This TforG Healthcare Overview for New Zealand includes numerical and written analysis on the socioeconomic and macroeconomic context and outlook, the healthcare system, and the latest healthcare reforms. Moreover, an extensive chapter is dedicated to the markets for capital equipment, medical devices, disposables and pharmaceuticals.
The TforG Healthcare Overview is accessible through a user friendly Business Intelligence tool. Licenses are valid for 1 year.
This TforG Healthcare Scan for New Zealand includes numerical and written analysis on the socioeconomic and macroeconomic context and outlook, the healthcare system, and the latest healthcare reforms. Moreover, an extensive chapter is dedicated to the markets for capital equipment, medical devices, disposables and pharmaceuticals. It also covers 1,000 surgical procedures, reported by the ICD9 coding system in 13 specialisms.
The TforG Healthcare Scan is accessible through a user friendly Business Intelligence tool. Licenses are valid for 1 year.
- New Zealand enjoys a high level of political, social and economic stability and a modern social welfare system, including subsidized access to healthcare provisions.
- In 2015, the nominal GDP in New Zealand was €155.2 bn, equivalent to €33,383 per capita. GDP’s annual growth rate was 3.4% in 2015, which represents a small peak amongst the rates of previous and forecasted years.
- New Zealand’s economy runs on free market principles and has an efficient agricultural export sector.
- Its top 3 trading partners for imports and exports are Australia, China, and the USA, followed by the EU and the Association of South-East Asian Nations (ASEAN).
- New Zealand’s population count in 2015 was approximately 4.5 m people, comparable to Finland, Denmark and Singapore.
- Its high-tech capabilities are also growing, and all together New Zealand enjoys a solid macroeconomic basis and stable economy.
The Healthcare System:
- Healthcare is largely decentralized and managed by District Health Boards (DHBs).
- In terms of the total healthcare expenditure, 82.1% of the spending originates from public sources, and 17.9% comes from private funds. Healthcare spending as a percentage of GDP in 2015 was 10.9%, equivalent to €3,719 per capita. As a lump sum the expenditure was equal to €16.9 bn.
- Infant mortality is relatively high (4.7/1000), considering the high level of economic and social development of New Zealand.
- There are 32 Primary Health Organizations (PHOs) throughout New Zealand, which the DHBs guide and monitor.
- There is a clear directive in New Zealand’s healthcare organization to create efficient integrations and combinations of healthcare processes, in order to address communal, procedural, practical, clinical and funding issues collectively as groups or alliances.
- In 2015 there were 90 acute hospitals with a total of 10,668 hospital beds, of which 30% were public and 57% were university beds. The occupancy rate at hospitals is 71.5% and the average length of stay is 4.6 days.
- The New Zealand public health system is primarily financed through general tax revenues. Both Australia and New Zealand do not levy social security contributions.
- Expansion and promotion of Patient Portals (2014-2015)
- Zero fees Under 6 and 13 (2008-ongoing)
- Changes to prescribing (2014)
- Integrated Performance and Incentive Framework (2014)
- New PHO standards (2013)
- Increase of pharmaceutical copayment (2013)
- New Zealand imports approximately 97% of all its medical devices and equipment and is accordingly absolutely reliant upon imports.
- PHARMAC handles procurement for all public hospital devices, in consideration of DHB needs. DHBs have relative autonomy to devise the procurement of medical devices as they wish; however, the government strongly encourages them to use shared services procurement agents in order to improve efficiency and prices.
- The pharmaceutical market of New Zealand in 2015 was valued around €606 m, and estimated to grow at moderate rate the next two years at 1.8%. The medical disposable market in 2015 was valued around 75 m.
- District Health Boards spend €650 m on medical devices and capital equipment in 2015. Around 73% of the procured value is used within the public sector, and the remainder in the private sector.
- There are 67 MRIs, 75 CT and 6 PET scanners in New Zealand.
- Patient-empowering and information-management technologies are on the rise and expected to drive changes in care organization and patient choices.
- New Zealand can offer Western business standards in the region of Oceania and serve as a hub.
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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