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The Medical Device Market: Romania
Espicom Business Intelligence Ltd, Sep 2009, Pages: 84
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
Romania is located in south-eastern Europe, bordering Hungary, Ukraine, Moldova, Bulgaria and Serbia. In 2009, the population is estimated at 21.5 million, making it one of the largest countries in the region. Romania became an EU member state in 2007.
Healthcare funding in Romania is largely through the National Health Insurance Fund. Healthcare provision is predominantly managed by the state, although the private health sector is starting to grow. Government health expenditure is very low, even by Eastern European standards. Romania spends around 5.7% of GDP on healthcare.
Improvements to the health system continue to be supported by World Bank-sponsored projects. The ‘Health Sector Reform Project APL II’, which was approved in December 2004 and will run until December 2009, aims to improve maternity and newborn care, emergency medical care and rural primary healthcare.
In 2009, the Romanian market for medical equipment and supplies is estimated at US$355 million, or US$17 per capita. It is expected that the device market will continue to expand at a rate of 7.9% per annum reaching US$520 million, or US$24 per capita by 2014.
Around 86% of the medical device market is supplied by imports. In 2007, Germany, Italy and the Netherlands were the leading suppliers, accounting for around 47% of imports. The value of imports rose by 80.1% in 2007 reaching US$382.8 million.
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