Research and Markets (http://www.researchandmarkets.com/research/a85600/the_outlook_for_me) has announced the addition of the "The Outlook for Medical Devices in Western Europe" report to their offering.
The 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 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 pressures. All 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 treatments
- Unplanned population increase due to an influx of immigration and migrant workers
- Patient and clinician demands for the latest equipment/services
Executive Summary
Highlights from the region:
GERMANY Germany is the third largest medical device market in the world, accounting for 6.9% of the world market ranking behind the USA and Japan. In 2008, the German medical device market was estimated at US$12.4 billion, equal to US$150 per capita.
The domestic production of medical equipment has continued to expand but at a slower rate. Production increased by 12% in 2001, by 2005 this rate has slowed to 3.8%. The proportion of domestic production that has been exported has remained relatively constant; in 2001, 81.9% was exported, 77.9% in 2003 and approximately 85% in 2004 and 2005. Between 2002 and 2006 the value of medical device exports increased by a CAGR of 17.8%, with shipments totalling US$17.8 billion.
FRANCE France is the world's fourth largest medical device market. The continuing deficit of the national health insurance funds, which finance the majority of health expenditure, has prompted a series of reform programmes for the health sector, the latest of which has been launched by President Sarkozy. New measures have recently been taken to control spending on medical devices, similar to those already in force for pharmaceuticals. For this reason, the medical market is only likely to see moderate growth over the next few years.