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FRD Center Analysis Importer-Distributors of Orthopedic Implants and Medical Devices in Romania

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0% found this document useful (0 votes)
100 views14 pages

FRD Center Analysis Importer-Distributors of Orthopedic Implants and Medical Devices in Romania

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normeddeneme
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Romania

Importer-distributors of Orthopaedic Implants


and Medical Devices
A FRD Center analysis
Introduction

This presentation is produced by FRD Center – www.frdcenter.ro - one of the pioneer


privately owned independent market entry consulting and M&A advisory firms in Romania.

Since 2000, FRD Center offers tailor-made market research and intelligence, B2B
matchmaking and M&A consulting services to foreign organisations interested to enter
Romania and the emerging markets in Europe as exporters, consultants, investors or joint-
ventures, to relocate their operations, or to source in CE, SE and Eastern Europe.

Disclaimer:
Whilst every care is taken in compiling this report, no responsibility is taken for errors or
omissions. FRD Center guarantees that this information, collected and generated, has been
operated in a professional manner and best efforts were applied with a view to offering
accurate and complete results. However, FRD Center will not be held liable for any damage or
loss resulting from the use of the information contained herein.

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As part of the CSR activity, FRD Center endorses the
Sibiu International Theatre Festival SibFest FITS - www.sibfest.ro

The Sibiu International Theatre Festival is the most complex festival in Romania.
Internationally, it has become the most important performing arts festival in Europe,
judging by its ampleness, dimension, and quality of events, before Edinburgh
International Festival (Great Britain) and Avignon Festival (France)

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Why Romania?

Romania is the most dynamic large market in Europe, a strong democracy, a NATO and EU
member. After a GDP growth of 4.8% in 2016, in Q1 and Q2 2017 Romania registered the
highest GDP growth rate in the EU: 5.7%.

With unemployment average of 5.5%, the purchasing power of the Romanian population
increased with 12% in 2016 and the consumption with 9%.

Additional to the local consumption growth and increasing


purchasing power, Romania's strategic advantage is its
position as a GATEWAY to the EU, on one hand, and to
large markets such as Russia, Turkey, Ukraine, Kazakhstan
that are not part of the EU.

FRD Center has direct contact with relevant local players in


the medical devices and health equipment sector, both
importer-distributors and direct buyers.

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Medical Devices Market in Romania

The Romanian Medical Equipment market, currently estimated at some EUR 500 million,
is 90% generated by imports and offers opportunities for foreign manufacturers to
export to Romania.

In the next 3-5 years, it is expected to grow by approx 5% y-o-y, mainly due to Romania's
economic growth and increasing health expenditure both by the Government and
private consumers.

There are approximately 300 medical device distributors and commercial


representatives in Romania. FRD Center has extensive specialised d-base of relevant
contacts in the medical devices and health equipment sector, of both importer-
distributors and direct buyers.

On behalf of our Clients - the foreign manufacturers interested to penetrate the local
market - we contact the relevant key decision makers and buyers with product
introduction and B2B matchmaking services.

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Orthopaedic Implants and Medical Devices
Market in Romania

Orthopedic Implants used in Romania are imported. The orthopaedic or fracture


appliances imports in Romania (TARIC 902110) registered in 2015 an increase of 12.2%
compared to 2014. In 2016, they reached EUR 8.4m.

Imports of orthopaedic or fracture appliances in Romania

10

8
million EUR

0
2014 2015 2016

Source: Comtrade, FRD Center

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Importer-distributors of Orthopedic Implants
and Medical Devices in Romania
examples:
Company Contact details

Bucharest
Medical Technologies International www.mt-intl.ro

Silva Trading Bucharest

Bucharest
Medical Ortovit www.ortovit.eu

Bucharest
Biotechnic Romania www.biotechnic.ro

Bucharest
Valdomedica Trading www.valdomedica.ro

Cluj-Napoca
Ronda Medical www.rondamedical.ro

Lamar Prexim Bucharest

Source: FRD Center

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Importer-distributors of Orthopedic Implants
and Medical Devices in Romania
examples:
Net turnover dynamics of orthopaedics importers in Romania

20

15
million EUR

10

0
Medical Technologies Silva Trading Medical Ortovit Bio Technic Romania
International

2010 2011 2012 2013 2014 2015 2016

Source: Finance Ministry, FRD Center

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Medical Technologies International SRL

Medical Technologies International SRL was founded in


2005 and became the market leader in the field of medical
orthopaedic equipment, designed for total and revision
arthroplasty procedures. Medical Technologies International
also imports and distributes a wide range of medical
devices, including vascular laser and cardiovascular surgery
devices.

The company is also a major player in the category of


products for arthroscopy, sports medicine and equipment
dedicated to the operating room and medical offices.

The company has partnerships with over 30 leading global manufacturers, including Zimmer –
leader in the field of orthopedic implants, Leica Microsystems, Wright Medical, SRA Developments,
Moor Instruments, KCI an Acelity Company, DJO Global, Anika Therapeutics.

In 2016, Medical Technologies International SRL registered a turnover of almost EUR 17m, which
according to the FRD Center analysis is 31.7% higher than in 2015.

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Medical Ortovit

Founded in 1997 by two orthopaedic surgeons, MEDICAL


ORTOVIT is currently a leading provider of orthopaedic implants
and other high-tech treatments in Romania. They import and
distribute osteosynthesis devices, rods, tiles, articular
prosthesis, arthroscopic equipment and devices etc.

Their international suppliers include Smith & Nephew,


Fournitures Hospitalieres, Groupe Lepine, Geistlich Surgery,
Reda, Kinetec, Amedrix, Medline, ChM etc.

With the contribution of a team of 50 employees, Medical


Ortovit can provide advanced therapeutic solutions for
orthopedic patients and for a wider range of other pathologies.

In 2016, Medical Ortovit registered a turnover of EUR 6.1m, which according to the FRD Center
analysis is 6.9% lower than in 2015.

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0
Silva Trading

Set up in 1992, SILVA TRADING entered the field of high-tech


medical products in 1997 with the import and distribution of
interventional cardiology products. In 1998, Silva Trading
became exclusive distributor in Romania of MEDTRONIC.

In respect to orthopaedic implants, the company imports and


distributes:
- implants for spinal fractures
- implants for spine tumours
- cervical, lumbar disc prostheses, cervical disc replacement
- vertebral body replacements
- spine fixation systems through laparoscopy, endoscopy
- bone replacement

In 2016, Silva Trading registered a turnover of EUR 10.1m, which according to the FRD Center
analysis is 53.9% higher than in 2015.
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Biotechnic Romania

Founded in 1997, BIOTECHNIC is a Romanian medical


device importer-distributor, specialized in joint
replacement products.

The Company imports and distributes medical devices


in Romania, especially hip and knee prostheses,
colonic surgery systems and orthopaedic implants,
including bone tumour reconstruction prostheses.

One of their international partners is Waldemar Link


from which they import and distribute the
Megasystem-C system. Other partners are C2F
Implants and Biotechni (France),

In 2016, Biotechnic registered a turnover of EUR 3.5m, which according to the FRD Center
analysis is 31% higher than in 2015.

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B2B in the Orthopaedic Implants and Medical
Devices market in Romania
FRD Center is constantly monitoring the development of the imports of
Orthopaedic Implants and Medical Devices in Romania, facilitating access of
potential foreign exporters and strategic investors to the local companies’ decision
makers.

FRD Center assists international companies with overseas expansion and market
entry to the Emerging Markets in Eastern Europe, CE and SE Europe.

Are you a foreign Orthopedic Implants and Medical Devices manufacturer looking
to export to the Emerging Markets in Europe?

Perhaps we can collaborate.

As one of the pioneer privately owned market entry advisory firms in Romania,
operating for over 15 years in this market, FRD Center has high competencies in
market entry advisory and is quite well placed to assist foreign exporters with B2B
matchmaking and product introduction to buyers in Romania and the region.

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FRD Center – www.frdcenter.ro 3
For tailored market research, B2B matchmaking with
local players in the sector, deal origination and M&A
assistance feel free to contact

Jackie BOJOR, Director

FRD Center Market Entry Services


Str. Orzari 5, Bl 46bis
Bucharest, Romania

Tel: +4021 411 1460; Fax: +4021 411 1461


Skype: FRDCenter

e-mail: [email protected]

www.frdcenter.ro
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