HUNGARY - 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: Budapest

Total area: 93 000 km²

Population: 9.9 million

Currency: Forint

Language: Hungarian

Structure of population:
0-14 years: 15%
15-64 years: 69.3%
65 years and over: 15.8% (2009 est.)

Healthcare expenditure: $1 533 per capita (at int. $ rate, 2007 data)

Number of hospitals: 180 (2006 data)

Healthcare financing: Hungarian healthcare is financed on different bases: outpatient specialist care is financed on a fee-for-service point system, acute inpatient and rehabilitation service on DRG system, chronic care on patient-days adjusted for the complexity of the case, primary care on patient capitation system. Payment for other services is determined on a case basis.

Medical device industry: The Hungarian medical device market was valued at $666 million in 2007 and is expected to reach $900 million by 2012. The annual growth is estimated at 6.2%. Hungary consumes about 1% of the total EU consumption; in 2005 they consumed €316 million in medical devices. The trade of medical devices is import-led. Around half of the market is supplied by imports. All imported products are required to go through a local distributor, usually one which has been approved by the Institute for Medical and Hospital Engineering (ORKI). Opportunity: privatization of public facilities.