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The Medical Device Market: Pakistan
Espicom Business Intelligence Ltd, Sep 2009, Pages: 86
This in-depth medical device market report is ideal for executives wanting to understand the key drivers in medical markets and have access to a wealth of statistical data. Each report opens with an outlook section that provides analysis of the market, 5-year market forecasts, national data projections, market outlook and key developments such as regulation, health facilities and government policy. The report also provides extensive background information, population trends, health status, health expenditure, organisation & administration, hospital services, medical personnel, healthcare development, market access information, trade data and essential industry contacts. Included with the report are 3 free quarterly updated outlook reports, enabling you to keep up to date with market developments for a year.
Executive Summary
Pakistan is one of the world’s most populous countries, poverty is rife and standards of living are defined by substandard sanitation, nutrition and widespread incidence of communicable diseases.
The healthcare sector is poorly funded by the government and the private sector is only affordable to a small minority of the population. Total spending on healthcare is equal to around 2.6% of GDP, which is considered low by world standards.
Hospital and health centre facilities are rudimentary and poorly equipped in the majority of cases. 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.
The medical device market is heavily supplied by imports, which account for around 94% of the market. Imports have grown very strongly in recent years, rising by 3.9% in 2007, and more than doubling since 2003. In CAGR terms, growth was 22.7% from 2003-2007.
The Pakistan medical device market is small, in value terms, for a country its size, but despite its ongoing socio-political problems, notwithstanding low per capita healthcare expenditure due to widespread poverty, medical device imports have continued to grow very strongly over the last few years, albeit on the back of a relatively small total. Fuelled largely by this import growth, the medical device market is expected to grow strongly, at an average 10.3% in the 2009-2014 period.
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