Lebanon Ranked 7th out of 17 in BMI’s Medical Device Risk/Reward Index for Q4 2015

In its quarterly Industry Risk/Reward Index for Q4, 2015, in terms of the medical device industry, Business Monitor ranked Lebanon 7th out of 17 in the Middle East and Africa (MEA) region (Saudi Arabia being 1st). Lebanon’s overall score was 51.4 out of a hundred, above the regional average of 49.9.

In terms of industry rewards, the medical device market in Lebanon placed 13th (39.1 below the 42.2 regional average). The market is expected to record a modest 2014-2019 compounded annual growth rate (CAGR). While manufacturing proficiency is limited, the market mainly imports medical devices from China, Europe and the U.S. 

Looking at the risk factor involved with the industry, Lebanon is ranked 8th in industry risk (56.7 above the 48.7 regional average) according to the report. The Ministry of Public Health (MOPH) plays a limited role in regulating healthcare; nonetheless it has adopted a national medical device regulatory strategy and controls the importation of medical devices.

Regarding country rewards, it was placed 2nd (70.01 well above the 57.4 regional average). Lebanon’s population is considered small, but its population growth is high based on world standards. With less than 10% of the population 65 years and older, which is high relative to the region, medical device market could prosper in the country. 

Finally Lebanon’s score of 54.4 (rank 12th) for country risk was slightly below the regional average of 55.4. In details, the country has been strongly affected by the spillover from the Syria’s ongoing tribulations, causing economic growth to slow down. In addition, it might have been ranked higher if not for the political tensions and deadlock that is imprinting the Lebanese current situation.


BMI’s Medical Device Risk/Reward Index


Total (out of 100)
Saudi Arabia68.8
South Africa49.0

Source: BMI

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