Australia Medical Devices Report

Published 24 April 2015

  • 150 pages
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  • Includes 3 free updated quarterly reports
$1,295.00
Australia Medical Devices Report

BMI Industry View : The Australian market has performed well in recent years, driven by a strongly-growing economy and the requirements of an increasingly elderly population. However, a weakening of the Australian dollar over the next five years is expected to bring the momentum in the market to a halt.

Headline Industry Forecasts

  • At USD4,903.9mn, the market ranks amongst the top 20 largest in the world, while per capita spending is on a par with European markets such as the Netherlands or Finland. Growth for the 2013-2018 period is expected to be subdued; estimated at a CAGR of 1.2% in USD terms which will raise the market to USD5,206.9mn by 2018.

  • Since 2001, medical device imports have seen a period of sustained growth. In 2013, imports reached a new high of USD4,575.3mn, rising by 1.2% over 2012. In USD CAGR terms, growth was 7.7% between 2008 and 2013. The running annual total reached USD4,715.6 in the 12 months to January 2015, representing y-on-y growth of 3.0%.

  • Medical device exports bounced back from the dip experienced in 2009, recording strong growth over the 2010-2011 period. Exports were pegged back again in 2012, but growth resumed in 2013 when a 3.1% increase took the total to USD1,732.0mn. In 2013, the balance of trade deficit edged up to USD2,843.3mn. The running annual total reached USD1.914.3mn in the 12 months to January 2015, representing y-on-y growth of 9.8%.

  • Australia has a large number of small manufacturers, mostly making hospital consumables and supplies. Production is generally high quality, but low tech; advanced products are almost always imported. The majority of production is consumed locally.

Headline Industry Risk/Reward Index

  • Australia is the second most attractive market in the Asia Pacific region for commercialising a medical device in Q315, according to BMI's Industry Risk/Reward Index (RRI). The country's overall score for Q315 is 75.5 out of 100, unchanged from Q215.

Headline Healthcare Overview

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
Table: Projected Medical Device Market, 2013-2018
18
Table: Detailed Medical Device Market By Product Area, 2008-2018 (USDmn)
19
Consumables Market Forecast
22
Bandages & Dressings
22
Suturing Materials
23
Syringes, Needles & Catheters
23
Other Consumables
23
Table: Consumables Market, 2008-2018 (USDmn)
24
Table: Consumables Market, 2009-2018 (USDmn % Change)
25
Diagnostic Imaging Market Forecast
26
Electrodiagnostic Apparatus
27
Radiation Apparatus
27
Imaging Parts & Accessories
28
Table: Diagnostic Imaging Market, 2008-2018 (USDmn)
28
Table: Diagnostic Imaging Market, 2009-2018 (USDmn % Change)
29
Dental Products Market Forecast
30
Capital Equipment
30
Instruments & Supplies
31
Table: Dental Products Market, 2008-2018 (USDmn)
31
Table: Dental Products Market, 2009-2018 (USDmn % Change)
32
Orthopaedics & Prosthetics Market Forecast
33
Fixation Devices
34
Artificial Joints
34
Other Artificial Body Parts
34
Table: Orthopaedics & Prosthetics Market, 2008-2018 (USDmn)
35
Table: Orthopaedics & Prosthetics Market, 2009-2018 (USmn % Change)
35
Patient Aids Market Forecast
36
Portable Aids
37
Therapeutic Appliances
37
Table: Patient Aids Market, 2008-2018 (USDmn)
37
Table: Patient Aids Market, 2009-2018 (USDmn % Change)
38
Other Medical Devices Market Forecast
39
Table: Other Medical Devices Market, 2008-2018 (USDmn)
40
Table: Other Medical Devices Market, 2009-2018 (USDmn % Change)
41
Annual Medical Device Imports
43
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s)
46
Table: Medical Device Imports By Product Area 2009-2013 (USD000s, % Change)
47
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
48
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s, % Change)
49
Table: Top 20 Medical Device Suppliers, 2013 (USD000s)
50
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (USD000s)
51
Table: Detailed Medical Device Import Trends By Product Area, 2013
55
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (USD000s)
58
Monthly Medical Device Imports
61
Table: Monthly Medical Device Imports By Product Area, December 2011-January 2015 (USDmn)
61
Annual Medical Device Exports
64
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s)
68
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s, % Change)
69
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
70
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s, % Change)
71
Table: Top 20 Medical Device Destinations, 2013 (USD000s)
73
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (USD000s)
74
Table: Detailed Medical Device Export Trends By Product Area, 2013
77
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (USD000s)
80
Table: Detailed Medical Device Balance Of Trade, 2009-2013 (USD000s)
84
Monthly Medical Device Exports
87
Table: Monthly Medical Device Exports By Product Area, December 2011-January 2015 (USDmn)
87
Macroeconomic Forecasts
90
Economic Analysis
90
Table: Economic Activity (Australia 2010-2019)
95
Industry Risk/Reward Index
96
Table: APAC Medical Device Risk/Reward Ratings, Q315
97
Market Overview
98
Medical Device Market Overview
98
Table: Medical Device Market, Key Ratios, 2013
99
Table: Medical Device Market By Product Area, 2013
100
Healthcare Overview
101
Health Status
101
Healthcare System
103
Healthcare Funding
107
Healthcare Resources
109
Table: Diagnostic Imaging Technology By Type, 2006-2013
110
Table: Diagnostic Imaging Technology Per Mn Population By Type, 2006-2013
110
Healthcare Activity
111
Healthcare Personnel
111
Key Healthcare Data
111
Table: Key Healthcare Data, 2009-2014
111
Industry Trends & Developments
114
Industry Trends & Developments
114
Table: TGA Application Audit Focus
119
Regulatory Development
122
Medical Device Regulations
122
Competent Authority
122
Regulations
122
Australia New Zealand Therapeutic Products Agency
124
Pricing & Reimbursement
125
Competitive Landscape
127
Domestic Medical Device Production
127
Domestic Medical Device Manufacturing
127
National Medical Device Manufacturers
127
Multinational Medical Device Manufacturers
134
Multinational Market Activity
136
Table: Multinational Activity, 2015
136
Medical Device Market Access
138
Methodology
140
Forecast Methodology
140
Trade Code Classifications
141
Table: Used HS Trade Codes
141
Table: Rearranged HS Trade Codes
143
Risk/Reward Index Methodology
146
Table: Medical Devices Risk/Reward Index Indicators
147
Sources
149
Contact
150

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.

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