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Bahrain Medical Devices Report Q2 2016

Bahrain Medical Devices Report Q2 2016

BMI View: Bahrain is a small but technologically advanced market, which ranks sixteenth in the MiddleEast & Africa (MEA) region. The market will continue to rely on imported medical devices. Populationgrowth, a changing epidemiological profile, increasing health expenditure and healthcare infrastructuredevelopments are contributing to market growth, despite mounting fiscal pressures due to lower oil prices.



We forecast that the Bahraini medical device market will expand by a 2014-2019 CAGR of 5.5% in bothlocal currency and US dollar terms, which should see it rise from an estimated BHD23.1mn(USD61.2mn) in 2014 to BHD30.1mn (USD79.8mn) in 2019. By product area, the respective 2014-2019CAGRs will range from 7.6% for orthopaedics & prosthetics to 4.6% for diagnostic imaging. Marketgrowth will be below average for our MEA region and the lowest of the six GCC states.

Imports will continue to supply virtually the entire medical device market. Using collated monthly mirrortrade data, medical device imports grew by 22.1% in US dollar terms in the three months ending August2015, reaching USD18.1mn. Imports recorded a lower growth of 1.4% in US dollar terms in the 12-month period to August 2015, taking the market USD65.7mn. Other medical devices remained the largestimport product area, followed by consumables. The EU-28 and the USA will continue to supply themajority of imports, with increasing competition from China.

Insignificant medical device production means medical device exports will remain very low and subjectto large fluctuations due to the influence of one-off shipments. Using collated monthly mirror trade data,exports fell sharply by 83.9% in US dollar terms in the three months to August 2015, to USD0.2mn.

Figures are likely to be underestimated due to the absence of 2015 data for key GCC destinations such asKuwait and Oman. Exports fell by 35.5% in US dollar terms in the 12 months to August 2015, reachingUSD2.2mn. Other GCC states, notably Kuwait, continue to be the principal destinations.

The Ministry of Health (MoH) is exploring ways of treating patients in Bahrain, instead of sending themabroad for treatment at the government's expense. This may help to curb government spending in a timeof weak economic growth, improving the overall standard of healthcare.


BMI Industry View
Table: Projected Medical Device Market 2014-2019
SWOT
Medical Device Market
Industry Forecast
Medical Device Market Forecast
Latest Updates
Structural Trends
Table: Detailed Medical Device Market By Product Area (USDmn), 2009-2019
Consumables Market Forecast
Latest Updates
Structural Trends
Bandages & Dressings
Suturing Materials
Syringes, Needles & Catheters
Other Consumables
Table: Consumables Market, 2009-2019 (USDmn)
Table: Consumables Market, 2010-2019 (USDmn % Change)
Diagnostic Imaging Market Forecast
Latest Updates
Structural Trends
Electrodiagnostic Apparatus
Radiation Apparatus
Imaging Parts & Accessories
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
Dental Products Market Forecast
Latest Updates
Structural Trends
Capital Equipment
Instruments & Supplies
Table: Dental Products Market, 2009-2019 (USDmn)
Table: Dental Products Market, 2010-2019 (USDmn % Change)
Orthopaedics & Prosthetics Market Forecast
Latest Updates
Structural Trends
Fixation Devices
Artificial Joints
Other Artificial Body Parts
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
Patient Aids Market Forecast
Latest Updates
Structural Trends
Portable Aids
Therapeutic Appliances
Table: Patient Aids Market, 2009-2019 (USDmn)
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
Other Medical Devices Market Forecast
Latest Updates
Structural Trends
Table: Other Medical Devices Market, 2009-2019 (USDmn)
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
Annual Medical Device Imports
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
Table: Detailed Medical Device Import Trends By Product Area, 2014
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
Monthly Medical Device Imports
Table: Monthly Medical Device Imports By Product Area, Year Ending August 2015 (USDmn)
Annual Medical Device Exports
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
Table: Detailed Medical Device Export Trends By Product Area, 2014
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
Monthly Medical Device Exports
Table: Monthly Medical Device Exports By Product Area, Year Ending August 2015 (USDmn)
Industry Risk Reward Ratings
Industry Risk Reward Index
Table: MEA Medical Device Risk/Reward Index, Q216
Market Overview
Medical Device Market Overview
Table: Medical Device Market, Key Ratios, 2014
Table: Medical Device Market By Product Area, 2014
Healthcare Overview
Health Status
Healthcare System
Public Healthcare Providers
Healthcare Funding
Healthcare Resources
Healthcare Activity
Healthcare Personnel
Key Healthcare Data
Table: Key Healthcare Data, 2010-2015
Industry Trends And Developments
Industry Trends & Developments
Regulatory Development
Medical Device Regulations
Competent Authority
Competitive Landscape
Medical Device Market Access
Administrative Divisions
Distribution
GCC Customs Union
US Free Trade Agreement
Trade Associations
Trade Shows
Methodology
Forecast Methodology
Trade Code Classifications
Table: Rearranged HS Trade Codes
Risk/Reward Index Methodology
Table: Medical Devices Risk/Reward Index Indicators
Sources
Contact

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