Summary
Espicom's 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.
Denmark has a well developed healthcare system and is continuously striving for increased efficiency in the hospital sector. As such, demand for high quality, low cost disposables remains high. There are few new hospital developments yet many hospitals operate a system of continual refurbishment which entails that there is continual high-volume purchasing without a single period of 'one-off' capital purchases.
The size of the Danish medical device market is estimated to be US$961.0 million in 2008, equal to US$176 per capita. Many imports are used in the assembly of medical devices, which are then exported. The market is expected to expand by 8.9% over the next few years to reach US$1,486 million by 2013, equal to US$270 per capita.
There are many domestic device manufacturers, some of whom have a global presence. This has resulted in a balance of trade surplus for many years. In 2006, this amounted to US$939.2 million. Imports and exports have seen strong growth since 2000; imports increased by a CAGR of 17.3% in the period 2002-2006, exports increased by a CAGR of 15.4% in the same period. Denmark's domestic manufacturers are mainly in the fields of diagnostics and orthopaedic & prosthetic appliances, especially hearing aids.
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