (USD000s)
56
Monthly Medical Device Imports
59
Table: Monthly Medical Device Imports By Product Area, January 2012-March 2015 (USDmn)
59
Annual Medical Device Exports
61
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s)
65
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s % Change)
66
Table: Medical Device Exports by Product Area, 2009-2013 (Local Currency 000s)
67
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s % Change)
68
Table: Top 20 Medical Device Destinations, 2013 (USD000s)
69
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (USD000s)
70
Table: Detailed Medical Device Export Trends By Product Area, 2013
73
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (USD000s)
77
Table: Detailed Medical Device Trade Balance, 2009-2013 (USD000s)
80
Monthly Medical Device Exports
83
Table: Monthly Medical Device Exports By Product Area, January 2012-March 2015 (USDmn)
83
Macroeconomic Forecasts
85
Economic Analysis
85
Industry Risk/Reward Index
90
Industry Risk Reward Index
90
Table: CEE Medical Device Risk/Reward Index, Q315
91
Market Overview
93
Medical Device Market Overview
93
Table: Medical Device Market, Key Ratios, 2013
94
Table: Medical Device Market By Product Area, 2013
94
Healthcare Overview
95
Health Status
95
Healthcare System
95
Private Healthcare Providers
100
Healthcare Funding
100
Healthcare Resources
101
Table: Medical Device Technology By Type And Sector, 2010 (Units)
101
Healthcare Activity
102
Healthcare Personnel
102
Key Healthcare Data
103
Table: Key Healthcare Data, 2009-2014
103
Industry Trends And Developments
105
Industry Trends & Developments
105
Regulatory Development
110
Medical Device Regulations
110
Table: Serbian Medical Device Regulations, 2010-2014
111
Medical Device Pricing & Reimbursement
112
Competitive Landscape
114
Domestic Medical Device Manufacturing
114
National Medical Device Manufacturers
114
Multinational Medical Device Manufacturers
115
Multinational Market Activity
116
Table: Multinational Market Activity, 2015
116
Medical Device Market Access
117
Market Environment
117
Distribution
117
Trade Fair
118
Methodology
119
Forecast Methodology
119
Trade Code Classifications
120
Table: Used HS Trade Codes
120
Table: Rearranged HS Trade Codes
122
Risk/Reward Index Methodology
125
Table: Medical Devices Risk/Reward Index Indicators
126
Sources
128
Contact
129

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.

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