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The Medical Device Market: Cuba
Management Report
Published: September 2009
Pages: 76
Tables: For full details, please email keithw@cmsinfo.com
From: GBP 595.00 Buy Now!
Research from: Espicom
Sector: Medical Devices
Espicom’s in-depth medical device market reports are 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.
Cuba’s imported medical equipment market has grown rapidly in recent years, followed by relative stability for the last three years for which data is available, 2005-2007. Cuba does not release official import and export data so this information is gathered by checking the imports/ exports in other countries relating to Cuba.
US companies cannot directly supply the market because of a trade embargo, but the future is looking brighter than for many years due to leadership changes on both sides. The EU lifted diplomatic sanctions last year, in January 2009, Cuba announced it was open to direct talks with the US, whilst in April, President Obama made policy changes related to US based relatives travel and money transfer. In 2008, America stated that the embargo will remain unless Cuba converts to a democracy.
Cuba has been growing closer to Venezuela in recent years with Venezuela supplying Cuba with energy. Between January and May 2009, Cuba processed 8 million barrels of crude oil in its Cienfuegos refinery. There are ten ships which transport oil and gas to ALBA countries and others in a joint Cuban-Venezuelan oil venture to ensure independence in the energy sector. Cuba pays for the energy partly by collaborating on joint projects, for example, Operation Miracle.
Three hurricanes which hit in 2008 will cost around US$10 billion to repair. The storms severely impacted on 2,000 health centres and Cuba’s power and road networks. Cuba refused US financial assistance due to the trade embargo situation.
Cuba is one of the world’s last unreformed communist countries. The healthcare sector is highly centralised and controlled by the government. However, the new regime has made small changes, decentralising agriculture, giving land to private farmers. Raúl Castro is seemingly more open to liberalising the economy whilst still retaining communist values, looking to China’s example. An abolishing of the wages cap and allowing bonuses from August 2008 is an attempt to revitalise the economy.
Unlike many communist countries, Cuba has always made a priority of healthcare. Medical research has a good reputation, and the country trains more doctors per head of population than anywhere else in the world. Its Latin American doctor training programme (ELAF) sees around 3,000 doctors graduate each year.
Healthcare provision is often very basic. The country lacks the funds to expand and upgrade equipment, which generally needs to be imported. Patients may therefore have good access to doctors and facilities, but advanced treatments are far harder to come by.
US companies cannot directly supply the market because of a trade embargo, but the future is looking brighter than for many years due to leadership changes on both sides. The EU lifted diplomatic sanctions last year, in January 2009, Cuba announced it was open to direct talks with the US, whilst in April, President Obama made policy changes related to US based relatives travel and money transfer. In 2008, America stated that the embargo will remain unless Cuba converts to a democracy.
Cuba has been growing closer to Venezuela in recent years with Venezuela supplying Cuba with energy. Between January and May 2009, Cuba processed 8 million barrels of crude oil in its Cienfuegos refinery. There are ten ships which transport oil and gas to ALBA countries and others in a joint Cuban-Venezuelan oil venture to ensure independence in the energy sector. Cuba pays for the energy partly by collaborating on joint projects, for example, Operation Miracle.
Three hurricanes which hit in 2008 will cost around US$10 billion to repair. The storms severely impacted on 2,000 health centres and Cuba’s power and road networks. Cuba refused US financial assistance due to the trade embargo situation.
Cuba is one of the world’s last unreformed communist countries. The healthcare sector is highly centralised and controlled by the government. However, the new regime has made small changes, decentralising agriculture, giving land to private farmers. Raúl Castro is seemingly more open to liberalising the economy whilst still retaining communist values, looking to China’s example. An abolishing of the wages cap and allowing bonuses from August 2008 is an attempt to revitalise the economy.
Unlike many communist countries, Cuba has always made a priority of healthcare. Medical research has a good reputation, and the country trains more doctors per head of population than anywhere else in the world. Its Latin American doctor training programme (ELAF) sees around 3,000 doctors graduate each year.
Healthcare provision is often very basic. The country lacks the funds to expand and upgrade equipment, which generally needs to be imported. Patients may therefore have good access to doctors and facilities, but advanced treatments are far harder to come by.