Business Monitor International

Norway Medical Devices Report

Published 10 April 2014

  • 146 pages
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...

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.


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 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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