This TforG Healthcare Scan for Norway 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.
- The country boasts one of the highest GDPs per capita and the fourth highest PPP in the world. The economy is fueled by dynamic oil and gas exports, a strong service industry and a substantial amount of accumulated wealth.
- Norway enjoyed a GDP growth rate of about 1.6% in 2015. The growth rate is expected to dip in 2016 to 1%, due to falling oil prices and their influence on consumer confidence and offshore investment. Come 2017 it should reach 1.5% again.
- Norway has accumulated the largest sovereign wealth fund (fueled by oil revenues) worldwide, valued at over €761 bn in 2016.
- Economic reorganization is foreseeable, as growth opportunities from the oil sector continue to dwindle. Norway’s fiscal policy rule linking government expenditures to long-term returns on their oil fund (sovereign fund) are proving valuable during this transition.
The Healthcare System:
- Norway scores excellently on most healthcare parameters such as health status, life expectancy, infrastructure, access to medical services etc.
- Norway has a popular and wide-reaching public healthcare network, and no private acute hospitals whatsoever. Private hospitals focus on specialized elective care.
- In 2015, Norwegian healthcare expenditures represented about 10% of the GDP, reflecting an upward trend since 2011 where it averaged 9.1%.
- HINAS is a public non-profit GPO, responsible for national contract management and procurement processes for the public hospitals in Norway.
- Norway has 62 hospitals: 46 public, 8 university and 8 private for-profit.
- Health and Hospital Plan (2016)
- Free treatment choice in specialist care reform (2015)
- Improved access to health information (2015)
- Patient Safety Campaign (2014-2018)
- Norwegian Hospital Construction Agency (2014)
- Non-Communicable Disease Strategy (2013-2017)
- The high per capita expenditure on healthcare and medtech make Norway an attractive business environment. About 50% of all medical equipment is sold directly to hospitals.
- The market (all segments from capital equipment to consumables) are forecasted to grow an average of 4% annually until 2020.
- Current aims within the healthcare system include achieving higher efficiency, becoming more technologically advanced and a variety of organizational improvements.
- Clinical, medical and technical experts and stakeholders are still the dominant decision makers in Norway’s market.
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.
© TforG Group – All Rights Reserved.