Ukraine 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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Ukraine Medical Devices Report
Product Price
$1,295.00

BMI View: We expect the Ukrainian medical device market to increase by 12.9% in US dollar terms in 2016, up from 27.8% in 2015, due to a smaller depreciation of the local currency against the dollar. We anticipate economic and import performance to improve in the long-term. Demand for expensive medical equipment is largely met by imports, although the domestic industry is gradually accounting for a larger share.

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 420.9 9.4 5,055.6 112.5 12.0
2015 304.0 6.8 7,295.2 163.4 24.0
2016 343.3 7.7 8,925.5 201.2 26.0
2017 369.8 8.4 9,985.8 226.6 27.0
2018 398.2 9.1 11,148.5 254.7 28.0
2019 440.8 10.1 12,342.1 283.9 28.0

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 improve in US dollar terms in 2016 as the economy starts to recover, although the depreciation of the Ukrainian hryvnia will moderate growth rates. In the 12 months to December 2015, imports decreased by 18.7% to USD235.4mn.

  • We believe that medical device export growth in US dollar terms will remain negative in 2016, due to weaker external demand from Russia, Ukraine's major export destination. In the 12 months to December 2015, exports decreased by 29.8% to USD24.3mn.

  • In March 2016, the Japanese government granted USD335,000 to Ukraine for five projects in the fields of healthcare and education. Medical device suppliers will benefit from this grant as some of the projects are aimed at modernising medical equipment at the Rohatyn Central District Hospital, Lviv Regional Clinical Hospital, Zhashkov Central District Hospital and Katerynopil Central Regional Hospital.

BMI Industry View
7
Table: Projected Medical Device Market, 2014-2019
7
SWOT
8
Medical Device Market
8
Industry Forecast
10
Medical Device Market Forecast
10
Latest Updates
10
Structural Trends
10
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
11
Consumables Market Forecast
16
Latest Updates
16
Structural Trends
16
Bandages & Dressings
16
Suturing Materials
16
Syringes, Needles & Catheters
17
Other Consumables
17
Table: Consumables Market, 2009-2019 (USDmn)
18
Table: Consumables Market, 2010-2019 (USDmn % Change)
19
Diagnostic Imaging Market Forecast
21
Latest Updates
21
Structural Trends
21
Electrodiagnostic Apparatus
21
Radiation Apparatus
22
Imaging Parts & Accessories
22
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
23
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
24
Dental Products Market Forecast
26
Latest Updates
26
Structural Trends
26
Capital Equipment
26
Instruments & Supplies
27
Table: Dental Products Market, 2009-2019 (USDmn)
28
Table: Dental Products Market, 2010-2019 (USDmn % Change)
29
Orthopaedics & Prosthetics Market Forecast
31
Latest Updates
31
Structural Trends
31
Fixation Devices
31
Artificial Joints
31
Other Artificial Body Parts
32
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
32
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
33
Patient Aids Market Forecast
34
Latest Updates
34
Structural Trends
34
Portable Aids
34
Therapeutic Appliances
34
Table: Patient Aids Market, 2009-2019 (USDmn)
36
Table: Patient Aids Market, 2009-2019 (USDmn % Change)
36
Other Medical Devices Market Forecast
38
Latest Updates
38
Structural Trends
38
Table: Other Medical Devices Market, 2009-2019 (USDmn)
39
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
40
Annual Medical Device Imports
42
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
46
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
47
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
49
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
50
Table: Detailed Medical Device Import Trends By Product Area, 2014
53
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
56
Monthly Medical Device Imports
60
Table: Monthly Medical Device Imports By Product Area, Year Ending August 2015 (USDmn)
60
Annual Medical Device Exports
61
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
66
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
67
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
69
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
70
Table: Detailed Medical Device Export Trends By Product Area, 2014
73
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
77
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
80
Monthly Medical Device Exports
83
Table: Monthly Medical Device Exports By Product Area, Year Ending August 2015 (USDmn)
83
Industry Risk/Reward Index
84
Table: CEE Medical Device Risk/Reward Index, Q216
85
Market Overview
86
Medical Device Market Overview
86
Table: Medical Device Market, Key Ratios, 2014
87
Table: Medical Device Market By Product Area, 2014
87
Healthcare Overview
88
Health Status
88
Healthcare System
89
Healthcare Funding
92
Healthcare Resources
93
Healthcare Activity
95
Healthcare Personnel
95
Key Healthcare Data
96
Table: Key Healthcare Data, 2010-2015
96
Industry Trends And Developments
98
Industry Trends & Developments
98
Regulatory Development
103
Medical Device Regulations
103
Competent Authority
103
Regulation
103
Registration
104
Medical Device Pricing & Reimbursement
106
Reimbursement
106
VAT
106
Procurement
106
Competitive Landscape
107
Domestic Medical Device Manufacturing
107
Table: Selected Medical Equipment Manufacturers
108
National Medical Device Manufacturers
109
Multinational Market Activity
112
Table: Multinational Market Activity, 2016
112
Medical Device Market Access
114
Market Environment
114
Distribution
114
Trade Fairs
114
Methodology
115
Forecast Methodology
115
Trade Code Classifications
116
Table: Rearranged HS Trade Codes
117
Risk/Reward Index Methodology
120
Table: Medical Devices Risk/Reward Index Indicators
121
Sources
123
Contact
124

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.

Key Benefits

  • 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.

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.