The Outlook for Medical Devices in Northern Europe

Date: October 22, 2010
US$ 3,490.00
Publisher: Espicom Business Intelligence
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)

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The Outlook for Medical Devices in Northern Europe
7 separate reports

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

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.

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 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.

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.

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7 Key Markets Covered

- Denmark
- Estonia
- Finland
- Latvia
- Lithuania
- Norway
- Sweden


Key national data projections
Current market size
Unique 5-year market projections
Market outlook
Market structure

Including statistical data on imports and exports

Market access

Including distribution and medical device regulation

Healthcare analysis

Including demographics, healthcare system, health expenditure, healthcare infrastructure and personnel


A comprehensive tabula review of the market, including economic indicators, demographics, health expenditure, hospital and primary care data, and healthcare personnel.

Details of the medical equipment distributors held in Espicom’s database at the time of publication.
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