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New Market Report: The Medical Device Market: Austria

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2013-09-03 11:02:24 - New Medical Devices market report from Espicom Business Intelligence: "The Medical Device Market: Austria"

Although a relatively small market, Austria has a high level of per capita spending on medical devices. The market for medical equipment and supplies is valued at US$2,527mn in 2013, equal to US$299 per capita.

Austria is a federal republic, comprising nine constituent federal states: Burgenland, Carinthia, Lower Austria, Salzburg, Styria, Tyrol, Upper Austria, Vienna and Vorarlberg. The supreme federal executive organs are the Federal President and the members of the Federal Government, headed by the Federal Chancellor. The Chancellor is Werner Faymann, the leader of the centre-left Social Democratic Party (SPO) which governs in a coalition with the conservative Austrian People's Party (OVP). The current President is Heinz Fischer, a former deputy of the

SPO. The next general elections are scheduled for Autumn 2013 with the SPO and the OVP expected to form another coalition government.

Full Report Details at
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The political situation in Austria remains fairly positive, thanks to the country having survived the global financial crisis and recession in relatively good shape. Indeed, Austria has one of the lowest unemployment rates in Europe, and is not burdened with the gaping fiscal deficit and sluggish growth outlook of many other eurozone states. However, rising support for eurosceptic and far-right political parties remains an omnipresent risk.

Austria has a stable, mature economy which is now emerging from the effects of the global economic downturn. GDP is forecast to increase by 0.9% to US$427.2mn in 2013. At US$50,603 in 2013, Austria's GDP per capita rate is one of the highest in the world.

Austria has a high level of per capita health spending, which exceeds US$5,000. Public funding accounts for over three-quarters of total healthcare expenditure. After peaking at 11.1% in 2009, health spending has been falling as a percentage of GDP year on year, reaching 10.7% in 2013.

In common with many other western European countries, Austria has an advanced healthcare system. There is an eagerness to be at the forefront of technological development; the purchasing of new equipment reflects this.

Healthcare provision remains a high government priority in Austria, but with an ageing population, cost containment continues to be of paramount importance.

Domestic production of medical devices tends to be small scale and specialist in nature. Many large multinationals have established offices in Austria in order to take advantage of the country's close proximity to the emerging markets of Central and Eastern Europe.

The medical market is heavily dependent on imports, which totalled US$1.9bn in 2012.

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


At no additional cost, all customers get access to Espicom Interactive. This advanced online service is easy-to-use and contains practical and valuable tools which will save you hours of time and effort.

Full text cross file searching with fast response or intuitive "drill down" into the content
Presentation-ready tables and graphics with "one click" output to other packages such as MS Excel and MS PowerPoint
View all tables and graphs independently from the text
Split screen for more efficient working
Instant machine translation into nine languages
A "Cut your own" report building feature
Pdf download

Evaluate the potential of the market
Assess risks and opportunities on the basis of knowledge
Profile the market for new product, licences or collaborations
Understand the operating and regulatory environment
Gain a complete picture on health expenditure and infrastructure
Review the competitive environment
Related Pages

The Medical Device Market United Kingdom

The Medical Device Market Belgium

About Espicom Business Intelligence

Espicom Business Intelligence is a highly-regarded and established provider of business intelligence services. Founded in 1982 as MDIS Publications Ltd, the company changed its name to Espicom in 1992. Initially a publisher in a wide range of industries such as power generation and telecommunications, they now focus on the global pharmaceutical and medical device sectors. View more research from Espicom Business Intelligence at

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