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Review of the Healthcare System and Medical Device Market in Hungary – report

  • February 2016
  • -
  • TforG
  • -
  • 57 pages

Summary

Table of Contents

This TforG Healthcare Market review report for Hungary 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 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).

Socioeconomic Outlook
-2014 was a great year in terms of economic growth with a rate of 3.6 %. This was quite an improvement from 2013’s growth rate of 1.5 %.
-2015 will remain in positive growth, though the rate is projected to slow down to 2.3 %.
-Unemployment rates have improved significantly during the last few years, with one of the most noteworthy changes taking place in 2014. Projections for 2015 show a further slight decrease.
-As the effects of cheaper energy (the bulk of which took place in 2014) steadily decrease and the labor market tightens, inflation is expected to steadily increase.
-Although Public debt in Hungary is quite high, it is improving slightly every year. The budget deficit is also steadily decreasing.

The Healthcare System
-The Hungarian healthcare system functions as a comprehensive, compulsory, employment-based national health insurance scheme that provides near universal coverage in terms of both treatments and population.
-Healthcare expenditure in Hungary was 8.09 % of the GDP, while per capita expenditure was about € 846.
-When looking at healthcare expenditures as a percentage of GDP within the region, Hungary was among the countries that spent the highest amounts on healthcare.
-There are high mortality rates related to non-communicable diseases. Some of the most prevalent conditions are cardiovascular disease (primarily acute myocardial infarct), cancers (especially lung cancer) and respiratory diseases.

Healthcare Markets
-The care provision sector in Hungary generated a total of € 8.9 bn in 2014, and there was an annual growth rate of 0.8 % between 2010 and 2014.
-The medical device sector has been quite strong over the past two years representing about 33 % of the total healthcare sector. Total revenues for 2014 were about € 2.9 bn.
-The outpatient care segment made about € 2.5 bn in 2014 and the annual growth rate from 2012 to 2017 is projected to be about 3.1 %.

Reasons to buy:
– Accurate analysis of trends, opportunities and challenges of the economy and healthcare industry
– Relevant healthcare reforms
– Written and numerical analysis on important healthcare indicators (eg.: acute care data, critical care data, anesthesia data, emergency data, healthcare professionals)
– Regularly updates, at least once year
– Every update published by TforG within 6 months after your purchase will be made available to you
– Global coverage, available for + 40 countries
– Unique insight into the socio-economic dynamics, and analysis of their effect on healthcare systems

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