• SELECT SITE CURRENCY
Select a currency for use throughout the site
An Introduction to Healthcare and Medical Device Markets in Poland
Frost & Sullivan, December 2006, Pages: 32
This Frost & Sullivan research service titled An Introduction to Healthcare and Medical Device Markets in Poland provides an overview of healthcare expenditures and revenues by sources of funding. It also includes a complete analysis of key market drivers, restraints and trends in the market. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: healthcare services and medical devices.
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
Increasing Foreign Direct Investments in Poland Fuel Market Growth
Membership of the World Trade Organization (WTO), organization for economic co-operation and development (OECD) and the European Union (EU) has made Poland lucrative for foreign investors. In the healthcare sector, there is growing interest in foreign investments and collaboration in the Polish pharmaceuticals and biotechnology market. The growth of foreign direct investment (FDI) has been favourable, with inflows rising from $4.10 billion in 2002, as well as 2003, to $6.20 billion in 2004. In the future as well, Poland is likely to witness steady economic growth, which will influence investments in the healthcare and medical device markets.
"The transfer of funds from the EU is expected to generate additional capital flow into the country," notes the analyst of this research service. "Accordingly, the Polish Government is likely to increase funds in certain targeted areas of the healthcare sector." Government initiatives to modernise and rationalise health care provision will further boost growth in the healthcare and medical device markets.
Expansion of the Private Healthcare Sector to Offer Significant Growth
Disease treatment patterns, the provision of healthcare and the availability of funds have been influenced by the accession of Poland to the EU in 2004. Consequently, Poland has become the country of choice for device manufacturers seeking to expand their operations in the newly emerging healthcare markets of Europe. The estimated size of the total medical device market in Poland in 2005 is pegged at $1,290.0 million and is expected to demonstrate continuous growth. In the future, increasing customer expectations are anticipated to drive healthcare institutions to invest in medical technology. In addition, the growth rate of the private healthcare sector is likely to stimulate demand for better quality products that are more expensive.
While the above trends augur well for growth, the markets are highly price-sensitive. The structural reform of the healthcare provision, which has reduced the spending power of healthcare authorities, combined with the strong Polish currency and increasing competition is resulting in price erosion. "Competition on the price platform allows low-cost product manufacturers, either local or from other east European and Asian countries to increase their presence in the markets," explains the analyst. "Hence, greater emphasis on after-sales service will become essential and distributors should offer services to satisfy end users. " Apart from this, internal government problems and red tapism often restrain the progress of the private healthcare market. Moreover, issues related to low reimbursement, which discourage investment in high-end medical equipment, will need to be overcome.
-1. An Introduction to Healthcare and the Medical Devices Market in Poland
--2. Research Scope and Methodology
---1. Research Scope and Methodology
--3. Introduction and Background
---1. Glossary and Abbreviations
---2. Poland: Country Overview
---3. Poland: Economic and Investment Overview
---4. Poland: Foreign Direct Investment
--4. Healthcare in Poland
---1. Poland: Healthcare Demographics
---2. Healthcare Infrastructure
--5. Medical Devices Market in Poland
---1. Medical Device Market and Key Challenges
---2. Market Drivers and Restraints
---3. SWOT Analysis for the Medical Device Market
---4. Overview of the Healthcare Industry
---5. Healthcare Purchasing Processes
---6. Use of Healthcare Services
---7. Poland: Future Trends
---8. Poland: Healthcare Organisations
--6. Decision Support Databases
---1. Decision Support Databases