The Medical Device Market: Estonia

Publication Date	September 2009
Publisher	Espicom
Product Type	Report
Pages	80
ISBN Number	not applicable
Product Code	ESP00158

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Summary

Estonia has a small yet well-established medical equipment industry, which should become more competitive in the future. This report is ideal for executives wanting to understand the key drivers in the medical market and have access to a wealth of statistical data, including five-year market projections. In addition to the report are 3 free quarterly updated outlook reports, enabling you to keep up to date with market developments for a year.

Includes 3 quarterly updated outlook reports!

The Republic of Estonia is situated on the Baltic coast in north-eastern Europe and is bordered by Latvia and the Russian Federation. Estonia has the smallest population in Central & Eastern Europe, standing at an estimated 1.3 million in 2008. The population has been falling since the early 1990s and is slowly ageing; 17.5% is aged 65 or over in 2008.

Estonia joined the EU in May 2004. EU directives relating to medical devices were transposed into national law in December 2004, with the introduction of the Medical Devices Act. The Competent Authority for medical devices in Estonia is the State Agency of Medicines. Funding for healthcare in Estonia is principally through compulsory health insurance, operated by the Estonian Health Insurance Fund. The EHIF replaced the Central Sickness Fund and 17 regional funds in 2001. Private expenditure has increased in recent years and is estimated to account for 23.1% of total spending in 2008.

In 2008, the Estonian market for medical equipment and supplies is estimated at US$183 million, or US$136 per capita. It is expected that the device market will continue to expand at a rate of 9.3% per annum, reaching US$291 million, or US$219 per capita, by 2013. Around 61% of the medical device market is supplied by imports. Germany, Finland and Sweden were the leading suppliers in 2006, accounting for over 50% of imports. The value of imports increased by 50.8% in 2006.

MARKET OUTLOOK
Key national data projections
Current market size
Unique 5-year market projections
Market outlook
Market structure
Including statistical data on imports and exports
Market access
Including distribution and medical device regulation
Healthcare analysis
Including demographics, healthcare system, health expenditure, healthcare infrastructure and personnel

HEALTHCARE DATA
A comprehensive tabula review of the market, including economic indicators, demographics, health expenditure, hospital and primary care data, and healthcare personnel.

DISTRIBUTORS
Details of the medical equipment distributors held in Espicom’s database at the time of publication.

Content

EXECUTIVE SUMMARY

MEDICAL DEVICE MARKET
Current Size
Projections
Outlook
Market Structure
    Domestic Production
    Domestic Producers
    Interspectrum OU
    Tondi Elektroonika Ltd.
    Imports
    Consumables
    Diagnostic Imaging
    Dental
    Orthopaedic Products
    Others
    Exports
    Consumables
    Diagnostic Imaging
    Dental Products
    Orthopaedic Products
    Others
Market Developments
    E-Health
    Baltic Health Network
    Estonian Health Project 2015
    Estonian Government/EU PHARE/World Bank Health Project

KEY NATIONAL DATA PROJECTIONS
Methodology and Sources
Trade Code Classifications

List of Tables
    Summary of the Estonian Medical Device Market in 2008
    Market Projections, 2008-2013
    Market Projections by Category, 2006-2013 (US$ millions)
    Per Capita Market Projections by Category, 2006-2013 (US$)
    Market Shares by Category, 2006-2013 (%)
    SWOT Analysis of the Estonian Medical Device Market
    Analysis of the Estonian Health Sector
    Medical Device Production, 2003-2005 (US$)
    Imports by Product Area, 2002-2006 (US$000s)
    Imports by Product Area, 2002-2006 (% of Total)
    Imports by Product Area, 2003-2006 (% Change, US$ terms)
    Leading Suppliers by Product Area, 2006 (US$000s)
    Leading Suppliers by Product Area, 2006 (% of Total)
    Imports of Medical Equipment & Supplies, 2002-2006 (US$000s)
    Medical Equipment Import Trends
    Leading Suppliers, 2006 (US$000s)
    Leading Suppliers by Category, 2006
    Exports by Product Area, 2002-2006 (US$000s)
    Exports by Product Area, 2002-2006 (% of Total)
    Exports by Product Area, 2003-2006 (% Change, US$ terms)
    Leading Destinations by Product Area, 2006 (US$000s)
    Leading Destinations by Product Area, 2006 (% of Total)
    Export Trends
    Leading Destinations, 2006 (US$000s)
    Balance of Trade, 2002-2006 (US$000s)
    Key Data, 2008-2013

List of Figures
    Radar Graph of the Estonian Healthcare System
    Medical Equipment Imports, 1997-2006 (US$000s)
    Percentage Change in Imports, 1998-2006
    Imports by Product Area, 2006 (%)
    Imports by Product Area, 2002-2006 (CAGR)
    Leading Suppliers, 2006 (%)
    Medical Equipment Exports, 1997-2006 (US$000s)
    Percentage Change in Exports, 1998-2006
    Exports by Product Area, 2006 (%)
    Exports by Product Area, 2002-2006 (CAGR)