Australia Medical Devices Report

Providing expert analysis, independent forecasts and competitive intelligence on the medical devices industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, Industry Risk Reward Index, Regulatory Development, Competitive Landscape and Regional and Country Industry Overviews.

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Australia Medical Devices Report
Product Price
$1,295.00

BMI View : Slower economic growth and a further weakening of the Australian dollar will continue to weigh on market growth in 2016, which will be negative in US dollar terms. Government austerity measures aimed at narrowing the budget deficit remain an additional threat to growth despite the strength of market drivers such as the ageing population, rising hospital admissions and the increasing prevalence of chronic age-related disease. Australia will be the slowest growing market in our Asia Pacific region.

Projected Medical Device Market, 2014-2019
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2014 5,001.4 211.7 5,549.4 234.8 1.1
2015 4,181.4 174.8 5,650.5 236.2 1.4
2016 4,049.9 167.2 5,785.6 238.8 1.4
2017 4,107.8 167.5 5,953.3 242.7 1.4
2018 4,311.5 173.6 6,159.4 248.0 1.4
2019 4,459.7 177.4 6,371.0 253.4 1.4

Latest Updates and Key Forecasts

  • We forecast that the market will record a negative 2014-2019 CAGR of 2.3% in US dollar terms, ranging from -3.6% for dental products to -0.6% for orthopaedics & prosthetics. The low dollar growth rate reflects a weak AUD, which will continue to depreciate against the US dollar in 2016 and 2017, following a sharp fall in 2015. We project that the market will decline from USD5,001.4mn in 2014 to USD4,459.7mn in 2019.

  • We expect import growth to remain negative in US dollar terms in 2015, due to the depreciation of the Australian dollar and cuts in health expenditure. Imports decreased by 5.0% y-o-y in 9M15 and by 7.8% y-o-y to USD1,120.1mn over the three months to November 2015.

  • Despite a decrease of 12.4% in US dollar terms during the three months to November 2015 to USD440.5mn, we expect export growth to resume in 2016 as purchasers take advantage of the weakened Australian dollar.

  • Medical device prices will be reviewed in the light of rising health insurance premiums, as part of the federal review of private health insurance. Reform of prostheses pricing will be made a priority through the establishment of an industry working group comprising health insurers, device manufacturers, hospitals, clinicians and consumers.

BMI Industry View
7
SWOT
10
Medical Device Market
10
Political
11
Economic
12
Operational Risk
13
Industry Forecast
15
Medical Device Market Forecast
15
2014-2019 Performance
15
Table: Projected Medical Device Market, 2014-2019
15
2009-2014 Performance
16
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
17
Consumables Market Forecast
22
Bandages & Dressings
22
Suturing Materials
23
Syringes, Needles & Catheters
23
Other Consumables
23
Table: Consumables Market, 2009-2019 (USDmn)
24
Table: Consumables Market, 2010-2019 (USDmn % Change)
25
Diagnostic Imaging Market Forecast
27
Electrodiagnostic Apparatus
27
Radiation Apparatus
28
Imaging Parts & Accessories
28
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
29
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
30
Dental Products Market Forecast
32
Capital Equipment
32
Instruments & Supplies
32
Table: Dental Products Market, 2009-2019 (USDmn)
33
Table: Dental Products Market, 2010-2019 (USDmn % Change)
34
Orthopaedics & Prosthetics Market Forecast
36
Fixation Devices
36
Artificial Joints
36
Other Artificial Body Parts
37
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
37
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USmn % Change)
38
Patient Aids Market Forecast
39
Portable Aids
39
Therapeutic Appliances
39
Table: Patient Aids Market, 2009-2019 (USDmn)
40
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
41
Other Medical Devices Market Forecast
43
Table: Other Medical Devices Market, 2009-2019 (USDmn)
44
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
45
Annual Medical Device Imports
47
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
50
Table: Medical Device Imports By Product Area 2010-2014 (USD000s, % Change)
52
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
53
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s, % Change)
54
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
55
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
56
Table: Detailed Medical Device Import Trends By Product Area, 2014
60
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
63
Monthly Medical Device Imports
67
Table: Monthly Medical Device Imports By Product Area, April 2012-May 2015 (USDmn)
67
Annual Medical Device Exports
70
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
74
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s, % Change)
75
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
76
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s, % Change)
77
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
79
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
80
Table: Detailed Medical Device Export Trends By Product Area, 2014
83
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
86
Table: Detailed Medical Device Balance Of Trade, 2010-2014 (USD000s)
89
Monthly Medical Device Exports
92
Table: Monthly Medical Device Exports By Product Area, April 2012-May 2015 (USDmn)
92
Macroeconomic Forecasts
95
Economic Analysis
95
Table: Economic Activity (Australia 2010-2019)
98
Industry Risk/Reward Index
99
Table: APAC Medical Device Risk/Reward Ratings, Q415
100
Market Overview
101
Medical Device Market Overview
101
Table: Medical Device Market, Key Ratios, 2014
102
Table: Medical Device Market By Product Area, 2014
103
Healthcare Overview
104
Health Status
104
Healthcare System
106
Healthcare Funding
110
Healthcare Resources
112
Table: Diagnostic Imaging Technology By Type, 2006-2014
114
Table: Diagnostic Imaging Technology Per Mn Population By Type, 2006-2014
114
Healthcare Activity
115
Healthcare Personnel
115
Key Healthcare Data
116
Table: Key Healthcare Data, 2009-2014
116
Industry Trends & Developments
118
Industry Trends & Developments
118
Regulatory Development
125
Medical Device Regulations
125
Competent Authority
125
Regulations
125
Australia New Zealand Therapeutic Products Agency
127
Table: TGA Application Audit Focus
128
Pricing & Reimbursement
129
Competitive Landscape
131
Domestic Medical Device Production
131
Domestic Medical Device Manufacturing
131
National Medical Device Manufacturers
131
Multinational Medical Device Manufacturers
138
Multinational Market Activity
140
Table: Multinational Activity, 2015
140
Medical Device Market Access
142
Methodology
144
Forecast Methodology
144
Trade Code Classifications
145
Table: Rearranged HS Trade Codes
146
Risk/Reward Index Methodology
149
Table: Medical Devices Risk/Reward Index Indicators
150
Sources
152
Contact
153

The Australia Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a BMI Research's 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 Australia provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Australia Medical Devices industry.

Key Benefits

  • Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Australia, 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 Australia.
  • Target Business Opportunities in the Australia Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Australia.
  • 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: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices. Additionally, presents annual and monthly import and export trade data.

Macroeconomic Forecasts

Presents macroeconomic forecasts impacting the medical devices market.

Industry Risk Reward Index

Risk Reward Indices 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 trends shaping the market, focusing on health status, healthcare system, healthcare funding, healthcare resources, healthcare activity and healthcare personnel. Includes historical healthcare data.

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

A focus on government healthcare reforms, epidemiological trends, mergers and acquisitions, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.

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.

Methodology

Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.