BMI Industry View : The medical device market in the Netherlands will continue to see above average growth within the eurozone. Despite downward pressure on costs, health expenditure is forecast to grow steadily due to the healthcare needs of the rising elderly population and this will be a primary driver in the market. However, the current austerity programme will hold down growth rates with the operating environment within the healthcare sector set to become even more competitive as a result of the government's latest reform programme. The drive for efficiency will favour more innovative forms of technology that offer cost saving features, particularly given the Health Ministry's proposals to support faster uptake of promising innovations.
Headline Industry Forecasts
We forecast the market will grow at a 2014-2019 euro CAGR of 4.9%. While the market will benefit from faster economic growth over the forecast period, healthcare providers will continue to operate in a highly competitive environment, which will maintain pressure on prices with hospital consolidation another constraining factor. In US dollar terms, the 2014-2019 CAGR will be lower at 2.6%, which will see the market grow from USD3,953.2mn in 2014 to USD4,492.7mn in 2019. The market will contract in US dollar terms in 2015 due to currency depreciation, but will return to growth in 2016.
Medical device import performance continues to be affected by a weak euro. Imports posted an 11.9% fall in US dollar terms in H115 compared to H114, but grew by 8.2% in euro terms according to Eurostat monthly trade data. We anticipate imports will continue to register single-digit growth in euro terms for the remainder of 2015, but performance in US dollars will remain negative. Import growth does not necessarily reflect domestic market trends, due to the Netherlands being used as a medical device distribution hub.
Medical device export performance remains weak despite an improvement in Q215....
The Netherlands Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a BMI Research's company. These forecasts and estimates focus on six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices.
Detailed product breakdown for market, trade and production data in Netherlands provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Netherlands Medical Devices industry.
- Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Netherlands, to test analysis as it is a key input for budgeting and strategic business planning. Use our standardised data to gain a better understanding of market performance in Netherlands.
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BMI Industry View
Provides industry, political and economic views. Briefly analyses the medical devices market, taking into account the latest industry forecasts, healthcare indicators and industry trends & developments.
SWOT analyses of the medical devices market, the political environment, the economic landscape and the business environment.
Evaluates and analyses the medical devices market in terms of historical and forecast trends, covering six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices. Additionally, presents annual and monthly import and export trade data.
Presents macroeconomic forecasts impacting the medical devices market.
Industry Risk Reward Index
Risk Reward Indices tool, which provides a globally comparative and numerically based assessment of the medical devices market’s attractiveness.
Assesses the medical devices market in the current year. Additionally, covers healthcare trends shaping the market, focusing on health status, healthcare system, healthcare funding, healthcare resources, healthcare activity and healthcare personnel. Includes historical healthcare data.
Industry Trends & Developments
Analyses the latest industry trends and developments shaping the market, in terms of monthly trade performance, forecast trends, production changes, regulatory developments, competitive strategies, political events and economic performance.
A focus on government healthcare reforms, epidemiological trends, mergers and acquisitions, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.
Values historical medical devices production, and analyses the presence of national and multinational manufacturers operating in the market. Also, compares the presence of leading multinational company operations, either via sales & marketing, distribution or manufacture. Finally, takes into account market access drivers, including major distribution channels, trade associations and trade shows.
Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.