Boston, MA -- (SBWire) -- 03/13/2013 --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.
Bulgaria is located in south-eastern Europe, bordering Romania, Serbia, Macedonia, Greece and Turkey and is one of the newest members of the EU, joining in January 2007, alongside Romania. The population of Bulgaria is estimated at 7.4 million in 2011, 18.2% of whom are aged 65 or over.
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Funding for healthcare in Bulgaria is principally through compulsory health insurance, operated by the National Health Insurance Fund. The role of the NHIF is to provide a basic package of health services for the whole population. The government is divided on whether to allow private companies to operate in the insurance sector. Private spending is currently almost entirely on an out-of-pocket basis.
In 2011, the Bulgarian market for medical equipment and supplies is estimated at US$174.5 million, or US$24 per capita. This is a marked reduction when compared with 2007 and 2008, largely due to lower spending on capital items. A slow but unspectacular recover should take the market to US$215 million by 2016.
There is some production and export of basic items, but the market is largely import-reliant. The overall level of imports has risen greatly in recent years, most notably in the wake of EU accession in 2007. Imports were hit hard by the global economic crisis and in the 12 months to June 2011, they fell by 4.7% to 118.6 million euros (US$162.7 million). Diagnostic imaging imports decreased by 29.8% but patient aids increased by 15.3%.
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New Market Study Published: The Medical Device Market: Bulgaria
New Medical Devices market report from Espicom Business Intelligence: "The Medical Device Market: Bulgaria"