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The Medical Device Market: Serbia

Serbia medical devices market: Latest market research analysed


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2014-03-21 18:40:04 - The Medical Device Market: Serbia - a new market research report on companiesandmarkets.com

Our 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.

Additional Information

The Republic of Serbia is located

 

 

in the south of Central Europe and has two autonomous provinces, Vojvodina in the north and Kosovo in the south. Kosovo declared its independence from Serbia in February 2008. Many EU members supported this move, but Serbia refuses to do so.

The Kosovo issue, and co-operation over alleged war criminals, clouds Serbias potential membership of the EU, although the country officially applied to join in December 2009. The government officially aims for membership between 2012 and 2015, but even the latter end of this timeframe currently appears unlikely.

The health system in Serbia is funded primarily by the Republican Health Insurance Fund (HIF). In theory, the insurance scheme provides universal coverage and reimburses a wide range of services. The generous packages in additional to non-payments by farmers and the self-employed have led to financial difficulties in the fund, however. The government is considering raising out-of pocket expenditure to reduce the deficit.

In 2011, the Serbian market for medical equipment and supplies is estimated at US$198.6 million, or US$27 per capita. The market shrank in 2009 and 2010, but is expected to resume steady growth of 7.5% in the 2011-16 period, reaching US$286 million, or US$40 per capita by 2016.

Around 92% of the medical device market is supplied by imports, due in part to the implementation of health reforms that increased the demand for new equipment. These are sourced primarily from the USA and western Europe. Imports fell substantially in 1999, as a result of the NATO aerial bombing and wider military operations. They gradually increased in value between 2000 and 2008.

New medical device legislation based on EU directives was introduced in September 2004. The regulations require manufacturers to update their facilities in accordance with GMP standards within five years, dating from the enforcement of the Law on Medicinal Products and Medical Devices.

Includes 3 quarterly updated outlook reports!

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Mike King
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