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The Outlook for Medical Devices in Western Europe

The countries of Western Europe represented a total market of over 401 million people and a combined GDP of US$16.4 trillion in 2007.The 11 main Western European markets for medical products and equipment are wealthy and mature. Is there any point in manufacturers trying to break into markets they are not already servicing, and, if yes, where' If they are already operating in the region, what are the prospects for growth and what operating environment will they face in the future'Valuable markets...News stories chronicle the pressures and problems facing governments trying to expand or maintain health provision in a costconstrained world. but one fact remains. The countries covered by this report represent a total medical device market value of US$58.3 billion in 2008. We forecast this figure will grow by US$24.1 billion over the next five years to US$82.4 billion! ...with cost pressuresAll health funders are experiencing difficulties in meeting the demands on modern health systems. Pressures arise from many quarters including:An ageing population needing longer and more intensive medical treatmentsUnplanned population increase due to an influx of immigration and migrant workersPatient and clinician demands for the latest equipment/servicesThese quarterly updated reports analyse the issues The Outlook for Medical Device Markets in Western 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 prices include 4 completely updated reports sent quarterly plus a comprehensive annual review.The developed and mature markets of Western Europe are committed to investing in the latest technologies and are still projected to grow, despite the economic downturn.Why invest in Western Europe'Three of the five largest medical device markets in the world are in Western Europe; Germany, France and the UK. Like all other sectors, the medical device markets will be impacted by the global economic recession in the short term. This is a danger for domestic manufacturing industries, especially in Germany, which rely on demand for exports of their products. The downturn will also lead to a strain on health spending. However, beyond the current recession the countries of western Europe are expected to return to growth with leading markets averaging CAGR of 5.4% to 2014.What factors are affecting medical device market growth'The mature and high value medical device markets in Western Europe are wealthy and developed. There is a tension between attempting to contain health costs and a desire to remain at the forefront of technological innovation, hospitals will need to invest in the provision of new medical equipment and technologies to maintain this high standard of care. In addition, healthcare services will need to become more efficient in order to cope with financial pressures and the needs of ageing populations. As part of this, there will be an increased demand for efficiencies, for example, medical devices that facilitate minimally invasive surgery, which can increase the number of operations performed in day surgery and ensure a faster turnaround of patients. Despite recessionary pressures, market growth rates over the coming years will be positive.A market within a marketThere has been a strong growth in imports across western Europe in recent years, and imports tend to account for around 80% of the market. Most importantly,trade between EU dominates the import market, and companies wanting to exploit the full potential of major European countries need to ensure an effective marketing and distribution network.Other factors affecting the market's growth potential including changes in the regulatory environment or government measures such as spending con

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The Outlook for Medical Devices in Western Europe

  1. 1. Find Industry reports, Company profilesReportLinker and Market Statistics >> Get this Report Now by email!The Outlook for Medical Devices in Western EuropePublished on October 2010 Report SummaryThe countries of Western Europe represented a total market of over 401 million people and a combined GDP of US$16.4 trillion in2007.The 11 main Western European markets for medical products and equipment are wealthy and mature. Is there any point inmanufacturers trying to break into markets they are not already servicing, and, if yes, where If they are already operating in theregion, what are the prospects for growth and what operating environment will they face in the futureValuable markets...News stories chronicle the pressures and problems facing governments trying to expand or maintain health provision in acostconstrained world. but one fact remains. The countries covered by this report represent a total medical device market value ofUS$58.3 billion in 2008. We forecast this figure will grow by US$24.1 billion over the next five years to US$82.4 billion!...with cost pressuresAll health funders are experiencing difficulties in meeting the demands on modern health systems. Pressures arise from manyquarters including:An ageing population needing longer and more intensive medical treatmentsUnplanned population increase due to an influx of immigration and migrant workersPatient and clinician demands for the latest equipment/servicesThese quarterly updated reports analyse the issuesThe Outlook for Medical Device Markets in Western Europe is published by Espicom Business Intelligence. Each report provides anindividual and highly-detailed analysis of each market, looking at the key regulatory, political, economic and corporate developmentsin the wider context of market structure, service and access. The reports are available individually or as a discounted collection, andprices include 4 completely updated reports sent quarterly plus a comprehensive annual review.The developed and mature markets of Western Europe are committed to investing in the latest technologies and are still projected togrow, despite the economic downturn.Why invest in Western EuropeThree of the five largest medical device markets in the world are in Western Europe; Germany, France and the UK. Like all othersectors, the medical device markets will be impacted by the global economic recession in the short term. This is a danger fordomestic manufacturing industries, especially in Germany, which rely on demand for exports of their products. The downturn will alsolead to a strain on health spending. However, beyond the current recession the countries of western Europe are expected to return togrowth with leading markets averaging CAGR of 5.4% to 2014.What factors are affecting medical device market growthThe mature and high value medical device markets in Western Europe are wealthy and developed. There is a tension betweenattempting to contain health costs and a desire to remain at the forefront of technological innovation, hospitals will need to invest inThe Outlook for Medical Devices in Western Europe Page 1/6
  2. 2. Find Industry reports, Company profilesReportLinker and Market Statisticsthe provision of new medical equipment and technologies to maintain this high standard of care.In addition, healthcare services will need to become more efficient in order to cope with financial pressures and the needs of ageingpopulations. As part of this, there will be an increased demand for efficiencies, for example, medical devices that facilitate minimallyinvasive surgery, which can increase the number of operations performed in day surgery and ensure a faster turnaround of patients.Despite recessionary pressures, market growth rates over the coming years will be positive.A market within a marketThere has been a strong growth in imports across western Europe in recent years, and imports tend to account for around 80% of themarket. Most importantly,trade between EU dominates the import market, and companies wanting to exploit the full potential of major European countries needto ensure an effective marketing and distribution network.Other factors affecting the markets growth potential including changes in the regulatory environment or government measures suchas spending controls on medical devices. The significant increase in the migratory population, along with an increasing and needypopulation of elderly people will see demand for medical devices and equipment maintained.Complete quarterly-updated analysis to keep you informedNow you can easily evaluate these markets with The Outlook for Medical Devices in Western Europe. Each report provides individualand highly-detailed analysis of the market, looking at the key regulatory, political, economic and corporate developments in the widercontext of market structure, service and accessAUSTRIAThe market for medical equipment is valued at US$2.3 billion in 2009, equal to US$271 per capita, and is forecast to grow by 4.9%over the next few years. Real GDP growth is expected to fall to -3.3% in 2009, rising to 0.2% in 2010 and 2.2% by 2014. Healthcareexpenditure has continued its steady growth in recent years, increasing by 4.4% to reach 27.5 billion (US$31.6 billion) in 2007, withprivate expenditure accounting for around 22.6% of the total. Of this, 1.8 billion (US$2.4 billion) was spent on pharmaceuticalproducts and medical durables and non-durables. Imports of medical equipment account for a large percentage of the market, andincreased by 14.9% in 2008, amounting to US$1.8 billion. The CAGR in the period between 2004 and 2008 was 10%. The largestimport category in 2008 was consumables, accounting for 24.3% of total imports. The balance of trade deficit increased to US$242.0million in 2008 from US$136.6 million in 2007. 78% of medical imports are provided from within the EU with Germany and TheNetherlands being the principal suppliers. Domestic production of medical devices tends to be small scale and specialist in nature.Many large multinationals have established offices in Austria in order to take advantage of the countrys close proximity to theemerging markets of Central and Eastern Europe.FRANCEThe market for medical equipment is valued at US$2.3 billion in 2009, equal to US$271 per capita, and is forecast to grow by 4.9%over the next few years. Real GDP growth is expected to fall to -3.3% in 2009, rising to 0.2% in 2010 and 2.2% by 2014. Healthcareexpenditure has continued its steady growth in recent years, increasing by 4.4% to reach 27.5 billion (US$31.6 billion) in 2007, withprivate expenditure accounting for around 22.6% of the total. Of this, 1.8 billion (US$2.4 billion) was spent on pharmaceuticalproducts and medical durables and non-durables. Imports of medical equipment account for a large percentage of the market, andincreased by 14.9% in 2008, amounting to US$1.8 billion. The CAGR in the period between 2004 and 2008 was 10%. The largestimport category in 2008 was consumables, accounting for 24.3% of total imports. The balance of trade deficit increased to US$242.0million in 2008 from US$136.6 million in 2007. 78% of medical imports are provided from within the EU with Germany and TheNetherlands being the principal suppliers. Domestic production of medical devices tends to be small scale and specialist in nature.The Outlook for Medical Devices in Western Europe Page 2/6
  3. 3. Find Industry reports, Company profilesReportLinker and Market StatisticsMany large multinationals have established offices in Austria in order to take advantage of the countrys close proximity to theemerging markets of Central and Eastern Europe.SPAINThe Spanish medical market ranks fifth in the EU-27 and eighth in the world. In 2009, it is estimated at US$4.9 billion, which is amarket size similar to that found in Canada. Per capita spending on medical equipment, equal to US$107, is on the low side for anEU-27 country. Much of the market, for high-end products especially, is centred in the main cities, particularly around Madrid andBarcelona. Approximately 82.8% of production is exported, equal to US$1.3 billion in 2007. Therefore, imports still represent themajority of the market, equal to 87.9%; imports were valued at US$4 billion in 2007. As a result, Spain has one the worlds largestbalance of trade deficits in medical devices, valued at US$2.7 billion in 2007. Consumables are the largest medical sector, followedby orthopaedic & implantable products, diagnostic imaging apparatus and dental products. Spain has a strong medical devicemanufacturing sector, which tends to be based around Madrid and Barcelona. Companies, however, tend to be small andconcentrated at the low to medium technology end of the market. Major export categories included medical supplies, syringes,needles & catheters and X-ray equipmentMore Information...11 Key Markets CoveredAustriaBelgiumFranceGermanyIrelandItalyNetherlandsPortugalSpainSwitzerlandUnited KingdomMARKET OUTLOOKKey national data projectionsCurrent market sizeUnique 5-year market projectionsMarket outlookMarket structureIncluding statistical data on imports and exportsMarket accessIncluding distribution and medical device regulationThe Outlook for Medical Devices in Western Europe Page 3/6
  4. 4. Find Industry reports, Company profilesReportLinker and Market StatisticsHealthcare analysisIncluding demographics, healthcare system, health expenditure, healthcare infrastructure and personnelHEALTHCARE DATAA comprehensive tabula review of the market, including economic indicators, demographics, health expenditure, hospital and primarycare data, and healthcare personnel.DISTRIBUTORSDetails of the medical equipment distributors held in Espicoms database at the time of publication.The Outlook for Medical Devices in Western Europe Page 4/6
  5. 5. Find Industry reports, Company profilesReportLinker and Market Statistics Fax Order Form To place an order via fax simply print this form, fill in the information below and fax the completed form to: Europe, Middle East and Africa : + 33 4 37 37 15 56 Asia, Oceania and America : + 1 (805) 617 17 93 If you have any questions please visit http://www.reportlinker.com/notify/contact Order Information Please verify that the product information is correct and select the format(s) you require. The Outlook for Medical Devices in Western Europe Product Formats Please select the product formats and the quantity you require. 1 User License--USD 3 117.19 Quantity: _____ Contact Information Please enter all the information below in BLOCK CAPITALS Title: Mr Mrs Dr Miss Ms Prof First Name: _____________________________ Last Name: __________________________________ Email Address: __________________________________________________________________________ Job Title: __________________________________________________________________________ Organization: __________________________________________________________________________ Address: __________________________________________________________________________ City: __________________________________________________________________________ Postal / Zip Code: __________________________________________________________________________ Country: __________________________________________________________________________ Phone Number: __________________________________________________________________________ Fax Number: __________________________________________________________________________The Outlook for Medical Devices in Western Europe Page 5/6
  6. 6. Find Industry reports, Company profilesReportLinker and Market Statistics Payment Information Please indicate the payment method, you would like to use by selecting the appropriate box. Payment by credit card Card Number: ______________________________________________ Expiry Date __________ / _________ CVV Number _____________________ Card Type (ex: Visa, Amex…) _________________________________ Payment by wire transfer Crédit Mutuel RIB : 10278 07314 00020257701 89 BIC : CMCIFR2A IBAN : FR76 1027 8073 1400 0202 5770 189 Payment by check UBIQUICK SAS 16 rue Grenette – 69002 LYON, FRANCE Customer signature:   Please note that by ordering from Reportlinker you are agreeing to our Terms and Conditions at http://www.reportlinker.com/index/terms Please fax this form to: Europe, Middle East and Africa : + 33 4 37 37 15 56 Asia, Oceania and America : + 1 (805) 617 17 93The Outlook for Medical Devices in Western Europe Page 6/6

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The countries of Western Europe represented a total market of over 401 million people and a combined GDP of US$16.4 trillion in 2007.The 11 main Western European markets for medical products and equipment are wealthy and mature. Is there any point in manufacturers trying to break into markets they are not already servicing, and, if yes, where' If they are already operating in the region, what are the prospects for growth and what operating environment will they face in the future'Valuable markets...News stories chronicle the pressures and problems facing governments trying to expand or maintain health provision in a costconstrained world. but one fact remains. The countries covered by this report represent a total medical device market value of US$58.3 billion in 2008. We forecast this figure will grow by US$24.1 billion over the next five years to US$82.4 billion! ...with cost pressuresAll health funders are experiencing difficulties in meeting the demands on modern health systems. Pressures arise from many quarters including:An ageing population needing longer and more intensive medical treatmentsUnplanned population increase due to an influx of immigration and migrant workersPatient and clinician demands for the latest equipment/servicesThese quarterly updated reports analyse the issues The Outlook for Medical Device Markets in Western 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 prices include 4 completely updated reports sent quarterly plus a comprehensive annual review.The developed and mature markets of Western Europe are committed to investing in the latest technologies and are still projected to grow, despite the economic downturn.Why invest in Western Europe'Three of the five largest medical device markets in the world are in Western Europe; Germany, France and the UK. Like all other sectors, the medical device markets will be impacted by the global economic recession in the short term. This is a danger for domestic manufacturing industries, especially in Germany, which rely on demand for exports of their products. The downturn will also lead to a strain on health spending. However, beyond the current recession the countries of western Europe are expected to return to growth with leading markets averaging CAGR of 5.4% to 2014.What factors are affecting medical device market growth'The mature and high value medical device markets in Western Europe are wealthy and developed. There is a tension between attempting to contain health costs and a desire to remain at the forefront of technological innovation, hospitals will need to invest in the provision of new medical equipment and technologies to maintain this high standard of care. In addition, healthcare services will need to become more efficient in order to cope with financial pressures and the needs of ageing populations. As part of this, there will be an increased demand for efficiencies, for example, medical devices that facilitate minimally invasive surgery, which can increase the number of operations performed in day surgery and ensure a faster turnaround of patients. Despite recessionary pressures, market growth rates over the coming years will be positive.A market within a marketThere has been a strong growth in imports across western Europe in recent years, and imports tend to account for around 80% of the market. Most importantly,trade between EU dominates the import market, and companies wanting to exploit the full potential of major European countries need to ensure an effective marketing and distribution network.Other factors affecting the market's growth potential including changes in the regulatory environment or government measures such as spending con

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