HUNGARY MEDICAL DEVICES MARKET

INTRODUCTION

 The National Institute for Health Insurance Fund Management and taxes are the main sources of funding for the Hungarian healthcare system. Access to secondary healthcare as well as ambulatory care is made possible by NEAK's universal coverage. Most medical services are free.  The competent authority for in vitro and medical devices in Hungary is called OGYEI.

The Hungarian government of the member state has given the Competent Authority authority to act on its behalf to see that the Medical Device Regulations are followed.  Any device intended by the manufacturer to be used, either alone or in combination, for a medical purpose qualifies as a medical device.

This includes instruments, apparatuses, implements, machines, appliances, implants, reagents for in vitro use, software, materials, and other similar or related items.

Despite recent significant advances in both the average life expectancy of men and women, many health outcomes are still subpar, ranking Hungary among the EU nations with the worst health status and greatest preventable death rates.

HUNGARY MEDICAL DEVICES MARKET SIZE AND FORECAST

 The Hungary Medical Devices market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

HUNGARY MEDICAL DEVICES MARKET DYNAMICS

The government of Hungary was able to support Beurer thanks to coronavirus investment programmes, enabling the business to turn the location into a European production plant for medical devices. Now that the new production hall has been opened.

At the Beurer production site's opening, the Beurer Hungary team was joined by the German Managing Directors, the Hungarian Minister of Foreign Affairs and Trade, and representatives from the business and political spheres. 

Beurer was given help as a German firm that has continued to invest in innovative ideas and has protected jobs despite exceptionally challenging circumstances during the epidemic, thanks to the government subsidy from Hungary to stimulate investment. 

They are thrilled that by enlarging the Hungary plant, they can greatly increase our manufacturing in Europe. They are demonstrating strong German brands in European trade in this way, and it will also provide them the freedom to operate outside of  Hungary supply networks. At the celebration, Beurer Managing Director adds that this also increases flexibility.

HUNGARY MEDICAL DEVICES MARKET COMPANY PROFILES

• Victofon. Celitron Medical Technologies
• Diagon Diagnostics Ltd.
• Innomed Medical Inc.
• Mediso Medical Imaging Systems.
• Digiterm Ltd.
• Clinichem Ltd.
• Control-X Medical Ltd.

THIS HUNGARY MEDICAL DEVICES MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many  Medical Devices are manufactured per annum in Hungary? Who are the sub-component suppliers in this region?
2. Cost breakup of a  Hungary  Medical Devices and key vendor selection criteria
3. Where are the  Medical Devices manufactured? What is the average margin per unit?
4. Market share of  Hungary  Medical Devices market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture  Hungary  Medical Devices in-house
6. key predictions for next 5 years in  Hungary  Medical Devices market
7. Average B-2-B  Medical Devices market price in all segments
8. Latest trends in  Medical Devices market, by every market segment
9. The market size (both volume and value) of the  Medical Devices market in 2024-2030 and every year in between?
10. Production breakup of  Medical Devices market, by suppliers and their OEM relationship