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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- GDP growth rates continue to grow steadily in 2015 to 2.3 percent, recovering stably from a slightly negative growth rate dip in 2012.
- Unemployment rate has remained around 7.8 percent to 8.1 percent for the past three years and is forecasted to remain at this rate in the coming two years.
- The inflation rate was -0.3 percent in 2014 due to interest rates having been raised, and has returned to positive rates in 2014 and is expected to continue rising in the coming years.
- Sweden’s main exports are refined petroleum, vehicle parts, and cars. Their main industries include iron and steel, wood and paper products, processed foods, motorized vehicles and precision equipment, such as bearings, telephone and radio components, pharmaceuticals and armaments.
- Sweden’s public debt in 2014 was 36.5 percent, which is far below the European average of public debt around 64 percent. Credit rating agencies such as Fitch, Moody’s and Standard & Poor’s give Sweden a rating of AAA.
The Healthcare System:
- In 2014, health expenditure as a percentage of GDP was 9.64 percent.
- 81.71 percent is provided for by public health expenditure and 19.9 percent is privately sourced. This proportion of public spending is generously above the OECD average of 72 percent.
- Only 4 percent of the Swedish population has voluntary health insurance (VHI). The vast majority of the population is covered by the national insurance provider.
- Sweden’s health provision responsibilities (organization, provision and procurement) are shared between local municipality and county council governments.
- Private entities are allowed to run primary, secondary and tertiary care facilities and can be reimbursed publically.
- Sweden uses a mixture of co-payments; user charges, subsidies, grants and the DRG system to finance its healthcare system.
- New pricing model for pharmaceuticals; reducing and controlling the prices of pharmaceuticals and patent-expired medicine
- National Cancer Strategy; improving organization of cancer care, prevention and detection and building more Regional Cancer Centers
- Dissemination and management of healthcare relevant information; through e-health care infrastructures for stakeholders as well as for procurement processes, and through public information campaigns
- Patient Act; granting patient right to seek second medical opinion and be reimbursed for it
- In 2013, the Swedish medical equipment market (including medical devices and capital equipment) was estimated around 2.5 bln Euros.
- Sweden represents less than 1 percent of the global market for medical devices, yet it earns 4 percent of the same global market revenues.
- The Swedish government has prioritized certain areas for development including: care services for the elderly, innovation in procurement and processes, cancer care and finding a competitive balance in the privatization of public services.
- Sweden has an aging population and epidemiological profile attractive for manufacturers and providers of non-communicable disease medication, pharmaceuticals to treat chronic conditions and monitoring equipment.
- Sweden also seeks innovative solutions, efficiency, and cost-benefit analysis for their processes and healthcare provisions.
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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