Recently published research from Espicom Business Intelligence, "The Medical Device Market: Spain", is now available at Fast Market Research
Boston, MA -- (SBWIRE) -- 09/20/2013 -- OVERVIEW OF THE MEDICAL MARKET IN SPAIN
The economic crisis has had a direct effect on the public healthcare sector in terms of some quite severe spending cuts, as well as rising co-payments. Prior to the 2008 crisis, regional governments approved the construction of a number of public hospitals, without serious planning in some cases. Unsurprisingly, some of these projects have collapsed since then, as the budget allocated by the government to public healthcare has been reduced by EUR6.7bn (US$8.9bn) since 2010. The increase in the number of public hospitals has not been homogenous in all the regions, but has been mainly concentrated on four regions: Andalucia, Castilla La Mancha, Comunidad Valenciana and Madrid.
View Full Report Details and Table of Contents
Medical device imports represent the largest part of the market. In US dollar terms, they have experienced uneven growth in recent years due to exchange rate movements. Imports fell by 8.1% to US$3.6bn in the 12 months to March 2013, with a fall of 6.2% registered in the final quarter. All the import areas recorded falls in the annual cumulative period, led by patient aids and diagnostic imaging. Imports fell by 7.5% to US $3.7bn in 2012, following a small decline of 0.2% in 2011, a low rise of 0.9% in 2010 and a contraction of 7.6% in 2009. Between 2003 and 2008, imports recorded double-digit rises every year, except a high onedigit increase in 2008. Overall, imports recorded a negative 2007-2012 CAGR of 1.2%, ranging from 6.9% for patient aids to a negative 7.5% for diagnostic imaging.
Spain has a strong medical device manufacturing sector, which is based around Madrid and Barcelona. Companies, however, tend to be small and concentrated at the low to medium technology end of the market. Major export categories include medical supplies, syringes, needles & catheters and X-ray equipment. Due to market stagnation and austerity-led measures, medical producers are concentrating efforts in export markets, as a way to counterbalance constrained sales in the internal market. In US dollar terms, exports grew by 11.9% in the 12 months to March 2013, reaching US$1.5bnn, with a lower increase of 8.5% registered in the final quarter. Orthopaedics & prosthetics recorded the highest growth, at 31.7%, followed by other medical devices (21.0%), patient aids (19.9%), dental products (19.2%), consumables (5.5%) and diagnostic imaging (2.5%).
PROVIDING STRATEGIC MARKET ANALYSIS EVERY MONTH
Espicom's highly-regarded world medical technology and device market research reports provide enhanced strategic intelligence in a user-friendly format. Each report provides in-depth information, setting the medical equipment market in context. The reports provide:
Unique projected estimates of market size and growth for 33 equipment categories
Five year statistical data for key economic and healthcare indicators
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Medical Devices research reports at Fast Market Research
You may also be interested in these related reports:
- Precision Medical Devices, Inc. - Product Pipeline Analysis
- Varian Medical Systems, Inc. (VAR) - Product Pipeline Analysis, 2013 Update
- SafeStitch Medical, Inc. (SFES) - Product Pipeline Analysis
- Aethlon Medical, Inc. (AEMD) - Product Pipeline Analysis
- BRICS Medical Device Market Reports
- Latin America Medical Device Market Reports
- MediFocus: Medical Devices for the Treatment of Obesity
- Western Europe Medical Device Market Reports
- Beijing Dehaier Medical Technology Co., Ltd. - Product Pipeline Analysis.
- Medical Device Market in Norway - Market Size, Forecasts and Market Players
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)