Polish laboratory diagnostics market expected to be worth PLN 1.4bn in 2012
According to PMR estimates, in 2009 the IVD (in vitro diagnostics) market was worth more than PLN 1bn (€246m). During the current year, the rate of growth on the market will slow down as a result of increased difficulties faced by the National Health Fund (the NFZ). These are certain to have an adverse affect on the funding of healthcare benefits. However, given the wide range of market growth factors, PMR forecasts that the IVD market will see a high CAGR, of around 10% between 2009 and 2012, of the order of almost PLN 1.4bn (€320m).
Weakening of zloty unfavourable for in vitro manufacturers
In the opinion of representatives of companies interviewed for the purposes of the report, the crisis did not have a significant impact on the volume of orders. In most cases, IVD companies conclude agreements with the public healthcare sector, which has been less exposed to the adverse effects of the crisis in comparison with the private sector. In the words of Monika Stefanczyk, Head Pharmaceutical Market Analyst at PMR: “However, this does not mean that companies have not faced any problems, as enterprises which settled transactions in the euro or the US dollar were actually harmed.” In addition, the crisis has taken a toll on a number of state institutions which receive money from the Treasury less regularly and in smaller amounts. Foreign exchange movements were particularly difficult for the IVD market because companies operating in this arena buy some, or even all, of their products from foreign markets as imports or internal transactions between the branch offices of large concerns.
Management of hospital debts crucial for laboratory diagnostics market
Over the past five years, the Polish IVD market has been subject to fluctuations, caused primarily by the instability of the Polish medical system. In 1999, the past due and enforceable debts of Polish hospitals (past due liabilities which must be repaid) came to an unprecedented PLN 8.4bn (€2bn). During the same year the Polish government commenced a debt relief initiative to settle hospitals’ debts to the State Treasury. As a result, the legally enforceable debts were reduced to PLN 1.8bn (€450,000) in 2000. However, a failure to carry out the reforms along with the debt relief initiative significantly increased the debt levels of healthcare facilities again to PLN 5.9bn (€1.3bn) in 2004. Simultaneously, the total debts of hospitals, including amounts owing but not yet past due, exceeded PLN 10bn (€2.2bn). As the financial problems experienced by hospitals mounted, the Polish government once again provided support from the state budget. This time, however, the debts of hospitals were also subject to restructuring, and this resulted in the suspension of payments owed to IVD companies and other institutions. Consequently, in 2005 IVD sales suffered and the market’s monetary value remained at approximately the same level during the following year.
In total, the market CAGR was only 1% for the period 2005-2007, before recovering to more than 10% in 2008.
PMR Publications (www.pmrpublications.com) is a division of PMR, a company providing market information, advice and services to international businesses interested in Central and Eastern European countries and other emerging markets. PMR key areas of operation include market research (through PMR Research), consultancy (through PMR Consulting) and business publications (through PMR Publications). With over 13 years of experience, highly skilled international staff and coverage of over 20 countries, PMR is one of the largest companies of its type in the region.
ul. Supniewskiego 9, 31-527 Krakow, Poland
tel. /48/ 12 618 90 00, fax /48/ 12 618 90 08
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Polish laboratory diagnostics market expected to be worth PLN 1.4bn in 2012 here
News-ID: 120381 • Views: 969
More Releases from PMR Publications
Russian retail market recovered after the economic slowdown
Retail markets in all Russian Federal Districts increased in 2010 by total $80bn In 2010, Russian retail market recovered after the economic slowdown observed in the previous year and increased by 12.6% to RUB 16.4tr ($541bn). However, the latest PMR report „Retail in Russia 2011 – Regional focus. Market analysis and development forecasts for 2011-2013” shows that particular regional retail markets still reveal differences in their development due to their unique
Construction output in Poland up by 10% in 2011
The forthcoming year 2011 can be a breakthrough year for the construction industry in terms of construction output. Provided that the winter weather conditions are relatively favourable, the 2011 average annual growth rate can be up to 10%, driven by large civil engineering projects and major improvement in the building construction sector. According to a report prepared by research company PMR, which is entitled "Construction sector in Poland, H2 2010 -
Russian construction industry recovers after the downturn
For the first time this decade, in 2009 the construction industry in Russia, which was severely affected by the global economic downturn, shrank in comparison with the preceding year. In the current year, a recovery has begun, prompted by the numerous projects supported or directly funded by the government. In the next few months, growth in the construction industry will be driven by the civil engineering and residential construction subdivisions
Retail market in Russia to grow by almost 10% in 2010
The growth rate of the Russian retail sector dropped severely last year due to worsening economic conditions, weakening purchasing power growth and the depreciating rouble. As a result, the retail market's value increased by only 5% in 2009 after several years of roughly 25% annual growth. Nevertheless, the situation has improved this year, and the retail market is expected to once again reach double-digit growth rates in subsequent years. According to
More Releases for PLN
PT PLN (Persero)-Power Plants and SWOT Analysis | MarketResearchReports.biz
Latest industry research report on: PT PLN (Persero) Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts. The report contains a detailed description of the power generation companys business operations, history, corporate strategy, and business structure. This report contains a detailed SWOT analysis, information on key employees (executives), and major products and services. Complete Report Details @ https://www.marketresearchreports.biz/reports/1471720/pt-pln-persero-power-plants-and-swot-analysis-2017-update-market-research-reports Scope - Major Power Plants (assets) - summarized and detailed information
Rusatom Overseas and PLN Held Workshop on Russian Nuclear Power Plant Technologi …
JAKARTA, INDONESIA – Rusatom Overseas, JSC, a subsidiary of ROSATOM State Atomic Energy Corporation (ROSATOM) and PT PLN (PERSERO) held a workshop on the Russian Nuclear Power Plant (NPP) Technologies in Jakarta on April 19, 2016. The workshop covered the key topics in the area of nuclear energy industry development. Representatives of various ROSATOM subsidiaries shared with the Indonesian audience insights of the Russian experience in NPP design, its construction and
Telecom services for business account for PLN 18bn in Poland
Telecommunications services for companies and other operators (wholesale market) are an important element in the structure of revenues in the telecommunications industry in Poland. By the most recent measurement, the revenues generated by telecom services rendered to business customers amounted to approx. PLN 18bn in 2011, which represented 45% of the total value of the telecommunications services market in the country. In 2011, the total value of business and operator
Polish dietary supplements market to reach PLN 2.5bn by 2012
In 2011-2013, the market of dietary supplements in Poland will develop at a rate of 9-15% annually, according to the latest report published by PMR entitled „Dietary supplements market in Poland 2011. Development forecasts for 2011-2013”. Although the market growth rate is lower than in the preceding year, it should be noted that it still will be very high, e.g. higher than the rate for OTC medicines. PMR assumes that
Polish imaging diagnostics market will be worth more than PLN 1bn in 2012
In 2009 the Polish imaging diagnostics market was worth almost PLN 674m (€156m), according to the latest report by PMR, a research and consulting company, entitled “Imaging diagnostics market in Poland 2010. Development forecasts for 2010-2012”. Between 2010 and 2012, sales on this market will increase, on average, by 16% per annum. The main driving forces behind the market growth will include increases in capital expenditure in the private sector,
Private healthcare market in Poland worth PLN 28bn in 2009
In 2009 the Polish private healthcare market was worth PLN 27.9bn (€6.4bn), up by ca. 8% on 2008, according to the latest report by PMR, a research and consulting company, entitled “Private healthcare market in Poland 2010. Development forecasts for 2010-2012”. Private healthcare market comprises payments for drugs and medical equipment directly from patients’ pockets, cost of rehabilitation, diagnostic tests and doctor’s appointments covered directly from patients’ pockets, subscriptions offered