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Research and Markets has announced the addition of the "The Outlook for Medical Devices in Central Asia" report to their offering.

The Outlook for Medical Device Markets in Central Asia 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.

Executive Summary

• 4 Key Markets Covered!

• Bangladesh China India Pakistan

Highlights from the region

CHINA

• China's medical device market is projected to grow at a rapid 9.1% in 2008. This is a slightly slower growth than the 10.9% projected last year, but still remains one of the fastest growing markets in the world. Despite a slight dip in 2006, imports remain above the US$3.0 billion mark and have grown at a CAGR of 16.7% in the 2002-2006 period. This trend is expected to continue, as a big chunk of the market is supplied by imports, especially for high-end medical equipment.

• China, currently the tenth largest market in the world, could breach the top five by 2010. Since opening its economy to the West in the late 1970s, the country has experienced rapid growth. For 2008, China's GDP is estimated at US$4,081 billion. While this makes China one of the world's largest economies, the sheer size of the population means that per capita wealth is very low, at around US$3,070 in 2008.
  

INDIA

• As the country develops, India has a growing middle class population with access to high quality healthcare in some of the best private healthcare facilities in the world. Leading business and healthcare providers are also striving to make India an international health resort, with an airport to airport concept of health tourism.

• The Indian market for medical equipment and supplies is valued at around US$1,563 million in 2007. Despite strong growth rates, the market remains disproportionately small, ranking among the top 20 in the world but with per capita spending of just over US$1. 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. Import growth has consistently been in double figures since 2002 and the total value of medical imports has almost doubled. In 2006, imports of medical equipment and supplies were valued at US$1,125.8 million, an increase of 21.7% over 2005.

PAKISTAN

• Suspension of international aid in 2001 dealt Pakistan a significant blow economically, although recovery is under way. GDP growth for 2008 is estimated at 5.4% whilst average annual growth over the next five years is forecast to be 5.6%.

• The healthcare sector is poorly funded by the government and the private sector, such as it is, is only affordable to a small minority of the population. Hospital and health centre facilities are rudimentary in the majority of cases and badly equipped. 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.

BANGLADESH

• Bangladesh is one of the poorest countries in the world. GDP in 2008 was estimated at US$74.2 billion, equal to US$494 per capita. Real GDP growth was 6.0% in 2008 and is expected to rise in 2009 to stand at around 6.3%.

• Given the country's lack of spending power, the medical equipment market, at around US$100 million, remains tiny in comparison with the size of the population. Steadily improving economic performance, combined with a general determination to boost the quality of healthcare, should lead to steady, if unspectacular, market growth.

• Having grown strongly in 2005, imports declined marginally in 2006 by 2.3%. Diagnostic imaging is the most significant category and Germany is the leading supplier. There is very little local production of medical equipment, so the market is heavily reliant on imports, often supplied in conjunction with aid projects.

For more information visit http://www.researchandmarkets.com/research/50376a/the_outlook_for_me

Source: Research and Markets

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