Business Monitor International


Norway Medical Devices Report

Published 12 December 2014

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

BMI Industry View : The Norweg ian medical device market is limited by the size of the population , but enjoys above average per capi ta spendi ng 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$1,132.0mn in the 12 months to June 2014, representing y-o-y US dollar growth of 2.0%.

  • Exports of medical devices had a negative CAGR of -0.7% between 2008 and 2013. The running annual export total amounted to US$350.7mn in the 12 months to June 2014, representing y-o-y US dollar growth of 11.6%. 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 11 th equal with Denmark out of the 15 key markets covered in Western Europe (WE) for commercialising a medical device, according to BMI's Medical Device Risk/Reward Ratings (RRRs). After falling for two consecutive quarters in Q314 and Q414, Norway's score remained unchanged at 70.9 out of 100 in Q115. This score stands at below the WE average of 72.8.

Headline Healthcare Overview

  • Norway's population stands at 5.0mn in 2013, having risen at a CAGR of 1.1% since 2008. The...

Table of Contents

Espicom Industry View
7
SWOT
10
Medical Device Market
10
Political
11
Economic
12
Business Environment
13
Industry Forecast
14
Medical Device Market Forecast
14
2008- 2013 Performance
14
2013-2018 Performance
16
Table: Projected Medical Device Market, 2013-2018
17
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
18
Consumables Market Forecast
21
Bandages & Dressings
21
Suturing Materials
22
Syringes, Needles & Catheters
22
Other Consumables
22
Table: Consumables Market, 2008-2018 (US$mn)
22
Table: Consumables Market, 2009-2018 (US$mn % Change)
23
Diagnostic Imaging Market Forecast
25
Electrodiagnostic Apparatus
25
Radiation Apparatus
26
Imaging Parts & Accessories
26
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
27
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
28
Dental Products Market Forecast
29
Capital Equipment
30
Instruments & Supplies
30
Table: Dental Products Market, 2008-2018 (US$mn)
30
Table: Dental Products Market, 2009-2018 (US$mn % Change)
31
Orthopaedics & Prosthetics Market Forecast
32
Fixation Devices
32
Artificial Joints
33
Other Artificial Body Parts
33
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
33
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn % Change)
34
Patient Aids Market Forecast
35
Portable Aids
35
Therapeutic Appliances
35
Table: Patient Aids Market, 2008-2018 (US$mn)
36
Table: Patient Aids Market, 2009-2018 (US$mn % Change)
36
Other Medical Devices Market Forecast
37
Table: Other Medical Devices Market, 2008-2018 (US$mn)
38
Table: Other Medical Devices Market, 2009-2018 (US$mn % Change)
39
Annual Medical Device Imports
40
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s)
44
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s, % Change)
45
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
46
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s, % Change)
47
Table: Top 20 Medical Device Suppliers, 2013 (US$000s)
49
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (US$000s)
50
Table: Detailed Medical Device Import Trends By Product Area, 2013
53
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (US$000s)
57
Monthly Medical Device Imports
60
Table: Monthly Medical Device Imports By Product Area, May 2011-June 2014 (US$mn)
60
Annual Medical Device Exports
63
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s)
67
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s, % Change)
68
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
69
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s, % Change)
70
Table: Top 20 Medical Device Destinations, 2013 (US$000s)
72
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (US$000s)
73
Table: Detailed Medical Device Export Trends By Product Area, 2013
76
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (US$000s)
79
Table: Detailed Medical Device Trade Balance, 2009-2013 (US$000s)
83
Monthly Medical Device Exports
86
Table: Monthly Medical Device Exports By Product Area, May 2011-June 2014 (US$mn)
86
Macroeconomic Forecasts
89
Economic Analysis
89
Table: GDP Contribution To Growth (Norway 2011-2018)
94
Table: Long-Term Macroeconomic Forecasts (Norway 2014-2023)
95
Industry Risk Reward Ratings
96
Table: WE Medical Device Risk/Reward Ratings, Q414
97
Market Overview
98
Table: Medical Device Market, Key Ratios, 2013
99
Table: Medical Device Market By Category, 2013
100
Healthcare Overview
100
Health Status
100
Healthcare System
101
Healthcare Funding
106
Healthcare Resources
108
Healthcare Activity
108
Healthcare Personnel
109
Key Healthcare Data
109
Table: Key Healthcare Data, 2008-2013
109
Industry Trends & Developments
112
Table: Health Expenditure, 2009-2013
114
Regulatory Development
118
Medical Device Regulations
118
Competent Authority
118
NotifiedBodies
118
Competitive Landscape
119
Domestic Medical Device Production
119
Table: Medical Device Production By Product Area, 2009-2013 (EUR000s)
119
Table: Medical Device Production By Product Area, 2009-2013 (US$000s)
123
Table: Medical Device Production By Product Area, 2009-2013 (% Total)
126
National Medical Device Manufacturers
129
Multinational Medical Device Manufacturers
131
Multinational Market Activity
132
Table: Multinational Market Activity, 2014
132
Medical Device Market Access
133
Trade Associations
134
Table: LFH Members
134
Table: NLF Members - September 2014
135
Trade Shows
136
Methodology
137
Medical Device Market Methodology
137
Trade Code Classifications
138
Table: Used HS Trade Codes, 2014
138
Table: Rearranged HS Trade Codes, 2014
140
Risk/Reward Ratings Methodology
143
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
144
Sources
145
Contact
146

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.

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