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Medical Devices Research: Country Reports on Market Profile, Competitive Environment and more at RnRMarketResearch.com
Date:2/11/2013

DALLAS, Feb. 11, 2013 /PRNewswire-iReach/ -- Priced $1295 each for a single user license, these regional medical device market research reports are available for following countries: Argentina, Belarus, Brazil, Colombia, Canada, Bangladesh, Croatia, Bulgaria, China, Australia, Austria, Chile, Cuba, Belgium, Czech Republic, Denmark, Egypt, Estonia, Finland, France, Germany, Greece, Hong Kong,  Hungary, India, Indonesia, Iran, Ireland, Israel, Italy, Japan, Jordan, Latvia, Lithuania, Malaysia, Mexico, Morocco, Netherlands, New Zealand, Norway, Oman, Pakistan, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Serbia, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, UAE, UK, Ukraine, USA, Venezuela and Vietnam. Order / Buy one or more of these and other medical devices industry reports @ http://www.rnrmarketresearch.com/publisher/Espicom-Limited.html.

These highly-regarded world medical technology and device market research reports provide enhanced strategic intelligence in a user-friendly format. Each report provides in-depth information, setting the medical equipment market in context. The reports provide unique projected estimates of market size and growth for 33 equipment categories as well as five year statistical data for key economic and healthcare indicators. Information on regulation, distribution and market access, including Espicom's unique distributor directory and detailed medical trade data as well as data on leading local/multinational medical equipment players in the market are also covered.

These country specific medical device industry reports help evaluate the potential of the market and assess risks and opportunities in each country on the basis of regional knowledge. These research studies help profile the medical equipment industry in concerned countries for new product, licenses or collaborations as well as understand the operating and regulatory environment of these countries. The objective is also to help gain a complete picture on health expenditure and infrastructure and review the competitive environment of these countries' medical devices sector.

Highlights for selected countries' medical device industry include:

Brazil has the second largest private health insurance sector in the Americas, after the USA. The expansion of the private health insurance sector in recent years has resulted in demand for better medical care and, in turn, further expenditure in medical equipment market of Brazil. The economic downturn has not affected hospital capital investments so severely. The public sector continues to be modernized and upgrade obsolete equipment, therefore there are sizeable market opportunities if prices are competitive.

In 2012, the Croatian market for medical equipment and supplies was estimated at US$218.3 million, or US$49 per capita. It is expected that the market will expand at a rate of 3.3% per annum, reaching US$257.3 million, or US$58 per capita by 2017. The government has aimed to bring the performance of the healthcare system into line with that of other EU member states through the National Health Strategy 2006-2011. The new National Healthcare Development Strategy 2012-2020 will expand health-related IT systems in the country and see a restructuring of the hospital sector. Around 92% of the medical device market is supplied by imports. Croatia has a small domestic production sector, supplying both the domestic market and other countries from the former Yugoslavia. In 2011, medical device imports increased by 11.4% to US$238.0 million.

The prospects for medical device spending in China are huge; the government's commitment will inevitably lead to spending on capital goods, most notably medical devices, equipment and furniture at an unprecedented rate in a relatively short space of time. For the 2012-17 period, the report estimates China medical device market growth to be in the region of 20.2% per year; one of the fastest growing markets in the world. High rates of growth are not uncommon in the Asian region, but on the back of a huge market size, China's growth is particularly pronounced.

In Australian medical device industry, while there are a few small high tech manufacturers, local production tends to concentrate on basic hospital supplies. The market is therefore predominantly supplied by imports. Imports are principally supplied by the USA, however, in August 2011, after months of negotiation, the Commonwealth Government signed an agreement with all States and Territories to formalise the National Health Reform plan. Designed to improve funding to hospitals and to reduce patient waiting times, the plan will see the Commonwealth Government invest at least A$16.4 billion (US$16.0 billion) in additional funding for public hospitals over the period 2014-15 to 2019-20.  The CG will match 45% of efficient growth funding from July 2014, and 50% of efficient growth from July 2017.

Explore more reports on the Medical Devices industry @ http://www.rnrmarketresearch.com/reports/life-sciences/medical-devices.

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