Free Research Report Download:
The Cancer Market Outlook To 2014
Free Pharmaceutical Market Research Reports
Biotechnology
Corporate & Fiscal
Drug Delivery
Health Products
Hospital Markets
Indication Areas
Medical Devices
Prescription Medicines
R&D
Custom Research
Pharmaceutical Events & Conferences
Contact
Terms & Conditions
Privacy
Home >
The Medical Device Market: Hungary
Management Report
Published: September 2009
Pages: 98
Tables: For full details, please email keithw@cmsinfo.com
From: GBP 595.00 Buy Now!
Research from: Espicom
Sector: Medical Devices
Espicom’s 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.
Hungary is a landlocked country in Central Europe. It is one of the ten countries that joined the EU in May 2004. Hungary managed to reduce its budget deficit from 10.1% of GDP in 2006 to around 5% of GDP in 2008. Pressure from the IMF to keep public finances in check will keep the budget deficit below 3% of GDP in 2009.
In 2007, the government implemented reforms that were aimed at drawing money into the health system and improving the quality of services. However, the new fees for visits to doctors and hospital stays were abolished in March 2008, following a referendum which saw over 80% of voters oppose the fees. The referendum results led to the sacking of the Liberal Health Minister and the withdrawal of the SZDSZ from the coalition government.
The National Health Insurance Fund Administration (NHIFA) runs the only health insurance fund in the country. It has branches at county level, to administer contracting and payments to local healthcare providers, but budgets are tightly controlled by central government. In February 2008, a new bill on health insurance was signed into law, which enabled private companies to buy shares in 22 new health funds. However, the legislation was repealed in May 2008 and the health funds are to be phased out.
In 2009, the Hungarian market for medical equipment and supplies is estimated at US$720 million, or US$73 per capita. It is expected that the device market will continue to expand at a CAGR of 6.2% per annum, reaching US$997 million by 2014, equal to US$99 per capita.
Around 52% of the medical device market is supplied by imports. Germany, the Netherlands and Austria were the leading suppliers in 2007, accounting for around 50% of imports. Consumables and orthopaedic products were the largest import categories in 2007.
In 2007, the government implemented reforms that were aimed at drawing money into the health system and improving the quality of services. However, the new fees for visits to doctors and hospital stays were abolished in March 2008, following a referendum which saw over 80% of voters oppose the fees. The referendum results led to the sacking of the Liberal Health Minister and the withdrawal of the SZDSZ from the coalition government.
The National Health Insurance Fund Administration (NHIFA) runs the only health insurance fund in the country. It has branches at county level, to administer contracting and payments to local healthcare providers, but budgets are tightly controlled by central government. In February 2008, a new bill on health insurance was signed into law, which enabled private companies to buy shares in 22 new health funds. However, the legislation was repealed in May 2008 and the health funds are to be phased out.
In 2009, the Hungarian market for medical equipment and supplies is estimated at US$720 million, or US$73 per capita. It is expected that the device market will continue to expand at a CAGR of 6.2% per annum, reaching US$997 million by 2014, equal to US$99 per capita.
Around 52% of the medical device market is supplied by imports. Germany, the Netherlands and Austria were the leading suppliers in 2007, accounting for around 50% of imports. Consumables and orthopaedic products were the largest import categories in 2007.