Business Monitor International


Ireland Medical Devices Report

Published 06 June 2014

  • 174 pages
 
$1,295.00
Ireland Medical Devices Report

Espicom Industry View : Ireland represents a small, but advanced medical device market , which is valued at a n estimated EUR 603.9mn (US$797.2 mn ) in 2013. In US dollar terms, t he market contracted between 2008 and 201 3 , but returned to growth in 2013 and is forecas t to grow at a CAGR of 2.2 % in US dollars, to reach US$888.3 mn in 2018. Ireland has a strong medical device manufacturing sector, and is an attractive location for US and other firms to use as a European base.

Headline Industry Forecasts

  • Ireland's medical device market was valued at an estimated US$797.2mn in 2013, representing an 8.2% increase on 2012 in dollar terms. The market is forecast to grow at a CAGR of 2.2% in US dollars to reach US$888.3mn in 2018.

  • Medical device imports stood at US$US$1.622.8mn in 2013, up from US$1,550.1mn in 2012. The running annual total reached US$1,680.7mn in the 12 months to January 2014, representing y-o-y growth of 9.4%. Patient ands and consumables are the largest product areas in terms of imports and these categories are subject to a high level of re-exporting.

  • Ireland is one of the world's leading exporters of medical devices due to the presence of a large number of US multinationals, which use the country as a European manufacturing base . Medical device exports grew from US$7.8bn in 2008 to US$9.8bn in 2013, representing a CAGR of 4.7%. Exports totalled US$9,849.1mn in the 12 months to January 2014, a y-o-y increase of 3.5%.

  • Domestic medical device manufacturing is dominated by US multinationals, which produce mainly for export. There is very little locally owned manufacturing of finished products, apart from a number of small high-tech companies many of which are connected to Irish universities and/or receive government funding. Domestic output is estimated to exceed US$9.0bn with particular strengths in consumables, orthopaedics & prosthetics and patient aids.

Headline Industry Risk/Reward Rating

  • Ireland ranks as one of the...

The Ireland 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 Ireland provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Ireland Medical Devices industry.

Key Benefits

  • Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Ireland, 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 Ireland.
  • Target Business Opportunities in the Ireland Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Ireland.
  • 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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