ICELAND - Medical Device Industry and Demoghraphic Data

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

Capital city: Reykjavik

Total area: 103 000 km²

Population: 306 694

Structure of population:
0-14 years: 20.7%
15-64 years: 67.1%
65 years and over: 12.2% (2009 est.)

Currency: Icelandic krόna

Language: Icelandic, Danish, Norwegian, Swedish (English and German widely spoken)

Healthcare expenditure: $3 273per capita (at int. $ rate, 2007 data)

Number of hospitals: 2 main public hospitals, 0 private

Healthcare financing: The hospital financing is in transition. Currently hospitals operate on a fixed budget but there are initiatives to implement Nor-DRG system. Health care professionals are salaried employees except for medical specialists (dentists, most physiotherapists) in outpatient care outside the hospitals. These private practitioners are paid by State Social Security Institute on a fee-for-service base and by out-of-pocket payments from patients. GPs are also salaried employees and are located in healthcare centers.