Business Monitor International


Norway Medical Devices Report

Published 10 April 2014

  • 146 pages
 
$1,295.00
Norway Medical Devices Report

Espicom Industry View :   The Norweg ian medical device market is limited by the size of the population , but enjoys above average per capi ta spending of US$294 . The market is projected to grow at a US dollar CAGR of 3.1 % to 2018 with the ageing population the main growth driver. The market will continue to be import-led with much of domes tic production geared to the export market.

Headline Industry Forecasts

  • In 2013, the medical device market is estimated at US$1,483mn, equal to US$294 per capita. The market is projected to grow at a US dollar CAGR of 3.1% to reach US$1.7bn by 2018. Growth in NOK is expected to be higher at 5.3%.

  • Medical device imports grew at a US dollar CAGR of 2.0% between 2008 and 2013. The running annual import total reached US$1,115.3mn in the 12 months to December 2013, representing y-o-y US dollar growth of 4.6%.

  • Exports of medical devices had a negative CAGR of -0.7% between 2008 and 2013. The running annual export total amounted to US$331.2mn in the 12 months to December 2013, representing y-o-y US dollar growth of 7.3%. The balance of trade deficit increased to US$784.1mn in 2013.

  • Domestic production is relatively small scale with larger producers geared to the export market. Reported output is low at less than EUR100mn, but actual production is substantially higher as the official figures exclude data for the consumables and diagnostic imaging sectors due to the low number of producers. 

Headline Industry Risk/Reward Rating

  • Norway ranks 10 th out of the 15 key markets covered in Western Europe (WE) for commercialising a medical device, according to BMI Espicom's Medical Device Risk/Reward Ratings (RRRs). The country's overall score for Q314 is 71.5 out of 100, down from 72.6 in Q214, and just below the WE average.

Headline Healthcare Overview

  • Norway's population stands at 5.0mn in 2013, having risen at a CAGR of 1.1% since 2008. The proportion of the population aged 65 and over has risen by a...

Table of Contents

Espicom Industry View
7
SWOT
9
Medical Device Market
9
Political
10
Economic
11
Business Environment
12
Industry Forecast
13
Medical Device Market Forecast
13
2008- 2013 Performance
13
2013-2018 Performance
15
Table: Projected Medical Device Market, 2013-2018
16
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
17
Consumables Market Forecast
20
Bandages & Dressings
20
Suturing Materials
21
Syringes, Needles & Catheters
21
Other Consumables
21
Table: Consumables Market, 2008-2018 (US$mn)
21
Table: Consumables Market, 2009-2018 (US$mn % Change)
22
Diagnostic Imaging Market Forecast
24
Electrodiagnostic Apparatus
24
Radiation Apparatus
25
Imaging Parts & Accessories
25
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
26
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
27
Dental Products Market Forecast
28
Capital Equipment
29
Instruments & Supplies
29
Table: Dental Products Market, 2008-2018 (US$mn)
29
Table: Dental Products Market, 2009-2018 (US$mn % Change)
30
Orthopaedics & Prosthetics Market Forecast
31
Fixation Devices
31
Artificial Joints
32
Other Artificial Body Parts
32
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
32
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn % Change)
33
Patient Aids Market Forecast
34
Portable Aids
34
Therapeutic Appliances
34
Table: Patient Aids Market, 2008-2018 (US$mn)
35
Table: Patient Aids Market, 2009-2018 (US$mn % Change)
35
Other Medical Devices Market Forecast
36
Table: Other Medical Devices Market, 2008-2018 (US$mn)
37
Table: Other Medical Devices Market, 2009-2018 (US$mn % Change)
38
Annual Medical Device Imports
39
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s)
43
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s, % Change)
44
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
45
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s, % Change)
46
Table: Top 20 Medical Device Suppliers, 2013 (US$000s)
48
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (US$000s)
49
Table: Detailed Medical Device Import Trends By Product Area, 2013
52
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (US$000s)
55
Monthly Medical Device Imports
58
Table: Monthly Medical Device Imports By Product Area, January 2011-December 2013 (US$mn)
58
Annual Medical Device Exports
60
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s)
64
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s, % Change)
65
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
66
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s, % Change)
67
Table: Top 20 Medical Device Destinations, 2013 (US$000s)
69
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (US$000s)
70
Table: Detailed Medical Device Export Trends By Product Area, 2013
73
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (US$000s)
76
Table: Detailed Medical Device Balance Of Trade, 2009-2013 (US$000s)
79
Monthly Medical Device Exports
82
Table: Monthly Medical Device Exports By Product Area, January 2011-December 2013 (US$mn)
82
Macroeconomic Forecasts
85
Economic Analysis
85
GDP By Expenditure
88
Risks To Outlook
90
Table: GDP Contribution To Growth (Norway 2011-2019)
91
Table: Long-Term Macroeconomic Forecasts (Norway 2014-2023)
91
Industry Risk Reward Ratings
92
Table: WE Medical Device Risk/Reward Ratings, Q314
93
Market Overview
94
Table: Medical Device Market, Key Ratios, 2013
95
Table: Medical Device Market By Category, 2013
96
Healthcare Overview
96
Health Status
96
Healthcare System
97
Healthcare Funding
99
Healthcare Resources
101
Healthcare Activity
101
Healthcare Personnel
102
Key Healthcare Data
102
Table: Key Healthcare Data, 2008-2013
102
Industry Trends & Developments
105
Table: Health Expenditure, 2009-2013
110
Regulatory Development
113
Medical Device Regulations
113
Competent Authority
113
NotifiedBodies
113
Competitive Landscape
114
Domestic Medical Device Production
114
Table: Medical Device Production By Product Area, 2007-2012 (EUR000s)
114
National Medical Device Manufacturers
115
Multinational Medical Device Manufacturers
117
Multinational Market Activity
118
Table: Multinational Market Activity, 2014
118
Medical Device Market Access
119
Trade Associations
119
Table: LFH Members
120
Table: NLF Members - October 2013
121
Methodology
123
Medical Device Market Methodology
123
Trade Code Classifications
124
Table: Used HS Trade Codes, 2014
124
Table: Rearranged HS Trade Codes, 2014
126
Risk/Reward Ratings Methodology
129
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
130
Sources
131
Contact
132

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

Key Benefits

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