Lewes, DE -- (SBWIRE) -- 05/08/2014 -- The Dutch medical device market is expected to achieve steady growth over the next five years with a US dollar CAGR of 4.5% forecast for the 2013-2018 period. Despite downward pressure on costs, health expenditure is forecast to grow steadily due to the needs of the rising elderly population and this will be a primary driver in the market, although low economic growth and the austerity programme proposed by the new coalition government are likely to hold down growth rates. The operating environment within the healthcare sector is set to become even more competitive as a result of the government's latest reform programme, although this should favour more innovative forms of technology that offer cost saving features, particularly given the Health Ministry's proposals to support faster uptake of promising innovations.
Headline Industry Forecasts
- The Netherlands has a well developed, comparatively mature medical device market, which is valued at US$3.8bn in 2013, equal to US$230 per capita. The market is expected to grow by a 2013-2018 US dollar CAGR of 4.5% over the next five years, reaching US$4.8bn in 2018, equal to US$283.
- Medical device imports supply the greater part of the market, although the total value of imports, which reached US$13.8bn in the 12 months ended November 2013, far exceeds the value of the domestic market due to the country's status as a distribution hub for European markets, resulting in a high level of re-exporting in many product areas.
Spanning Over 182 pages, “Netherlands Medical Devices Report Q2 2014” report covering the SWOT, Industry Forecast, Market Overview, Competitive Landscape, Methodology.
Know more about this report at: http://www.marketresearchreports.com/business-monitor-international/netherlands-medical-devices-report-q2-2014
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