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United Kingdom and Spain Medical Devices Report Q4 2015 Market Report; Launched via MarketResearchReports.com

Market Research Reports, Inc. has announced the addition of “United Kingdom and Spain Medical Devices Report Q4 2015” research report to their website http://www.MarketResearchReports.com

 

Lewes, DE -- (SBWIRE) -- 09/17/2015 -- The UK medical device market will continue to be one of the strongest performers in the region, with average US dollar growth of around 5% per annum forecast to 2019. The newly elected Conservative government has promised a minimum real terms increase in NHS funding in England over the next five years. Nevertheless, cost containment remains high on the agenda and efficiency measures will weigh on market growth. The Department of Health's efficiency programme aims to radically change the pricing, supply chain and procurement of medical devices in the NHS with the introduction of bar-coding and a single price comparison mechanism throughout the country.

Headline Industry Forecasts
- The UK medical device market is the sixth largest in the world and third largest in Europe. We value the market at USD11.3bn in 2014. We forecast a 2014-2019 CAGR of 3.8% in local currency terms, higher than the 1.0% CAGR for the 2009-2014 period, which saw the market contract in 2010 and 2011. This reflects higher economic growth over the forecast period, for which we forecast an average 2.5% rise in real GDP through to 2019. In US dollar terms, the 2014-2019 CAGR will be higher at 5.1%, which will see the market reach USD14.5bn in 2019. The market will contract in US dollar terms in 2015 before returning to growth in 2016.

For more information, please visit-
http://www.marketresearchreports.com/business-monitor-international/united-kingdom-medical-devices-report-q4-2015

We forecast low medical device market growth over the 2014-2019 period, as precrisis import growth levels are unlikely to return. The market size will continue to be attractive to multinationals, while medium-sized national companies, focused on export markets to counterbalance contained internal sales and still sizeable SNS debts, will be threatened by an ailing demand from core eurozone economies. Most of the market will remain accountable to the public sector, affected by costcontainment measures implemented in the National Health System.

Headline Industry Forecasts

- We forecast that the medical device market will register a 2014-2019 CAGR of 1.0% in US dollar terms, due to the depreciation of the euro against the US dollar. Spain will remain the fifth largest market in Western Europe (WE). In per capita terms, Spain will remain outside the top 20 and lag behind the major economies of Germany, France, the UK and Italy.

For more information, please visit-
http://www.marketresearchreports.com/business-monitor-international/spain-medical-devices-report-q4-2015

Find all Medical Devices Reports at:
http://www.marketresearchreports.com/medical-devices

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