GREECE - Medical Device Industry and Demographic Data

Shown below you will find some basic demographic and economic data, plus information specific to the medical device and healthcare industry.

Capital city: Athens

Total area: 131957 km²

Population: 11.1 million

Currency: euro

Language: Greek

Structure of population:
0-14 years: 14.2%
15-64 years: 66.6%
65 years and over: 19.2% (2009 est.)

Healthcare expenditure: $2 727 per capita (at int. $ rate, 2007 data)

Number of hospitals: 317 (2005 data)

Healthcare financing: Hospital's financing is based on annual budget allocation. However, there are initiatives for implementing DRG system in the future. Physicians are on fulltime salaries (rural health centers) or fee-for-service basis (urban centers).

Medical device industry: In 2005, the market size was valued at €1290 million. In 2005 Greece consumed €599 million in medical devices; on average 2% of the total EU consumption. The trade of medical devices is import-led. In 2005, imports reached €775.7 million and exports €46 million. The turnover of domestic medical devices amounted to €5.5 million in 2005. The market growth is estimated at an average 7% per annum. In 2006 there were 291 medical device manufacturers and importers. In the past years, higher demand is observed for artificial kidney apparatus, followed by laboratory automatic analysis equipment and x-ray diagnostic equipment.