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 : Investment in Australia's research infrastructure will support development of the country's medtech sector and contribute to growth in the medical device market. We have revised up our medical device market forecasts on the back of key drivers such as ageing demographics, the increasing prevalence of chronic diseases contributing to rising hospital admissions and the government's commitment to innovation. However, a further weakening of the Australian dollar means that in US dollar terms the market will remain one of the slowest performers within the Asia region.

Projected Medical Device Market, 2015-2020
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2015 4,664.0 194.6 6,198.1 258.6 1.3
2016 4,765.3 196.0 6,532.3 268.7 1.4
2017 4,815.2 195.4 6,830.1 277.2 1.4
2018 4,755.0 190.5 7,150.4 286.4 1.5
2019 4,859.6 192.2 7,476.3 295.7 1.5
2020 5,090.5 198.9 7,831.5 305.9 1.5

Latest Updates And Key Forecasts

  • We forecast that the market will increase at a CAGR of 1.8% in US dollar terms over the 2015-2020 period, with growth ranging from 1.0% for diagnostic imaging to 2.6% 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.

  • Imports increased by 1.7% y-o-y to USD1.1bn over the three months to April 2016 and we are optimistic that this is a precursor to modest growth in 2016, a view strengthened by the increased allocation for health in the government's May budget.

  • We expect a comparatively weak export performance in 2016 despite the competitive advantages of a depreciating Australian dollar coupled with an unexpected sharp rise in exports in April 2016 which was responsible for a 5.9% rise to USD486.1mn for the three month period to April 2016.

  • The Medical Technology Association of Australia has welcomed the launch of a consultation on Australia's future research infrastructure priorities citing the need for greater co-ordination to ensure the country's medtech sector is competitive with other medtech industries across the globe.

BMI Industry View
9
Table: Projected Medical Device Market, 2015-2020
9
Latest Updates And Key Forecasts
9
SWOT
10
Medical Device Market
10
Industry Forecast
11
Medical Device Market Forecast
11
Latest Updates
11
Structural Trends
13
Table: Detailed Medical Device Market By Product Area, 2010-2020 (USDmn)
14
Consumables Market Forecast
18
Latest Updates
18
Structural Trends
19
Bandages & Dressings
19
Suturing Materials
21
Syringes, Needles & Catheters
21
Other Consumables
21
Table: Consumables Market, 2010-2020 (USDmn)
22
Table: Consumables Market, 2011-2020 (USDmn % Change)
23
Diagnostic Imaging Market Forecast
24
Latest Updates
24
Structural Trends
25
Electrodiagnostic Apparatus
25
Radiation Apparatus
26
Imaging Parts & Accessories
26
Table: Diagnostic Imaging Market, 2010-2020 (USDmn)
27
Table: Diagnostic Imaging Market, 2011-2020 (USDmn % Change)
28
Dental Products Market Forecast
29
Latest Updates
29
Structural Trends
30
Capital Equipment
30
Instruments & Supplies
31
Table: Dental Products Market, 2010-2020 (USDmn)
31
Table: Dental Products Market, 2011-2020 (USDmn % Change)
32
Orthopaedics & Prosthetics Market Forecast
33
Latest Updates
33
Structural Trends
34
Fixation Devices
34
Artificial Joints
35
Other Artificial Body Parts
35
Table: Orthopaedics & Prosthetics Market, 2010-2020 (USDmn)
36
Table: Orthopaedics & Prosthetics Market, 2011-2020 (USmn % Change)
36
Patient Aids Market Forecast
37
Latest Updates
37
Structural Trends
38
Portable Aids
38
Therapeutic Appliances
39
Table: Patient Aids Market, 2010-2020 (USDmn)
39
Table: Patient Aids Market, 2011-2020 (USDmn % Change)
40
Other Medical Devices Market Forecast
41
Latest Updates
41
Structural Trends
42
Table: Other Medical Devices Market, 2010-2020 (USDmn)
43
Table: Other Medical Devices Market, 2011-2020 (USDmn % Change)
44
Annual Medical Device Imports
45
Table: Medical Device Imports By Product Area, 2011-2015 (USD000s)
48
Table: Medical Device Imports By Product Area, 2011-2015 (Local Currency 000s)
50
Table: Top 20 Medical Device Suppliers, 2015 (USD000s)
51
Table: Detailed Medical Device Imports By Product Area, 2011-2015 (USD000s)
52
Table: Detailed Medical Device Import Trends By Product Area, 2015
56
Table: Detailed Leading Medical Device Suppliers By Product Area, 2015 (USD000s)
59
Monthly Medical Device Imports
63
Table: Monthly Medical Device Imports By Product Area, Year Ending April 2016 (USDmn)
63
Annual Medical Device Exports
64
Table: Medical Device Exports By Product Area, 2011-2015 (USD000s)
68
Table: Medical Device Exports By Product Area, 2011-2015 (Local Currency 000s)
69
Table: Top 20 Medical Device Destinations, 2015 (USD000s)
71
Table: Detailed Medical Device Exports By Product Area, 2011-2015 (USD000s)
72
Table: Detailed Medical Device Export Trends By Product Area, 2015
75
Table: Detailed Leading Medical Device Destinations By Product Area, 2015 (USD000s)
78
Table: Detailed Medical Device Balance Of Trade, 2011-2015 (USD000s)
81
Monthly Medical Device Exports
84
Table: Monthly Medical Device Exports By Product Area, Year Ending April 2016 (USDmn)
84
Industry Risk/Reward Index
85
Table: APAC Medical Device Risk/Reward Ratings, Q416
86
Market Overview
87
Medical Device Market Overview
87
Table: Medical Device Market, Key Ratios, 2015
87
Table: Medical Device Market By Product Area, 2015
88
Healthcare Overview
89
Health Status
89
Healthcare System
90
Healthcare Funding
93
Healthcare Resources
94
Table: Diagnostic Imaging Technology By Type, 2006-2014
95
Table: Diagnostic Imaging Technology Per Mn Population By Type, 2006-2014
96
Healthcare Activity
96
Healthcare Personnel
96
Key Healthcare Data
97
Table: Key Healthcare Data, 2010-2015
97
Industry Trends & Developments
99
Industry Trends & Developments
99
Regulatory Development
109
Medical Device Regulations
109
Competent Authority
109
Regulations
109
Australia New Zealand Therapeutic Products Agency
111
Table: TGA Application Audit Focus
112
Medical Device Pricing & Reimbursement
113
Competitive Landscape
115
Domestic Medical Device Production
115
Domestic Medical Device Manufacturing
115
National Medical Device Manufacturers
115
Admedus
115
Advanced Surgical Design & Manufacture
116
Ansell
116
Cochlear
117
Compumedics
118
dorsaVi
118
Dynamic Hearing
118
Elastagen
119
Endoluminal
119
HEARWorks
119
mobiLIFE
119
Saluda Medical
120
Simavita
120
Xenotis
120
Multinational Medical Device Manufacturers
121
Baxter
121
Becton Dickinson
121
Cook Medical
122
Danaher
122
Fresenius Medical Care
122
Paul Hartmann
122
ResMed
123
Multinational Market Activity
124
B
124
Boston Scientific
124
General Electric
124
Johnson & Johnson
125
Medtronic
125
Philips
125
Siemens
126
Smith & Nephew
126
Stryker
126
Medical Device Market Access
127
Trade Associations
127
Trade Fairs
128
Methodology
129
Forecast Methodology
129
Trade Code Classifications
130
Table: Rearranged HS Trade Codes
131
Risk/Reward Index Methodology
134
Table: Medical Devices Risk/Reward Index Indicators
135
Sources
137
Contact
138

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.