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Nigeria Medical Devices Report Q2 2015, Business Monitor International

  • April 2015
  • -
  • Business Monitor International
  • -
  • 144 pages

Includes 3 FREE quarterly updates

BMI Industry View: Despite budget constraints, the Nigerian medical device market is exhibiting encouraging growth after several years of stagnation. Virtually all of the market is supplied by imports, which reached a high of USD154.4mn in 2013 and have continued to grow during the early part of 2014. The long term growth prospects of the Nigerian medical device market will be strongly influenced by the government's policies in regards to investment under the National Strategic Health Development Plan (2010-2015), the shortage of healthcare personnel and a need to effectively address the poor healthcare indicators of the country. The implementation of the National Health Bill, which has finally been given Presidential assent, is seen as crucial in enabling the long-term development of the health sector.

Headline Industry Forecasts

- The medical device market is valued at USD154.4mn in 2013, making it the seventh largest market in Africa. In per capita terms, spending is very low at less than USD1.0, compared to a regional average of around USD5.0, indicating huge potential for expansion. The medical device market is forecast to grow at a CAGR of 8.0% in US dollar terms over the 2013-2018 period to reach a value of USD227.0mn.
- Virtually the entirely medical device market is supplied by imports. Medical device imports reached a high of USD153.8mn in 2013, a rise of 6.5% over 2013, this followed a rise of 23.4% in 2012, the first significant growth in four years. Between 2008 and 2013, imports grew at a CAGR of 10.9% in local currency terms and 4.6% in US dollar terms. The running annual total fell to USD150.3mn in the 12 months to September 2014, representing y-o-y growth of -7.3%.

Table Of Contents

Nigeria Medical Devices Report Q2 2015, Business Monitor International
BMI Industry View 7
BMI Industry View 7
SWOT 10
Medical Device Market 10
Political 12
Economic 13
Operational Risk 14
Industry Forecast 16
Medical Device Market Forecast 16
2008-2013 Performance 16
2013-2018 Performance 18
Table: Projected Medical Device Market, 2013-2018 19
Table: Detailed Medical Device Market By Product Area, 2008-2018 (USDmn) 20
Consumables Market Forecast 23
Bandages and Dressings 23
Suturing Materials 24
Syringes, Needles and Catheters 24
Other Consumables 24
Table: Consumables Market, 2008-2018 (USDmn) 24
Table: Consumables Market, 2009-2018 (USDmn, % Change) 25
Diagnostic Imaging Market Forecast 27
Electrodiagnostic Apparatus 27
Radiation Apparatus 27
Imaging Parts and Accessories 27
Table: Diagnostic Imaging Market, 2008-2018 (USDmn) 28
Table: Diagnostic Imaging Market, 2009-2018 (USDmn, % Change) 29
Dental Products Market Forecast 30
Capital Equipment 30
Instruments and Supplies 31
Table: Dental Products Market, 2008-2018 (USDmn) 31
Table: Dental Products Market, 2009-2018 (USDmn, % Change) 31
Orthopaedics and Prosthetics Market Forecast 33
Fixation Devices 33
Artificial Joints 33
Other Artificial Body Parts 33
Table: Orthopaedics and Prosthetics Market, 2008-2018 (USDmn) 34
Table: Orthopaedics and Prosthetics Market, 2009-2018 (USDmn, % Change) 34
Patient Aids Market Forecast 35
Portable Aids 35
Therapeutic Appliances 36
Table: Patient Aids Market, 2008-2018 (USDmn) 36
Table: Patient Aids Market, 2009-2018 (USDmn, % Change) 36
Other Medical Devices Market Forecast 38
Table: Other Medical Devices Market, 2008-2018 (USDmn) 38
Table: Other Medical Devices Market, 2009-2018 (USDmn, % Change) 39
Annual Medical Device Imports 41
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s) 43
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s, % Change) 44
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s) 45
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s, % Change) 46
Table: Top 20 Medical Device Suppliers, 2013 (USD000s) 49
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (USD000s) 50
Table: Detailed Medical Device Import Trends By Product Area, 2013 53
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (USD000s) 56
Monthly Medical Device Imports 59
Table: Monthly Medical Device Imports By Product Area, March 2012 - September 2014 (USDmn) 59
Annual Medical Device Exports 62
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s) 65
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s, % Change) 66
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s) 67
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s, % Change) 68
Table: Leading Medical Device Destinations, 2013 (USD000s) 69
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (USD000s) 70
Table: Detailed Medical Device Export Trends By Product Area, 2013 73
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (USD000s) 77
Table: Detailed Medical Device Trade Balance, 2009-2013 (USD000s) 80
Monthly Medical Device Exports 83
Table: Monthly Medical Device Exports By Product Area, March 2012 - September 2014 (USDmn) 83
Macroeconomic Forecasts 85
Economic Analysis 85
Table: Economic Activity (Nigeria 2010-2019) 88
Industry Risk/Reward Index 89
Table: MEA Medical Device Risk/Reward Index, Q215 90
Market Overview 91
Medical Device Market Overview 91
Table: Medical Device Market, Key Ratios, 2013 93
Table: Medical Device Market By Product Area, 2013 94
Healthcare Overview 95
Health Status 95
Healthcare System 95
Table: NSHDP Budget By Priority Area, 2010-2015 99
Table: NSHDP, Selected Targets, 2008-2015 100
Healthcare Funding 106
Healthcare Resources 108
Table: Federal Teaching Hospitals, 2014 109
Table: Federal Medical Centres, 2014 110
Table: Federal Specialist Non-Psychiatric Hospitals, 2014 111
Healthcare Activity 111
Healthcare Personnel 111
Key Healthcare Data 112
Table: Key Healthcare Data, 2009-2014 112
Industry Trends And Developments 114
Industry Trends and Developments 114
Table: Federal Ministry of Health Budget, 2014-2015 (NGNmn) 118
Regulatory Development 125
Medical Device Regulations 125
Competent Authority 125
Product Registration 125
Procurement Policy 128
Competitive Landscape 130
Domestic Medical Device Production 130
National Medical Device Manufacturers 130
Multinational Market Activity 130
Table: Multinational Market Activity, 2015 130
Medical Device Market Access 132
Market Environment 132
Distribution 132
Trade Fair 132
Methodology 134
Forecast Methodology 134
Trade Code Classifications 135
Table: Used HS Trade Codes 135
Table: Rearranged HS Trade Codes 137
Risk/Reward Index Methodology 140
Table: Medical Devices Risk/Reward Index Indicators 141
Sources 143
Contact 144

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