£810 / $1295 / €985
Although a relatively small market, Austria has a high level of per capita spending on medical devices. The market for medical equipment and supplies is valued at US$2,222 million in 2012, equal to US$263 per capita.
Austria has a stable, mature economy which is now emerging from the effects of the global economic downturn. GDP is forecast to increase by 0.5% to US$399.8 billion in 2012.
Austria has a high level of per capita health spending, which exceeds US$5,000. Public funding accounts for over three-quarters of total healthcare expenditure. After peaking at 11.1% in 2009, health spending has been falling as a percentage of GDP year on year and is expected to decline to 10.7% in 2012.
In common with many other western European countries, Austria has an advanced healthcare system. There is an eagerness to be at the forefront of technological development; the purchasing of new equipment reflects this.
Healthcare provision remains a high government priority in Austria, but with an ageing population, cost containment continues to be of paramount importance.
Domestic production of medical devices tends to be small scale and specialist in nature. Many large multinationals have established offices in Austria in order to take advantage of the country’s close proximity to the emerging markets of Central and Eastern Europe.
The medical market is heavily dependent on imports, which reached US$1.9 billion in 2011.
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