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 t he Serbi an medical device market to fall by a CAGR of 0. 6 % over the 201 4 -201 9 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 .

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 the bleak economic outlook and the depreciation of the Serbian dinar, we believe that medical device import growth will be negative in US dollar terms throughout 2016. In the 12 months to September 2015, imports fell by 10.6% to USD131.4mn.

  • Due to brightening growth prospects in Serbia's main export markets, we believe that export performance will improve in 2016, although it will be weak in US dollar terms, due to the depreciation of the Serbian dinar. In the 12 months to September 2015, exports fell by 24.8% to USD59.7mn.

  • In December 2015, a new diagnostic centre was opened in Novi Pazar. The centre includes departments for obstetrics, neonatology and mammography and it will be equipped with the most advanced medical devices including digital X-ray, magnetic resonance imaging, a multi-slice scanner, colour Doppler and digital mammography equipment. The construction of the 1,400m2 centre was funded by the United Arab Emirates.

BMI Industry View
7
SWOT
9
Medical Device Market
9
Political
10
Economic
11
Operational Risk
12
Industry Forecast
14
Medical Device Market Forecast
14
2014-2019 Performance
14
Table: Projected Medical Device Market, 2014-2019
15
2009-2014 Performance
15
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
17
Consumables Market Forecast
20
Bandages & Dressings
21
Suturing Materials
21
Syringes, Needles & Catheters
21
Other Consumables
21
Table: Consumables Market, 2009-2019 (USDmn)
22
Table: Consumables Market, 2010-2019 (USDmn % Change)
23
Diagnostic Imaging Market Forecast
25
Electrodiagnostic Apparatus
25
Radiation Apparatus
25
Imaging Parts & Accessories
26
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
27
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
28
Dental Products Market Forecast
30
Capital Equipment
30
Instruments & Supplies
30
Table: Dental Products Market, 2009-2019 (USDmn)
31
Table: Dental Products Market, 2010-2019 (USDmn % Change)
32
Orthopaedics & Prosthetics Market Forecast
34
Fixation Devices
34
Artificial Joints
34
Other Artificial Body Parts
35
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
35
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
35
Patient Aids Market Forecast
37
Portable Aids
37
Therapeutic Appliances
37
Table: Patient Aids Market, 2009-2019 (USDmn)
38
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
39
Other Medical Devices Market Forecast
41
Table: Other Medical Devices Market, 2009-2019 (USDmn)
42
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
43
Annual Medical Device Imports
45
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
49
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s % Change)
50
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
51
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s % Change)
52
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
54
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
55
Table: Detailed Medical Device Import Trends by Product Area, 2014
58
Table: Detailed Leading Medical Device Suppliers by Product Area, 2014 (USD000s)
61
Monthly Medical Device Imports
65
Table: Monthly Medical Device Imports By Product Area, June 2012-June 2015 (USDmn)
65
Annual Medical Device Exports
67
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
71
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s % Change)
72
Table: Medical Device Exports by Product Area, 2010-2014 (Local Currency 000s)
73
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s % Change)
74
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
76
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
77
Table: Detailed Medical Device Export Trends By Product Area, 2014
80
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
83
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
86
Monthly Medical Device Exports
90
Table: Monthly Medical Device Exports By Product Area, June 2012-June 2015 (USDmn)
90
Macroeconomic Forecasts
92
Economic Analysis
92
Industry Risk/Reward Index
95
Industry Risk Reward Index
95
Table: CEE Medical Device Risk/Reward Index, Q415
96
Market Overview
97
Medical Device Market Overview
97
Table: Medical Device Market, Key Ratios, 2014
98
Table: Medical Device Market By Product Area, 2014
98
Healthcare Overview
99
Health Status
99
Healthcare System
99
Private Healthcare Providers
104
Healthcare Funding
104
Healthcare Resources
105
Table: Medical Device Technology By Type And Sector, 2010 (Units)
105
Healthcare Activity
106
Healthcare Personnel
106
Key Healthcare Data
107
Table: Key Healthcare Data, 2009-2014
107
Industry Trends And Developments
109
Industry Trends & Developments
109
Regulatory Development
114
Medical Device Regulations
114
Table: Serbian Medical Device Regulations, 2010-2014
115
Medical Device Pricing & Reimbursement
116
Competitive Landscape
118
Domestic Medical Device Manufacturing
118
National Medical Device Manufacturers
118
Multinational Medical Device Manufacturers
119
Multinational Market Activity
120
Table: Multinational Market Activity, 2015
120
Medical Device Market Access
121
Market Environment
121
Distribution
122
Trade Fair
123
Methodology
124
Forecast Methodology
124
Trade Code Classifications
125
Table: Rearranged HS Trade Codes
126
Risk/Reward Index Methodology
129
Table: Medical Devices Risk/Reward Index Indicators
130
Sources
132
Contact
133

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.