£810 / $1295 / €985
BMI believes that Denmark should avoid a year of economic contraction in both 2012 and 2013, principally owing to the government’s pledge to boost public investment spending. However, there will be only a minimal recovery in household consumption as the ongoing eurozone debt crisis, a severely weakened banking sector and a burst housing market all act to weigh on households’ economic confidence. At the same time, exports are likely to suffer from weakened trade dynamics within the broader eurozone region. Within the EU-27, Danish GDP is expected to rank 11th by 2017, whilst Danish GDP per capita is expected to rank second, after Luxembourg.
Espicom estimates the Danish market for medical equipment & supplies at US$1.6 billion in 2012, equal to 4.6% of total health expenditure and 0.5% of total GDP. Most of the market is dependent on imports, which represent 83.1% of the total in 2012. Imports increased by 1.5% in US dollar terms in the 12 months to July 2012, reaching US$1.7 billion. Consumables registered a rise of 13.4% in the period, followed by dental products (3.2%), diagnostic imaging apparatus (3.0%) and orthopaedic & prosthetic products (0.8%). However, patient aids and other medical products recorded falls in the period, by 4.6% and 11.4%, respectively.
According to data from Eurostat, domestic production of medical devices in Denmark amounted to 1.6 billion euros (US$2.2 billion) in 2011, which represented a fall of 13.3% in euro terms. The figure is incomplete, as several categories have under-reported values or have been suppressed due to confidentiality issues. The largest product area was patient aids, valued at 645.1 million euros (US$ 895.9 million), equal to 40.0% of the total, followed by consumables (37.7%), diagnostic imaging apparatus (12.0%), other medical products (4.1%), orthopaedic & prosthetic products (3.6%) and dental products (2.5%).
The Danish Health & Medicines Authority (SST – Sundhedsstyrelsen) monitors medical devices. DGM Denmark, owned by DNV Nemko Presafe since 1st January 2012, is authorised for CE approval of medical devices and in vitro diagnostic devices according to their respective European Council Directives. As a member of the EU, Denmark’s medical device regulations are governed by three European Council Directives. The country has implemented them in the Danish legislation via a number of Acts, Executive Orders and European Commission Regulations.
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