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Venezuela Medical Devices Report Q2 2016

Venezuela Medical Devices Report Q2 2016

BMI View: The market will register hyper-inflated growth in local currency terms, but persistent economicchallenges will hinder market performance in US dollar terms. Import controls and shortages will continueto impact negatively on public and private healthcare access. The operating environment will remain veryprecarious for foreign multinationals due to heightened political risks, macro economic imbalances andimmense pressure on the bolívar.Latest Updates And Key Forecasts

We anticipate that Venezuela will record a 2015-2020 CAGR of 13.7% in US dollar terms, up from a2015-2020 CAGR of -30.8%, which will take expenditure to USD0.4bn. The bolívar will remain underdepreciatory pressure over the coming years, following a sizeable devaluation of the local currency in2015, which will affect the market in US dollar terms.

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

Exports will remain negligible. Major barriers include limited domestic production geared to the internalmarket, a lack of export capabilities and weak regulatory compliance to meet the needs of externalmarkets.

In December 2015, the Venezuelan Association of Clinics and Hospitals (AVCH - Asociación deClínicas y Hospitales) reported drastic shortages of medical supplies, which started in late 2013,increased in 2014 and peaked in 2015. Of annual import needs valued at USD1.0bn, AVCH indicated thatjust above 11.3% was fulfilled in 2015, which means that the deficit was massive.


BMI Industry View
Table: Projected Medical Device Market, 2015-2020
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, 2010-2020 (USDmn)
Consumables Market Forecast
Latest Updates
Structural Trends
Bandages & Dressings
Suturing Materials
Syringes, Needles & Catheters
Other Consumables
Table: Consumables Market, 2010-2020 (USDmn)
Table: Consumables Market, 2011-2020 (USDmn % Change)
Diagnostic Imaging Market Forecast
Latest Updates
Structural Trends
Electrodiagnostic Apparatus
Radiation Apparatus
Imaging Parts & Accessories
Table: Diagnostic Imaging Market, 2010-2020 (USDmn)
Table: Diagnostic Imaging Market, 2011-2020 (USDmn % Change)
Dental Products Market Forecast
Latest Updates
Structural Trends
Capital Equipment
Instruments & Supplies
Table: Dental Products Market, 2010-2020 (USDmn)
Table: Dental Products Market, 2011-2020 (USDmn % Change)
Orthopaedics & Prosthetics Market Forecast
Latest Updates
Structural Trends
Fixation Devices
Artificial Joints
Other Artificial Body Parts
Table: Orthopaedics & Prosthetics Market, 2010-2020 (USDmn)
Table: Orthopaedics & Prosthetics Market, 2011-2020 (USDmn % Change)
Patient Aids Market Forecast
Latest Updates
Structural Trends
Portable Aids
Therapeutic Appliances
Table: Patient Aids Market, 2010-2020 (USDmn)
Table: Patient Aids Market, 2011-2020 (USDmn % Change)
Other Medical Devices Market Forecast
Latest Updates
Structural Trends
Table: Other Medical Devices Market, 2010-2020 (USDmn)
Table: Other Medical Devices Market, 2011-2020 (USDmn % Change)
Annual Medical Device Imports
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s)
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
Table: Top 20 Medical Device Suppliers, 2013 (USD000s)
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (USD000s)
Table: Detailed Medical Device Import Trends By Product Area, 2013
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (USD000s)
Monthly Medical Device Imports
Table: Monthly Medical Device Imports By Product Area, Year Ending February 2014 (USDmn)
Annual Medical Device Exports
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s)
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
Table: Top 11 Medical Device Destinations, 2013 (USD000s)
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (USD000s)
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (USD000s)
Table: Detailed Medical Device Trade Balance, 2009-2013 (USD000s)
Monthly Medical Device Exports
Table: Monthly Medical Device Exports By Product Area, Year Ending February 2014 (USDmn)
Industry Risk/Reward Index
Table: Americas Medical Device Risk/Reward Index, Q216
Market Overview
Medical Device Market Overview
Table: Medical Device Market, Key Ratios, 2015
Table: Medical Device Market By Product Area, 2015
Healthcare Overview
Health Status
Healthcare System
Public Healthcare Providers
Private 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
Regulations
Market Vigilance
Medical Device Pricing & Reimbursement
Pricing
Procurement
Competitive Landscape
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
Foreign Exchange Controls
Trade Agreements
Trade Associations
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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