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MEDICAL MARKET RESEARCH REPORTS

The Medical Device Market: Norway

Opportunities and Challenges

OVERVIEW OF THE MEDICAL MARKET IN NORWAY

The size of the Norwegian medical device market is estimated to be US$1.1 billion in 2012, equal to US$229 per capita. The market is expected to grow by 3.9% per annum to reach US$1.4 billion by 2017, equal to US$270 per capita.

The population of Norway is estimated to be 5.0 million in 2012, with 15.5% of the total aged 65 years and over.

Norway has a stable, affluent economy but was nevertheless affected by the global economic downturn. Real GDP fell by 1.7% in 2009, according to figures from BMI, but it recovered in 2010 and is due to grow at an average 2.3% per annum between 2013 and 2017.

Healthcare expenditure has continued its steady growth in recent years, increasing by a 2006-11 CAGR of 8.8%. Private expenditure accounts for around 16% of the total; out-of-pocket payments represent almost all of this is.

Due to the small scale of domestic production, any increases in market demand are likely to be met by imports. In 2011, imports were US$1,029.4 million, an increase of 9.3% over 2010, with a CAGR of 3.4% for the period between 2007 and 2011. There was a balance of trade deficit of US$711.1 million in 2011.

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
• Information on regulation, distribution and market access, including Espicom’s unique distributor directory
• Detailed Medical trade data
• Data on leading local/multinational medical equipment players in the market

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WITH THIS MARKET REPORT YOU CAN

• Evaluate the potential of the market
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• Gain a complete picture on health expenditure and infrastructure
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Related Pages

The Medical Device Market Netherlands

The Medical Device Market Portugal

For more information please click on the link to Medical Market Reports