Poland has a sturdy track record as a liberal and sound business partner, and currently holds the 6th largest economy in the European Union. From 2014 onwards, Poland has enjoyed a strong GDP growth of near to -or above- 3% annually. Forecasts predict it will continue with this performance. Consumer spending was a principal driver for […]
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The medical business in China has always been a government-led system, rather than a market-driven one. If we look specifically at the use of medical equipment, the overwhelming fact that strikes us, is that most hospitals in China will actually buy in one go, rather than renting or paying by installments for high-value equipment. In […]
In this article, we will highlight and investigate the size and potential, drivers and inhibitors, and the trends of refurbished medical device markets. What makes the refurbished medical equipment market particularly interesting and worthwhile to explore, is its growth potential, low production cost, and contribution to containing hospital costs. As regulations are continuously adjusted to […]
Estimates of the market value of Minimally Invasive Surgery medtech equipment varies from €25 bn to €31 bn for the 2016 market worldwide. Even more impressive is its growth rate of 7.8-10.8% CAGR. Across the globe –whether evaluating an emerging market or a highly industrialized economy – one principle driving factor of healthcare administration and […]
Fine-tune your market strategy: learn in which setting your medtech is most demanded and where market opportunities exist
As discussed in the article on Minimally Invasive Procedures, there is a clear trend across medical specialties to seek and apply minimally invasive interventions and treatments, in order to reduce critical care demand, improve the patient experience, and to ease the volume and financial pressures off the hospital care environment. Paired with this trend, due […]
It wasn’t even that long ago that the world of the MedTech market was relatively simple to read. Recognizable competitive challenges, evolutionary developments; a world that we were familiar with and were able to map the developments of for 5 years at a time -and when accepting a certain margin of uncertainty- possibly forecast even […]
Indian healthcare is a complex mixed public-private model, with limited government funded public healthcare, alongside pricier and urban-concentrated private providers. In 2015 India spent approximately 4.85% of GDP on healthcare; 32% funded publicly and 68% funded privately, totaling €70 expenditure on healthcare per capita.
Due to the one-child policy in the last 30 years, a growing share of China’s population will soon be over the age of 60, closely aligning its demographic dynamics with those of many developed countries. The Chinese government has made a priority of developing the healthcare sector as well, especially in regards to investing into […]
ISO 13845:2016 – Aiming at involving all organizations, for an improved medical device product life cycle
In this article we will explore (the institution ISO, and in particular) the value and content of the most recently revised ISO 13845 for medical device manufacturing and quality system management. In light of our most recent Deep Dive country report on Taiwan, we will also exemplify the relevance of this standard to market entry, […]
TforG will be attending MEDICA, the World Forum for Medicine, in Düsseldorf, November 16-19, 2015. MEDICA is one of the largest medical expositions in the world; it will host more than 4,600 exhibitors and attracts over 130,000 visitors from all over the world.