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The medical devices market in Pakistan is highly supported by imports, which account for around 94% of the market

Espicom, the leading provider of market information on medical devices and pharmaceuticals markets analyses the opportunities and challenges of medical device market in Pakistan in one of is recent research reports. Besides analysing the medical device market, the research also takes into account the various aspects of the healthcare scenario in Pakistan, which is still in the early stages of development. The report provides useful information on the key drivers in the medical market and also gives access to a wealth of statistical data, including five-year market projections. It also encompasses extensive background information, population trends, health status, health expenditure, organisation & administration, hospital services, medical personnel, healthcare development, market access information, trade data and essential industry contacts etc..

Pakistan, one of the world’s most populous countries, still suffer from widespread poverty and a weak health system underlie the poor health status of the population. The standards of living in the country are defined by substandard sanitation, nutrition and extensive incidence of communicable diseases. And the figures says that country's total spending on healthcare is equal to around 2.6% of GDP, which is considered low by world standards. The healthcare sector is poorly funded by the government and the private sector is only affordable to a small minority of the population.

The medical devices market in Pakistan is highly supported by imports, which account for around 94% of the market. The heavy dependence on imports are evident from the rising import rates in the recent years. Imports have grown very strongly in recent years, rising by 3.9% in 2007, and more than doubling since 2003. The Compounded Annual Growth Rate (CAGR) for the period 2003-2007 was 22.7%

The healthcare settings and facilities are poorly equipped and is elementary in most of the cases. The primary sector is underused and per capita medical personnel levels are low. Surgical instruments make up the bulk of a limited domestic manufacturing sector. This takes place in facilities in the Punjab region of Sialkot and equipment is of a high standard, although the majority is destined for export overseas.

The Pakistan medical device market is small, in value terms, for a country of its size, but despite its ongoing socio-political problems, notwithstanding low per capita healthcare expenditure due to widespread poverty, medical device imports have continued to grow very strongly over the last few years, albeit on the back of a relatively small total. Fuelled largely by this import growth, the medical device market is expected to grow strongly, at an average 10.3% in the 2009-2014 period.

Source: Espicom

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