Medical, surgical, dental or veterinary furniture and parts market in Bosnia and Herzegovina

Earlier Report Observations

From 2018 to 2020, Bosnia and Herzegovina's market for medical, surgical, dental, and veterinary furniture was shaped by the dominant presence of EU manufacturers and a complex, entity-based regulatory framework. The COVID-19 pandemic in 2020 disrupted global supply chains, which affected the availability of imported equipment, while simultaneously boosting demand for intensive care and anesthesia-related furniture due to the healthcare emergency.

In 2021, the overall furniture manufacturing sector in the country recorded a 25.61% increase in production value, supporting growth in the output of medical furniture and parts. The market size reached 2.8 million USD. The following year, a Constitutional Court decision annulled a law, reinforcing the state-level Medicines Agency as the sole regulator for medical devices. This regulatory shift aimed to clarify market access, coinciding with a period of market stability where the market volume remained at 2.8 million USD.

The market expanded significantly to 4.1 million USD in 2023 and continued growing to 4.4 million USD in 2024. Domestic production of medical furniture surged to 4.1 million USD in 2024, indicating a major expansion of local manufacturing capacity during this period.

Production medical and veterinary furniture and parts in Bosnia and Herzegovina

In value, 2018-2021, K $ US

Annual dynamics of production in Bosnia and Herzegovina in value, 2018-2021, K $ US

Exports medical and veterinary furniture and parts from Bosnia and Herzegovina

Exports in kind, t

Bosnia and Herzegovina's exports of medical, surgical, dental, or veterinary furniture and parts declined for the second year in a row. In 2021, exports amounted to 63.1 tons, marking a 38.4% decrease compared to the previous year. Looking at the period from 2018 to 2021, exports fell by 24.3%, which translates to an annualized decline of 8.9%. The peak was reached in 2019 with 134.7 tons, and that year also saw the largest increase at 61.6%.

Annual dynamics of product's exports from Bosnia and Herzegovina in kind, 2018-2021, t

From 2018 to 2021, Spain and Germany remained the top buyers of medical, surgical, dental, or veterinary furniture and parts from Bosnia and Herzegovina, accounting for a combined 84.7% of total exports in volume. Other countries made up the remaining share.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Bosnia and Herzegovina in kind, 2018-2021

Exports in value, K $ US

Bosnia and Herzegovina's exports of medical, surgical, dental, or veterinary furniture and parts in value terms declined for the second consecutive year. In 2021, exports totaled 268 thousand US dollars, reflecting a significant drop of 10.7% from the year before. Over the 2018-2021 period, exports grew by 9.3%, with a compound annual growth rate of 3.0%. The highest value was recorded in 2019 at 404 thousand US dollars. The largest decrease occurred in 2020 with a 25.6% decline, while the biggest increase was in 2019 at 64.4%.

Annual dynamics of product's exports from Bosnia and Herzegovina in value, 2018-2021, K $ US

Between 2018 and 2021, Spain, Germany, and Croatia were the leading destinations for Bosnia and Herzegovina's exports of medical, surgical, dental, or veterinary furniture and parts in value terms. Spain accounted for 46.6% of exports, Germany for 24.5%, and Croatia for 17.4%, together representing 88.4% of total export flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Bosnia and Herzegovina in value, 2018-2021

Imports medical and veterinary furniture and parts to Bosnia and Herzegovina

Imports in kind, t

Following a two-year decline, Bosnia and Herzegovina's imports of medical, surgical, dental, or veterinary furniture and parts in volume terms rebounded in 2021. Imports reached 252.1 tons, up by 52.7% compared to the previous year. Over the 2018-2021 period, imports decreased by 7.4%, with a compound annual decline of 2.5%. The lowest volume was recorded in 2020 at 165.1 tons, which also saw the largest decline of 36.7%.

Annual dynamics of product's imports to Bosnia and Herzegovina in kind, 2018-2021, t

From 2018 to 2021, China, Czechia, and Germany were the primary suppliers of medical, surgical, dental, or veterinary furniture and parts to Bosnia and Herzegovina in volume terms. China contributed 17.4% of imports, Czechia 17.2%, and Germany 16.7%, collectively making up 51.2% of total imports.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Bosnia and Herzegovina in kind, 2018-2021

Imports in value, K $ US

After two years of reduction, Bosnia and Herzegovina's imports of medical, surgical, dental, or veterinary furniture and parts in value terms increased in 2021. Imports totaled 2 893 thousand US dollars, rising by 68.5% from 2020. Over the 2018-2021 period, imports fell by 50.9%, with a compound annual decline of 21.1%. The lowest value was in 2020 at 1 717 thousand US dollars, which also experienced the largest drop of 51.6%.

Annual dynamics of product's imports to Bosnia and Herzegovina in value, 2018-2021, K $ US

During 2018-2021, Germany, Czechia, and Austria were the key markets for Bosnia and Herzegovina's imports of medical, surgical, dental, or veterinary furniture and parts in value terms, together accounting for 60.6% of total imports.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Bosnia and Herzegovina in value, 2018-2021