Business Monitor International


Ireland Medical Devices Report

Published 03 February 2014

  • 174 pages
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$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 US$784.4mn in 2013. The market contracted between 2008 and 2012, but has returned to growth in 2013 and is forecast to grow at a CAGR of 2.4% in US dollars, to reach US$881.1mn 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$784.4mn in 2013, representing a 3.2% decline on 2012 in dollar terms. The market is forecast to grow at a CAGR of 2.4% in US dollars to reach US$881.1mn in 2018.

  • Medical device imports stood at US$US$1.525.5mn in 2012, down from US$1,853.7mn in 2008. The running annual total reached US$1,561.1mn in the 12 months to October 2013, representing y-o-y growth of 2.7%. 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$9.4bn in 2012, representing a CAGR of 7.8%. Exports have faltered in 2013; the annual total was US$9,535.9mn in the 12 months to October 2013, a fall of 2.2%.

  • 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$8.0bn with particular strengths in consumables, orthopaedics & prosthetics and patient aids.

Headline Industry Risk/Reward Rating

  • Ireland ranks as one of the least attractive...

Table of Contents

Espicom Industry View
7
SWOT
9
Medical Device Market
9
Political
11
Economic
12
Industry Forecast
13
Medical Device Market Forecast
13
Past Performance 2008-2013
13
Future Performance 2013-2018
15
Table: Projected Medical Device Market, 2013-2018
16
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
17
Table: Detailed Medical Device Market By Product Area (US$ Per Capita), 2008-2018
20
Table: Detailed Medical Device Market By Product Area, % Of Total, 2008-2018
23
Table: Detailed Medical Device Market By Product Area (US$mn, % Change)
27
Consumables Market Forecast
30
Table: Consumables Market, 2008-2018 (US$mn)
30
Table: Consumables Market, 2008-2018 (US$ Per Capita)
32
Table: Consumables Market, 2009-2018 (US$mn % Change)
33
Diagnostic Imaging Market Forecast
35
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
36
Table: Diagnostic Imaging Market, 2008-2018 (US$ Per Capita)
37
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
39
Dental Products Market Forecast
41
Table: Dental Products Market, 2008-2018 (US$mn)
42
Table: Dental Products Market, 2008-2018 (US$ Per Capita)
42
Table: Dental Products Market, 2009-2018 (US$mn % Change)
43
Orthopaedics & Prosthetics Market Forecast
45
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
46
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$ Per Capita)
46
Table: Orthopaedics & Prosthetics Market, 2009-2018 (% Change)
47
Patient Aids Market Forecast
48
Table: Patient Aids Market, 2008-2018 (US$mn)
49
Table: Patient Aids Market, 2008-2018 (US$ Per Capita)
49
Table: Patient Aids Market, 2009-2018 (US$mn % Change)
50
Other Medical Devices Market Forecast
52
Table: Other Medical Devices, 2008-2018 (US$mn)
53
Table: Other Medical Devices Market, 2008-2018 (US$ Per Capita)
54
Table: Other Medical Devices Market, 2009-2018 (US$mn % Change)
55
Annual Medical Device Imports
57
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s)
60
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s, % Change)
61
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s)
62
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s, % Change)
63
Table: Medical Device Imports By Product Area, 2008-2012 (% Distribution)
65
Table: Leading Medical Device Suppliers By Product Area, 2012 (US$000s)
68
Table: Leading Medical Device Suppliers By Product Area, 2012 (% Distribution)
69
Table: Top 20 Medical Device Suppliers, 2012 (US$000s)
70
Table: Detailed Medical Device Imports By Product Area, 2008-2012 (US$000s)
71
Table: Detailed Medical Device Import Trends By Product Area, 2012
74
Table: Detailed Leading Medical Device Suppliers By Product Area, 2012 (US$000s)
78
Monthly Medical Device Imports
82
Table: Monthly Medical Device Imports By Product Area, September 2010 - October 2013 (US$mn)
82
Annual Medical Device Exports
85
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s)
87
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s, % Change)
88
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s)
89
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s, % Change)
90
Table: Medical Device Exports By Product Area, 2008-2012 (% Distribution)
92
Table: Leading Medical Device Destinations By Product Area, 2012 (US$000s)
94
Table: Leading Medical Device Destinations By Product Area, 2012 (% Distribution)
95
Table: Top 20 Medical Device Destinations, 2012 (US$000s)
96
Table: Detailed Medical Device Exports By Product Area, 2012 (US$000s)
97
Table: Detailed Medical Device Export Trends By Product Area, 2012
100
Table: Detailed Leading Medical Device Destinations By Product Area, 2012 (US$000s)
104
Table: Detailed Medical Device Balance Of Trade, 2008-2012 (US$000s)
107
Monthly Medical Device Exports
111
Table: Monthly Medical Device Exports By Product Area, September 2010 - October 2013 (US$mn)
111
Macroeconomic Forecasts
114
Economic Analysis
114
Table: Ireland - Economic Activity
120
Industry Risk Reward Ratings
121
Table: West European Medical Device Risk/Reward Ratings, Q214
122
Market Overview
123
Medical Device Market Overview
123
Oveview
123
Table: Medical Device Market, Key Ratios
124
The Market In 2013
124
Table: Medical Device Market By Product Area, 2013
125
Healthcare Overview
127
Health Status
127
Healthcare System
127
Healthcare Funding
129
Healthcare Resources
131
Table: Diagnostic Imaging Technology By Type, 2005-2012
132
Healthcare Activity
133
Healthcare Personnel
133
Key Data
133
Table: Key Data, 2008-2013
133
Industry Trends And Developments
136
Industry Trends & Developments
136
Regulatory Development
140
Medical Device Regulations
140
Competent Authority
140
Notified Body
140
Regulations
140
EU Medical Device Regulations
141
Designated Authorities
141
Existing Regulations
141
Proposed Regulatory Changes
142
Implications For The Industry
144
Medical Device Pricing & Reimbursement
144
Competitive Landscape
146
Domestic Medical Device Production
146
Table: Medical Device Production By Product Area, 2008-2012 (EURmn)
146
Table: Medical Device Production By Product Area, 2008-2012 (US$mn)
149
Domestic Medical Device Manufacturing
152
National Medical Device Manufacturers
153
Multinational Medical Device Manufacturers
156
Multinational Market Activity
163
Table: Multinational Market Activity, 2014
163
Medical Device Market Access
163
Market Environment
163
Distribution
163
Trade Organisations
164
Trade Fairs
164
Methodology
165
Medical Device Market Methodology
165
Trade Code Classifications
166
Table: Used HS Trade Codes, 2014
166
Table: Rearranged HS Trade Codes, 2014
168
Risk/Reward Ratings Methodology
171
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
172
Sources
173
Contact
174

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

Key Benefits

  • Benchmark Espicom’s Medical Devices expenditure 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 disease and demographic trends, regulatory developments, tax legislation and government subsidies, investment dynamics and domestic demand in Ireland.
  • 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.

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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