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The Medical Device Market: Sweden
Espicom Business Intelligence Ltd, Sep 2009, Pages: 114
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
The medical device market in 2009 is estimated to be US$2,201 million, equal to US$237 per capita, and equivalent to 5.8% of total health expenditure, 0.8% of the world market or 0.6% of Sweden’s GDP.
The market is expected to increase at a CAGR of 12.5% per annum over the next few years, to be worth US$3,963 million by 2014.
However, Sweden is likely to be affected by the global economic downturn, with real GDP growth expected to fall to -3.5% in 2009, according to figures from the Economist Intelligence Unit, and beginning to recover in 2011 with a real growth of 1.3%, rising to 2.7% by 2014.
In common with many other Western European countries, Sweden has an advanced, publicly-funded healthcare system. There is an eagerness to be at the forefront of technological development; the purchasing of new equipment reflects this.
Medical device imports increased by 11.2% in 2008, amounting to US$2.1 billion. The CAGR in the period 2004-2008 was 12.2%. The largest import category was that of orthopaedic products, accounting for 33.7% of total imports in 2008.
Healthcare provision remains a high government priority in Sweden, but with a large ageing population, cost containment continues to be of paramount importance.
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