Healthcare and Medical Devices Market in Poland Gains Momentum

LONDON, January 24 /PRNewswire/ -- Treatment patterns, the provision of healthcare and availability of funding have been influenced by the accession of Poland into the EU. Poland represents a growing market for medical devices and other healthcare industries and is now most preferred choice for manufacturers looking to expand operations into the newly emerging healthcare markets of Europe.

Based on published sources, Frost & Sullivan (http://www.medicaldevices.frost.com) estimates that the size of the Medical Device Market in Poland was $1,290.0 million in 2005.

Accession into the EU has proven to be highly beneficial in financial terms, with fund transfers from the EU poised to generate additional capital flows into Poland. In 2004, foreign direct investments into the country stood at nearly $7.9 billion, marking an increase of almost 23 per cent from 2003. This also represented the highest increase of FDI into Poland over the last four years.

"The inflow of funds from the EU as well as the Polish government has increased financial resources in certain targeted areas of the healthcare sector," notes Frost & Sullivan Team Leader Kavitha Ravikumar. "Such positive trends are being reinforced by government initiatives to modernise and rationalise healthcare provision, thereby further driving market expansion."

However, pricing competition poses a key challenge. Competition on the price platform will allow low-cost medical and healthcare device manufacturers from Poland and Asia to gain an edge over outside competition.

A slew of positive developments bode well for the future. The healthcare system and the government are responding to the current need for greater regulation even as control over bodies granting the CE mark within Poland is anticipated shortly. Imports are set to increase and the private healthcare sector will continue to expand rapidly.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the latest analysis of an Introduction to Healthcare and Medical Devices in Poland (M088 - 54) then send an e-mail to Radhika Menon Theodore- Corporate Communications at rmtheodore@frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state, and country. We will send you the information via email upon receipt of the above information.

Introduction to Healthcare and Medical Devices in Poland is part of the Medical Devices Subscription, which also includes research in the following markets: European Markets for Wound Closure, European Markets for Wound Debridement, European Markets for Advanced Wound Management and European Orthopaedic Implants Market. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews are available to the press.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.frost.com.
Source:sev.prnewswire.com