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Tuesday, 12 November 2013

Medical Device Market: Belgium, Malaysia, Bulgaria, Netherlands : include new market research report"Medical Device Market: Belgium, Malaysia, Bulgaria, Netherlands " to its huge collection of research reports.

Belgium Medical Device Market 

Belgium’s six-party coalition government under the premiership of Elio Di Rupo has entered its second year. Major differences over the devolution of power to the regional governments and taxation issues hampered the formation of a new government after the general election in June 2010. The wealthier Flemish community has long campaigned for healthcare to be funded separately by the regions on the basis that Flanders is subsidising over-consumption in the francophone community.

Healthcare provision is generally good and of high quality, although there is still an over-reliance on hospital services, two thirds of which are provided by the private sector. Efforts are focusing on improving access to care for chronically-ill patients in general, and on improving the level of care for key patient groups by promoting a more co-ordinated approach between GPs and specialists.

Malaysia Medical Device Market

Malaysia’s first set of regulations for medical devices, the Medical Devices Act 2012 (Act 737), was approved in March 2012. Effective November 2012, it became mandatory for all medical devices to be registered with the Medical Devices Authority (MDA). The regulations are aligned with the guidelines drawn up by the ASEAN Harmonisation Working Party (AHWP) and the Global Harmonisation Work Force (GHTF).

The major natural resource is rubber, and the country’s medical device exports are dominated by latex products such as surgical gloves. The share of this sub-category has slowly started to diminish with the steady growth of diagnostic imaging exports in recent years, particularly electrocardiographs and other electrodiagnostic apparatus.

Bulgaria Medical Device Market

Bulgaria is located in south-eastern Europe, bordering Romania, Serbia, Macedonia, Greece and Turkey and is one of the newest members of the EU, joining in January 2007, alongside Romania. The population of Bulgaria is estimated at 7.3 million in 2013, 18.4% of whom are aged 65 or over. The Prime Minister of Bulgaria is Boyko Borissov, leader of the GERB and former major of Sofia. The current president is Rosen Plevneliev, who took office in January 2012.

In 2013, the Bulgarian market for medical equipment and supplies is estimated at US$225.9 million, or US $30.7 per capita. This is a marked reduction when compared with 2007 and 2008, largely due to lower spending on capital items. A slow but unspectacular recovery should take the market to US$274.1 million by 2018.

Netherlands Medical Device Market

The Netherlands has a long history of providing accessible healthcare, although resources are comparatively low for a Western European country. A mandatory health insurance scheme was introduced in January 2006. This replaced the previous two-tier system and provides basic health insurance cover for acute care services with a separate scheme for long term medical care. The new health insurance act has substantially increased price competition amongst insurers and healthcare providers resulting in one of the most market-oriented healthcare systems in Europe.

The economic downturn, which resulted in a 1.1% contraction in the economy in 2012, has further increased financial pressures on the health service, which ran up sizeable deficits in 2009 and 2010. In July 2013, the Health Ministry agreed a package of measures with healthcare providers to cut EUR1.0bn from forecast healthcare spending as part of the government's proposed EUR 6.0bn austerity programme. 

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