Abstract
The countries of central and eastern Europe represent a total market of 305
million people and a combined GDP of US$2.4 trillion in 2007. Each country
report provides a comprehensive analysis of the medical device market,
including five-year market forecasts. For each country you will receive 4
completely updated reports sent quarterly, plus comprehensive report sent
annually.
The region is composed of a diverse range of markets, all at different stages
of development. Many of the CEE markets exhibit fast growth rates, and the
region as a whole is expected to grow annually by 10.7%, to reach US$11.1
billion in 2012. Croatia, Poland, Bulgaria and Slovenia are experiencing the
highest growth rates, unlike the sluggish markets of Hungary and Russia.
The impact of EU accession on the medical device market
In May 2004, eight of the CEE markets in question joined the European Union.
In January 2007, Romania and Bulgaria also became full members of the EU. Much
of the medical device legislation within the region has therefore been
harmonised with that of the EU, although countries such as Poland are still in
the process of transposing EU directives into national law. The implementation
of GMP is also taking place across most of the region and the inevitable
improvement in the quality of overall production will lead to a rise in market
values.
Multinational interest expands markets
The streamlining of device registration across the region has made the CEE
markets more appealing to foreign firms. Increased multinational presence and
the acquisition of domestic companies will raise the profile of the markets
and encourage further migration into the region. Although multinationals tend
to produce devices within Central and Eastern Europe largely for export, the
products of companies partly-owned by foreign manufacturers are also destined
for local markets.
Modernisation of healthcare facilities and market growth
Most CEE countries are attempting to decentralise their healthcare systems and
are replacing ageing facilities and equipment. As a result, the value of
imports has risen in recent years, especially in Romania, where imports rose
by 40.0% between 2004 and 2005. Imports are likely to continue rising for the
foreseeable future throughout the region.
These quarterly updated reports analyse the issues
That is why Espicom Business Intelligence has published this new management
report collection:The Outlook for Medical Device Markets in Central & Eastern
Europe. Each report provides individual and highly-detailed analysis of each
market, looking at the key regulatory, political, economic and corporate
developments in the wider context of market structure, service and access. The
reports are available individually, or as a discounted collection, and prices
include 4 completely updated reports sent quarterly plus a comprehensive
background report sent annually.
12 Major Markets Covered!
- Belarus
- Bulgaria
- Croatia
- Czech Republic
- Hungary
- Poland
- Romania
- Russia
- Serbia
- Slovakia
- Slovenia
- Ukraine
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