OVERVIEW OF THE MEDICAL MARKET IN PORTUGAL
BMI believes that the country’s aggressive fiscal consolidation drive as part of its 78.0 billion euros (US$108.3 billion) IMF/EU bailout package will keep domestic demand under significant pressure in the coming years. The only positive contributor to economic growth will emanate from the net exports component of GDP by expenditure. BMI maintains its forecast that the Portuguese government will miss the Troika’s fiscal deficit targets in 2012 and 2013. However, it also expects that the international lenders will ease the official bailout targets.
The Portuguese medical device market is valued at US$909.6 million in 2012, with per capita spending of US$85. This is equal to 3.8% of total health expenditure and 0.4% of GDP. Expenditure on consumables and orthopaedic & prosthetic products account for nearly a third of the total. The market is predicted to expand by a moderate 2012-17 CAGR of 4.1%, taking it to US$1,110.3 million by 2017.
The Portuguese medical device market is largely supplied by imports from the EU-27, with 91.0% of total imports originating from the EU-27 in 2011. Spain, Germany, the Netherlands and France were the lead suppliers. Medical device imports totalled US$790.0 million in 2011, with consumables, orthopaedic & prosthetic and patient aids being key categories. There is some domestic production of low-tech items, but little multinational manufacturing.
Medical device imports fell by 8.7% in the 12 months to July 2012, to US$737.0 million. All sectors recorded a fall. Diagnostic products registered a fall of 18.4% in the period, followed by orthopaedic & prosthetic products (9.4%), dental products (7.7%), consumables (7.5%) and patient aids (6.6%). Medical device exports increased by 22.4% in the 12 months to July 2012, reaching US$252.3 million. All medical device exports apart from dental products saw growth. Consumables and other medical devices were the largest exports sectors for the period.
PROVIDING STRATEGIC MARKET ANALYSIS EVERY MONTH
Espicom's highly-regarded world medical technology and device market research reports provide enhanced strategic intelligence in a user-friendly format. Each report provides in-depth information, setting the medical equipment market in context. The reports provide:
At no additional cost, all customers get access to Espicom Interactive. This advanced online service is easy-to-use and contains practical and valuable tools which will save you hours of time and effort.
BMI believes that the country’s aggressive fiscal consolidation drive as part of its 78.0 billion euros (US$108.3 billion) IMF/EU bailout package will keep domestic demand under significant pressure in the coming years. The only positive contributor to economic growth will emanate from the net exports component of GDP by expenditure. BMI maintains its forecast that the Portuguese government will miss the Troika’s fiscal deficit targets in 2012 and 2013. However, it also expects that the international lenders will ease the official bailout targets.
The Portuguese medical device market is valued at US$909.6 million in 2012, with per capita spending of US$85. This is equal to 3.8% of total health expenditure and 0.4% of GDP. Expenditure on consumables and orthopaedic & prosthetic products account for nearly a third of the total. The market is predicted to expand by a moderate 2012-17 CAGR of 4.1%, taking it to US$1,110.3 million by 2017.
The Portuguese medical device market is largely supplied by imports from the EU-27, with 91.0% of total imports originating from the EU-27 in 2011. Spain, Germany, the Netherlands and France were the lead suppliers. Medical device imports totalled US$790.0 million in 2011, with consumables, orthopaedic & prosthetic and patient aids being key categories. There is some domestic production of low-tech items, but little multinational manufacturing.
Medical device imports fell by 8.7% in the 12 months to July 2012, to US$737.0 million. All sectors recorded a fall. Diagnostic products registered a fall of 18.4% in the period, followed by orthopaedic & prosthetic products (9.4%), dental products (7.7%), consumables (7.5%) and patient aids (6.6%). Medical device exports increased by 22.4% in the 12 months to July 2012, reaching US$252.3 million. All medical device exports apart from dental products saw growth. Consumables and other medical devices were the largest exports sectors for the period.
PROVIDING STRATEGIC MARKET ANALYSIS EVERY MONTH
Espicom's highly-regarded world medical technology and device market research reports provide enhanced strategic intelligence in a user-friendly format. Each report provides in-depth information, setting the medical equipment market in context. The reports provide:
- Unique projected estimates of market size and growth for 33 equipment categories
- Five year statistical data for key economic and healthcare indicators
- Information on regulation, distribution and market access, including Espicom’s unique distributor directory
- Detailed Medical trade data
- Data on leading local/multinational medical equipment players in the market
At no additional cost, all customers get access to Espicom Interactive. This advanced online service is easy-to-use and contains practical and valuable tools which will save you hours of time and effort.
- Full text cross file searching with fast response or intuitive “drill down” into the content
- Presentation-ready tables and graphics with “one click” output to other packages such as MS Excel™ and MS PowerPoint™
- View all tables and graphs independently from the text
- Split screen for more efficient working
- Instant machine translation into nine languages
- A “Cut your own” report building feature
- Pdf download
- Evaluate the potential of the market
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- Profile the market for new product, licences or collaborations
- Understand the operating and regulatory environment
- Gain a complete picture on health expenditure and infrastructure
- Review the competitive environment
EXECUTIVE SUMMARY
KEY BACKGROUND DATA
Geographic
Political
Economic
Healthcare
EU Directive
Organisation
Ministry of Health
National Health Service
Health Expenditure
MARKET DEVELOPMENTS
Moderate Medical Market CAGR
Falling Medical Device Imports
High Medical Export Growth
MEDICAL MARKET ANALYSIS
Overview
The Market in 2012
Past Performance 2007-11
Future Performance 2012-17
The Portuguese Market for Consumables
The Portuguese Market for Diagnostic Imaging
The Portuguese Market for Dental Products
The Portuguese Market for Orthopaedic & Prosthetic Products
The Portuguese Market for Patient Aids
The Portuguese Market for Other Medical Devices
ANNUAL IMPORTS
Consumables
Diagnostic Imaging
Dental Products
Orthopaedic & Prosthetic Products
Patient Aids
Others
MONTHLY IMPORTS
ANNUAL EXPORTS
Consumables
Diagnostic Imaging
Dental
Orthopaedic & Prosthetic Products
Patient Aids
Others
MONTHLY EXPORTS
DOMESTIC PRODUCTION
Production
Trade Association
APORMED
DOMESTIC MANUFACTURING
Local Manufacturers
Bastos Viegas
Fapomed
JMS
Oasipor
Pronefro
MULTINATIONAL ACTIVITY
ACCESSING THE MARKET
Distribution
Trade Fairs
Normédica/Ajutec
MEDICAL DEVICE REGULATIONS
National Competent Authority
European Regulations
National Regulations
National Activities
METHODOLOGY & SOURCES
Trade Code Classifications
Methodology
Sources
LIST OF TABLES
Espicom Analysis of the Portuguese Medical Market, 2013
SWOT Analysis of the Portuguese Medical Device Market, 2013
Economic Projections, 2013-18
Regional Health Administrations, 2010
Summary of Key Data, 2006-12
Portuguese Medical Device Market, Key Ratios, 2012
Portuguese Medical Device Market by Category, 2012
Projected Medical Device Market, 2012-17
The Portuguese Medical Device Market, 2007-17 (US$ Millions)
The Portuguese Medical Device Market, 2007-17 (US$ per Capita)
The Portuguese Medical Device Market, 2007-17 (% of Total)
The Portuguese Medical Device Market, 2007-17 (% Change)
The Portuguese Consumables Market, 2007-17 (US$ Millions)
The Portuguese Consumables Market, 2007-17 (US$ Per Capita)
The Portuguese Consumables Market, 2007-17 (% Change)
The Portuguese Diagnostic Imaging Market, 2007-17 (US$ Millions)
The Portuguese Diagnostic Imaging Market, 2007-17 (US$ Per Capita)
The Portuguese Diagnostic Imaging Market, 2007-17 (% Change)
The Portuguese Dental Products Market, 2007-17 (US$ Millions)
The Portuguese Dental Products Market, 2007-17 (US$ Per Capita)
The Portuguese Dental Products Market, 2007-17 (% Change)
The Portuguese Orthopaedic & Prosthetic Products Market, 2007-17 (US$ Millions)
The Portuguese Orthopaedic & Prosthetic Products Market, 2007-17 (US$ Per Capita)
The Portuguese Orthopaedic & Prosthetic Products Market, 2007-17 (% Change)
The Portuguese Patient Aids Market, 2007-17 (US$ Millions)
The Portuguese Patient Aids Market, 2007-17 (US$ Per Capita)
The Portuguese Patient Aids Market, 2007-17 (% Change)
The Portuguese Market for Other Medical Devices, 2007-17 (US$ Millions)
The Portuguese Market for Other Medical Devices, 2007-17 (US$ Per Capita)
The Portuguese Market for Other Medical Devices, 2007-17 (% Change)
Summary Medical Equipment Imports by Product Area, 2007-11 (US$ 000's)
Summary Medical Equipment Imports by Product Area, 2007-11 (US$ 000's % Change)
Summary Medical Equipment Imports by Product Area, 2007-11 (Euros 000s)
Summary Medical Equipment Imports by Product Area, 2007-11 (Euros 000s % Change)
Summary Medical Equipment Imports by Product Area, 2007-11 (% of Total)
Leading Medical Equipment Suppliers by Product Area, 2011 (US$000s)
Leading Medical Equipment Suppliers by Product Category, 2011 (% of Total)
Top 20 Suppliers to the Portuguese Market, 2011 (US$000s)
Detailed Imports of Medical Equipment, 2007-11 (US$000s)
Detailed Imports of Medical Equipment, 2007-11 (Growth Trends)
Detailed Imports of Medical Equipment, Leading Destinations, 2011 (US$000s)
Monthly Medical Device Imports, October 2009-October 2012 (US$ Millions)
Summary Medical Equipment Exports by Product Area, 2007-11 (US$000s)
Summary Medical Equipment Exports by Product Area, 2007-11 (US$000s % Change)
Summary Medical Equipment Exports by Product Area, 2007-11 (Euros 000s)
Summary Medical Equipment Exports by Product Area, 2007-11 (Euros 000s % Change)
Summary Medical Equipment Exports by Product Area, 2007-11 (% of Total)
Leading Medical Equipment Destinations by Product Area, 2011 (US$000s)
Leading Medical Equipment Destinations by Product Category, 2011 (% of Total)
Top 20 Destinations for Portuguese Medical Exports, 2011 (US$000s)
Detailed Exports of Medical Equipment, 2007-11 (US$000s)
Detailed Exports of Medical Equipment, 2007-11 (Growth Trends)
Detailed Exports of Medical Equipment, Leading Destinations, 2011 (US$000s)
Monthly Medical Equipment Exports, October 2009-October 2012 (US$ Millions)
Portuguese Medico-Surgical Production, 2007-10
Portuguese Medical Device Production by Broad Category, 2007-11 (000s Euros)
Portuguese Medical Device Production by Category, 2007-11 (000s Euros)
Portuguese Medical Equipment Production by Category, 2007-11 (US$000s)
Portuguese Medical Equipment Production by Category, 2007-11 (% Total)
Members of APORMED, 2013
Local Producers of Class I Medical Devices, 2012
HS Trade Codes Used in This Report
HS Trade Codes, Rearranged
LIST OF CHARTS
Portuguese Medical Device Market by Category, 2012 (%)
Change in the Portuguese Medical Device Market, 2007-17 (%)
CAGR of the Portuguese Medical Device Market by Product Area, 2007-11 (%)
Market Projections, 2012-17 (US$ Millions)
Projected CAGR of Medical Device Market by Product Area, 2012-17 (%)
The Portuguese Market for Consumables, 2007-17 (US$ Millions)
The Portuguese Market for Consumables, 2007-17 (CAGR)
The Portuguese Market for Diagnostic Imaging, 2007-17 (US$ Millions)
The Portuguese Market for Diagnostic Imaging, 2007-17 (CAGR)
The Portuguese Market for Dental Products, 2007-17 (US$ Millions)
The Portuguese Market for Dental Products, 2007-17 (CAGR)
The Portuguese Market for Orthopaedic & Prosthetic Products, 2007-17 (US$ Millions)
The Portuguese Market for Orthopaedic & Prosthetic Products, 2007-17 (CAGR)
The Portuguese Market for Patient Aids, 2007-17 (US$ Millions)
The Portuguese Market for Patient Aids, 2007-17 (CAGR)
The Portuguese Market for Other Medical Devices, 2007-17 (US$ Millions)
The Portuguese Market for Other Medical Devices, 2007-17 (CAGR)
Medical Equipment Imports, 1990-11 (US$ millions)
Change in Medical Equipment Imports, 1991-11 (%)
CAGR of Medical Device Imports by Product Area, 2007-11 (CAGR %)
Medical Imports by Product Area, 2011 (%)
Medical Imports by Product Area, 2011 (%)
Medical Equipment Exports, 1990-11 (US$ Millions)
Change in Medical Equipment Exports, 1991-11 (%)
CAGR of Medical Device Exports by Product Area, 2007-11 (CAGR %)
Medical Exports by Product Area, 2011 (%)
Leading Medical Destinations, 2011 (%)
Portuguese Medical Device Production by Broad Category, 2011 (Million Euros)
KEY BACKGROUND DATA
Geographic
Political
Economic
Healthcare
EU Directive
Organisation
Ministry of Health
National Health Service
Health Expenditure
MARKET DEVELOPMENTS
Moderate Medical Market CAGR
Falling Medical Device Imports
High Medical Export Growth
MEDICAL MARKET ANALYSIS
Overview
The Market in 2012
Past Performance 2007-11
Future Performance 2012-17
The Portuguese Market for Consumables
The Portuguese Market for Diagnostic Imaging
The Portuguese Market for Dental Products
The Portuguese Market for Orthopaedic & Prosthetic Products
The Portuguese Market for Patient Aids
The Portuguese Market for Other Medical Devices
ANNUAL IMPORTS
Consumables
Diagnostic Imaging
Dental Products
Orthopaedic & Prosthetic Products
Patient Aids
Others
MONTHLY IMPORTS
ANNUAL EXPORTS
Consumables
Diagnostic Imaging
Dental
Orthopaedic & Prosthetic Products
Patient Aids
Others
MONTHLY EXPORTS
DOMESTIC PRODUCTION
Production
Trade Association
APORMED
DOMESTIC MANUFACTURING
Local Manufacturers
Bastos Viegas
Fapomed
JMS
Oasipor
Pronefro
MULTINATIONAL ACTIVITY
ACCESSING THE MARKET
Distribution
Trade Fairs
Normédica/Ajutec
MEDICAL DEVICE REGULATIONS
National Competent Authority
European Regulations
National Regulations
National Activities
METHODOLOGY & SOURCES
Trade Code Classifications
Methodology
Sources
LIST OF TABLES
Espicom Analysis of the Portuguese Medical Market, 2013
SWOT Analysis of the Portuguese Medical Device Market, 2013
Economic Projections, 2013-18
Regional Health Administrations, 2010
Summary of Key Data, 2006-12
Portuguese Medical Device Market, Key Ratios, 2012
Portuguese Medical Device Market by Category, 2012
Projected Medical Device Market, 2012-17
The Portuguese Medical Device Market, 2007-17 (US$ Millions)
The Portuguese Medical Device Market, 2007-17 (US$ per Capita)
The Portuguese Medical Device Market, 2007-17 (% of Total)
The Portuguese Medical Device Market, 2007-17 (% Change)
The Portuguese Consumables Market, 2007-17 (US$ Millions)
The Portuguese Consumables Market, 2007-17 (US$ Per Capita)
The Portuguese Consumables Market, 2007-17 (% Change)
The Portuguese Diagnostic Imaging Market, 2007-17 (US$ Millions)
The Portuguese Diagnostic Imaging Market, 2007-17 (US$ Per Capita)
The Portuguese Diagnostic Imaging Market, 2007-17 (% Change)
The Portuguese Dental Products Market, 2007-17 (US$ Millions)
The Portuguese Dental Products Market, 2007-17 (US$ Per Capita)
The Portuguese Dental Products Market, 2007-17 (% Change)
The Portuguese Orthopaedic & Prosthetic Products Market, 2007-17 (US$ Millions)
The Portuguese Orthopaedic & Prosthetic Products Market, 2007-17 (US$ Per Capita)
The Portuguese Orthopaedic & Prosthetic Products Market, 2007-17 (% Change)
The Portuguese Patient Aids Market, 2007-17 (US$ Millions)
The Portuguese Patient Aids Market, 2007-17 (US$ Per Capita)
The Portuguese Patient Aids Market, 2007-17 (% Change)
The Portuguese Market for Other Medical Devices, 2007-17 (US$ Millions)
The Portuguese Market for Other Medical Devices, 2007-17 (US$ Per Capita)
The Portuguese Market for Other Medical Devices, 2007-17 (% Change)
Summary Medical Equipment Imports by Product Area, 2007-11 (US$ 000's)
Summary Medical Equipment Imports by Product Area, 2007-11 (US$ 000's % Change)
Summary Medical Equipment Imports by Product Area, 2007-11 (Euros 000s)
Summary Medical Equipment Imports by Product Area, 2007-11 (Euros 000s % Change)
Summary Medical Equipment Imports by Product Area, 2007-11 (% of Total)
Leading Medical Equipment Suppliers by Product Area, 2011 (US$000s)
Leading Medical Equipment Suppliers by Product Category, 2011 (% of Total)
Top 20 Suppliers to the Portuguese Market, 2011 (US$000s)
Detailed Imports of Medical Equipment, 2007-11 (US$000s)
Detailed Imports of Medical Equipment, 2007-11 (Growth Trends)
Detailed Imports of Medical Equipment, Leading Destinations, 2011 (US$000s)
Monthly Medical Device Imports, October 2009-October 2012 (US$ Millions)
Summary Medical Equipment Exports by Product Area, 2007-11 (US$000s)
Summary Medical Equipment Exports by Product Area, 2007-11 (US$000s % Change)
Summary Medical Equipment Exports by Product Area, 2007-11 (Euros 000s)
Summary Medical Equipment Exports by Product Area, 2007-11 (Euros 000s % Change)
Summary Medical Equipment Exports by Product Area, 2007-11 (% of Total)
Leading Medical Equipment Destinations by Product Area, 2011 (US$000s)
Leading Medical Equipment Destinations by Product Category, 2011 (% of Total)
Top 20 Destinations for Portuguese Medical Exports, 2011 (US$000s)
Detailed Exports of Medical Equipment, 2007-11 (US$000s)
Detailed Exports of Medical Equipment, 2007-11 (Growth Trends)
Detailed Exports of Medical Equipment, Leading Destinations, 2011 (US$000s)
Monthly Medical Equipment Exports, October 2009-October 2012 (US$ Millions)
Portuguese Medico-Surgical Production, 2007-10
Portuguese Medical Device Production by Broad Category, 2007-11 (000s Euros)
Portuguese Medical Device Production by Category, 2007-11 (000s Euros)
Portuguese Medical Equipment Production by Category, 2007-11 (US$000s)
Portuguese Medical Equipment Production by Category, 2007-11 (% Total)
Members of APORMED, 2013
Local Producers of Class I Medical Devices, 2012
HS Trade Codes Used in This Report
HS Trade Codes, Rearranged
LIST OF CHARTS
Portuguese Medical Device Market by Category, 2012 (%)
Change in the Portuguese Medical Device Market, 2007-17 (%)
CAGR of the Portuguese Medical Device Market by Product Area, 2007-11 (%)
Market Projections, 2012-17 (US$ Millions)
Projected CAGR of Medical Device Market by Product Area, 2012-17 (%)
The Portuguese Market for Consumables, 2007-17 (US$ Millions)
The Portuguese Market for Consumables, 2007-17 (CAGR)
The Portuguese Market for Diagnostic Imaging, 2007-17 (US$ Millions)
The Portuguese Market for Diagnostic Imaging, 2007-17 (CAGR)
The Portuguese Market for Dental Products, 2007-17 (US$ Millions)
The Portuguese Market for Dental Products, 2007-17 (CAGR)
The Portuguese Market for Orthopaedic & Prosthetic Products, 2007-17 (US$ Millions)
The Portuguese Market for Orthopaedic & Prosthetic Products, 2007-17 (CAGR)
The Portuguese Market for Patient Aids, 2007-17 (US$ Millions)
The Portuguese Market for Patient Aids, 2007-17 (CAGR)
The Portuguese Market for Other Medical Devices, 2007-17 (US$ Millions)
The Portuguese Market for Other Medical Devices, 2007-17 (CAGR)
Medical Equipment Imports, 1990-11 (US$ millions)
Change in Medical Equipment Imports, 1991-11 (%)
CAGR of Medical Device Imports by Product Area, 2007-11 (CAGR %)
Medical Imports by Product Area, 2011 (%)
Medical Imports by Product Area, 2011 (%)
Medical Equipment Exports, 1990-11 (US$ Millions)
Change in Medical Equipment Exports, 1991-11 (%)
CAGR of Medical Device Exports by Product Area, 2007-11 (CAGR %)
Medical Exports by Product Area, 2011 (%)
Leading Medical Destinations, 2011 (%)
Portuguese Medical Device Production by Broad Category, 2011 (Million Euros)
