Business Monitor International


United States Medical Devices Report

Published 12 December 2014

  • 197 pages
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$1,295.00
United States Medical Devices Report

BMI Industry View : The US medical market is forecast to see steady growth over the next five years, despite a slowdown in health spending , the impact of the newly introduced Medical Device Excise Tax and uncertainties within the healthcare system in the wake of the Patient Protection and Affordable Care Act. Imports have been growing in line with the market, which remains by far the world's largest. Exports are continuing to rise as US manufacturers seek out opportunities in emerging global markets.

Headline Industry Forecasts

  • At an estimated US$125.4bn in 2013, the US medical device market is the world's largest. Per capita expenditure, at US$392, is the second highest in the world, behind only Switzerland. The market is projected to grow at a CAGR of 6.1% over the 2013-2018 period, as it settles down into a more consistent pattern after the volatile 2008-2013 period.

  • Medical device imports increased by 4.6% to reach a record high of US$37,751mn in 2013. Over the last ten years, the only year not to show an increase was 2009 when the impact of the global economic crisis led to a 5.9% fall in imports. Imports increased at a CAGR of 4.3% over the 2008-2013 period. The running annual total reached US$38.9bn in the 12 months to August 2014, representing y-o-y growth of 5.1%.

  • Medical device exports grew at a CAGR of 4.5% over the 2008-2013 period. The running annual total reached US$44.1bn in the 12 months to August 2014, representing y-o-y growth of 1.6%. The balance of trade surplus fell sharply in 2013, to total US$5.7bn.

  • Many of the world's leading medical device companies are based in the US. The top ten US medical device manufacturers achieved combined global revenues of US$112.3bn in fiscal 2013.

Headline Industry Risk/Reward Rating

  • The USA is the most attractive market in the Americas region for commercialising a medical device, according to BMI's Medical Device Risk/Reward Ratings (RRRs). The country's overall score for Q115 is 79.5...

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
14
Table: Projected Medical Device Market, 2013-2018
15
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
16
Consumables Market Forecast
19
Bandages & Dressings
20
Suturing Materials
20
Syringes, Needles & Catheters
20
Other Consumables
20
Table: Consumables Market, 2008-2018 (US$mn)
21
Table: Consumables Market, 2009-2018 (US$mn % Change)
22
Diagnostic Imaging Market Forecast
23
Electrodiagnostic Apparatus
24
Radiation Apparatus
25
Imaging Parts & Accessories
25
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
26
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
27
Dental Products Market Forecast
28
Capital Equipment
28
Instruments & Supplies
29
Table: Dental Products Market, 2008-2018 (US$mn)
30
Table: Dental Products Market, 2009-2018 (US$mn % Change)
30
Orthopaedics & Prosthetics Market Forecast
31
Fixation Devices
32
Artificial Joints
32
Other Artificial Body Parts
32
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
33
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn % Change)
33
Patient Aids Market Forecast
35
Portable Aids
35
Therapeutic Appliances
35
Table: Patient Aids Market
35
Table: Patient Aids Market, 2009-2018 (US$mn % Change)
36
Other Medical Devices Market Forecast
37
Table: Other Medical Devices Market, 2008-2018 (US$mn)
37
Table: Other Medical Devices Market, 2009-2018 (US$mn % Change)
38
Annual Medical Device Imports
40
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: Top 20 Medical Device Suppliers, 2013 (US$000s)
46
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (US$000s)
47
Table: Detailed Medical Device Import Trends By Product Area, 2013
50
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (US$000s)
53
Monthly Medical Device Imports
57
Table: Monthly Medical Device Imports By Product Area, May 2011-June 2014 (US$mn)
57
Annual Medical Device Exports
59
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s)
62
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s % Change)
63
Table: Top 20 Medical Device Destinations, 2013 (US$000s)
65
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (US$000s)
66
Table: Detailed Medical Device Export Trends By Product Area, 2013
69
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (US$000s)
72
Table: Detailed Medical Device Balance Of Trade, 2009-2013 (US$000s)
75
Monthly Medical Device Exports
78
Table: Monthly Medical Device Exports By Product Area, May 2011-June 2014 (US$mn)
79
Macroeconomic Forecasts
81
Economic Analysis
81
Table: GDP By Expenditure (United States 2011-2018)
86
Industry Risk Reward Ratings
88
Table: Americas Medical Device Risk/Reward Ratings, Q414
89
Market Overview
90
Medical Device Market Overview
90
Table: Medical Device Market, Key Ratios, 2013
91
Table: Medical Device Market By Product Area, 2013
91
Healthcare Overview
92
Health Status
92
Healthcare System
92
Healthcare Funding
93
Table: Marketplace Enrolment As A Share Of The Potential Marketplace Population (to April 19 2014)
98
Table: Largest Health Insurance & Managed Care Companies By Revenue, 2012
101
Healthcare Resources
101
Table: Medical Technology By Type, 2006-2012 (Units)
102
Table: Diagnostic Exams By Type, 2005-2011
103
Healthcare Activity
105
Healthcare Personnel
105
Key Healthcare Data
106
Table: Key Healthcare Data, 2008-2013
106
Industry Trends & Developments
109
Regulatory Development
116
Medical Device Regulations
116
Medical Device Pricing & Reimbursement
131
Competitive Landscape
134
Domestic Medical Device Production
134
Table: Summary Sector Trends, 1999-2007 (US$mn)
134
Table: Medical Equipment Production By Category, 2007 (US$mn)
135
Table: US Census Bureau NAICS Codes & Description
138
Table: Establishments, Workers & Shipments By Top Five States & Industry Sector, 2002
138
National Medical Device Manufacturers
139
Multinational Market Activity
153
Table: Multinational Market Activity, 2014
153
Medical Device Market Access
157
Distribution
157
Trade Organisations
158
Trade Shows
159
Methodology
160
Medical Device Market Methodology
160
Trade Code Classifications
161
Table: Used HS Trade Codes, 2014
161
Table: Rearranged HS Trade Codes, 2014
163
Risk/Reward Ratings Methodology
166
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
167
Sources
168
Contact
169

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

Key Benefits

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