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The Medical Device Market: Italy
Espicom Business Intelligence Ltd, Sep 2009, Pages: 144
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
Situated in southern Europe, the Italian mainland is made up of a northern section bordered by the southern Alps and a 500-mile peninsula stretching southwards into the Mediterranean Sea. Italy also comprises a number of islands in the Mediterranean, including Sardinia and Sicily.
The provision of healthcare in Italy, in common with other western European countries, is advanced, with universal access. Being initially based on the NHS-model of the UK, the Italian health service is also facing similar scenarios, most notably efforts to restrain rising costs.
The Ministry of Health has embarked on a programme of large-scale investment in the health service. Investment is being linked to certain standards within healthcare provision; in particular is the new focus on preventative care. With the increased levels of investment it is also hoped that there will be parity in provision throughout the regions and that by linking investment to certain standards, disparity will be removed.
The market for medical equipment and supplies is valued at US$8.0 billion in 2009, equal to US$134 per capita. Market growth is low with Italy expected to be one of Europe’s slowest growing medical markets over the next five years.
Long payment delays have long been a feature of supplying to the public hospital market. However, in recent months there have been signs of improvement as a result of efforts to implement healthcare deficit recovery plans in the worst offending regions.
Italy has a sizeable medical manufacturing industry with a turnover in the region of US$5.0 billion.
Despite a strong industrial presence in certain sectors, the overall medical device market remains reliant on imported goods, the value of which reached US$5.6 billion in 2007.
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