Lewes, DE -- (SBWIRE) -- 09/13/2016 -- Argentina's medical device market will record double-digit growth in local currency terms. Market drivers include increasing real GDP growth under the new government of Mauricio Macri, a large population with a sizeable elderly group, the incidence of chronic diseases, a well-developed healthcare system, a large amount of international loan funding for healthcare, a backlog of healthcare investment needs, and high medical device import reliance.

Latest Updates And Key Forecasts
- We maintain that the market will register a 2015-2020 CAGR of 13.3% in local currency terms, higher than the 2015-2020 CAGR of 6.6% in US dollar terms due to a steady depreciation of the peso in 2016. Over a longer time horizon, the peso will stabilise and gradually appreciate on the back of rising foreign direct investment. This will translate into a return to growth in 2017, preceded by a marked contraction in 2016.

- We anticipate that imports will record high growth in local currency terms in 2016, but will post a contraction in US dollar terms due to a steady depreciation of the official exchange rate in 2016. Imports fell by 18.1% to USD155.4mn in Q216 and contracted by 4.3% to USD331.4mn in H116.

- We expect uneven export growth in local currency terms, but negative growth in US dollar terms due to a steady depreciation of the official exchange rate in 2016. Exports fell by 17.1% to USD14.6mn in Q216 and contracted by 16.5% to USD27.4mn in H116.

For more information Visit at: http://www.marketresearchreports.com/business-monitor-international/argentina-medical-devices-report-q4-2016

France will remain the fifth largest market in the world but will see more moderate growth over the next five years, constrained by a sluggish economy and cost containment measures in the healthcare sector. Growth will be primarily driven by the rising healthcare needs of the ageing population and the need to keep pace with new technology.

Latest Updates And Key Forecasts
- We have revised down our forecasts on the back of the Brexit referendum results and likely exit of the UK from the EU, which will impact on French economic growth. We anticipate the market will expand at a euro 2015-2020 CAGR of 4.5% and a US dollar 2015-2020 CAGR of 2.3%, taking the value to USD14.6bn.

- We expect imports will register an improved performance in US dollar terms in 2016, following negative growth in 2015. Imports grew by 6.9% y-o-y in euro terms in the 12 months to June 2016, but fell by 1.0% in US dollar terms taking the running annual total to USD10.5bn.

- France's long standing competitiveness issues will hinder export growth, increasing the trade deficit still further. Exports grew by 0.9% y-o-y in euro terms in the 12 months to June 2016, but fell by 6.6% in US dollar terms reducing the running annual total to USD7.5bn.

For more information Visit at: http://www.marketresearchreports.com/business-monitor-international/france-medical-devices-report-q4-2016

Our revised forecasts indicate subdued market growth for the 2015-2020 period, at zero in US dollar terms and 3.1% in local currency terms. The strengthening of the US dollar is affecting import performance from the USA, the country's main supplier, and we maintain this trend will continue in the medium term. The District Health Boards' focus on cost efficiency and a stronger policy on medical device reimbursement are likely to affect the growth prospects of the New Zealand medical device market.

Latest Updates And Key Forecasts
- We have revised our forecasts downwards in US dollar terms and now anticipate that the value of the market will remain static over the 2015-2020 period, standing at USD690.0mn in 2020. The absence of any growth reflects a weakness of the New Zealand dollar (NZD) against the US dollar over the medium term, amid slowing economic activity. In local currency terms however, the market will expand by a CAGR of 3.1% during 2015-2020.

- The USA is by far the largest supplier to New Zealand and we expect imports to continue falling in 2016 as the local currency depreciates against the US dollar. Imports rose by 6.5% y-o-y to USD186.7mn during Q216, but fell by 3.7% y-o-y in the 12 months to June 2016.

For more information Visit at: http://www.marketresearchreports.com/business-monitor-international/new-zealand-medical-devices-report-q4-2016

The United Arab Emirates' medical device market will record lower growth in an era of slower economic growth. With rising healthcare costs and a period of lower oil prices, the government will increase private sector participation to stave off the erosion of state revenues. Population growth, a changing epidemiology, a growing medical tourism industry, healthcare infrastructure developments, an expanding health insurance, digital transformation and new technologies will remain key market drivers.

Latest Updates And Key Forecasts
- We maintain the market will register a 2015-2020 CAGR of 8.2%, which will take the value to AED5.3bn (USD1.4bn) in 2020. The UAE will record slower but sustainable economic growth over the next five to ten years, in a context of lower oil prices, which will slow down medical device consumption over the forecast period.

- We anticipate import performance will be lower in the coming years, tempered by slower economic growth. Recent monthly import performance has been increasingly negative. Imports fell by 13.8% to USD205.8mn in the three months to April 2016, up from a contraction of 2.9% to USD931.2mn in the 12 months to April 2016.

- The UAE will remain a regional re-export base, despite negative export performance hindered by a strong dirham pegged to the dollar and a climate of lower oil prices in the region. Exports fell by 70.0% to USD8.3mn in the three months to April 2016, up from a contraction of 16.9% to USD79.4mn in the 12 months to April 2016.

For more information Visit at: http://www.marketresearchreports.com/business-monitor-international/united-arab-emirates-medical-devices-report-q4-2016

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