Slovakia 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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Slovakia Medical Devices Report
Product Price
$1,295.00

BMI View: T he Slovakian medical device market will grow moderately over the 2015-2020 forecast period, but will register lower growth in US dollar terms due to euro weakness . Slovakia will remain heavily reliant on imported medical devices despite the presence of an established medical device industry.

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 608.9 112.2 548.6 101.1 0.9
2016 609.1 112.2 569.3 104.8 0.9
2017 627.3 115.5 597.4 110.0 1.0
2018 642.7 118.3 630.1 116.0 1.0
2019 664.9 122.3 664.9 122.3 1.0
2020 701.7 129.1 701.7 129.1 1.0

Latest Updates And Key Forecasts

  • We have revised downwards our forecasts and now project that the market will expand by a 2015-2020 CAGR of 5.0% in local currency terms, which will take expenditure to EUR701.7mn in 2020. Market growth in US dollar terms will be lower at a 2015-2020 CAGR of 2.9%, which will take expenditure to USD701.7mn in 2020, as the euro hits parity with the US dollar.

  • We anticipate that import growth in US dollar terms will remain relatively weak compared with past performance, hindered by slower economic growth over the coming years. Local currency depreciation will also weaken values. In the 12 months to June 2016, imports rose by 2.6% to USD473.6mn.

  • We expect export growth to remain negative in US dollar terms due to weaker external demand in Slovakia's major European trading partners as a result of the UK's vote to leave the EU in June 2016. Local currency depreciation will also weaken values. In the 12 months to June 2016, exports fell by 9.6% to USD209.0mn.

  • We expect higher transparency in the future as the MoH seeks to improve purchasing processes. In October 2016, a major audit carried out by the Supreme Audit Office (NKU) between February and October revealed that nine state-run university and faculty hospitals had violated the law in relation to the procurement of medical equipment over a five-year period.

BMI Industry View
9
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)
15
Consumables Market Forecast
19
Latest Updates
19
Structural Trends
19
Bandages & Dressings
19
Suturing Materials
20
Syringes, Needles & Catheters
20
Other Consumables
20
Table: Consumables Market, 2009-2019 (USDmn)
21
Table: Consumables Market, 2010-2019 (USDmn % Change)
22
Diagnostic Imaging Market Forecast
24
Latest Updates
24
Structural Trends
24
Electrodiagnostic Apparatus
24
Radiation Apparatus
25
Imaging Parts & Accessories
25
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
26
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
27
Dental Products Market Forecast
29
Latest Updates
29
Structural Trends
29
Capital Equipment
29
Instruments & Supplies
30
Table: Dental Products Market, 2009-2019 (USDmn)
30
Table: Dental Products Market, 2010-2019 (USDmn % Change)
31
Orthopaedics & Prosthetics Market Forecast
33
Latest Updates
33
Structural Trends
33
Fixation Devices
33
Artificial Joints
34
Other Artificial Body Parts
34
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
34
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
35
Patient Aids Market Forecast
36
Latest Updates
36
Structural Trends
36
Portable Aids
36
Therapeutic Appliances
37
Table: Patient Aids Market, 2009-2019 (USDmn)
37
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
38
Other Medical Devices Market Forecast
40
Latest Updates
40
Structural Trends
40
Table: Other Medical Devices Market, 2009-2019 (USDmn)
41
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
42
Annual Medical Device Imports
44
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
48
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
49
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
51
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
52
Table: Detailed Medical Device Import Trends By Product Area, 2014
55
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
58
Monthly Medical Device Imports
62
Table: Monthly Medical Device Imports By Product Area, Year Ending October 2015 (USDmn)
62
Annual Medical Device Exports
63
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
68
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
69
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
71
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
72
Table: Detailed Medical Device Export Trends By Product Area, 2014
75
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
78
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
81
Monthly Medical Device Exports
84
Table: Monthly Medical Device Exports By Product Area, Year Ending October 2015 (USDmn)
84
Industry Risk/Reward Index
85
Industry Risk/Reward Index
85
Table: CEE Medical Device Risk/Reward Index, Q216
86
Market Overview
87
Medical Device Market Overview
87
Table: Medical Device Market, Key Ratios, 2014
87
Table: Medical Device Market By Product Area, 2014
88
Healthcare Overview
88
Health Status
88
Healthcare System
90
Healthcare Funding
90
Healthcare Resources
92
Table: Diagnostic Imaging Technology By Type, 2006-2013 (Units)
93
Table: Diagnostic Imaging Technology By Type, 2006-2013 (Per Mn Population)
94
Healthcare Activity
96
Healthcare Personnel
96
Key Healthcare Data
97
Table: Key Healthcare Data, 2010-2015
97
Industry Trends And Developments
99
Industry Trends And Developments
99
Regulatory Development
107
Medical Device Regulations
107
Competent Authority
107
Notified Bodies
107
Regulations
107
EU Medical Device Regulations
107
Designated Authorities
107
Existing Regulations
108
Proposed Regulatory Changes
109
Medical Device Pricing & Reimbursement
112
Pricing
112
Reimbursement
112
Procurement
113
Competitive Landscape
114
Domestic Medical Device Production
114
Table: Detailed Medical Device Production By Product Area, 2010-2014 (EURmn)
114
Table: Detailed Medical Device Production By Product Area, 2010-2014 (USDmn)
117
Domestic Medical Device Manufacturing
121
National Medical Device Manufacturers
121
Ekom
121
Mediprogress Group
121
Medist
123
M
123
Protea
123
Multinational Market Activity
124
Table: Multinational Market Activity, 2016
124
Medical Device Market Access
126
Market Environment
126
Distribution
126
Trade Association
126
Table: Selected Members Of SK-MED, 2016
127
Trade Fair
127
Methodology
128
Forecast Methodology
128
Trade Code Classifications
129
Table: Rearranged HS Trade Codes
130
Risk/Reward Index Methodology
133
Table: Medical Devices Risk/Reward Index Indicators
134
Sources
136
Contact
137

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.