Austria 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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Austria Medical Devices Report
Product Price
$1,295.00

BMI Industry View : We anticipate that the medical device market will see a CAGR of 2.4% over the 2014-2019 period, which will be below average for the Western Europe region . In keeping with most developed markets, the main growth drivers in the Austrian 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.

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 2,307.4 270.6 1,721.9 202.0 0.75
2015 1,953.4 228.3 1,775.8 207.5 0.91
2016 1,984.9 231.1 1,855.0 216.0 0.93
2017 2,140.5 248.3 1,945.9 225.7 0.91
2018 2,360.9 272.9 2,052.9 237.3 0.87
2019 2,598.8 299.3 2,165.7 249.4 0.83

Latest Updates and Key Forecasts

  • We forecast that the market will grow at a US dollar 2014-2019 CAGR of 2.4% from USD2.3bn in 2014 to USD2.6bn in 2019. The lower dollar growth rate reflects currency depreciation at the start of the forecast period. This will translate into a 15.3% contraction in the US dollar value of the market in 2015, followed by a return to low growth in 2016 and higher growth from 2017 to 2019.

  • Austria's medical device market is heavily reliant upon imports, which account for nearly 85% of demand. While we anticipate that imports will continue to rise in euro terms, currency weakness will continue to negatively impact upon US dollar values. Imports fell by 9.6% y-o-y to USD485.1mn in the three months to August 2015 and by 5.0% to USD2,085.1mn over the 12 period ending in August 2015.

  • We expect exports will continue to outperform imports, boosted by rising activity within the patient aids product area, although currency weakness will weigh on US dollar values. Exports decreased by 0.6% y-o-y to USD524.7mn over the three months ending August 2015. The running annual export total fell to USD2.1bn in the 12 months to August 2015, representing a y-o-y decline of 1.4%.

  • Relatively modest rises in health expenditure will be a constraining factor in the medical device market over the next five years. Spending on medical devices accounted for 4.8% of total health expenditure in 2015. We forecast that the medical device market will grow at a slightly higher rate than overall spending on healthcare over the next five years taking the ratio to 5.1% in 2020.

BMI Industry View
7
SWOT
9
Medical Device Market
9
Political
10
Economic
11
Operational Risk
12
Industry Forecast
13
Medical Device Market Forecast
13
2014-2019 Performance
13
Table: Projected Medical Device Market, 2014-2019
13
2009-2014 Performance
14
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
15
Consumables Market Forecast
20
Bandages & Dressings
20
Suturing Materials
20
Syringes, Needles & Catheters
21
Other Consumables
21
Table: Consumables Market, 2009-2019 (USDmn)
22
Table: Consumables Market, 2010-2019 (USDmn % Change)
23
Diagnostic Imaging Market Forecast
25
Electrodiagnostic Apparatus
25
Radiation Apparatus
26
Imaging Parts & Accessories
26
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
27
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
28
Dental Products Market Forecast
30
Capital Equipment
30
Instruments & Supplies
30
Table: Dental Products Market, 2009-2019 (USDmn)
31
Table: Dental Products Market, 2010-2019 (USDmn % Change)
31
Orthopaedics & Prosthetics Market Forecast
33
Fixation Devices
33
Artificial Joints
33
Other Artificial Body Parts
34
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
34
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
35
Patient Aids Market Forecast
36
Portable Aids
36
Therapeutic Appliances
36
Table: Patient Aids Market, 2009-2019 (USDmn)
37
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
38
Other Medical Devices Market Forecast
40
Table: Other Medical Devices Market, 2009-2019 (USDmn)
41
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
42
Annual Medical Device Imports
44
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
48
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s, % Change)
49
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
50
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s, % Change)
51
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
53
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
54
Table: Detailed Medical Device Import Trends By Product Area, 2014
57
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
60
Monthly Medical Device Imports
64
Table: Monthly Medical Device Imports By Product Area, June 2012-June 2015 (USDmn)
64
Annual Medical Device Exports
66
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
70
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s, % Change)
71
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
72
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s, % Change)
73
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
75
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
76
Table: Detailed Medical Device Export Trends By Product Area, 2014
79
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
82
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
85
Monthly Medical Device Exports
89
Table: Monthly Medical Device Exports By Product Area, June 2012-June 2015 (USDmn)
89
Macroeconomic Forecasts
92
Economic Analysis
92
Table: Economic Activity (Austria 2010-2019)
96
Industry Risk/Reward Index
97
Table: WE Medical Device Risk/Reward Index, Q415
98
Market Overview
99
Medical Device Market Overview
99
Table: Medical Device Market, Key Ratios, 2014
100
Table: Medical Device Market By Product Area, 2014
100
Healthcare Overview
101
Health Status
101
Healthcare System
102
Healthcare Funding
108
Table: Healthcare Expenditure, 2011-2012 (EURmn)
110
Healthcare Resources
111
Table: Diagnostic Imaging Technology By Type, 2005-2014 (Units)
112
Table: Diagnostic Imaging Technology By Type, 2005-2014 (Rate / mn Population)
114
Table: Equipment Allocations Under Healthcare Structural Plan, 2012
115
Healthcare Activity
115
Healthcare Personnel
115
Key Healthcare Data
116
Table: Key Healthcare Data, 2009-2014
116
Industry Trends & Developments
118
Regulatory Development
125
Medical Device Regulations
125
EU Medical Device Regulations
125
Designated Authorities
125
Existing Regulations
126
Proposed Regulatory Changes
127
Implications For The Industry
130
Medical Device Pricing & Reimbursement
133
Competitive Landscape
134
Domestic Medical Device Production
134
Table: Medical Device Production By Product Area, 2009-2013 (EURmn)
134
Table: Medical Device Production By Product Area, 2009-2013 (USDmn)
138
Table: Medical Device Production By Product Area, 2009-2013 (% Distribution)
141
National Medical Device Manufacturers
145
Multinational Medical Device Manufacturers
148
Multinational Market Activity
150
Table: Multinational Market Activity, 2015
150
Medical Device Market Access
153
Distribution
153
Trade Associations
153
Table: Austromed Members, September 2014
154
Trade Shows
157
Methodology
158
Forecast Methodology
158
Trade Code Classifications
159
Table: Rearranged HS Trade Codes
160
Risk/Reward Index Methodology
163
Table: Medical Devices Risk/Reward Index Indicators
164
Sources
166
Contact
167

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.

Key Benefits

  • 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.

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.