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The Medical Device Market: Cuba

  • January 2014
  • -
  • Espicom Business Intelligence
  • -
  • 136 pages

OVERVIEW OF THE MEDICAL MARKET IN CUBA
Cuba does not publish economic data in any detail, and what is published rarely conforms to international standards Raul Castro is more open to liberalising the economy whilst still retaining communist values BMI values GDP at US$79 2bn in 2013, equal to US$7,044 per capita Growth in recent years has been moderate, maintained in part by strong prices for raw material exports and subsidised oil from Venezuela Cuba has consistently blamed the USA for its poor economic performance, citing the US trade embargo as a major cause of its continuing poverty The US response has been that Cuba's communist economic system is to blame, and that only internal reform will improve the situation Both sides are almost certainly correct, adding to the intractability of US-Cuban relations Venezuela and China have become important trade partners, but the USSR was the principal trading partner prior to the late 1980s The Soviet Union was eager to maintain a communist foothold in the area, and provided large amounts of aid to Cuba This ended abruptly when the USSR collapsed The Cuban economy collapsed with it, by official estimates shrinking by 34 8% during the 1990-1993 period

The medical device market is heavily reliant on imports but, Raul Castro, who came to power in February 2008, has made a consolidated effort to cut import expenditure In US dollar terms, imports for the latest 12 months to March 2013 rose by 2 3% over the previous 12 months, reaching US$81 6mn Diagnostic imaging grew the fastest at 71 1%, followed by patient aids (58 1%) and orthopaedics & prosthetics (4 1%) Dental products, however, experienced the highest fall, at -37 6%, followed by other medical devices (-17 5%) and consumables (-10 0%) Relations between the USA and Cuba are marginally warmer That said, US companies cannot directly supply the market because of the trade embargo The US embargo does
not really hurt Cuba because alternative products are available from other countries, particularly from China and the EU-27 countries

Cuba usually exports a small amount of medical devices, although the amount fluctuates each year The reason for the fluctuating export level is the rise and fall in exports to Venezuela In US dollar terms, medical device exports for the latest 12 months to March 2013 rose by 48 3% over the previous 12 months, reaching US$17 5mn Consumables and other medical devices had strong growth, whilst the remaining export product areas registered high falls Comparatively, Cuba registered the highest export level in 2006, when US$104 6mn was exported, mostly to Venezuela



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Table Of Contents

The Medical Device Market: Cuba
Espicom Industry View 7
Espicom Industry View 7
SWOT 10
Medical Device Market 10
Industry Forecast 12
Medical Device Market Forecast 12
Past Performance 2008-2013 12
Future Performance 2013-2018 13
Table: Projected Medical Device Market, 2013-2018 14
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn) 15
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$ Per Capita) 18
Table: Detailed Medical Device Market By Product Area, 2008-2018 (% Of Total) 21
Table: Detailed Medical Device Market By Product Area, 2009-2018 (US$mn, % Change) 24
Consumables Market Forecast 27
Table: Consumables Market, 2008-2018 (US$mn) 28
Table: Consumables Market, 2008-2018 (US$ Per Capita) 29
Table: Consumables Market, 2008-2018 (US$mn % Change) 30
Diagnostic Imaging Market Forecast 32
Table: Diagnostic Imaging Market, 2008-2018 (US$mn) 33
Table: Diagnostic Imaging Market, 2008-2018 (US$ Per Capita) 34
Table: Diagnostic Imaging Market, 2008-2018 (US$mn % Change) 35
Dental Products Market Forecast 37
Table: Dental Products Market, 2008-2018 (US$mn) 38
Table: Dental Products Market, 2008-2018 (US$ Per Capita) 39
Table: Dental Products Market, 2008-2018 (US$mn % Change) 39
Orthopaedics and Prosthetics Market Forecast 41
Table: Orthopaedics and Prosthetics Market, 2008-2018 (US$mn) 42
Table: Orthopaedics and Prosthetics Market, 2008-2018 (US$ Per Capita) 42
Table: Orthopaedics and Prosthetics Market, 2008-2018 (US$mn % Change) 43
Patient Aids Market Forecast 44
Table: Patient Aids Market, 2008-2018 (US$mn) 45
Table: Patient Aids Market, 2008-2018 (US$ Per Capita) 45
Table: Patient Aids Market, 2008-2018 (US$mn % Change) 46
Other Medical Devices Market Forecast 48
Table: Other Medical Devices Market, 2008-2018 (US$mn) 49
Table: Other Medical Devices Market, 2008-2018 (US$ Per Capita) 49
Table: Other Medical Devices Market, 2008-2018 (US$mn % Change) 50
Annual Medical Device Imports 52
Table: Medical Device Imports By Product Area, 2007-2011 (US$000s) 55
Table: Medical Device Imports By Product Area, 2007-2011 (US$000s, % Change) 56
Table: Medical Device Imports By Product Area, 2007-2011 (Local Currency 000s) 57
Table: Medical Device Imports By Product Area, 2007-2011 (Local Currency 000s, % Change) 58

Table: Medical Device Imports by Product Area, 2007-2011 (% Distribution) 60
Table: Leading Medical Device Suppliers By Product Area, 2011 (US$000s) 63
Table: Leading Medical Device Suppliers By Product Area, 2011 (% Distribution) 64
Table: Top 20 Medical Device Suppliers, 2011 (US$000s) 65
Table: Detailed Medical Device Imports By Product Area, 2007-2011 (US$000s) 66
Table: Detailed Medical Device Import Trends By Product Area, 2011 69
Table: Detailed Leading Medical Device Suppliers By Product Area, 2011 (US$000s) 72
Monthly Medical Device Imports 76
Table: Monthly Medical Device Imports By Product Area, December 2010 - June 2013 (US$mn) 76
Annual Medical Device Exports 77
Table: Medical Device Exports By Product Area, 2007-2011 (US$000s) 80
Table: Medical Device Exports By Product Area, 2007-2011 (US$000s, % Change) 81
Table: Medical Device Exports By Product Area, 2007-2011 (Local Currency 000s) 82
Table: Medical Device Exports By Product Area, 2007-2011 (Local Currency 000s, % Change) 83
Table: Medical Device Exports By Product Area, 2007-2011 (% Distribution) 85
Table: Leading Medical Device Destinations By Product Area, 2011 (US$000s) 86
Table: Leading Medical Device Destinations By Product Area, 2011 (% Distribution) 87
Table: Top 20 Medical Device Destinations, 2011 (US$000s) 89
Table: Detailed Medical Device Exports By Product Area, 2007-2011 (US$000s) 90
Table: Detailed Medical Device Export Trends By Product Area, 2011 93
Table: Detailed Leading Medical Device Destinations By Product Area, 2011 (US$000s) 97
Table: Detailed Medical Device Balance Of Trade, 2007-2011 (US$000s) 100
Monthly Medical Device Exports 103
Table: Monthly Medical Device Exports By Product Areas, December 2010 - June 2013 (US$mn) 103
Industry Risk Reward Ratings 105
Industry Risk Reward Ratings 105
Table: Espicom Analysis Of The Medical Device Market, 2013 105
Market Overview 107
Medical Device Market Overview 107
Overview 107
Table: Medical Device Market, Key Ratios, 2013 108
The Market In 2013 109
Table: Medical Device Market By Product Area, 2013 109
Healthcare Overview 110
Healthcare System 110
Health Expenditure 111
Health Infrastructure 111
Medical Device Technology 112
Key Data 112
Table: Key Data, 2008-2013 112
Industry Trends And Developments 115
Industry Trends and Developments 115
Regulatory Development 117
Medical Device Regulations 117

Competent Authority 117
Regulations 117
Table: Medical Device Regulations, 1992-2011 117
Registrations 118
Table: Evaluation and Registration Rates By Class and Complexity Type, 2012 119
Competitive Landscape 120
Domestic Medical Device Manufacturing 120
National Medical Device Manufacturers 120
Multinational Market Activity 122
Medical Device Market Access 123
Market Environment 123
Distribution 123
Trade Embargo 124
Trade Association 125
Table: Biotechnology, Pharmaceutical and Healthcare's Members Of CAMARACUBA, 2012 125
Trade Shows and Congresses 126
Methodology 129
Table: Used HS Trade Codes, 2013 130
Table: Rearranged HS Trade Codes, 2013 132

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