Polish laboratory diagnostics market expected to be worth PLN 1.4bn in 2012

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 1, 2010 -- More modest rate of growth expected in 2010

According to PMR estimates, in 2009 the IVD (in vitro diagnostics) market was worth more than PLN 1bn (€246m). During the current year, the rate of growth on the market will slow down as a result of increased difficulties faced by the National Health Fund (the NFZ). These are certain to have an adverse affect on the funding of healthcare benefits. However, given the wide range of market growth factors, PMR forecasts that the IVD market will see a high CAGR, of around 10% between 2009 and 2012, of the order of almost PLN 1.4bn (€320m).

Weakening of zloty unfavourable for in vitro manufacturers

In the opinion of representatives of companies interviewed for the purposes of the report, the crisis did not have a significant impact on the volume of orders. In most cases, IVD companies conclude agreements with the public healthcare sector, which has been less exposed to the adverse effects of the crisis in comparison with the private sector. In the words of Monika Stefanczyk, Head Pharmaceutical Market Analyst at PMR: “However, this does not mean that companies have not faced any problems, as enterprises which settled transactions in the euro or the US dollar were actually harmed.” In addition, the crisis has taken a toll on a number of state institutions which receive money from the Treasury less regularly and in smaller amounts. Foreign exchange movements were particularly difficult for the IVD market because companies operating in this arena buy some, or even all, of their products from foreign markets as imports or internal transactions between the branch offices of large concerns.

The press release is based on the report “In vitro diagnostics market in Poland 2010. Development forecasts for 2010-2012” published by PMR Publications in January 2010.

in vitro diagnostics     laboratory diagnostics     poland