DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/337m7d/the_medical_device) has announced the addition of the "The Medical Device Market: Norway" report to their offering.
The size of the Norwegian medical device market is estimated to be US$1.0 billion in 2011, equal to US$211 per capita. The market is expected to grow by 2% per annum to reach US$1.2 billion by 2016, equal to US$227 per capita.
The population of Norway is estimated to be 5.0 million in 2011, with 15.4% of the total aged 65 years and over.
Due to the small scale of domestic production, any increases in market demand are likely to be met by imports. In 2011, imports were US$1,029.4 million, an increase of 9.3% over 2010, with a CAGR of 3.4% for the period between 2007 and 2011. There was a balance of trade deficit of US$711.1 million in 2011.
Norway has a stable, affluent economy but was nevertheless affected by the global economic downturn. Real GDP growth fell 1.4% in 2009, according to figures from the Economist Intelligence Unit, recovered in 2010 and is due to grow at 0.7% in 2011 and at 1-2% for the next few years. Growth is being driven by domestic demand. Norway has weathered the global financial storm remarkably well, and growth has already resumed after a comparatively mild recession.
Healthcare expenditure has continued its steady growth in recent years, increasing by 7.0% to reach NOK217.2 billion (US$38.5 billion) in 2008, with private expenditure accounting for around 16% of the total. Espicom estimates healthcare expenditure to be US$44.3 million in 2011.
PUBLICATION OVERVIEW
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.
Key Topics Covered
MARKET OUTLOOK
- Key national data projections
- Current market size
- Unique 5-year market projections
- Market outlook
- Market structure; Including statistical data on imports and exports;
- Market access; Including distribution and medical device regulation;
- Healthcare analysis; Including demographics, healthcare system, health expenditure, healthcare infrastructure and personnel
HEALTHCARE DATA
A comprehensive tabula review of the market, including economic indicators, demographics, health expenditure, hospital and primary care data, and healthcare personnel.
DISTRIBUTORS
Details of the medical equipment distributors held in Espicom's database at the time of publication.
Companies Mentioned
- Adimed
- Aku Med
- Didr. Mehn - Andersen
- Endomed
- Infiniti Medical
- Jahpron Medical
- Kir-Op
- Medeco
- Nerliens Meszansky
- Ortomedic
- Otto Preiss
- Rolf Davidsen Helseagenturer
- Scan-Med
- Scanex Medical Systems
- Alu Rehab
- Follo Industrier
- Handicare
- Hand-Pro
- Laerdal
- Luxo
- Medimec
- Metron
- Norgesplaster
- Normeca
- Scandinavian Mobility
- Snogg
- Vingmed
For more information visit http://www.researchandmarkets.com/research/337m7d/the_medical_device