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Sweden has a small but growing medical device manufacturing sector. Although most domestic manufacturers are small to medium-sized businesses, numerous international medical device manufacturers have operations in Sweden.
The Sweden 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.
Despite the economic difficulties plaguing much of Europe, the Swedish medical device business continues to show resilience. Despite the rising demand for cutting-edge products brought on by Sweden’s ageing population, government budget cuts will marginally limit market growth. The best effective medical equipment will be reasonably priced and provide innovation and good health outcomes.
The healthcare system in Sweden is decentralised. In Sweden, the central government, the regions, and the municipalities all share administrative and political control over health care. It is the duty of the 21 regions to offer medical and health services and to encourage a high level of health among the populace.
The regions are in charge of general planning of the services provided as well as resource allocation for the health services. The hospitals, clinics, and other facilities are owned and run by the regions.
In addition to running the nursing homes, the 290 towns are in charge of caring for the aged and the disabled. Primary care facilities, nursing homes for the elderly, and private healthcare providers receive subcontracts for 16% of the total cost of healthcare. Eight of Sweden’s 80 hospitals are regional ones that provide highly specialised care and are the main centres for teaching and research.
A small number of hospitals are run by private business owners. Innovative solutions that are efficient in treating and preventing chronic and age-related disorders are welcomed by the local healthcare sector.
Diabetes goods, orthopaedic and implantable devices, minimally/non-invasive equipment, and user-friendly home care gadgets continue to be in high demand.
