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Latvia Medical Devices Report Q2 2016

Latvia Medical Devices Report Q2 2016

BMI View: We expect the medical device market to continue growing over the next five years, with a USdollar CAGR of 2.8% forecast for the 2014-2019 period. The market is largely supplied by imports,principally from Western suppliers. Domestic production has traditionally been geared towards satisfyingthe local market and exporting to other former Soviet countries, but as Russian demand falls away weexpect to see an increase in Latvian trade with fellow EU member states.

We forecast the market will record a 2014-2019 euro CAGR of 5.1%, slightly lower than the 2009-2014CAGR of 5.5%. This reflects slower economic growth during 2015 and 2016. In US dollar terms, the2014-2019 CAGR will be lower at 2.8%, due to a weak euro during the early part of the forecast period,taking the market value to USD166.1mn.

We expect imports to decline over the course of 2016 when measured in US dollars due to currencyweakness. Imports fell by 8.8% y-o-y in the three months to August 2015 to USD26.3mn.

Falling demand from Russia has been causing Latvian medical device exports to decline and we expect afurther decrease in 2016. During the three months to August 2015, exports fell by 7.3% y-o-y toUSD17.8mn.

The Red Cross Hospital in Riga has undergone a reconstruction project and is due to open in mid-February 2016. The first floor of the hospital will be dedicated exclusively to providing cancer diagnosisservices and personalised medicine and is emblematic of a growing confidence in the private medicalsector in Latvia.


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, 2009-2019 (USDmn)
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 Balance Of Trade, 2010-2014 (USD000s)
Monthly Medical Device Exports
Table: Monthly Medical Device Exports By Product Area, Year Ending August 2015 (USDmn)
Industry Risk/Reward Index
Table: CEE 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
Health Funding
Healthcare Resources
Table: Medical Device Technology By Type And Sector, 2010 (Units)
Healthcare Activity
Healthcare Personnel
Key Healthcare Data
Table: Key Healthcare Data, 2010-2015
Industry Trends And Developments
Regulatory Development
Medical Device Regulations
EU Medical Device Regulations
Designated Authorities
Existing Regulations
Proposed Regulatory Changes
Medical Device Pricing & Reimbursement
Competitive Landscape
Domestic Medical Device Production
Multinational Market Activity
Table: Multinational Market Activity, 2016
Medical Device Market Access
Market Environment
Distribution
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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