Medical equipment market drops 40%

The medical equipment market, an annual business worth over a hundred million euros, fell by around 35-40% this year according to estimates by GE Healthcare, one of the leading players in the sector.
“At this time one can notice a decline in demand in the private sector. Among the explanations are the decline in the funders’ risk appetite, which shows in expensive funding offers, at least when compared against the 2007-2008 period, the rise in the risk profile of operators because of the decline in revenues, as well as the technological depreciation and lower appetite for development because of cash flow problems,” said Radu Lupu-Gorduza, GE Healthcare zone manager for Romania and the Republic of Moldova.
GE Healthcare posted over 20 million euros in sales last year on the Romanian market, both directly through General Electric Medical Systems Romania SRL, and through other commercial partners.
On the medical equipment market, estimated at over 150 million euros, GE Healthcare competes with Siemens and Philips.