Australia Medical Devices Report

Published 22 January 2015

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$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

Table of Contents

BMI Industry View
7
SWOT
9
Medical Device Market
9
Political
10
Economic
11
Industry Forecast
12
Medical Device Market Forecast
12
Table: Projected Medical Device Market, 2013-2018
15
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
16
Consumables Market Forecast
19
Bandages & Dressings
19
Suturing Materials
20
Syringes, Needles & Catheters
20
Other Consumables
20
Table: Consumables Market, 2008-2018 (US$mn)
21
Table: Consumables Market, 2009-2018 (US$mn % Change)
22
Diagnostic Imaging Market Forecast
23
Electrodiagnostic Apparatus
24
Radiation Apparatus
24
Imaging Parts & Accessories
24
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
25
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
26
Dental Products Market Forecast
27
Capital Equipment
27
Instruments & Supplies
28
Table: Dental Products Market, 2008-2018 (US$mn)
28
Table: Dental Products Market, 2009-2018 (US$mn % Change)
29
Orthopaedics & Prosthetics Market Forecast
30
Fixation Devices
31
Artificial Joints
31
Other Artificial Body Parts
31
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
32
Table: Orthopaedics & Prosthetics Market, 2009-2018 (USmn % Change)
32
Patient Aids Market Forecast
33
Portable Aids
34
Therapeutic Appliances
34
Table: Patient Aids Market, 2008-2018 (US$mn)
34
Table: Patient Aids Market, 2009-2018 (US$mn % Change)
35
Other Medical Devices Market Forecast
36
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: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
45
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s, % Change)
46
Table: Top 20 Medical Device Suppliers, 2013 (US$000s)
47
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (US$000s)
48
Table: Detailed Medical Device Import Trends By Product Area, 2013
52
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (US$000s)
55
Monthly Medical Device Imports
58
Table: Monthly Medical Device Imports By Product Area, June 2011-July 2014 (US$mn)
58
Annual Medical Device Exports
61
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s)
65
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s, % Change)
66
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
67
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s, % Change)
68
Table: Top 20 Medical Device Destinations, 2013 (US$000s)
70
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (US$000s)
71
Table: Detailed Medical Device Export Trends By Product Area, 2013
74
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (US$000s)
77
Table: Detailed Medical Device Balance Of Trade, 2009-2013 (US$000s)
81
Monthly Medical Device Exports
84
Table: Monthly Medical Device Exports By Product Area, June 2011-July 2014 (US$mn)
84
Macroeconomic Forecasts
86
Economic Analysis
86
Chinese Reform Efforts To Weigh On Export Growth
87
Consumption Growth To Slow Further
88
Residential Investment To Fall Short
89
Table: Economic Activity (Australia 2009-2018)
90
Industry Risk Reward Ratings
91
Table: APAC Medical Device Risk/Reward Ratings, Q115
92
Market Overview
93
Medical Device Market Overview
93
Table: Medical Device Market, Key Ratios, 2013
94
Table: Medical Device Market By Product Area, 2013
95
Healthcare Overview
96
Health Status
96
Healthcare System
96
Healthcare Funding
100
Healthcare Resources
102
Table: Diagnostic Imaging Technology By Type, 2006-2013
102
Table: Diagnostic Imaging Technology Per Mn Population By Type, 2006-2013
103
Healthcare Activity
104
Healthcare Personnel
104
Key Healthcare Data
104
Table: Key Healthcare Data, 2008-2013
104
Industry Trends & Developments
107
Industry Trends & Developments
107
Table: TGA Application Audit Focus
109
Regulatory Development
113
Medical Device Regulations
113
Competent Authority
113
Regulations
113
Australia New Zealand Therapeutic Products Authority
115
Pricing & Reimbursement
117
Competitive Landscape
118
Domestic Medical Device Production
118
National Medical Device Manufacturers
118
Multinational Medical Device Manufacturers
123
Multinational Market Activity
124
Table: Multinational Market Activity, 2014
124
Medical Device Market Access
126
Methodology
128
Medical Device Market Methodology
128
Trade Code Classifications
129
Table: Used HS Trade Codes, 2014
129
Table: Rearranged HS Trade Codes, 2014
131
Risk/Reward Ratings Methodology
134
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
135
Sources
136
Contact
137

The Australia 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 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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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