Venezuela 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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Venezuela Medical Devices Report
Product Price
$1,295.00

BMI View: Venezuela will be the only ma rket in the Americas region recording a negative 201 4-2019 CAGR in US dollar terms. Import controls and shortage s will impact public and private health services . T he operating environment will remain very precarious for foreign multinationals due to heightened political risks derived from the victory of the opposition coalition in the December 2015 legislative election , macro economic imbalances and foreign exchange uncertainties .

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 829.1 27.0 5,216.8 170.0 6.3
2015 211.2 6.8 6,183.3 198.8 29.3
2016 260.6 8.3 9,680.3 307.1 37.1
2017 379.7 11.9 14,863.3 465.6 39.1
2018 409.3 12.7 21,352.3 660.5 52.2
2019 455.7 13.9 29,462.2 900.3 64.6

Latest Updates and Key Forecasts

  • We forecast that the market will record a US dollar 2014-2019 CAGR of -11.3%, which will take expenditure down to USD0.5bn. The negative dollar growth rate will reflect a sizeable devaluation of the bolivar in 2015 and a steady devaluation from 2016 onwards. This will translate into a massive contraction in 2015, before a return to double-digit growth in 2016.

  • Imports over the forecast period will not return to the 2010-2011 levels in US dollar terms due to the economic recession, a deteriorating business climate, the devaluation of the local currency and tighter import controls imposed by the National Foreign Trade Centre (CENCOEX - Centro Nacional de Comercio Exterior).

  • Exports will remain negligible. Major barriers include limited domestic production geared to the internal market, a lack of export capabilities and weak regulatory compliance to meet the needs of external markets.

  • Import restrictions due to unfavourable macroeconomic conditions continued in 2015. CENCOEX is controlling imports tightly as the government does not seem to have enough subsidised dollars to maintain the import flow, while importers are dealing with increasing uncertainty, confusion, time delays and arrears.

BMI Industry View
7
SWOT
9
Medical Device Market
9
Political
11
Economic
12
Operational Risk
13
Industry Forecast
15
Medical Device Market Forecast
15
2014-2019 Performance
15
Table: Projected Medical Device Market, 2014-2019
16
2009-2014 Performance
17
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
18
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
29
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
34
Table: Dental Products Market, 2009-2019 (USDmn)
35
Table: Dental Products Market, 2010-2019 (USDmn % Change)
36
Orthopaedics & Prosthetics Market Forecast
38
Fixation Devices
38
Artificial Joints
39
Other Artificial Body Parts
39
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
39
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
40
Patient Aids Market Forecast
42
Portable Aids
42
Therapeutic Appliances
42
Table: Patient Aids Market, 2009-2019 (USDmn)
44
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
44
Other Medical Devices Market Forecast
46
Table: Other Medical Devices Market, 2009-2019 (USDmn)
47
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
48
Annual Medical Device Imports
50
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s)
53
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s % Change)
54
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
55
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s % Change)
56
Table: Top 20 Medical Device Suppliers, 2013 (USD000s)
58
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (USD000s)
59
Table: Detailed Medical Device Import Trends By Product Area, 2013
62
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (USD000s)
65
Monthly Medical Device Imports
68
Table: Monthly Medical Device Imports By Product Area, June 2011 - February 2014 (USDmn)
68
Annual Medical Device Exports
70
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s)
72
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
73
Table: Top 11 Medical Device Destinations, 2013 (USD000s)
74
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (USD000s)
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, June 2011 - February 2014 (USDmn)
85
Macroeconomic Forecasts
87
Economic Analysis
87
Table: Venezuela - Private Consumption Forecasts
88
Table: Venezuela - Government Consumption Forecasts
89
Table: Venezuela - Fixed Investment Forecasts
89
Table: Venezuela - Net Exports Forecasts
91
Industry Risk/Reward Index
92
Table: Americas Medical Device Risk/Reward Index, Q415
93
Market Overview
94
Medical Device Market Overview
94
Table: Medical Device Market, Key Ratios, 2014
94
Table: Medical Device Market By Product Area, 2014
95
Healthcare Overview
96
Health Status
96
Healthcare System
97
Public Healthcare Providers
98
Private Healthcare Providers
100
Healthcare Funding
100
Healthcare Resources
101
Healthcare Activity
104
Healthcare Personnel
105
Key Healthcare Data
106
Table: Key Healthcare Data, 2009-2014
106
Industry Trends And Developments
109
Industry Trends & Developments
109
Regulatory Development
116
Medical Device Regulations
116
Competent Authority
116
Regulations
116
Market Vigilance
118
Medical Device Pricing & Reimbursement
118
Pricing
118
Procurement
119
Competitive Landscape
120
Domestic Medical Device Manufacturing
120
National Medical Device Manufacturers
121
Multinational Medical Device Manufacturers
122
Multinational Market Activity
122
Table: Multinational Market Activity, 2015
122
Medical Device Market Access
126
Market Environment
126
Distribution
126
Foreign Exchange Controls
127
Trade Agreements
128
Trade Associations
129
Table: Members Of ASODILAB, 2013
130
Table: Selected Members Of AVEDEM, 2014
131
Trade Show
137
Methodology
139
Forecast Methodology
139
Trade Code Classifications
140
Table: Rearranged HS Trade Codes
141
Risk/Reward Index Methodology
144
Table: Medical Devices Risk/Reward Index Indicators
145
Sources
147
Contact
148

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

Key Benefits

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