BMI View : We anticipate that the medical device market will see low-to- moderate growth over the 2015-2020 period , outperforming most eurozone markets on the back of an accelerating economy driven by rising household consumption . In keeping with most developed markets, the main growth drivers in the market are the increasing health needs of the ageing population and the search for new technologies to improve patient outcomes and increase health service efficiency.
|Total (USDmn)||Per Capita (USD)||Total (Local Currency mn)||Per Capita (Local Currency)||Exchange Rate (Local Currency/USD)|
Latest Updates And Key Forecasts
We forecast the market will register a 2015-2020 CAGR of 5.2% in euro terms. We have revised our forecasts downwards in US dollar terms and now anticipate that the market will record a 2015-2020 CAGR of 3.2%, reflecting a further weakening of the euro, which will hit parity with the US dollar in 2019.
We anticipate a stronger import performance in US dollar terms in 2016, following a 9.5% contraction in 2015. Imports rose by 4.9% y-o-y to USD519.3mn in Q216 but fell by 2.6% to USD2.1bn over the 12 months to June 2016.
Q216 marked an end to five successive quarters of negative US dollar growth, with exports increasing by 3.4% y-o-y to USD519.2mn. The running annual export total fell to just below USD2.1bn in the 12 months to June 2016, representing a y-o-y decline of 2.3%.
Domestic production of medical devices will continue to grow, but will remain largely exported oriented leaving the majority of the domestic market reliant on imports. According to the latest data from Eurostat, reported production of medical devices increased by 23.1% to EUR615.1mn (USD676.6mn) in 2015, of which more than half came from electrodiagnostic apparatus.
The Austria 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 Austria provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Austria Medical Devices industry.
- Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Austria, 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 Austria.
- Target Business Opportunities in the Austria Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Austria.
- 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.
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 analyses of the medical devices market, the political environment, the economic landscape and the business environment.
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.
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.
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.
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.
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.
Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.