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 3.7 % in US dollar terms in 201 7, although growth will be lower in US dollar terms due to the depreciation of the Serbian dinar. Accelerating real GDP growth in 2016 and 2017 will boost the market despite weaker external demand from Serbia's European trading partners. 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, 2015-2020
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2015 138.6 19.5 15,078.6 2,121.4 108.8
2016 133.7 18.9 15,368.5 2,170.7 115.0
2017 136.6 19.4 15,938.5 2,259.5 116.7
2018 141.7 20.2 16,771.7 2,386.3 118.4
2019 148.9 21.3 17,864.4 2,551.2 120.0
2020 162.0 23.2 19,439.8 2,786.4 120.0

Latest Updates and Key Forecasts

  • We have revised upwards our forecasts and now project that the market will expand by a 2015-2020 CAGR of 5.2% in local currency terms, which will take expenditure to RSD19.4bn in 2020. Market growth in US dollar terms will be lower at a 2015-2020 CAGR of 3.2%, which should see it increase to USD162.0mn in 2020.

  • We expect import performance to improve in 2016 and 2017 with real GDP growth set to accelerate in on the back of rising consumer spending. Local currency depreciation will temper growth rates, however. In the 12 months to July 2016, imports fell by 5.5% to USD126.3mn.

  • We believe that export performance is set to falter due to weaker external demand in Serbia's major trading partners in the eurozone and the wider EU. In the 12 months to July 2016, exports rose by 23.4% to USD74.9mn.

  • In June 2016, the state allocated nearly RSD800mn (USD7.0mn) for four new radiotherapy machines in three medical facilities: the Institute of Oncology and Radiology in Belgrade, Clinical Centre Kragujevac and Clinical Centre Nis. In addition to providing opportunities for suppliers of radiotherapy equipment, this will help to reduce the radiotherapy waiting list which has been several months long.

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
18
Latest Updates
18
Structural Trends
18
Bandages & Dressings
18
Suturing Materials
19
Syringes, Needles & Catheters
19
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
28
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
32
Other Artificial Body Parts
33
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
33
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
34
Patient Aids Market Forecast
35
Latest Updates
35
Structural Trends
35
Portable Aids
35
Therapeutic Appliances
36
Table: Patient Aids Market, 2009-2019 (USDmn)
36
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
37
Other Medical Devices Market Forecast
39
Latest Updates
39
Structural Trends
39
Table: Other Medical Devices Market, 2009-2019 (USDmn)
40
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
41
Annual Medical Device Imports
43
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
47
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
48
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
50
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
51
Table: Detailed Medical Device Import Trends by Product Area, 2014
54
Table: Detailed Leading Medical Device Suppliers by Product Area, 2014 (USD000s)
57
Monthly Medical Device Imports
61
Table: Monthly Medical Device Imports By Product Area, Year Ending February 2016 (USDmn)
61
Annual Medical Device Exports
62
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
66
Table: Medical Device Exports by Product Area, 2010-2014 (Local Currency 000s)
67
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
69
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
70
Table: Detailed Medical Device Export Trends By Product Area, 2014
73
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
76
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
79
Monthly Medical Device Exports
83
Table: Monthly Medical Device Exports By Product Area, Year Ending February 2016 (USDmn)
83
Industry Risk/Reward Index
84
Industry Risk Reward Index
84
Table: CEE Medical Device Risk/Reward Index, Q316
85
Market Overview
86
Medical Device Market Overview
86
Table: Medical Device Market, Key Ratios, 2015
86
Table: Medical Device Market By Product Area, 2015
87
Healthcare Overview
88
Health Status
88
Healthcare System
89
Private Healthcare Provider
90
Healthcare Funding
91
Healthcare Resources
93
Table: Medical Device Technology By Type And Sector, 2010 (Units)
93
Healthcare Activity
94
Healthcare Personnel
94
Key Healthcare Data
95
Table: Key Healthcare Data, 2010-2015
95
Industry Trends And Developments
97
Industry Trends & Developments
97
Regulatory Development
101
Medical Device Regulations
101
Competent Authority
101
Regulation
102
Table: Serbian Medical Device Regulations, 2010-2015
103
Classification
104
Marketing Authorisation
104
Medical Device Pricing & Reimbursement
104
Competitive Landscape
106
Domestic Medical Device Manufacturing
106
National Medical Device Manufacturers
106
Boci
106
Prizma
106
Proxima
107
Multinational Medical Device Manufacturers
107
Fresenius Medical Care Srbija (Hemomed)
107
Multinational Market Activity
108
B
108
Becton Dickinson
108
Philips Healthcare
110
Siemens
110
Smith & Nephew
111
Stryker
111
Medical Device Market Access
111
Market Environment
111
Distribution
111
Trade Show
112
Methodology
113
Forecast Methodology
113
Trade Code Classifications
114
Table: Rearranged HS Trade Codes
115
Risk/Reward Index Methodology
118
Table: Medical Devices Risk/Reward Index Indicators
119
Sources
121
Contact
122

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.