BMI View: We expect the Ukrainian medical device market to increase by 1 1 .9% in US dollar terms in 201 7 , although growth will be weaker in US dollar terms due to the depreciation of the local currency. We anticipate economic and import performance to improve in the long-term following a slow recovery . Demand for expensive medical equipment is largely met by imports, although the domestic industry is gradually accounting for a larger share.
|Total (USDmn)||Per Capita (USD)||Total (Local Currency mn)||Per Capita (Local Currency)||Exchange Rate (Local Currency/USD)|
Latest Updates and Key Forecasts
We forecast that the market will register a 2014-2019 CAGR of 19.5% in local currency terms, but US dollar terms, the 2014-2019 CAGR will be lower at 0.9%, due to the projected depreciation of the Ukrainian hryvnia against the dollar over the forecast period. We expect the market to increase from USD420.9mn in 2014 to USD440.8mn in 2019.
We anticipate import performance to remain weak in US dollar terms as the economy recovers slowly, and depreciation of the Ukrainian hryvnia moderate growth rates. In the 12 months to April 2016, imports decreased by 2.0% to USD235.7mn.
We believe that export growth in US dollar terms will remain negative over the coming quarters due to subdued external demand from Russia and Europe. In the 12 months to April 2016, exports decreased by 26.1% to USD22.3mn.
In September 2016, the government sent a Letter of Intent to the International Monetary Fund (IMF), which describes the policies that Ukraine intends to implement in the context of its request for financial support from the organisation. One of the policies is healthcare reform, which will result in an improved quality of services for the population.
The Ukraine 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 Ukraine provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Ukraine Medical Devices industry.
- Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Ukraine, 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 Ukraine.
- Target Business Opportunities in the Ukraine Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Ukraine.
- 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.
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 analyses of the medical devices market, the political environment, the economic landscape and the business environment.
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.
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.
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.
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.
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.
Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.