Medical Device Market Large But Risky

BMI calculates the Greek medical device market to be worth EUR1.27bn (US$1.86bn) in 2008, making it one of the largest markets in Central and Eastern Europe (CEE). In total, spending represents 4.38% of total health expenditure, which is within the normal range of spending patterns found in the region. Sales of equipment have shown strong growth from 2005-2008, increasing by a compound annual growth rate (CAGR) of 22.1%.

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