Estonia 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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Estonia Medical Devices Report
Product Price
$1,295.00

BMI View: Estonia's medical device market will increase steadily y-o-y from 2017 , rising t o EUR167.9mn (USD201.4mn) by 202 0 . The market is heavily reliant on imports, but its small size limits the scope for the purchase of more expensive items.

Projected Medical device Market, 2015-2020
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2015 147.1 112.1 132.7 101.1 0.9
2016 146.5 111.9 136.9 104.6 0.9
2017 157.3 120.5 143.0 109.5 0.9
2018 173.4 133.1 150.8 115.8 0.9
2019 191.0 147.1 159.2 122.6 0.8
2020 201.4 155.5 167.9 129.6 0.8

Latest Updates And Key Forecasts

  • We maintain that the medical device market will record a 2015-2020 CAGR of 4.8% in euro terms. We anticipate a higher CAGR of 6.5% in US dollar terms, due to a stronger euro exchange rate, taking the value from USD147.1mn in 2015 to USD201.4mn in 2020.

  • We expect a positive performance in H216 in line with overall economic growth and a stronger euro. Nonetheless, in the three months to May 2016, imports were down by 4.5% y-o-y in US dollar terms, due mainly to falls in diagnostic imaging and orthopaedics & prosthetics.

  • We continue to expect improved export performance as Russia and Finland emerge from recession and demand from the euro zone increases. In the three months to May 2016, exports were up by 21.9% y-o-y in US dollar terms.

  • The Ministry of Health has begun accepting applications for projects to build or refurbish health centres. The government will invest around EUR115mn (USD122.8mn) through to 2023 towards improving the country's primary healthcare services.

BMI Industry View
9
Table: Projected Medical device Market, 2015-2020
9
Latest Updates And Key Forecasts
9
SWOT
10
Medical Device Market
10
Industry Forecast
11
Medical Device Market Forecast
11
Latest Updates
11
Structural Trends
11
Table: Detailed Medical Device Market By Product Area, 2010-2020 (USDmn)
13
Consumables Market Forecast
17
Latest Updates
17
Structural Trends
17
Bandages & Dressings
17
Suturing Materials
17
Syringes, Needles & Catheters
18
Other Consumables
18
Table: Consumables Market, 2010-2020 (USDmn)
19
Table: Consumables Market, 2011-2020 (USDmn % Change)
20
Diagnostic Imaging Market Forecast
22
Latest Updates
22
Structural Trends
22
Electrodiagnostic Apparatus
22
Radiation Apparatus
23
Imaging Parts & Accessories
23
Table: Diagnostic Imaging Market, 2010-2020 (USDmn)
24
Table: Diagnostic Imaging Market, 2011-2020 (USDmn % Change)
25
Dental Products Market Forecast
27
Latest Updates
27
Structural Trends
27
Capital Equipment
27
Instruments & Supplies
27
Table: Dental Products Market, 2010-2020 (USDmn)
28
Table: Dental Products Market, 2011-2020 (USDmn % Change)
29
Orthopaedics & Prosthetics Market Forecast
31
Latest Updates
31
Structural Trends
31
Fixation Devices
31
Artificial Joints
32
Other Artificial Body Parts
32
Table: Orthopaedics & Prosthetics Market, 2010-2020 (USDmn)
33
Table: Orthopaedics & Prosthetics Market, 2011-2020 (USDmn % Change)
33
Patient Aids Market Forecast
35
Latest Updates
35
Structural Trends
35
Portable Aids
35
Therapeutic Appliances
35
Table: Patient Aids Market, 2010-2020 (USDmn)
36
Table: Patient Aids Market, 2011-2020 (USDmn % Change)
37
Other Medical Devices Market Forecast
39
Latest Updates
39
Structural Trends
39
Table: Other Medical Devices Market, 2010-2020 (USDmn)
40
Table: Other Medical Devices Market, 2011-2020 (USDmn % Change)
41
Annual Medical Device Imports
43
Table: Medical Device Imports By Product Area, 2011-2015 (USD000s)
46
Table: Medical Device Imports By Product Area, 2011-2015 (Local Currency 000s)
47
Table: Top 20 Medical Device Suppliers, 2015 (USD000s)
49
Table: Detailed Medical Device Imports By Product Area, 2011-2015 (USD000s)
50
Table: Detailed Medical Device Import Trends By Product Area, 2015
53
Table: Detailed Leading Medical Device Suppliers By Product Area, 2015 (USD000s)
56
Monthly Medical Device Imports
60
Table: Monthly Medical Device Imports By Product Area, Year Ending May 2016 (USDmn)
60
Annual Medical Device Exports
61
Table: Medical Device Exports By Product Area, 2011-2015 (USD000s)
64
Table: Medical Device Exports By Product Area, 2011-2015 (Local Currency 000s)
65
Table: Top 20 Medical Device Destinations, 2015 (USD000s)
67
Table: Detailed Medical Device Exports By Product Area, 2011-2015 (USD000s)
68
Table: Detailed Medical Device Export Trends By Product Area, 2015
71
Table: Detailed Leading Medical Device Destinations By Product Area, 2015 (USD000s)
74
Table: Detailed Medical Device Trade Balance, 2011-2015 (USD000s)
77
Monthly Medical Device Exports
80
Table: Monthly Medical Device Exports By Product Area, Year Ending May 2016 (USDmn)
80
Industry Risk/Reward Index
81
Table: CEE Medical Device Risk/Reward Index, Q416
82
Market Overview
83
Medical Device Market Overview
83
Table: Medical Device Market, Key Ratios, 2015
83
Table: Medical Device Market By Product Area, 2015
84
Healthcare Overview
85
Health Status
85
Healthcare System
86
Healthcare Funding
87
Healthcare Resources
88
Table: Medical Device Technology By Type, 2006-2013 (Units)
88
Table: Medical Device Technology By Type, 2006-2013 (Rate/mn population)
89
Healthcare Activity
91
Healthcare Personnel
91
Key Healthcare Data
92
Table: Key Healthcare Data, 2010-2015
92
Industry Trends And Developments
94
Industry Trends & Developments
94
Regulatory Development
97
Medical Device Regulations
97
Competent Authority
97
Regulations
97
Registration
97
EU Medical Device Regulations
97
Designated Authorities
97
Existing Regulations
98
New Regulations
99
Industry Response
100
Changes Impacting Notified Bodies
100
Competitive Landscape
101
Domestic Medical Device Production
101
Domestic Production
101
Eurostat Production
101
Table: Medical Device Production By Detailed Product Area, 2010-2014 (EURmn)
101
National Medical Device Manufacturers
105
Interspectrum OU
105
Tondi Elektroonika
105
Multinational Medical Device Manufacturers
105
Karl Storz
105
Ottobock
105
Widex
105
Multinational Market Activity
106
Abbott
106
B
106
Fresenius Medical Care
106
General Electric
107
Johnson & Johnson
107
Siemens
107
Medical Device Market Access
107
Market Environment
107
Distribution
108
Methodology
109
Forecast Methodology
109
Trade Code Classifications
110
Table: Rearranged HS Trade Codes
111
Risk/Reward Index Methodology
114
Table: Medical Devices Risk/Reward Index Indicators
115
Sources
117
Contact
118

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

Key Benefits

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