The Medical Device Market: Hungary

Abstract

Medical equipment exports have risen rapidly over the past few years as the demand for Hungarian products has increased within Western Europe and beyond. 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.

Hungary is one of the most dynamic economies in the former Soviet bloc. A relatively liberal regime throughout the 1980s meant that Hungary has been at the forefront of the economic and political reforms which have swept Eastern Europe since 1989. The country was among the first Eastern European countries to join the European Union in May 2004.

Medical equipment exports have risen rapidly over the past few years as the demand for Hungarian products has increased within Western Europe and beyond. This has been to the detriment of former trading partners in Eastern Europe. Imports from Western Europe have also increased, to the detriment of Eastern European suppliers.

All imported products are required to go through a local distributor, usually one which has been approved by the Institute for Medical and Hospital Engineering (ORKI). This is by far the best method, since local distributors can handle the product approval process while making initial marketing arrangements. There are now a large number of small distributors in operation, although it is reportedly best to select one which has been in existence for several years.

One of the key features of Eastern European health systems after the revolution was the sudden freedom enjoyed by hospitals to make their own purchases, after decades of central planning. This initially led to chaos, as hospitals made uncoordinated and often ill-advised purchasing decisions. In Hungary, hospitals still have a free hand to make purchases of recurrent supplies, as long as they remain within their budgets. For larger items, known as investment spending, any expenditure must be authorised by the owner of the particular hospital. This is usually local government, although for larger facilities it will be the central government.

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
  • 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
  • Expenditure by source of funding and type
• 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

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

CONTACT DETAILS

• For healthcare organisations and trade associations.

ACCESSING THE MEDICAL MARKET

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

CONTACT DETAILS

For healthcare organisations and trade associations.

Compelling reasons to buy this Espicom market report

Espicom is a leading provider of market and company information for business. In addition to this analysis, Espicom provides detailed management reports on over 70 established and emerging medical markets around the world.

• Includes - FREE - three quarterly updated outlook reports on the Hungarian medical device market
• Unique and original market forecasts
• Insightful interpretation of market trends and developments
• Over 25 years continuous medical device and equipment market experience
• A team of full-time researchers and analysts
• Unbeatable access to primary sources
• Independent and impartial
• Formats to suit every distribution need and budget