SBWire

Nigeria has some of the worst health indicators in the world with high maternal, infant and child mortality rates and low life expectancy at around 53 years. The country is estimated to have around 10% of the world's total burden of disease due to its large population and high incidence of communicable diseases, as well as a rising incidence of cancer, diabetes and hypertension. These poor outcomes are the result of woefully inadequate primary healthcare services, particularly in rural areas, which is restricting access to immunisation programmes and basic mother and child care. Nigeria is also one of the few Polio endemic countries, although renewed efforts are being made to eradicate the disease by 2015.

Hospital and health centre facilities are rudimentary and poorly equipped in the majority of cases. Medical equipment are often imported, second-hand, from developed countries and operated by untrained personnel, limiting their effective use and when devices malfunction, hospitals and clinics often face a long wait for them to be repaired. The primary sector is underused and per capita medical personnel levels are low.

Ghana's fiscal deficit of 12.1% of GDP in 2012 will put pressure on public spending in 2013, but it is unlikely to have a negative impact on the government's commitment to improving healthcare accessibil ity in the medium term. BMI forecast s that the economy will post real GDP growth of 7.4 % in 2013.

GlobalData's new report, "Spain Computed Tomography Systems Market Outlook to 2020", provides key market data on the Spain Computed Tomography Systems market. The report provides value, in millions of US dollars, and volume (in units) and average price data (in US dollars), within market categories - High Slice Computed Tomography Systems, Low Slice Computed Tomography Systems and Mid Slice Computed Tomography Systems.

Global Industry... By 2017, the global medical device market will approach US$434.4 billion, an annual average growth of 7.1% from 2012. This growth will be achieved in the face of health under pressure to contain costs and against market demands for more effective products.

Highlights from the Region

The eight Latin American medical markets covered by Espicom Business Intelligence represent a market of 497 million people with a GDP of US$5.4 trillion in 2013. After a recent period of remarkable growth, economic growth in the region is expected to be steady in 2013, except in Venezuela, affected by a weakening local currency. The region is seeing all markets re-evaluate their health provision. Levels of service in the buoyant private health sector are among the best to be found, but the challenge is to provide better levels of basic healthcare to the mass of the population. Opportunities for manufacturers of medical equipment and supplies do exist, but it is knowing where and how to develop them. Brazil is the largest medical market, followed by Mexico, Venezuela, Colombia and Argentina.

The Thai medical device market has been undergoing a period of strong growth, and if fundamentals remain the same, the market looks set to expand at an attractive 13.7% per annum in the medium term, to reach around US$2.3bn by 2018.

Middle East & Africa Medical Device Reports provide the latest available data, expert analysis and our independent 5-year forecasts for key the Middle East & Africa markets. Each country report covers political risk, the business environment, and macro-economic and industry prospects set against assumptions for the global economy.

In per capita terms, Slovakia is the second richest country in Central & Eastern Europe, only behind Slovenia. The current figure of US$18,631 is double that found in Romania. However, BMI projects real GDP growth of just 1.2% in 2013, due to stagnant domestic demand and slow export growth; real growth is almost entirely dependent on exports. The economy is expected to increase by an average 2.7% per annum between 2014 and 2018, with total GDP reaching a projected US$114.9nn by 2018, equal to US $21,527 per capita.

With a population of just over four million, New Zealand is a small but highly developed medical equipment market in the South Pacific. Much of the population is concentrated in the major urban areas of Auckland, Christchurch and the capital, Wellington.

With a population of around 4.6mn, the Republic of Ireland represents a small but advanced market for medical equipment. Prior to the global recession and Ireland's financial assistance package from the EU, IMF and ECB in 2010, the country had experienced rapid economic growth and had invested in largescale renovation and redevelopment of its healthcare infrastructure.

These leading emerging economies represent a total medical market of US$26.8 billion. But how might the impact of the economic downturn affect them? Where do commercial opportunities exist for medical device companies now, and what are the future prospects?

The UK has one of the largest medical device markets in the world, valued at US$9.9bn in 2013. The domestic market is the sixth largest in the world and third largest in Europe. Per capita expenditure is equal to US$157. The UK market for medical devices is projected to increase by 7.3% per annum to attain a value of US$14.1bn by 2018.

GlobalData's new report, "Russia Arthroscopy Market Outlook to 2020", provides key market data on the Russia Arthroscopy market. The report provides value, in millions of US dollars, and volume (in units) and average price data (in US dollars), within market categories - Arthroscopy Implants, Arthroscopy Radio Frequency Wands, Arthroscopy Fluid Management Systems, Arthroscopes, Arthroscopic Shavers, Arthroscopy Radio Frequency Systems and Arthroscopy Visualization Systems.

GlobalData's new report, "France Nuclear Imaging Equipment Market Outlook to 2020", provides key market data on the France Nuclear Imaging Equipment market. The report provides value, in millions of US dollars, and volume (in units) and average price data (in US dollars), within market categories - Positron Emission Tomography Systems (PET Systems and PET/CT Systems) and Single Photon Emission Computed Tomography Systems (SPECT Systems and SPECT/CT Systems).

South Korea ranks as one of the world's leading economies, with a population approaching 50 million and overall GDP listed among the top 15 in the world at an estimated US$1,212 billion in 2013, equal to US$24,843 per capita,. As a result, much of the population expects a high level of medical care.

Brazil has the largest economy and medical device market in Latin America, but per capita medical expenditure is still very low. The highest expenditure is in the large cities, such as Sao Paulo or Rio de Janeiro, but producers are moving into regional markets outside the major state capitals. The medical device market in 2013 is valued at US$5,918.9mn, equal to US$29.6 per capita.

Both the government and private sector are committed to upgrading and modernising Jordan's healthcare provision. The country has a reputation for providing high standards of services. New public and private hospitals have been expanding and upgrading in recent years, providing good opportunities for companies in the provision of medical equipment.

GlobalData's new report, "BRIC Orthobiologics Market Outlook to 2020", provides key market data on the BRIC Orthobiologics market. The report provides value, in millions of US dollars, and volume (in units) and average price data (in US dollars), within market categories - Bone Graft Substitutes, Viscosupplementation, Bone Allografts and Bone Growth Stimulators.

GlobalData's new report, "Italy MRI Systems Market Outlook to 2020", provides key market data on the Italy MRI Systems market. The report provides value, in millions of US dollars, and volume (in units) and average price data (in US dollars), within market categories - High Field MRI Systems, Low Field MRI Systems and Mid Field MRI Systems.

This report provides everything you need to know about the current market for diabetes care devices; from detailed analysis of the products, companies and developments influencing its growth to an in-depth manufacturer directory detailing company movements within the market and key financial data (where available).

Medical Robots Market by Type (Surgical Robot, Rehabilitation Robotics, Telemedicine, Assistive Robots, Orthotics, Prosthetics, Radio Surgery, Exoskeleton) & Application (Orthopedic, Neurology, Laparoscopy)- Global Forecasts to 2018

Espicom Industry View

Funding for healthcare in Estonia is principally through a national health insurance system, which came into effect in the 1990s. Healthcare is supposed to be available free under it, but funding has never matched demand, and patient payments for services remain common.