Business Monitor International


Australia Medical Devices Report

Published 28 October 2014

  • 153 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Australia Medical Devices Report

BMI Industry View : The Australian market has performed well in recent years, driven by a strongly-growing economy and the requirements of an increasingly elderly population. However, a weakening of the Australian dollar over the next five years is expected to bring the momentum in the market to a halt.

Headline Industry Forecasts

  • At US$4,903.9mn, the market ranks amongst the top 20 largest in the world, while per capita spending is on a par with European markets such as the Netherlands or Finland. Growth for the 2013-2018 period is expected to be subdued; estimated at a CAGR of 1.2% in US$ terms which will raise the market to US$5,206.9mn by 2018.

  • Since 2001, medical device imports have seen a period of sustained growth. In 2013, imports reached a new high of US$4,575.3mn, rising by 1.2% over 2012. In US$ CAGR terms, growth was 7.7% between 2008 and 2013. The running annual total reached US$4,664.9 in the 12 months to July 2014, representing y-on-y growth of 2.4%.

  • Medical device exports bounced back from the dip experienced in 2009, recording strong growth over the 2010-2011 period. Exports were pegged back again in 2012, but growth resumed in 2013 when a 3.1% increase took the total to US$1,732.0mn. The running annual total reached US$1.852.4mn in the 12 months to July 2014, representing y-on-y growth of 8.4%. In 2013, the balance of trade deficit edged up to US$2,843.3mn.

  • Australia has a large number of small manufacturers, mostly making hospital consumables and supplies. Production is generally high quality, but low tech; advanced products are almost always imported. The majority of production is consumed locally.

Headline Industry Risk/Reward Rating

  • Australia is the second most attractive market in the Asia Pacific (APAC) region for commercialising a medical device in Q115, according to BMI's Medical Device Risk/Reward Ratings (RRRs). The country's overall score for Q115 is 75.5 out of 100, up from 74.9 in Q414.

Headline Healthcare...

Table of Contents

Espicom Industry View
7
SWOT
9
Medical Device Market
9
Political
10
Economic
11
Business Environment
12
Industry Forecast
14
Medical Device Market Forecast
14
Table: Projected Medical Device Market, 2013-2018
17
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
18
Consumables Market Forecast
21
Bandages & Dressings
21
Suturing Materials
21
Syringes, Needles & Catheters
22
Other Consumables
22
Table: Consumables Market, 2008-2018 (US$mn)
23
Table: Consumables Market, 2009-2018 (US$mn % Change)
24
Diagnostic Imaging Market Forecast
25
Electrodiagnostic Apparatus
26
Radiation Apparatus
26
Imaging Parts & Accessories
26
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
27
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
28
Dental Products Market Forecast
29
Capital Equipment
29
Instruments & Supplies
30
Table: Dental Products Market, 2008-2018 (US$mn)
30
Table: Dental Products Market, 2009-2018 (US$mn % Change)
31
Orthopaedics & Prosthetics Market Forecast
32
Fixation Devices
33
Artificial Joints
33
Other Artificial Body Parts
33
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
34
Table: Orthopaedics & Prosthetics Market, 2009-2018 (USmn % Change)
34
Patient Aids Market Forecast
35
Portable Aids
36
Therapeutic Appliances
36
Table: Patient Aids Market, 2008-2018 (US$mn)
36
Table: Patient Aids Market, 2009-2018 (US$mn % Change)
37
Other Medical Devices Market Forecast
38
Table: Other Medical Devices Market, 2008-2018 (US$mn)
39
Table: Other Medical Devices Market, 2009-2018 (US$mn % Change)
40
Annual Medical Device Imports
42
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s)
45
Table: Medical Device Imports By Product Area 2009-2013 (US$000s, % Change)
46
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
47
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s, % Change)
48
Table: Top 20 Medical Device Suppliers, 2013 (US$000s)
49
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (US$000s)
50
Table: Detailed Medical Device Import Trends By Product Area, 2013
54
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (US$000s)
57
Monthly Medical Device Imports
61
Table: Monthly Medical Device Imports By Product Area, January 2011-February 2014 (US$mn)
61
Annual Medical Device Exports
64
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s)
68
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s, % Change)
69
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
70
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s, % Change)
71
Table: Top 20 Medical Device Destinations, 2013 (US$000s)
72
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (US$000s)
73
Table: Detailed Medical Device Export Trends By Product Area, 2013
76
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (US$000s)
80
Table: Detailed Medical Device Balance Of Trade, 2009-2013 (US$000s)
83
Monthly Medical Device Exports
86
Table: Monthly Medical Device Exports By Product Area, January 2011-February 2014 (US$mn)
86
Macroeconomic Forecasts
89
Macroeconomic Forecast
89
Monetary Easing Can Only Do So Much
90
Weaker AUD To Provide Some Reprieve
91
Table: Australia - Economic Activity
92
Industry Risk Reward Ratings
93
Table: Asia Pacific Medical Device Risk/Reward Ratings, Q314
94
Market Overview
95
Medical Device Market Overview
95
Table: Medical Device Market, Key Ratios, 2013
96
Table: Medical Device Market By Product Area, 2013
97
Healthcare Overview
98
Health Status
98
Healthcare System
98
Healthcare Funding
100
Healthcare Resources
101
Table: Diagnostic Imaging Technology By Type, 2006-2012
102
Table: Diagnostic Imaging Technology Per Million Population By Type, 2006-2012
102
Healthcare Activity
103
Healthcare Personnel
103
Key Healthcare Data
103
Table: Key Healthcare Data, 2008-2013
103
Industry Trends & Developments
106
Industry Trends & Developments
106
Regulatory Development
112
Medical Device Regulations
112
Competent Authority
112
Regulations
112
Australia New Zealand Therapeutic Products Authority
114
Competitive Landscape
116
Domestic Medical Device Production
116
National Medical Device Manufacturers
116
Multinational Medical Device Manufacturers
120
Multinational Market Activity
122
Table: Multinational Market Activity, 2014
122
Methodology
124
Medical Device Market Methodology
124
Trade Code Classifications
125
Table: Used HS Trade Codes, 2014
125
Table: Rearranged HS Trade Codes, 2014
127
Risk/Reward Ratings Methodology
130
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
131
Sources
132
Contact
133

The Australia Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a Business Monitor International (BMI) company. These forecasts and estimates focus on six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices.

Detailed product breakdown for market, trade and production data in Australia provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Australia Medical Devices industry.

Key Benefits

  • Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Australia, to test analysis as it is a key input for budgeting and strategic business planning. Use our standardised data to gain a better understanding of market performance in Australia.
  • Target Business Opportunities in the Australia Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Australia.
  • Assess the activities and market position of your competitors via our assessments of domestic production, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.

Coverage

BMI Industry View
Provides industry, political and economic views. Briefly analyses the Medical Devices market, taking into account the latest industry forecasts, healthcare indicators and industry trends & developments.

SWOT
SWOT analyses of the Medical Devices market, the political environment, the economic landscape and the business environment.

Industry Forecasts
Evaluates and analyses the Medical Devices market in terms of historical and forecast trends, covering six product areas and 40+ specific product categories. In addition, presents annual and monthly import and export trade data.

Product Areas:

  • Consumables: medical dressings, suturing materials, syringes, needles & catheters, blood-grouping reagents, first-aid boxes & kits, ostomy products and surgical gloves.
  • Diagnostic Imaging: electrocardiographs, ultrasound, MRI, scintigraphic apparatus, other electrodiagnostic apparatus (i.e. patient monitors), CT scanners, other X-ray apparatus, ABC ray apparatus, contrast media, X-ray film, X-ray tubes and other imaging parts & accessories.
  • Dental Products: dental drills, dental chairs, dental X-ray, dental cements, dental instruments and teeth & other fittings.
  • Orthopaedics & Prosthetics: fixation devices, artificial joints and other artificial body parts.
  • Patient Aids: hearing aids, pacemakers, other portable aids (i.e. stents), mechano-therapy apparatus and therapeutic respiration apparatus.
  • Other Medical Devices: wheelchairs, ophthalmic instruments, hospital furniture, medical/surgical sterilisers, UV/IF apparatus, blood pressure monitors, endoscopy monitors, dialysis apparatus, transfusion apparatus and anaesthesia apparatus.

Macroeconomic Forecasts
Presents macroeconomic forecasts impacting the Medical Devices market.

Industry Risk Rewards Rankings
Industry Risk Rewards Rankings (IRRR) tool, which provides a globally comparative and numerically based assessment of the Medical Devices market’s attractiveness.

Market Overview
Assesses the Medical Devices market in the current year. Additionally, covers healthcare intelligence affecting the market, including healthcare organisation, healthcare developments and health expenditure. Includes historical healthcare data, in terms of health status, health expenditure, health infrastructure, health services and health personnel.

Industry Trends & Developments
Analyses the latest industry trends and developments shaping the market, in terms of monthly trade performance, forecast trends, production changes, regulatory developments, competitive strategies, political events and economic performance.

Regulatory Developments
Focuses on the latest regulatory developments, covering the competent authority, the latest regulations and marketing registrations. Also, reviews key pricing & reimbursement measures.

Competitive Landscape
Values historical Medical Devices production, and analyses the presence of national and multinational manufacturers operating in the market. Also, compares the presence of leading multinational company operations, either via sales & marketing, distribution or manufacture. Finally, takes into account market access drivers, including major distribution channels, trade associations and trade shows.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc