Monday, 22 April 2013

Medical Device Market Size, Trends, Analysis and Forecast : UAE, China, Peru, Philippines, Canada, Cuba

Researchmoz presents this most up-to-date research on The Medical Device Market: UAE, China, Peru, Philippines, Canada, Cuba . The report focuses primarily on quantitative market metrics in order to characterize the growth and evolution of the Medical Device Market. 


In March 2012, the Ministry of Health’s launched a national campaign to tackle obesity and the overweight. Obesity in Arab countries has shot up in recent years, with women’s obesity rates accelerating faster than men's. WHO data for 2008 showed that the percentage of the population who were obese in Saudi Arabia( 29% for males and 43% for females. New healthcare facilities, coupled with the government’s plan to recruit more healthcare personnel from overseas to work in these new centres, will inevitably see a spike in procurement of medical equipment and supplies and other capital goods needed for these new centres.


China( has the world’s largest population. In 2009, it was officially estimated at 1,334.7 million. The province of Guangdong, in south-central China, had the largest population, with 96.4 million, equal to 7.2% of the total. Eastern China was the most populated region of the country, inhabited by 384.9 million people in 2009. The area includes Shanghai, China’s largest city, with a population of 19.2 million. In 2009, the Chinese government committed 850 billion yuan (US$124 billion) to develop the country’s healthcare system over a three-year period. The plan is to create a solid platform for universal healthcare access for all by 2020. The Chinese government expanded the health insurance programme to cover all rural residents by the end of 2008.


Peru( very little domestic manufacturing, and few multinationals have plants there. Medical device exports are negligible. They increased by 50.1% in US dollar terms in the 12 months to March 2012, reaching US$9.2 million. All product categories increased in the period, except patient aids. The leading product category in the period was consumables, which rose by 66.3% in US dollar terms, reaching US$5.4 million. In 2011, the top five destinations for medical devices were the USA, Argentina, Chile, Nicaragua and Venezuela.


Medical device spending is around US$3 per capita in 2012, similar to that in Vietnam and China. The Philippines( some domestic capacity to produce basic hospital items, but the majority of the market is supplied by imports. Private hospitals in Manila represent the best prospects for suppliers. The government plans to achieve universal healthcare by 2016. One of the steps taken to achieve this goal has been the widening of health insurance membership coverage. Since 2011 the government has paid for the health insurance membership (PhilHealth scheme) of 5.3 million of the poorest families, equal to around 25 million people, as identified by the National Household Targeting System for Poverty Reduction Poverty Reduction of the Department of Social Welfare and Development.


Canada( is geographically one of the world’s largest countries, but has a population of just 34.4 million. The population is unevenly spread, 90% of Canadians live near the US border. The economy is highly developed, GDP per capita is on a par with the US. Imports and exports have recovered since their dip in 2009. The latest medical trade data to June 2011 showed imports slightly up on the previous 12 months in Canadian dollar terms (4.7%) but up more in US dollar terms (+10.7%) to US$4.9 billion. Exports for the same period were valued at US$1.4 billion, an 8.6% increase in US dollar terms, 3.0% in local currency terms. Despite the worldwide recession, medical devices are continuing to grow and the industry believes Canada is in a good position to expand its medical device business. Further R&D funding is key to developing new products as the Canadian government still lags behind the US in this respect.

Cuba’s( imported medical device market grew rapidly up to 2007, however this was followed by a 43.2% fall in imports in 2008, and a further drop of 34.9% in 2009, negatively affecting the market. Cuba does not release official import and export data so this information is gathered by checking the imports/exports in other countries relating to Cuba. For its 2012 budget, the government has pledged the equivalent of 52% of the total budget (17.4 billion pesos), to spend on education, health and social needs. It has also guaranteed free healthcare to the poorest.

Cuba is one of the world’s last unreformed communist countries. The healthcare sector is highly centralised and controlled by the government. The new regime has made small changes. However, Raúl Castro is more open to liberalising the economy whilst still retaining communist values, looking to China’s example.
About Us: 

ResearchMoz( is the one stop online destination to find and buy market research reports. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets.

Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price. 

For More Information Kindly Contact: 

Mrs.Sheela AK
Toll Free: 866-997-4948
State Tower
90 State Street, Suite 700
Albany, NY 12207
United States

No comments:

Post a Comment