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Romania Medical Devices Report Q2 2016

Romania Medical Devices Report Q2 2016

BMI View: We expect the Romanian medical device market to increase by 1.2% in US dollar terms in 2016,up from -15.5% in 2015, as exchange rates stabilise. The scarcity of high-tech equipment, the expandingprivate healthcare sector and the acute need for renovation within hospitals keeps the demand for medicaldevices high. The market will remain heavily reliant on imports as the domestic industry mainly producesoutdated equipment that can only compete with foreign products in terms of price.

Latest Updates and Key Forecasts

We maintain that the market will register a 2014-2019 CAGR of 5.1% in local currency terms, but the2014-2019 CAGR will be lower at 2.3%, due to the projected depreciation of the Romanian leu againstthe dollar over the next couple of years. We expect the market to increase from USD527.1mn in 2014 toUSD590.8mn in 2019.

Given the strong economic performance that we foresee for 2016 and the rapid increase in wages, webelieve that medical device import growth will strengthen in US dollar terms in 2016, although thedepreciation of the Romanian leu may temper growth rates. In the 12 months to October 2015, importsrose by 2.9% to USD441.7mn.

Due to the economic recovery in Romania's main eurozone trading markets, we believe that medicaldevice export growth in US dollar terms will be positive in 2016. In the 12 months to October 2015,exports increased by 6.0% to USD159.5mn.

In November 2015, the Swiss technology company Hamilton Central Europe expanded its Romanianproduction facilities by opening its new country headquarters in Giarmata, Timis county. Romanianmedical device exports will increase as a result of the opening of the new facility, which covers 9.5hectares and received investment of EUR10mn (USD11mn). Hamilton plans to increase the range ofproducts manufactured in Romania.


BMI Industry View
Table: Projected Medical Device Market, 2014-2019
Latest Updates and Key Forecasts
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 October 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 (USD000s), 2014
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 October 2015 (USDmn)
Industry Risk/Reward Index
Industry Risk Reward Ratings
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
Private Healthcare Providers
Healthcare 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
Competent Authority
Notified Body
Regulations
EU Medical Device Regulations
Designated Authorities
Existing Regulations
Proposed Regulatory Changes
Medical Device Pricing & Reimbursement
Competitive Landscape
Domestic Medical Device Production
Table: Medical Device Production By Detailed Product Area, 2010-2014 (EURmn)
Table: Medical Device Production By Detailed Product Area, 2010-2014 (USDmn)
Domestic Medical Device Manufacturing
National Medical Device Manufacturers
Multinational Medical Device Manufacturers
Multinational Market Activity
Table: Multinational Market Activity, 2016
Medical Device Market Access
Market Environment
Distribution
Trade Fair
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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