2013-09-05 16:38:35 - New Medical Devices research report from Espicom Business Intelligence is now available from Fast Market Research
OVERVIEW OF THE MEDICAL MARKET IN SPAIN
The economic crisis has had a direct effect on the public healthcare sector in terms of some quite severe spending cuts, as well as rising co-payments. Prior to the 2008 crisis, regional governments approved the construction of a number of public hospitals, without serious planning in some cases. Unsurprisingly, some of these projects have collapsed since then, as the budget allocated by the government to public healthcare has been reduced by EUR6.7bn (US$8.9bn) since 2010. The increase in the number of public hospitals has not been homogenous in all the regions, but has been mainly concentrated on four regions: Andalucia, Castilla La Mancha, Comunidad Valenciana and Madrid.
Medical device imports represent the largest part of
the market. In US dollar terms, they have experienced uneven growth in recent years due to exchange rate movements. Imports fell by 8.1% to US$3.6bn in the 12 months to March 2013, with a fall of 6.2% registered in the final quarter. All the import areas recorded falls in the annual cumulative period, led by patient aids and diagnostic imaging. Imports fell by 7.5% to US $3.7bn in 2012, following a small decline of 0.2% in 2011, a low rise of 0.9% in 2010 and a contraction of 7.6% in 2009. Between 2003 and 2008, imports recorded double-digit rises every year, except a high onedigit increase in 2008. Overall, imports recorded a negative 2007-2012 CAGR of 1.2%, ranging from 6.9% for patient aids to a negative 7.5% for diagnostic imaging.
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Spain has a strong medical device manufacturing sector, which is based around Madrid and Barcelona. Companies, however, tend to be small and concentrated at the low to medium technology end of the market. Major export categories include medical supplies, syringes, needles & catheters and X-ray equipment. Due to market stagnation and austerity-led measures, medical producers are concentrating efforts in export markets, as a way to counterbalance constrained sales in the internal market. In US dollar terms, exports grew by 11.9% in the 12 months to March 2013, reaching US$1.5bnn, with a lower increase of 8.5% registered in the final quarter. Orthopaedics & prosthetics recorded the highest growth, at 31.7%, followed by other medical devices (21.0%), patient aids (19.9%), dental products (19.2%), consumables (5.5%) and diagnostic imaging (2.5%).
PROVIDING STRATEGIC MARKET ANALYSIS EVERY MONTH
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
MAKING YOUR MARKET RESEARCH INVESTMENT WORK WITH POWERFUL ONLINE TOOLS
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.
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WITH THIS MARKET REPORT YOU CAN
Evaluate the potential of the market
Assess risks and opportunities on the basis of knowledge
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Understand the operating and regulatory environment
Gain a complete picture on health expenditure and infrastructure
Review the competitive environment
The Medical Device Market Portugal
The Medical Device Market Sweden
For more information please click on the link to Medical Market Reports
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 www.fastmr.com/catalog/publishers.aspx?pubid=1025
About Fast Market Research
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