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2013 BRIC Medical Devices Market & CIVETS Medical Equipment Industry Analysis
Date:4/18/2013

vereign debt, CIVETS such as Turkey and Indonesia are offering medical market growth rates of 7.4% and 14.5% respectively in the medium-term, albeit from a lower value base. The report "Successfully Accessing Medical Equipment Markets in CIVETS" is an analysis of the health environment and commercial prospects in 6 high-growth emerging markets of CIVETS (Columbia, Indonesia, Vietnam, Egypt, Turkey and South Africa). The CIVETS markets are geographically diverse but in common offer medical device and equipment manufacturers strong reliance on imports and rapid growth rates.

Driven by patient population

All markets, including health, are per capita driven. But simple per capita considerations are not sufficient to appreciate the changing health profile of a country and the demand for health services/infrastructure. Understanding these dynamics will identify the potential for suppliers of medical devices, equipment and supplies and their related support services.

A key aspect which links CIVETS is a growing population that is young, technologically sophisticated and consumer orientated. The median age in the 6 CIVETS markets is 27; in Egypt it is just 24. By comparison, the median ages in the US and UK are 37 and 40, respectively. This profile of large numbers of economically active individuals, along with development of diverse economic activity, often related to mineral wealth, is driving GDP up and hence the improvement in social and health provision.

65+ population group to rise slowly

At the same time, for the medium term, the number of elderly (65+) as a % of the population will rise relatively slowly
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SOURCE RnR Market Research
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