Medical Devices - Suriname

  • Suriname
  • The Medical Devices market market in Suriname is expected to achieve a revenue of US$33.20m by 2024.
  • Among the various markets, Cardiology_Devices is projected to be the largest, with a market volume of US$5.54m in 2024.
  • The market is anticipated to grow at an annual growth rate (CAGR 2024-2029) of 9.96%, leading to a market volume of US$53.38m by 2029.
  • When compared globally, the United States is expected to generate the highest revenue of US$181.00bn in 2024.
  • Suriname is experiencing a growing demand for advanced medical devices as the country strives to improve its healthcare infrastructure.

Key regions: Germany, Spain, Japan, United Kingdom, United States

 
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Analyst Opinion

The Medical Devices market in Suriname is experiencing significant growth and development. Customer preferences in Suriname are shifting towards more advanced and innovative medical devices. This trend is driven by several factors, including the increasing demand for quality healthcare services, the growing elderly population, and the government's focus on improving healthcare infrastructure. Customer preferences in Suriname are heavily influenced by global and regional market trends. As the global medical devices market continues to expand, customers in Suriname are becoming more aware of the latest advancements and technologies in the field. They are seeking out medical devices that offer superior performance, durability, and ease of use. Additionally, customers in Suriname are increasingly looking for devices that can provide accurate and reliable diagnostic results, as well as those that can improve patient comfort and overall healthcare outcomes. One of the key trends in the Medical Devices market in Suriname is the increasing demand for diagnostic devices. With the growing prevalence of chronic diseases, there is a greater need for accurate and timely diagnosis. Customers in Suriname are seeking out medical devices that can provide quick and accurate results, such as advanced imaging systems, blood glucose monitors, and cardiac monitors. These devices not only help in the early detection of diseases but also enable healthcare professionals to monitor patients' conditions more effectively. Another trend in the market is the rising demand for home healthcare devices. With the aging population and the increasing preference for home-based care, there is a growing need for medical devices that can be used at home. Customers in Suriname are looking for devices such as home blood pressure monitors, glucose meters, and respiratory devices that can help them manage their health conditions from the comfort of their own homes. This trend is also driven by the COVID-19 pandemic, which has led to an increased focus on remote healthcare and telemedicine. In addition to these global trends, there are also local special circumstances that are driving the development of the Medical Devices market in Suriname. The country has a relatively small healthcare infrastructure, with limited access to specialized medical services. This has created a demand for medical devices that can provide accurate and reliable diagnostic results, as well as those that can be easily operated by healthcare professionals in remote areas. Furthermore, Suriname is experiencing an increase in medical tourism, with patients from neighboring countries seeking medical treatment in the country. This has created a demand for advanced medical devices that can cater to the needs of international patients. Underlying macroeconomic factors, such as the country's economic growth and government initiatives to improve healthcare infrastructure, are also contributing to the development of the Medical Devices market in Suriname. The government has been investing in the expansion of healthcare facilities and the training of healthcare professionals, which has created a favorable environment for the adoption of advanced medical devices. Overall, the Medical Devices market in Suriname is witnessing significant growth and development, driven by customer preferences for advanced and innovative devices, global and regional market trends, local special circumstances, and underlying macroeconomic factors.

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.

Overview

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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