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The Medical Device Market: Italy
Espicom Business Intelligence Ltd, Dec 2008, Pages: 142
Italy has the fourth largest economy in Europe, although there are sharp regional differences with the wealthier industrial north having a much higher standard of living than the more rural south. Globally, the medical device market ranks among the top ten in terms of overall size, but has a much lower ranking in terms of per capita spending. The market is expected to show only moderate growth over the coming five years as the country struggles to cope with rising health deficits and low, initially negative, economic growth.
Italy’s healthcare system was recently rated as the second best in the world by the World Health Organisation. However, the national health service, which is the dominant provider of care, is struggling to cope with rising costs, long waiting lists and poor management systems. A system whereby the regions are responsible for health service delivery, whilst central government remains responsible for the distribution of funds has resulted in mounting deficits in certain areas of the country. Despite efforts to ensure equal access to health services, regional inequalities persist in the level of health service provision with hospitals in the north attracting patients from less developed regions in the south. The rapidly ageing population is already putting extra pressure on existing resources, particularly as services to cater for the elderly and the dependent are under-developed.
Italy is currently in an economic recession, which is expected to last throughout much of 2009. GDP is expected to contract by 0.4% in real terms in 2008 and by a further 1.0% in 2009.
These in-depth medical device market reports are 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.
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