Navigation Links
Northen Europe Medical Device Market Reports

NEW YORK, Sept. 2, 2013 /PRNewswire/ -- announces that a new market research report is available in its catalogue:

Northen Europe Medical Device Market Reports

The Northern European countries are projected to represent a combined medical device market value of US$8.7 billion by 2017
The seven Northern European medical device markets are diverse, from the stable well-developed markets of Scandinavia to the less well-funded healthcare systems of the Baltic States. The Eurozone crisis is affecting these markets but opportunities still exist. Healthcare provision remains a high priority for governments in the region and countries such as Sweden are keen to be at the forefront of technological development.

Highlights from the Region

The size of the Danish medical device market was estimated at US$1,615 million in 2012, equal to US$288 per capita. The market is expected to expand by a CAGR of 5.9% until 2017, reaching US$2,151 million, or US$377 per capita. Denmark has a stable political system and a prosperous economy. However, it was affected by the global economic downturn, with two consecutive years of negative GDP growth (-0.8% in 2008 and -5.8% in 2009) before GDP recovered in 2010 (1.3%). A further contraction was seen in 2012, due to the country's high degree of trade with Eurozone members and the currency peg to the euro. Real GDP growth of 1.2% is forecast for 2013, and the economy is expected to grow by an average 1.9% per annum between 2014 and 2018. The latest trade data for Danish medical device equipment showed that in 2011, imports increased by 12.7% to US$1.7 billion, whilst exports rose by 14.2% to US$3.0 billion. Denmark maintained its positive balance of trade.

Finland is one of the northernmost countries in Europe and covers around 338,000km2, of which 10% is water. The population is estimated at 5.4 million in 2012.
The Finnish market for medical devices is predicted to increase by 5.2% per annum to attain a value of US$1,356.5 million by 2017. The current market size is estimated to be US$1,054.2 million, equal to US$196 per capita.
For 2011, imports totalled US$902.2 million and exports US$1,469.5 million, maintaining Finland's positive balance of trade. Exports of dental products, the largest category, were up 12.8% to US$355.8 million. Dental X-ray apparatus, a particular strength, increased 14.2% to US$225.3 million.

The size of the Norwegian medical device market was estimated to be US$1.1 billion in 2012, equal to US$229 per capita. The market is expected to grow by a CAGR of 3.9% to reach US$1.4 billion by 2017, equal to US$270 per capita. Due to the small scale of domestic production, any increases in market demand are likely to be met by imports. In 2011, imports increased by 9.3% to US$1,029.4 million. Norway has a stable, affluent economy but was nevertheless affected by the global economic downturn. Real GDP fell by 1.7% in 2009, according to figures from BMI, but it recovered in 2010 and is due to grow at an average 2.3% per annum between 2013 and 2017. Healthcare expenditure has continued its steady growth in recent years, increasing by a 2006-11 CAGR of 8.8% to reach US$4.4 billion, with private expenditure accounting for around 16% of the total.

The medical device market in 2012 is estimated to be US$2.5 billion, equal to US$265 per capita, and equivalent to 5.0% of total health expenditure, 0.8% of the world market and 0.5% of Sweden's GDP. The market is expected to increase at a CAGR of 4.6% per annum over the forecast period, to be worth US$3.2 billion by 2017.
Having recovered from a deep recession in 2009, the Swedish economy is once again stalling. BMI has revised its real GDP growth forecasts down to 1.2% in 2013 (from 2.0%), and to 2.6% in 2014 (from 3.8%).
Sweden is faced with one of the largest elderly populations proportionally in the world. Healthcare provision remains a high government priority. Consequently, the government is heavily promoting preventative care in an effort to reign in ever rising healthcare expenditure.

4 separate reports


These Quarterly Updated Reports Analyse the Issues

Northern Europe Medical Device Markets is published by Espicom. 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 includes 4 completely updated reports sent quarterly and details of local medical equipment distributors.

To order this report:
Medical_Devices Industry: Northen Europe Medical Device Market Reports

Contact Clare:
US:(339) 368 6001
Intl:+1 339 368 6001


SOURCE Reportlinker
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Boston Scientific Announces CE Mark and European Launch of Emerge™ PTCA Dilatation Catheter
2. EORNA Spearheads Harmonisation of Nursing Education Standards Beyond Europe
3. Anlit to Present New Dietary Supplements for Children at Vitafoods Europe 2012
4. BONESUPPORT Receives Red Herring 2012 Top 100 Europe Award
5. Biodels Intellectual Property Position Strengthened for Ultra-Rapid-Acting Insulin Programs by Notice of Intent to Grant from European Patent Office
6. Marken Acquires European Kit Building Operation From LabCorp Clinical Trials
7. Blood Disorders: European Hematologists Gather in Amsterdam, June 14-17, 2012
8. Mylan Launches Generic Lipitor® in Five European Countries
9. European Thrombosis Therapeutics Market is Experiencing an Urgent Need for Enhanced Products, Says Frost & Sullivan
10. Bristol-Myers Squibb to Present New Data on ORENCIA(R)? (abatacept) at the European League Against Rheumatism (EULAR) 2012 Congress
11. Veeva Systems Announces Dramatic Growth in Europe
Post Your Comments:
(Date:11/26/2015)... Nov. 26, 2015 Research and Markets ... the "2016 Future Horizons and Growth Strategies ... Supplier Shares, Country Segment Forecasts, Competitive Intelligence, Emerging ... --> --> This ... the Italian therapeutic drug monitoring market, including emerging ...
(Date:11/25/2015)... , Nov. 25, 2015  Amgen (NASDAQ: AMGN ... Application (BLA) with the United States ... 501, a biosimilar candidate to Humira ® (adalimumab). ... application submitted to the FDA and represents Amgen,s first ... Sean E. Harper , M.D., executive vice president of ...
(Date:11/25/2015)... Nov. 25, 2015  ARKRAY USA ... to provide evidence demonstrating the accuracy of its blood ... on Insulin Resistance, Diabetes and Cardiovascular Disease in ... the Company,s GLUCOCARD ® 01 meter and the ... requirements. The ability to accurately measure glucose levels in ...
Breaking Medicine Technology:
(Date:11/28/2015)... ... , ... Safe storage for contraceptive devices may not always be easy to ... and the other from Bradley Beach, New Jersey, there is an easy solution to ... to replace NuvaRings more often than necessary. As such, it affords peace of mind ...
(Date:11/27/2015)... ... November 28, 2015 , ... There is only one major question facing ... last year? , This question has not been an easy question to answer. Especially ... age and the younger workforce don’t share the same discipline around working long hours. ...
(Date:11/27/2015)... ... 27, 2015 , ... The rapid speed at which Americans ... more care is needed, especially with Alzheimer’s, dementia and other cognitive conditions becoming ... The forgotten part of this equation: 80 percent of medical care occurs in ...
(Date:11/27/2015)... ... 27, 2015 , ... Lizzie’s Lice Pickers just announced a special promotion that ... of their purchase of lice treatment product. In addition, customers will receive a complimentary ... spokesperson. “Finding lice is a sure way to ruin the holidays, so we encourage ...
(Date:11/27/2015)... , ... November 27, 2015 , ... ... of progress through sharing, the 2016 Building Better Radiology Marketing Programs ... will begin on Sunday, March 6, 2016, at Caesars Palace in Las Vegas ...
Breaking Medicine News(10 mins):