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

  • February 2016
  • 66 pages
  • TforG
Report ID: 3565936

Summary

Table of Contents

This TforG Healthcare Market review report for Romania 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).

Economic Outlook:
- Romania is located in Southeastern Europe, and has been part of the EU Single Market since 2007; however, it does not yet use the Euro currency.
- In 2015, the economic growth is 2.8%, and is forecasted to increase to 3.1% in 2016.
- GDP per capita is €7,749.
- Romania has one of the largest rural populations (45%) in Europe. The income gap between rural and urban populations is substantial, strongly reflected through differences in access to both education and healthcare.
- Trade and labor market reforms together with an expected global increase of economic activity, along with industrial outputs and other factors, will allow Romania’s continued growth. Major infrastructural projects, in part funded by the EU, will stimulate further investments.

The Healthcare System:
- Romanian healthcare is sustained through a compulsory employee-employer and state funded organization, reimbursed regionally via insurance funds.
- Romania suffers from several structural and financial weaknesses, that have led to an underperformance and under-spending on healthcare, which is vastly reflected through many negative and low health status indicators and treatment outcomes.
- There are understaffed facilities due to a vast emigration of medical staff and shortages of near-by healthcare units (including pharmacies).
- Romanian healthcare expenditure in 2015 as a percentage of GDP is 5.6%. In terms of GDP per capita, Romania has one of the lowest expenditures on healthcare in Europe, equivalent to €435.
- There are roughly 1.4 public hospitals per 100,000 population, and 588 hospital beds in total per 100,000. The hospital occupancy rate is 61, and the average length of stay is 5 days.

Reforms:
Some of the current reforms address the following:
- Building community healthcare
- Rationalizing hospital networks
- Strengthening ambulatory care
- Revising the wage system for medical professionals
- Introducing screening programs for non-communicable diseases
- Enhance county emergency hospital equipment

The Markets:
- The medical equipment market in Romania has positive growth prospects in the coming years, as the demand nationwide in both the private and public sector is expected to increase, and due to Romania making an effort to raise healthcare standards to EU levels.
- Approximately 90% of medical devices and equipment is imported.
- The combined markets for pharmaceuticals, medical devices, equipment and disposables is valued at €3.8 bn in 2015. Growth is estimated to average around 10% for the market as a whole.
- The private sector over the last 6 years has pushed the growth of the medical device market the most in Romania.

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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