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The Medical Device Market: Bulgaria
Espicom Business Intelligence Ltd, Sep 2009, Pages: 86
This in-depth medical device market report is ideal for executives wanting to understand the key drivers in medical markets and have access to a wealth of statistical data. Each report opens with an outlook section that provides analysis of the market, 5-year market forecasts, national data projections, market outlook and key developments such as regulation, health facilities and government policy. The report also provides extensive background information, population trends, health status, health expenditure, organisation & administration, hospital services, medical personnel, healthcare development, market access information, trade data and essential industry contacts. Included with the report are 3 free quarterly updated outlook reports, enabling you to keep up to date with market developments for a year.
Executive Summary
Bulgaria is located in south-eastern Europe, bordering Romania, Serbia, Macedonia, Greece and Turkey and is one of the newest members of the EU, joining in January 2007, alongside Romania. The population of Bulgaria is estimated at 7.5 million in 2009, over 17% of which is aged 65 or over.
Funding for healthcare in Bulgaria is principally through compulsory health insurance, operated by the National Health Insurance Fund. The role of the NHIF is to provide a basic package of health services for the whole population. The government is divided on whether to allow private companies to operate in the insurance sector. Two of the three coalition parties support the idea of removing the NHIF’s monopoly, unlike the senior partner, the Bulgarian Socialist Party.
In 2009, the Bulgarian market for medical equipment and supplies is estimated at US$230 million, or US$31 per capita. It is expected that the device market will continue to expand at a rate of 12.4% per annum, reaching US$411 million, equal to US$57 per capita by 2014.
Around three quarters of the medical device market is supplied by imports. Germany, China and Italy were the leading suppliers in 2007, accounting for over 35% of imports. The value of imports increased by 33.7% between 2006 and 2007.
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