Future Prospects for the Medical Devices Market

The USA is the largest market for medical devices with a total value of 60 billion in 2000. The EU market is second largest at 41 billion, followed by Japan at 24.5 billion. In 2000, the EU accounted for 25.6% of the world medical devices market compared to an estimated 31.0% share in 1993. The reduction in overall market share is due partly to rapid expansion in medical technology sales in other markets, partly to market consolidation resulting in better distribution channels, and also because of reducing prices of medical devices. However, the decrease in world maiket share is also due to a significantly lower expenditure on healthcare (5.7% of GDP in EU compared to 13.9% in the USA and 7.1% in Japan). [Pg.140]

In 2002, other markets accoimted for 24% of total world polyamide consumption. [Pg.140]

In 2002, total polyamide consumption in other markets amoimted to 464,000 tonnes against 461,000 tonnes in 1999. World consumption increased by around 3.5% in 2000, but then declined in 2001 due to the downturn in world economic activity. In 2002, there was a modest recovery in demand across all major world regions. [Pg.140]

Western Europe is the largest user of polyamide in other markets accounting for 41% of total world consumption in 2002. North America with 31% is the second largest market, followed by [Pg.140]

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