The Outlook for Medical Devices in Brazil, Russia, India & China

NEW YORK, March 19, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

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The Outlook for Medical Device Markets in Central Asia is published by Espicom Business Intelligence. Each report provides an individual and highly-detailed analysis of each market, looking at the key regulatory, political, economic and corporate developments in the wider context of market structure, service and access. The reports are available individually or as a discounted collection. These quarterly updated reports analyse the issues

The Outlook for Medical Device Markets in Central Asia is published by Espicom Business Intelligence. Each report provides an individual and highly-detailed analysis of each market, looking at the key regulatory, political, economic and corporate developments in the wider context of market structure, service and access. The reports are available individually or as a discounted collection, and prices include 4 completely updated reports sent quarterly plus a comprehensive annual review.

Many are concerned that the global economic downturn is blunting the rapid growth in the BRIC countries. Is this a time of exciting opportunity or commercial danger for medical manufacturers and how is the economic turmoil affecting each market? These reports separate fact from fiction and are essential in making sound, impartial business judgements.

These insightful reports provide:

Complete assessment of the leading emerging economies at a time of financial upheaval and challenge Regularly updated 5-year forecasts and market valuations for each market Detailed analysis of the health structure, funding, service and outlook for each market Critical SWOT and assessment of the market Published quarterly to provide the latest informationThese leading emerging economies represent a total medical market of US$20.9 billion. But how might the impact of the economic downturn affect them? Where do commercial opportunities exist for medical device companies now, and what are the future prospects?

Putting things in perspective

With a combined population of 2.7 billion people and with significant unmet medical need, the challenges and opportunities of the BRIC markets are considerable. The economic downturn has affected these markets varyingly; for example, the Brazilian import market may be affected by disadvantageous US$ exchange rates, but China is affected more by a weak economy in the USA, its major market. Significant growth rates, up to 9.1% in China for example, are impressive, but the low starting point – along with a range of other operational issues – means companies must be targeted in the opportunities they pursue.

Opportunities do existThere are, of course, wide regional differences in expenditure levels within the BRIC countries, far more so than in developed countries where health systems have evolved to provide a more uniform level of coverage. All four countries have a relatively wealthy urban population with a far greater spending power than their respective national average. These urban populations have grown rapidly, and number hundreds of millions. The challenge for these countries is to extend this level of wealth to the rest of the population, in order that better levels of healthcare become affordable.

A long haul

The prevailing economic woes have to be seen over the long term. This is evolution not revolution, and change will be incremental. Short-term opportunities exist in meeting the health demands of the burgeoning middle classes, and future prospects are bright, where steady growth in BRIC markets will erode commercial differences with the established markets in North America, Japan and Europe.

Current and accurate decision support information is vitalEffective planning is vital and that is why Espicom, the leading provider of medical market intelligence, has issued this report collection The Outlook for Medical Devices in Brazil, Russia, India & China to 2016. For each country there is a comprehensive examination of the market for medical devices and equipment which covers all aspects of the operating environment from the regulatory situation through health provision/expenditure to domestic production. Importantly, each market evaluation includes 5 year growth forecasts and SWOT analysis. An additional benefit - and at no additional cost – is that these reports are updated and issued quarterly and include an annually updated statistical report packed with hard-to-source health market facts and figures.

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KEY MEDICAL INDUSTRY STATISTICS

BRAZIL: Medical Market SizeUS$3.6 billionAs a % of health expenditure2.2%Growth6.1%Per capita spendUS$18

RUSSIA: Medical Market Size

US$5.96 billion

As a % of health expenditure

6.4%

Growth

15.3%

Per capita spend

US$42

INDIA: Medical Market SizeUS$2.7 billionAs a % of healthexpenditure3.7%Growth15.6%Per capita spendUS$2

CHINA: Medical Market Size

US$8.6 billion

As a % of health expenditure

2.6%

Growth

13.6%

Per capita spend

US$6

Track economic and market performance with these reportsMEDICAL MARKET ANALYSIS

Size

Projections & Outlook - Unique 5-year Market Projections by Major Product/Technology, SWOT Analysis, Comment & Rating

Imports

Domestic Manufacturing

Domestic Production - Trade Association(s), Local/Multinational Manufacturers

Exports

ACCESSING THE MARKET

Distribution – including qualified sales agency and distribution leads worldwide

Medical Device Regulations

HEALTHCARE ANALYSIS

Demographics - Population, Birth Rate, Death Rate, Infant Mortality, Life Expectancy at Birth,

Public Health - Causes of Death, Incidence of Communicable Diseases,

Healthcare System

Health Expenditure - Health Estimates for 2009, Projected Health Expenditure

Healthcare Infrastructure

Healthcare Personnel

DIRECTORY

Healthcare Organisations

Professional Bodies/Trade Associations

Trade Code Classifications Methodology & SourcesEXTENSIVE STATISTICAL TABLESThousands of key statistics and trends are provided in an appendix. Data is included from several years allowing trends to be identified and new changes to be seen in historicalcontext. The statistics cover key indicators such as:Population Trends Principal Causes of Death Public Health Expenditure Hospital Data: Beds by Type, Discharge Data and Average Length of Stay Patients by Type Healthcare Personnel: Numbers of Doctors, Nurses etc by TypeSNAPSHOTS FROM THE REPORTS....BRAZIL Brazil has the largest medical device market in the Latin American region. In 2011, the Brazilian medical market is valued at US$4.0 billion equivalent to around US$21 per capita. Expenditure is far higher in developed urban areas, however. The country has a well established medical industry, comprising local and multinational companies. Imports had been fuelled by the appreciation of local currency against the dollar and increasing consumer demand for the latest technology. However, a more realistic exchange rate contained medical imports in 2009. Imports tend to be high-tech medical equipment not produced locally. In 2009, 68% of imports were supplied by Europe and the USA. More opportunities exist in the private sector.

RUSSIA In 2011, the Russian market for medical equipment and supplies is estimated at US$6.0 million. This puts the market among the top 20 in the world, although per capita spending remains low, at around US$42. Around 75% of the market is supplied by imports. Germany, the USA and Japan were the leading suppliers in 2009, accounting for over 50% of imports. The value of imports greatly increased up to 2008, but was hit hard by the recession in 2009. The market, however, remains strongly reliant on products from abroad, as domestic producers are small and under-capitalised.

INDIA The Indian market for medical equipment is valued at around US$2.6 billion in 2011. Despite strong growth rates, the market remains disproportionately small, ranking among the top 20 in the world but with low per capita spending. High quality products are sought after, particularly in the private sector, and the high-tech end of the medical device market is dominated by multinationals with extensive service networks. Indian manufacturers of good quality mid-tech products struggle with a stigma for unreliability. Indian purchasers are, however, price-sensitive and seek value for money. Continued investment in the private sector infrastructure, coupled with increased healthcare funding from the government, should result in a steady increase in the market for medical equipment.CHINA For 2011, Espicom estimates market growth to be in the region of 13.1%, one of the fastest growing markets in the world. High rates of growth are not uncommon in the Asian region, but on the back of a huge market size, China's growth is particularly pronounced. In 2011, the country's market valuation, at US$8.6 billion, makes it one of the largest in the world. The Chinese medical device market is largely supplied by imports or products made locally by multinational joint ventures especially at the higher end of the technology scale. The Chinese market represents many opportunities for foreign business, and if new regulatory reforms prove successful and the inadequacy of rural healthcare is effectively addressed, then the sheer number of previously untapped consumers makes China an attractive proposition.

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