Slovakia Medical Devices Report

Published 12 June 2015

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Slovakia Medical Devices Report

BMI Industry View: We expect t he Slovaki an medical device market to grow by a CAGR of 3.9 % over the 2013-2018 period, as the economy grows and health spending remains at a high level . Slovakia is heavily reliant on imported medical devices despite the presence of an established medical device industry. Health spending is high for the region, in per capita terms and as a percentage of GDP. If the government is successful in creating a single health insure r , the amount of funding within the health system should increase.

Headline Industry Forecasts

  • In 2013, the Slovakian medical device market was estimated at USD545.0mn, or USD100 per capita. This market size is comparable to Hungary, while per capita expenditure is similar to Estonia. The 2008-2013 CAGR was estimated at 2.1% but the market is expected to expand at a CAGR of 3.9% over the 2013-2018 period, reaching USD659.9mn, or USD121 per capita, by 2018.

  • Around 88% of the medical device market is supplied by imports. Slovakia imported medical devices valued at USD482.1mn in 2013; this represented an increase of 7.6% over 2012 and a 2008-2013 CAGR of 1.5%. Imports grew every year between 2004 and 2013, except for 2009. In the 12 months to January 2015, imports fell by 1.7% to USD497.4mn.

  • Slovakia exported medical devices worth USD221.5mn in 2013, representing a decrease of 7.7% compared with 2012 and a 2008-2013 CAGR of -2.4%. The trade deficit increased from -USD208.0mn in 2012 to -USD260.5mn in 2013, due to import growth. In the 12 months to January 2015, exports rose by 9.6% to USD251.1mn.

  • Slovakia has an established medical device manufacturing sector although domestic companies struggle to compete with Western manufacturers in terms of product quality or innovation. Areas of specialism include X-ray and dental products. Domestic medical device production is estimated to be in excess of USD300mn.

Headline Industry Risk /Reward Index

  • Slovakia is the ninth most attractive...

Table of Contents

BMI Industry View
7
BMI Industry View
7
SWOT
10
Medical Device Market
10
Politics
11
Economic
12
Operational Risk
13
Industry Forecast
15
Medical Device Market Forecast
15
2008-2013 Performance
15
2013-2018 Performance
17
Table: Projected Medical Device Market, 2013-2018
18
Table: Detailed Medical Device Market By Product Area, 2008-2018 (USDmn)
19
Consumables Market Forecast
22
Bandages & Dressings
22
Suturing Materials
22
Syringes, Needles & Catheters
23
Other Consumables
23
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)
26
Table: Diagnostic Imaging Market, 2009-2018 (USDmn % Change)
27
Dental Products Market Forecast
29
Capital Equipment
29
Instruments & Supplies
29
Table: Dental Products Market, 2008-2018 (USDmn)
30
Table: Dental Products Market, 2009-2018 (USDmn % Change)
30
Orthopaedics & Prosthetics Market Forecast
32
Fixation Devices
32
Artificial Joints
32
Other Artificial Body Parts
32
Table: Orthopaedics & Prosthetics Market, 2008-2018 (USDmn)
33
Table: Orthopaedics & Prosthetics Market, 2009-2018 (USDmn % Change)
33
Patient Aids Market Forecast
34
Portable Aids
34
Therapeutic Appliances
35
Table: Patient Aids Market, 2008-2018 (USDmn)
35
Table: Patient Aids Market, 2009-2018 (USDmn % Change)
35
Other Medical Devices Market Forecast
37
Table: Other Medical Devices Market, 2008-2018 (USDmn)
37
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)
45
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s % Change)
46
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
47
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s % Change)
48
Table: Top 20 Medical Device Suppliers, 2013 (USD000s)
50
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (USD000s)
51
Table: Detailed Medical Device Import Trends By Product Area, 2013
54
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (USD000s)
57
Monthly Medical Device Imports
60
Table: Monthly Medical Device Imports By Product Area, December 2011-January 2015 (USDmn)
61
Annual Medical Device Exports
62
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s)
66
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s % Change)
67
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
68
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s % Change)
69
Table: Top 20 Medical Device Destinations, 2013 (USD000s)
71
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (USD000s)
72
Table: Detailed Medical Device Export Trends By Product Area, 2013
75
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (USD000s)
78
Table: Detailed Medical Device Trade Balance, 2009-2013 (USD000s)
81
Monthly Medical Device Exports
85
Table: Monthly Medical Device Exports By Product Area, December 2011-January 2015 (USDmn)
85
Macroeconomic Forecasts
87
Economic Analysis
87
Table: Economic Activity (Slovakia 2010-2019)
94
Industry Risk/Reward Index
95
Industry Risk/Reward Index
95
Table: CEE Medical Device Risk/Reward Index, Q315
96
Market Overview
97
Medical Device Market Overview
97
Table: Medical Device Market, Key Ratios, 2013
98
Table: Medical Device Market By Product Area, 2013
98
Healthcare Overview
99
Health Status
99
Healthcare System
101
Healthcare Funding
104
Healthcare Resources
106
Table: Medical Technology By Type, 2006-2012 (Units)
108
Table: Medical Technology By Type, 2006-2012 (Per Mn Population)
109
Healthcare Activity
110
Healthcare Personnel
110
Key Healthcare Data
111
Table: Key Healthcare Data, 2009-2014
111
Industry Trends And Developments
114
Industry Trends And Developments
114
Regulatory Development
121
Medical Device Regulations
121
Competent Authority
121
Notified Bodies
121
Regulations
121
EU Medical Device Regulations
121
Designated Authorities
121
Existing Regulations
122
Proposed Regulatory Changes
123
Implications For The Industry
126
Medical Device Pricing & Reimbursement
128
Competitive Landscape
130
Domestic Medical Device Production
130
Table: Detailed Medical Device Production By Product Area, 2009-2013 (EURmn)
130
Table: Detailed Medical Device Production By Product Area, 2009-2013 (USDmn)
133
Table: Detailed Medical Device Production By Product Area, 2009-2013 (% Total)
136
Domestic Medical Device Manufacturing
140
National Medical Device Manufacturers
140
Multinational Market Activity
142
Table: Multinational Market Activity, 2015
142
Medical Device Market Access
143
Market Environment
143
Distribution
143
Trade Association
143
Table: Selected Members Of SK-MED, 2015
144
Trade Fair
144
Methodology
145
Forecast Methodology
145
Trade Code Classifications
146
Table: Used HS Trade Codes
146
Table: Rearranged HS Trade Codes
148
Risk/Reward Index Methodology
151
Table: Medical Devices Risk/Reward Index Indicators
152
Sources
154
Contact
155

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

Key Benefits

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

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc