The report helps businesses gain a unique insight into the socio-economic dynamics, and helps analyze how they affect healthcare systems and their evolution. It can serve as a valuable tool with actionable guidance for sales, marketing, R&D and business managers with industry related interests.
Four chapters cover the numerical and written analysis for the following topics: Economic Outlook (38 Key industry indicators), The Healthcare System (HC system structures), Reforms (restructuring, re-engineering or austerity efforts) and the Healthcare Market (Capital Equipment, Medical Devices, Disposables and Pharmaceuticals).
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– Based on GDP, Italy is amongst the 10 largest economies in the world.
– The GDP in Italy in 2015 was €1,624 bn, with a growth rate of 0.5%, equivalent to a GDP per capita of €26,495.
– Quality of life indicators are generally high; however, there are substantial regional discrepancies, particularly between the North and South divide. The North is the most prosperous, and the South is economically the weakest and lesser developed.
– Economic growth is hampered by regulatory complexities, slow and expensive licensing procedures, and a lack of economic liberties to incentivize entrepreneurial activities and to spur job creation.
– The aftermath of the European sovereign debt crisis on Italian banks, internal structural impediments to growth, tax evasion, and the susceptibility of the financial system to political influences, have strained the government budget and its balance.
The Healthcare System:
– Healthcare in Italy is largely decentralized and there are 21 regional health authorities, corresponding to 21 different regions.
– Healthcare spending as a percentage of GDP in 2015 was 8.8%, equivalent to €2,394 per capita. 77% of the spending originated from public sources and 23% came from private funds.
– The national public health service (Servizio Sanitario Nazionale, SSN) is organized under the Ministry of Health at the national level and is administered on a regional basis.
– Approximately 40% of all acute hospitals are accredited private hospitals that provide care services to the SSN.
– Public spending is expected to remain restricted in the coming 2 years, along with overall spending as a percentage of GDP (and expenditure per capita accordingly) which is expected to decrease a little.
– There are approximately 1,050 hospitals and 189,995 hospital beds. Close to 80% of public hospitals are managed by the local health authorities (ASLs).
– Improving monitoring mechanisms and information systems (2015)
– Enhancing primary care (2014-2015)
– Budget caps on medical devices (2014)
– 2014-2016 Healthcare Pact – on hold
– Other healthcare initiatives (since 2013)
– After the financial crisis (2009)
– Expected reforms
– Expenditure on the healthcare market has been declining the past 5 years and is forecasted to continue declining moderately in the next 3 years. This will be a result of more stringent pricing and reimbursement mechanisms.
– Regional governments set the regulations for the procurement of supplies particular to their region.
– The pharmaceutical market in Italy is valued at €20.4 m. Around 27% of the market are generic medicines in terms of sales value.
– The medical device market is valued at € 8.2 bn; growth is forecasted to remain very moderate at 1.5% per year until 2019.
– The medical disposables market is valued around €3.1 bn, and has experienced a gradual growth decline in recent years due to tightened hospital caps.
– Diagnostic imaging represents 15.5% of the medtech market in Italy, followed by patient aids with 15%.
– Long payment delays will continue to characterize the public hospital market.
– Considering the financial pressure under which some regions operate (and accordingly manage their hospitals), a substantial driver is cost containment.
Includes tables centralizing all relevant data on socio-demographics, macroeconomics and national Healthcare.
National Care Provision data:
Provides an overview of the Healthcare demographics: Nation Care provision data, Intensive Care units, Operating rooms, Emergency Rooms, Hospital services, Healthcare professionals.
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