Montenegro private health care market potentials

Private health care market represents the special opportunity for investors, large number of luxury oriented people are relocating their business and facilities to major touristic centers which are lacking state of art private medical centres.

Montenegro’s health care sector relies on imports due to limited domestic production. Exports to Montenegro mainly come from Germany,Italy,Austria,Switzerland, and the UnitedStates. The market has seen considerable growth over the last ten years, and there are prospects for increased potential in the next few years. The vast majority of equipment in public hospitals is outdated and expensive to maintain.

The Ministry of Health is the main actor in the Montenegrin medical equipment market. The Ministry develops health policy, proposes the health care budget and the investment program for the sector, and monitors the work of state- owned health institutions. Currently, all procurements are tendered through the Ministry of Health.

Foreign manufactured medical equipment enjoys an excellent reputation in Montenegro for its state–of–the–art technology, quality, and reliability. The best sales prospects for foreign medical equipment are cardiovascular diagnostic equipment, non–invasive surgical devices, anesthesia and intensive care equipment, diagnostic imaging (CTs, MRIs), radiation therapy equipment, as well as ultrasound equipment, urology equipment, laboratory and testing equipment, tissue and blood bank equipment, hospital care equipment, and hospital information systems.

There are opportunities in the Montenegrin market for the manufacturers of sophisticated diagnostic equipment such as electro cardiographs, endoscopes, and scanners. Several private clinics have opened in Montenegro as well, which will lead to more numerous opportunities for foreign companies.

Private health care market represents the special opportunity for investors, large number of luxury oriented people are relocating their business and facilities to major touristic centers which are lacking state of art private medical centres.