Market Insights Health Medical Technology Medical Devices

Other Medical Devices - Poland

Poland

The projected revenue in the Other Medical Devices market market in Poland is forecasted to reach US$1.16bn in 2024.
This represents the expected growth in the market for medical devices other than pharmaceuticals in Poland.
Furthermore, it is anticipated that the revenue will exhibit an annual growth rate of 3.23% from 2024 to 2029, resulting in a market volume of US$1.36bn by 2029.
This indicates a positive trend in the market, showcasing the potential for further development and expansion in the country.
When comparing the revenue generated globally, it is noteworthy that the United States is expected to generate the highest revenue in the Other Medical Devices market market.
In 2024, it is projected to reach a staggering US$58,900.00m.
This highlights the significant contribution of the United States to the market on a global scale.
Poland's other medical devices market is witnessing a growing demand for innovative and cost-effective solutions to address the healthcare needs of its aging population.

Key regions: United Kingdom, China, Netherlands, Europe, Italy

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Analyst Opinion

The Other Medical Devices market in Poland is experiencing significant growth and development in recent years.

Customer preferences: Customers in Poland have shown a growing interest in Other Medical Devices, which include a wide range of products such as surgical instruments, dental equipment, and diagnostic devices. This can be attributed to the increasing awareness about the importance of healthcare and the availability of advanced medical technologies. Customers are also seeking products that offer high quality and reliability, as well as those that are cost-effective and provide value for money.

Trends in the market: One of the key trends in the Other Medical Devices market in Poland is the growing demand for innovative and technologically advanced products. Customers are increasingly looking for devices that offer improved accuracy, efficiency, and patient comfort. This has led to the development of new and advanced technologies in the market, such as robotic-assisted surgical systems and digital imaging devices. Additionally, there is a rising trend towards the use of minimally invasive procedures, which require specialized devices and instruments. Another trend in the market is the increasing adoption of digital health solutions. Customers are seeking devices that can connect to their smartphones or other digital platforms, allowing them to monitor their health conditions and access medical information more easily. This trend is driven by the growing use of mobile devices and the availability of healthcare apps and wearable devices.

Local special circumstances: Poland has a well-developed healthcare system, with a strong focus on providing high-quality care to its citizens. The government has implemented various initiatives to improve access to healthcare services and enhance the quality of care. This has created a favorable environment for the growth of the Other Medical Devices market. Additionally, Poland is a member of the European Union, which allows for the free movement of goods and services within the region. This has facilitated the import and export of medical devices, leading to a wider variety of products available in the market.

Underlying macroeconomic factors: The growth of the Other Medical Devices market in Poland is also influenced by several macroeconomic factors. The country has experienced steady economic growth in recent years, which has led to an increase in disposable income and healthcare expenditure. This has resulted in higher demand for medical devices and equipment. Additionally, Poland has a large aging population, which is driving the need for healthcare services and medical devices. The government's focus on improving healthcare infrastructure and promoting medical tourism has further contributed to the growth of the market. In conclusion, the Other Medical Devices market in Poland is witnessing significant growth and development, driven by customer preferences for innovative and technologically advanced products, the increasing adoption of digital health solutions, local special circumstances such as a well-developed healthcare system, and underlying macroeconomic factors including steady economic growth and an aging population.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

Modeling approach / Market size:

Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.