The Medical Device Market: Serbia

Abstract

Around 90% of the Serbian medical device market is supplied by imports, due in part to the implementation of health reforms that increased the demand for new equipment. This report is ideal for executives wanting to understand the key drivers in the medical market and have access to a wealth of statistical data, including five-year market projections. Included with the report are 3 free quarterly updated outlook reports, enabling you to keep up to date with market developments for a year

Includes 3 quarterly updated outlook reports!

Serbia has overcome many of the political and economic problems it faced following the break-up of the former Yugoslavia. Although challenges still exist for the Serbian government, a number of developments have assisted Serbia in strengthening its economy and political stability. The government is Western-leaning and actively seeking membership of the EU, NATO and the World Trade Organisation.

The healthcare system however, remains in a poor condition. It is over-resourced in terms of medical personnel and much of its equipment is outdated. Nevertheless, improvements are gradually taking place with foreign investment, such as loans from the European Agency for Reconstruction, helping to refurbish or develop new health centres. 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. The private healthcare sector is slowly expanding, although currently it only serves a wealthy minority

In 2006, the Serbian market for medical equipment and supplies is estimated at US$157 million, or US$15 per capita. It is expected that the device market will continue to expand at a rate of 15.7% per annum. Around 90% 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. Most imports are sourced from Germany and Italy, which accounted for over 40% of imports in 2004. Imports fell substantially in 1999, as a result of the NATO aerial bombing and propaganda campaign. They have gradually increased in value since 2000. 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

Highly detailed report content

MARKET OUTLOOK

• Current market size
• Unique 5-year market projections
• Market outlook
• Market structure
  • Includes data on imports and exports for raw materials and finished products
• Market developments
  • Covering recent and impending developments with respect to key issues such as regulation, health facilities and government policy
• Key national data projections

BACKGROUND DATA

• Population data, including growth trends and age structure
• Demographic indicators detailing principal causes of death and morbidity

HEALTHCARE SYSTEM

• Health expenditure
• Hospital services
  • Hospital data such as beds by type, specialty, patient admissions and occupancy
• Outpatient care
• Medical personnel
  • Data on healthcare professionals covering such areas as doctors by specialty, nursing staff and dentists ACCESSING THE MEDICAL MARKET

ACCESSING THE MEDICAL MARKET

• Regulatory environment
• Distribution guide and trade fair information
• Domestic production

CONTACT DETAILS

For healthcare organisations