ICELAND - Medical Device Industry and Demographic Data

Shown below you will find some basic demographic and economic data, plus information specific to the medical device and healthcare industry.

Capital city: Reykjavik

Total area: 103 000 km²

Population: 319,000

Structure of population:
0-14 years: 21%
15-64 years: 67%
65 years and over: 12% (2011 est.)

Life expectancy at birth:
Male: 80 years
Female: 84 years

Currency: Icelandic króna

Language: Icelandic, Danish, Norwegian, Swedish (English and German widely spoken)

Healthcare expenditures total (% of GDP): 9.8%

Healthcare expenditures per capita: $3722 (USD)

Expenditures on healthcare:
Government: 82%*
Private: 18%**

Number of hospitals: 2 main public hospitals, 0 private

Healthcare financing: The hospital financing is in transition. Currently hospitals operate on a fixed budget but there are initiatives to implement Nor-DRG system. Health care professionals are salaried employees except for medical specialists (dentists, most physiotherapists) in outpatient care outside the hospitals. These private practitioners are paid by State Social Security Institute on a fee-for-service base and by out-of-pocket payments from patients. GPs are also salaried employees and are located in healthcare centers.

* Government expenditures include all spending on healthcare passed through governmental agencies regardless of the funding source. Source: World Health Organization global health expenditure database. 2010 data.
** Private healthcare expenditures include private medical insurance, direct out-of-pocket payments by the consumer and other non-governmental sources. Source: World Health Organization global health expenditure database. 2010 data.