The Outlook for Medical Devices in Northern Europe 2011

The Outlook for Medical Devices in Northern Europe 2011 : These quarterly updated reports analyse the issues The Outlook for Medical Device Markets in Northern Europe is published by Espicom Business Intelligence. Each report provides an individual and highly-detailed analysis of each market, looking at the key regulatory, political, economic and corporate developments in the wider context of market structure, service and access. The reports are available individually or as a discounted collection, and the price include 4 completely updated reports sent quarterly plus a comprehensive tabula review of healthcare data and details of local medical equipment distributors.

Highlights from the region:

DENMARK The size of the Danish medical device market is estimated to be US$2,161 million in 2009, equal to US$394 per capita. The market is expected to expand by 11.6% over the next few years to reach US$3,738 million by 2014, equal to US$671 per capita. Denmark has a stable political system and a stable economy. However, Denmark is likely to be affected by the global economic downturn, with GDP real growth expected to fall to -3.5% in 2009, according to figures from the Economist Intelligence Unit, and gradually rising to reach a real growth of 2.0% in 2014. Healthcare expenditure has continued its steady growth in the past few years, increasing by 7.1% to reach DKK118.3 billion (US$21.7 billion) in 2007, with private expenditure accounting for around 16% of the total.

LITHUANIA Funding for healthcare in Lithuania is principally through the Compulsory Health Insurance Fund. Compulsory insurance came into force in 1997, following a delay in its implementation. It should provide free basic treatment to the insured population, but unofficial payments still occur, to cover the cost of pharmaceuticals and staff wages. Private expenditure has increased in recent years and is equal to around one-third of total spending in 2008.

NORWAY Norway has a stable, affluent economy but will nevertheless be affected by the global economic downturn. However, Norway's economy is expected to recover much sooner than other Nordic countries. The size of the Norwegian medical device market is estimated to be US$1.1 billion in 2009, equal to US$233 per capita. The market is expected to grow by 8.4% per annum to reach US$1.7 billion by 2014, equal to US$340 per capita. The population of Norway is estimated to be 4.8 million in 2009, with 14.8% of the total aged 65 years and over.

ESTONIA The Estonian healthcare system is currently being transformed from a state-controlled, hospital-based system to a decentralised, Western European-style model. The healthcare sector has been undergoing extensive restructuring since 2000 when the government announced its major reform plan, the Estonia Health Project 2015. Hospital and related bed numbers are gradually decreasing, as closures take place and the focus shifts towards primary care. Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today

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