Navigation Links
Northern Europe Medical Device Market Reports

NEW YORK, May 28, 2013 /PRNewswire/ -- announces that a new market research report is available in its catalogue:  Northern 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 reignin ever rising healthcare expenditure.

4 separate reports

Denmark Finland Norway Sweden

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: Northern 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. Western Europe Medical Device Market Reports
2. X-Change Corporation Launches Upgraded Version of Phytiva Website, As Company Targets Distribution of Phytiva Product Line in United States and Worldwide, Extracts and New Products in Europe
3. Cardica Completes Enrollment In European Clinical Trial For Surgical Cutting And Stapling Device
4. Emphasis on X-Ray Quality Spurs Adoption of Computed and Digital Radiography in Europe, Finds Frost & Sullivan
5. Life Care Medical Devices Ltd Announces Addition Of Dublin, Ireland Based European Subsidiary
6. The European Alcohol Addiction Market is Poised For a Treatment Paradigm Shift With the Launch of BioTie/Lundbecks Selincro
7. Demand for Hybrid Solutions to Spur European Interventional Radiology and Cardiology Markets, finds Frost & Sullivan
8. Fully Automated Diagnostic Device Receives CE Certification; IDx LLC Planning For Rollout Across Europe
9. Janssen and Johnson & Johnson to Provide Webcast Presentation of Simeprevir Phase 3 Clinical Data Presented at The International Liver Congress of the European Association for the Study of the Liver (EASL)
10. SynteractHCR Addressing Successful Ways to Approach Sponsor and CRO Collaboration at May Pharmaceutical Events in US and Europe
11. Bausch + Lomb distribuirá lentes trifocais difractivas e intraoculares tóricas da PhysIOL nos principais mercados asiáticos, europeus e do oriente médio
Post Your Comments:
(Date:6/24/2016)... , June 24, 2016 Dehaier Medical ... the "Company"), which develops, markets and sells medical devices ... , signed a strategic cooperation agreement with Hongyuan ... "Hongyuan Supply Chain") on June 20, 2016, to develop ... the strategic cooperation agreement, Dehaier will leverage Hongyuan Supply ...
(Date:6/24/2016)... Belgium , June 24, 2016 /PRNewswire/ ... announced the appointment of Dr. Edward Futcher ... a Non-Executive Director, effective June 23, 2016.Dr. Futcher ... and Nominations and Governance Committees.  As a non-executive ... provide independent expertise and strategic counsel to VolitionRx ...
(Date:6/23/2016)... 23, 2016 Research and Markets ... Market by Type (Organic Chemical (Sugar, Petrochemical, Glycerin), Inorganic ... Coating, Parenteral) - Global Forecast to 2021" report ... The global pharmaceutical excipients market is projected to ... of 6.1% in the forecast period 2016 to 2021. ...
Breaking Medicine Technology:
(Date:6/25/2016)... ... June 25, 2016 , ... On Friday, June 10, Van Mitchell, ... at Work award to iHire in recognition of their exemplary accomplishments in worksite health ... annual Maryland Workplace Health & Wellness Symposium at the BWI Marriott in Linthicum Heights. ...
(Date:6/24/2016)... ... June 24, 2016 , ... Those who have experienced traumatic ... many turn to unhealthy avenues, such as drug or alcohol abuse, as a coping ... released tools for healthy coping following a traumatic event. , Trauma sufferers tend to ...
(Date:6/24/2016)... ... June 24, 2016 , ... The Pulmonary ... Dallas that it will receive two significant new grants to support its work ... marked its 25th anniversary by recognizing patients, medical professionals and scientists for their ...
(Date:6/24/2016)... ... June 24, 2016 , ... Comfort Keepers® of San Diego, CA is ... Road To Recovery® program to drive cancer patients to and from their cancer treatments. ... the highest quality of life and ongoing independence. Getting to and from medical ...
(Date:6/24/2016)... ... June 24, 2016 , ... EB Medicine presented its first-ever ... Medicine conference in Ponte Vedra Beach, FL. The awards honor the outstanding work ... Practice and Pediatric Emergency Medicine Practice. , “With this award, we recognize ...
Breaking Medicine News(10 mins):