Lewes, DE -- (SBWIRE) -- 10/26/2015 -- The Austrian medical device market is well established, with above average per capita spending at just under USD300. We anticipate that the market will see below average growth within the Western Europe region. In keeping with most developed markets, the main growth drivers in the Austrian market are the increasing health needs of the ageing population and the search for new technologies to improve patient outcomes and increase health service efficiency.

Headline Industry Forecasts
We forecast that the market will grow at a US dollar 2014-2019 CAGR of 2.4%, which will see the market increase from USD2,307.4mn in 2014 to USD2,598.8mn in 2019. The lower dollar growth rate reflects a weak euro, which is on course to depreciate by around 20% against the US dollar in 2015, with a further 3% depreciation forecast for 2016. This will translate into a 15.3% contraction in the US dollar value of the market in 2015, followed by a return to low growth in 2016 and higher growth from 2017 to 2019.

For more information on this report, please visit- http://www.marketresearchreports.com/business-monitor-international/austria-medical-devices-report-q4-2015

Canada has a sophisticated and well established medical device market which ranks ninth in the world in terms of value. The market is expected to grow at a CAGR of 4.0% over the 2014-2019 period. This steady growth should see the balance of trade deficit widen owing to Canada's reliance upon imports.

Headline Industry Forecasts
In 2014, the Canadian medical device was estimated at USD6,719.6mn, equal to per capita spending of USD189. This represents 3.5% of total health expenditure. Exchange rate fluctuations are giving a mixed picture of market performance, with growth measured in local currency in 2013 and 2014 and projected growth in 2015, contrasting with declines in US dollar terms.

For more information on this report, please visit- http://www.marketresearchreports.com/business-monitor-international/canada-medical-devices-report-q4-2015

The medical device market is small but per capita expenditure ranks highest in Latin America. We forecast a high single-digit 2014-2019 CAGR in US dollar terms, fuelled by public hospital modernisation. The market will remain reliant on imports as production is limited. Chile has generally avoided regional full membership in trading blocs such as MERCOSUR or CAN, preferring bilateral agreements such as its FTA with the USA, which will continue to shape market trends.

Headline Industry Forecasts
Market growth will remain positive, boosted by substantial investment programmes in the public health sector. We forecast a 2014-2019 CAGR of 7.8% in US dollar terms, ranging from 6.4% for dental products to 8.4% for both orthopaedics & prosthetics and other medical devices. The market will reach USD1.0bn by 2019.

For more information on this report, please visit- http://www.marketresearchreports.com/business-monitor-international/chile-medical-devices-report-q4-2015

The Egyptian medical device market will remain fairly attractive in the Middle East and Africa region, due to its large size. Per capita medical device expenditure will be low, but there is enormous potential for growth as the country has the second largest population in the region. As production is relatively limited, the market will remain reliant on imports. In a climate of relative political stability and positive economic outlook, the public sector needs modernisation, therefore opportunities will exist for medical device companies.

Headline Industry Forecasts
The market will record a 2014-2019 CAGR of 6.0% in US dollar terms, reaching USD830.3mn. Low per capita medical device expenditure indicates the enormous market potential in the long term. Opportunities will exist for medical companies to increase sales and market share.

For more information on this report, please visit- http://www.marketresearchreports.com/business-monitor-international/egypt-medical-devices-report-q4-2015

About Market Research Reports, Inc.
Market Research Reports, Inc. is the world's leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.

Yearly/Quarterly Report Subscription: http://www.marketresearchreports.com/subscriptions