Slovakia Medical Devices Report

Published 11 January 2016

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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  • Benefit from the latest market opportunities
  • Understand the threats to your operations and investments and protect your company against future risks
  • Gain insight on emerging trends that could support, strengthen or disrupt your activities in the market
  • Get a full view of the competitive landscape to assess your market position

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Slovakia Medical Devices Report
Product Price
$1,295.00

BMI View: We expect Slovaki a to be the fifth fastest growing medical device market in Central & Eastern Europe (CEE) over the 201 4-2019 period, as the economy s trengthens and health spending remains at a high leve l. Health spending is high for the region, in per capita terms and as a percentage of GDP. S lovakia will remain heavily reliant on imported medical devices despite the presence of an established medical device industry .

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 648.7 118.9 487.7 89.4 0.752
2015 553.3 101.4 503.5 92.2 0.910
2016 571.2 104.6 531.2 97.3 0.930
2017 620.8 113.6 564.9 103.4 0.910
2018 690.9 126.4 601.1 109.9 0.870
2019 767.9 140.4 637.4 116.6 0.830

Latest Updates and Key Forecasts

  • We forecast that the market will register a 2014-2019 CAGR of 5.5% in local currency terms, but in US dollar terms, the 2014-2019 CAGR will be lower at 0.7%, due to the projected depreciation of the euro against the dollar. We expect the market to increase from USD648.7mn in 2014 to USD767.9mn in 2019.

  • With the economy set to perform well over the next few years, we anticipate that import performance will improve in US dollar terms in 2016, although currency depreciation may result in some negative values. In the 12 months to August 2015, imports fell by 6.6% to USD473.6mn.

  • Although a eurozone economic recovery is taking place, growth will be depressed by severe structural impediments, particularly among the developed states, which include some of Slovakia's key export markets. We therefore anticipate weak export performance in 2016. In the 12 months to August 2015, exports fell by 10.3% to USD227.7mn.

  • In December 2015, the MoH announced that it had...

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BMI Industry View
9
BMI Industry View
9
SWOT
11
Medical Device Market
11
Politics
12
Economic
13
Operational Risk
14
Industry Forecast
16
Medical Device Market Forecast
16
2014-2019 Performance
16
Table: Projected Medical Device Market, 2014-2019
17
2009-2014 Performance
17
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
19
Consumables Market Forecast
23
Bandages & Dressings
23
Suturing Materials
23
Syringes, Needles & Catheters
24
Other Consumables
24
Table: Consumables Market, 2009-2019 (USDmn)
25
Table: Consumables Market, 2010-2019 (USDmn % Change)
26
Diagnostic Imaging Market Forecast
28
Electrodiagnostic Apparatus
28
Radiation Apparatus
28
Imaging Parts & Accessories
29
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
30
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
31
Dental Products Market Forecast
33
Capital Equipment
33
Instruments & Supplies
33
Table: Dental Products Market, 2009-2019 (USDmn)
34
Table: Dental Products Market, 2010-2019 (USDmn % Change)
35
Orthopaedics & Prosthetics Market Forecast
37
Fixation Devices
37
Artificial Joints
37
Other Artificial Body Parts
38
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
38
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
39
Patient Aids Market Forecast
40
Portable Aids
40
Therapeutic Appliances
40
Table: Patient Aids Market, 2009-2019 (USDmn)
41
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
41
Other Medical Devices Market Forecast
43
Table: Other Medical Devices Market, 2009-2019 (USDmn)
44
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
45
Annual Medical Device Imports
47
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
51
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s % Change)
52
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
53
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s % Change)
54
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
56
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
57
Table: Detailed Medical Device Import Trends By Product Area, 2014
60
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
64
Monthly Medical Device Imports
68
Table: Monthly Medical Device Imports By Product Area, June 2012-June 2015 (USDmn)
68
Annual Medical Device Exports
70
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
75
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s % Change)
76
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
77
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s % Change)
78
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
80
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
81
Table: Detailed Medical Device Export Trends By Product Area, 2014
84
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
87
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
91
Monthly Medical Device Exports
95
Table: Monthly Medical Device Exports By Product Area, June 2012-June 2015 (USDmn)
95
Macroeconomic Forecasts
97
Economic Analysis
97
Table: Slovakia - Private Consumption Forecasts
102
Table: Slovakia - Public Consumption Forecasts
102
Table: Slovakia - Fixed Investment Forecast
103
Table: Slovakia - Net Export Forecasts
103
Industry Risk/Reward Index
104
Industry Risk/Reward Index
104
Table: CEE Medical Device Risk/Reward Index, Q415
105
Market Overview
106
Medical Device Market Overview
106
Table: Medical Device Market, Key Ratios, 2014
107
Table: Medical Device Market By Product Area, 2014
107
Healthcare Overview
108
Health Status
108
Healthcare System
110
Healthcare Funding
113
Healthcare Resources
115
Table: Diagnostic Imaging Technology By Type, 2006-2013 (Units)
117
Table: Diagnostic Imaging Technology By Type, 2006-2013 (Per Mn Population)
118
Healthcare Activity
119
Healthcare Personnel
119
Key Healthcare Data
120
Table: Key Healthcare Data, 2009-2014
120
Industry Trends And Developments
123
Industry Trends And Developments
123
Regulatory Development
131
Medical Device Regulations
131
Competent Authority
131
Notified Bodies
131
Regulations
131
EU Medical Device Regulations
131
Designated Authorities
131
Existing Regulations
132
Proposed Regulatory Changes
133
Implications For The Industry
136
Medical Device Pricing & Reimbursement
139
Competitive Landscape
141
Domestic Medical Device Production
141
Table: Detailed Medical Device Production By Product Area, 2010-2014 (EURmn)
141
Table: Detailed Medical Device Production By Product Area, 2010-2014 (USDmn)
144
Table: Detailed Medical Device Production By Product Area, 2010-2014 (% Total)
147
Domestic Medical Device Manufacturing
151
National Medical Device Manufacturers
151
Multinational Market Activity
153
Table: Multinational Market Activity, 2015
153
Medical Device Market Access
154
Market Environment
154
Distribution
154
Trade Association
154
Table: Selected Members Of SK-MED, 2015
155
Trade Fair
155
Methodology
156
Forecast Methodology
156
Trade Code Classifications
157
Table: Rearranged HS Trade Codes
158
Risk/Reward Index Methodology
161
Table: Medical Devices Risk/Reward Index Indicators
162
Sources
164
Contact
165

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.