DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/b2a640/the_medical_device) has announced the addition of the "The Medical Device Market: Germany" report to their offering.
Germany is the third largest medical device market in the world, ranking behind the USA and Japan. In 2010, the German medical device market is estimated at US$17.5 billion, equal to US$214 per capita. Although in decline, the population of Germany still accounts for around 20% of the total population of Western Europe with an estimated 81.6 million inhabitants in 2011.
The recent recession has hit Germany in several ways. Not only did the German economy suffer an unprecedented contraction of 4.7% during 2009, but the downturn in other markets is a danger for the domestic production industry, which relies heavily on robust demand for its exports.
At over 11% of GDP, healthcare expenditure is at a high level but is increasingly constrained. The domestic market remains tight, with continued downward pressure on prices. Government funding of hospitals in recent years has remained static, therefore hospitals in the public sector are maintaining existing equipment rather than investing in new appliances. This has led to domestic producers becoming increasingly reliant on the export market.
Germany has a history of producing high quality medical equipment, with particular emphasis on diagnostic imaging, dental products and optical technologies. The country has a handful of large producers, headed by Siemens, B. Braun and Fresenius. Total production is estimated to be in the region of 20 billion euros. Despite a strong domestic manufacturing industry, imports, which totalled US$14.1 billion in 2009, supply around three-quarters of the medical market.
Following the re-election of Angela Merkel as Chancellor, Germany now has its first centre-right government in more than a decade. The new coalition government comprising the centre-right Christian Democratic Union and the liberal Free Democratic Party has committed itself to a healthcare reform programme that aims to rein in expenditure growth, whilst increasing financial resources through higher health insurance contributions.
Major healthcare reforms were introduced in January 2004 and in July 2007. One of the aims has been to increase competition between health insurers, which in turn is giving rise to a more competitive operating environment for suppliers of healthcare goods and services.
For more information visit http://www.researchandmarkets.com/research/b2a640/the_medical_device
Includes 3 quarterly updated outlook reports!
Please note: Report sections are periodically updated and some sections may have been updated more recently than the publication date given for the full report.
Key Topics Covered:
- Pharmaceutical Market Analysis
- Domestic Manufacturing
- Research-based Manufacturers
- Generic Manufacturers
- Exports
- Research & Development
- Pharmaceutical Regulatory Analysis
- Pricing & Reimbursement
- Pharmaceutical Distribution
- Healthcare Analysis
- List of Over 40 Tables
Companies Mentioned:
- Bundesverband Medizintechnologie e.V. (formerly Bundesfachverband Medizinprodukteindustrie e.V.)
- Zentral Verband der Elektrotechnischen Industrie e.V. (ZVEI)
- Spectaris
- B. Braun
- Carl Zeiss AG
- Drger Medical
- Fresenius
- Heraeus
- Maquet
- Siemens
- Lnder Institutions
For more information visit http://www.researchandmarkets.com/research/b2a640/the_medical_device
Source: Espicom Business Intelligence Ltd