New Medical Devices research report from Espicom Business Intelligence is now available from Fast Market Research
Boston, MA -- (SBWIRE) -- 04/08/2014 -- Hospital and health centre facilities are rudimentary and poorly equipped in the majority of cases. Medical equipment are often imported, second-hand, from developed countries and operated by untrained personnel, limiting their effective use and when devices malfunction, hospitals and clinics often face a long wait for them to be repaired. The primary sector is underused and per capita medical personnel levels are low.
Given the lack of government funding for healthcare, much investment is via international organisations, including the UAE Pakistan Assistance Programme, the International Medical Equipment Collaborative, the Japanese government and USAID. There are also moves to boost hospital revenues by the privatisation of wards, a move proposed by the Karachi Metropolitan Corporation in March 2013.
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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. China and South Korea are two markets keen to boost imports of these goods.
The Pakistan medical device market is small, in value terms, for a country its size and its development is affected by ongoing socio-political problems and reoccurring security threats. 2012 saw a surge in violence and terrorist activity. Even though Pakistan has low per capita healthcare expenditure due to widespread poverty, medical device imports have continued to grow very strongly over the last few years, albeit from a small base. Fuelled largely by this import growth, the medical device market is expected to grow at a reasonable rate, with a CAGR of 13.1% forecast for the 2013-2018 period.
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