2013-02-16 15:48:18 - Fast Market Research recommends "The Medical Device Market: Norway" from Espicom Business Intelligence, now available
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 size of the Norwegian medical
device market is estimated to be US$1.1 billion in 2012, equal to US$229 per capita. The market is expected to grow by 3.9% per annum to reach US$1.4 billion by 2017, equal to US$270 per capita.
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The population of Norway is estimated to be 5.0 million in 2012, with 15.9% of the total aged 65 years and over.
Due to the small scale of domestic production, any increases in market demand are likely to be met by imports. In 2011, imports were US$1,029.4 million, an increase of 9.3% over 2010, with a CAGR of 3.4% for the period between 2007 and 2011. There was a balance of trade deficit of US$711.1 million in 2011.
Norway has a stable, affluent economy but was nevertheless affected by the global economic downturn. Real GDP growth fell 1.4% in 2009, according to figures from the Economist Intelligence Unit, recovered in 2010 and is due to grow at 2-2.6% for the next few years. Growth is being driven by domestic demand. Norway has weathered the global financial storm remarkably well, and growth has already resumed after a comparatively mild recession.
Healthcare expenditure has continued its steady growth in recent years, increasing by 7.0% to reach NOK217.2 billion (US$38.5 billion) in 2008, with private expenditure accounting for around 16% of the total. Espicom estimates healthcare expenditure to be US$44.5 million in 2011.
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Espicom's 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
Five year statistical data for key economic and healthcare indicators
Information on regulation, distribution and market access, including Espicom’s unique distributor directory
Detailed Medical trade data
Data on leading local/multinational medical equipment players in the market
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