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The Medical Device Market: Slovakia
Management Report
Published: September 2009
Pages: 78
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.
The Slovak Republic is geographically well-placed in central Europe, bordering the Czech Republic, Poland, Ukraine, Hungary and Austria. The capital is Bratislava. The population is estimated at 5.5 million in 2009 and is ageing at a steady rate, in common with other European countries. Slovakia joined the EU in May 2004 and adopted the euro as its currency in January 2009.
Funding for healthcare in Slovakia is principally through the health insurance system. The Slovak healthcare system is still very much in the public sector, although the majority of pharmacies and health spas are now privately-owned. Slovakia spends around 7.0% of GDP on healthcare.
In 2009, the Slovak market for medical equipment and supplies is estimated at US$455 million, or US$83 per capita. It is expected that the device market will continue to expand at a rate of 8.9% per annum, to be valued at US$697 million, or US$129 per capita by 2014.
Around 65% of the medical device market is supplied by imports. Germany, the USA and Switzerland were the leading suppliers in 2007, accounting for almost 40% of imports. Imports have recovered well since the economic slump of the late 1990s.
Funding for healthcare in Slovakia is principally through the health insurance system. The Slovak healthcare system is still very much in the public sector, although the majority of pharmacies and health spas are now privately-owned. Slovakia spends around 7.0% of GDP on healthcare.
In 2009, the Slovak market for medical equipment and supplies is estimated at US$455 million, or US$83 per capita. It is expected that the device market will continue to expand at a rate of 8.9% per annum, to be valued at US$697 million, or US$129 per capita by 2014.
Around 65% of the medical device market is supplied by imports. Germany, the USA and Switzerland were the leading suppliers in 2007, accounting for almost 40% of imports. Imports have recovered well since the economic slump of the late 1990s.