Medical Devices Market To Experience 2009-2014 CAGR Of 6.06%

In 2009, the Swedish medical device market was valued at SEK18.51bn (US$2.16bn), following its 2004-2009 compound annual growth rate (CAGR) of 8.49% in local currency terms and 5.21% in US dollar terms. BMI notes that in the coming years, the country's strong emphasis on cost-containment within the public healthcare sector will negatively affect the performance of the medical devices market. As a result, we expect the medical devices sector to experience a 2009-2014 CAGR of 3.54% in local currency terms - reaching a value of SEK22.03bn in 2014. However, as a result of the strengthening dollar, the medical devices sector

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