Business Monitor International


Australia Medical Devices Report

Published 24 January 2014

  • 153 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Australia Medical Devices Report

Espicom 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$4.8bn, the market ranks amongst the top 20 largest in the world, while per capita spending is on a par with European markets such as the Netherlands or Finland. Growth for the 2013-2018 period is expected to be subdued; estimated at a CAGR of 0.1% in US$ terms which will raise the market to US$4,836.5mn by 2018.

  • Since 2001, medical device imports have seen a period of sustained rapid growth. In 2012, imports reached a new high of US$4,523.6mn, rising by 3.9% over 2011. In CAGR terms, growth was 10.8% between 2007 and 2012. The running annual total reached US$4.6bn in the 12 months to October 2013, representing y-on-y growth of 2.2%.

  • Medical device exports bounced back strongly from the dip in 2009, recording strong growth over the 2010-2012 period. In 2012, exports rose by 10.5% to reach US$1,696.0mn. The running annual total reached US$1.7bn in the 12 months to October 2013, representing y-on-y growth of 1.7%. In 2012, the balance of trade deficit edged up to US$2,828mn.

  • 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 most attractive market in the Asia Pacific region for commercialising a medical device, according to BMI Espicom's Medical Device Risk/Reward Ratings (RRRs). The country's overall score for Q214 is 75.8 out of 100, which is marginally ahead of Japan (75.7).

Headline Healthcare Overview

  • Australia's population stands at over 23mn and is...

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
16
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
17
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$ Per Capita)
21
Table: Detailed Medical Device Market By Product Area, 2008-2018 (% Of Total)
24
Table: Detailed Medical Device Market By Product Area, 2009-2018 (US$, % Change)
28
Consumables Market Forecast
31
Table: Consumables Market, 2008-2018 (US$mn)
32
Table: Consumables Market, 2008-2018 (US$ Per Capita)
33
Table: Consumables Market, 2009-2018 (US$mn % Change)
34
Diagnostic Imaging Market Forecast
36
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
38
Table: Diagnostic Imaging Market, 2008-2018 (US$ Per Capita)
39
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
40
Dental Products Market Forecast
42
Table: Dental Products Market, 2008-2018 (US$mn)
43
Table: Dental Products Market, 2008-2018 (US$ Per Capita)
43
Table: Dental Products Market, 2009-2018 (US$mn % Change)
44
Orthopaedics & Prosthetics Market Forecast
46
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
47
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$ Per Capita)
47
Table: Orthopaedics & Prosthetics Market, 2009-2018 (USmn % Change)
48
Patient Aids Market Forecast
49
Table: Patient Aids Market, 2008-2018 (US$mn)
50
Table: Patient Aids Market, 2008-2018 (US$ Per Capita)
50
Table: Patient Aids Market, 2009-2018 (US$mn % Change)
51
Other Medical Devices Market Forecast
53
Table: Other Medical Devices Market, 2008-2018 (US$mn)
54
Table: Other Medical Devices Market, 2008-2018 (US$ Per Capita)
55
Table: Other Medical Devices Market, 2009-2018 (US$mn % Change)
56
Annual Medical Device Imports
59
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s)
62
Table: Medical Device Imports By Product Area 2008-2012 (US$000s, % Change)
63
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s)
64
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s, % Change)
65
Table: Medical Device Imports By Product Area, 2008-2012 (% Distribution)
66
Table: Leading Medical Device Suppliers By Product Area (US$000s)
67
Table: Leading Medical Device Suppliers By Product Area (% Distribution)
68
Table: Top 20 Medical Device Suppliers (US$000s)
69
Table: Detailed Medical Device Imports By Product Area, 2008-2012 (US$000s)
70
Table: Detailed Medical Device Import Trends By Product Area
73
Table: Detailed Leading Medical Device Suppliers By Product Area (US$000s)
76
Monthly Medical Device Imports
80
Table: Monthly Medical Device Imports By Product Area, September 2010-October 2013 (US$mn)
80
Annual Medical Device Exports
83
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s)
85
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s, % Change)
86
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s)
87
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s, % Change)
88
Table: Medical Device Exports By Product Area, 2008-2012 (% Distribution)
89
Table: Leading Medical Device Destinations By Product Area (US$000s)
90
Table: Leading Medical Device Destinations By Product Area (% Distribution)
91
Table: Top 20 Medical Device Destinations (US$000s)
92
Table: Detailed Medical Device Exports By Product Area, 2008-2012 (US$000s)
93
Table: Detailed Medical Device Export Trends By Product Area
96
Table: Detailed Leading Medical Device Destinations By Product Area (US$000s)
100
Table: Detailed Medical Device Balance Of Trade, 2008-2012 (US$000s)
103
Monthly Medical Device Exports
106
Table: Monthly Medical Device Exports By Product Area, September 2010-October 2013 (US$mn)
106
Macroeconomic Forecasts
108
Ongoing Misallocation Of Capital Increases Risks
110
Increasing Pressures For Greater Macro-Prudential Rules
111
Table: Australia - Economic Activity
113
Industry Risk Reward Ratings
114
Table: Asia Pacific Medical Device Risk/Reward Ratings, Q214
115
Market Overview
116
Medical Device Market Overview
116
Table: Medical Device Market, Key Ratios
117
Table: Medical Device Market By Product Area
118
Healthcare Overview
119
Health Status
119
Healthcare System
119
Healthcare Funding
121
Healthcare Resources
122
Table: Diagnostic Imaging Technology By Type, 2006-2012
123
Table: Diagnostic Imaging Technology Per Million Population By Type, 2006-2012
123
Healthcare Activity
124
Healthcare Personnel
124
Key Data
124
Table: Key Data, 2008-2013
124
Industry Trends & Developments
127
Industry Trends & Developments
127
Regulatory Development
132
Medical Device Regulations
132
Competent Authority
132
Regulations
132
Australia New Zealand Therapeutic Products Authority
134
Competitive Landscape
136
Domestic Medical Device Production
136
National Medical Device Manufacturers
136
Multinational Medical Device Manufacturers
140
Multinational Market Activity
142
Table: Multinational Market Activity, 2014
142
Methodology
144
Medical Device Market Methodology
144
Trade Code Classifications
145
Table: Used HS Trade Codes, 2014
145
Table: Rearranged HS Trade Codes, 2014
147
Risk/Reward Ratings Methodology
150
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
151
Sources
152
Contact
153

The Australia Medical Devices Report features forecasts for medical devices production, imports, exports and healthcare expenditure by Espicom, a Business Monitor International company (BMI). These forecasts focus on Consumables, Diagnostic Imaging Apparatus, Dental Products, Orthopaedic and Prosthetic Devices and other medical devices.

The breakdown of domestic production, domestic manufacturing, individual trade associations and multinational activity 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 Espicom’s Medical Devices expenditure 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 disease and demographic trends, regulatory developments, tax legislation and government subsidies, investment dynamics and domestic demand in Australia.
  • Assess the activities and market position of your competitors via our assessments of domestic production, imports and exports, trade associations, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.

Coverage

BMI Industry View

Covers geographic factors, political issues, and economic concerns, together with an overview of the country’s healthcare systems, health insurance regulations and health related projects which might have an impact on the country. These are presented in conjunction with estimates of health expenditure.

Market Developments

Provides analysis on the latest regulatory developments, key forecast indicators and major corporate developments, including production growth and government investment programmes.

Medical Market Analysis

Evaluates the market’s developments over the past year, comparing it with historical trends, and provides a forecast of future performance throughout our forecast period to end-2018. The report presents forecasts on the annual imports and exports for each of these sectors along with a monthly analysis of import and export trends and developments. There is also a detailed assessment of domestic production and domestic manufacturing, with a breakdown of individual trade associations, national and multinational manufacturers.

Medical Device Market Projections cover Market (US$mn), Per Capita (US$mn), (%) of total expenditure, and (%) change, for the below medical devices:

Consumables (US$mn): bandages and dressings, suturing materials, ostomy products, syringes, needles, and catheters.

Diagnostic Imaging (US$mn): electrodiagnostic, ultrasound, MRI, patient monitoring, CT scanners, X-ray apparatus, imaging parts and accessories.

Dental Products (US$mn): dental capital equipment, dental drills, dental chairs, dental X-rays, dental instruments and supplies, dental cements, teeth and other fittings.

Orthopaedic and prosthetic products (US$mn): fixation devices, artificial joints, and other artificial body parts.

Patient Aids (US$mn): portable aids, hearing aids, pacemakers, and therapeutic appliances.

Other medical devices (US$mn): wheelchairs, ophthalmic instruments, anaesthesia apparatus, dialysis apparatus, blood pressure monitors, endoscopy monitors, and hospital furniture.

Multinational Activity

Discusses the presence of multinational companies in the country, either via sales and distribution outlets, or through manufacturing facilities. ‘Domestic Manufacturing’ delineates the presence and activities of domestic medical device companies. Key company developments are incorporated, enabling a full evaluation of recent company performance and future growth prospects.

Accessing the Market

This section contains analysis of the overall market environment, distribution (including over 1,600 qualified sales agencies and distribution leads), import duties and taxes, procurement options (such as trade fairs, various expositions and procurement bodies), together with an explanation of the regulatory environment covering registration, labelling requirements and the use of second-hand equipment.

Directory

Contains details for Healthcare organisations, Professional Bodies, and Trade Associations, along with Trade Code Classifications.

Appendix – Statistical Tables

Extensive statistical tables provide historical data and forecasts from 2007-2018, identifying trends and changes in population, principle causes of death, public health expenditure, hospital data (including beds by type, discharge data, long stay patients by type), and hospital personnel.

secure
Benefit from discounts when you add multiple products to your basket
2 Products SAVE 10%
3 Products SAVE 15%
4 Products SAVE 20%
5 Products SAVE 25%
6 Products SAVE 30%
7 - 20 Products SAVE 35%
21 Products or more SAVE 40%

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