Austria Medical Devices Report

Published 21 May 2015

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Austria Medical Devices Report

BMI Industry View : The Austrian medical device market is well established, with above average per capita spending at just under USD 300. The market is projected to grow at a US dollar CAGR of 2.7% to 2018, which is below average for the 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.

Headline Industry Forecasts

  • In 2013, the medical device market was estimated at USD2,236mn, equal to USD263 per capita. The market is projected to reach USD2,552mn by 2018, having grown at a US dollar CAGR of 2.7% (or 4.7% when measured in euros).

  • Medical device imports account for nearly 85% of the market. Between 2008 and 2013, medical device imports grew at a CAGR of 3.2% in euros and 1.0% in US dollars. The running annual import total reached USD2,246.5mn in the 12 months to January 2015, representing a y-o-y increase of 12.3%.

  • Between 2008 and 2013, medical device exports grew at a CAGR of 5.8% in euros and 3.6% in US dollars. The running annual export total amounted to USD2,214.9mn in the 12 months to January 2015, representing y-o-y growth of 15.0%. The balance of trade deficit improved by more than USD140mn to USD61.4mn in 2013.

  • Domestic production of medical devices tends to be small-scale and specialist in nature, whilst larger manufacturers export the majority of their output. Total output is estimated to be in the region of USD2.4bn.

Headline Industry Risk/Reward Index

  • Austria ranks as one of the more attractive markets in Western Europe (WE) for commercialising a medical device, according to BMI's Medical Device Risk/Reward Index (RRI). The country's overall score fell to 76.2 out of 100 in Q315, the third highest of the 15 key markets covered in WE and comfortably above the regional average of 72.1. Austria has climbed four places in the WE...

Table of Contents

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
2008-2013 Performance
13
2013-208 Performance
15
Table: Projected Medical Device Market, 2013-2018
16
Table: Detailed Medical Device Market By Product Area, 2008-2018 (USDmn)
17
Consumables Market Forecast
20
Bandages & Dressings
21
Suturing Materials
21
Syringes, Needles & Catheters
21
Other Consumables
21
Table: Consumables Market, 2008-2018 (USDmn)
22
Table: Consumables Market, 2009-2018 (USDmn % Change)
23
Diagnostic Imaging Market Forecast
24
Electrodiagnostic Apparatus
25
Radiation Apparatus
25
Imaging Parts & Accessories
26
Table: Diagnostic Imaging Market, 2008-2018 (USDmn)
26
Table: Diagnostic Imaging Market, 2009-2018 (USDmn % Change)
28
Dental Products Market Forecast
29
Capital Equipment
30
Instruments & Supplies
30
Table: Dental Products Market, 2008-2018 (USDmn)
30
Table: Dental Products Market, 2009-2018 (USDmn % Change)
31
Orthopaedics & Prosthetics Market Forecast
32
Fixation Devices
32
Artificial Joints
33
Other Artificial Body Parts
33
Table: Orthopaedics & Prosthetics Market, 2008-2018 (USDmn)
33
Table: Orthopaedics & Prosthetics Market, 2009-2018 (USDmn % Change)
34
Patient Aids Market Forecast
35
Portable Aids
35
Therapeutic Appliances
35
Table: Patient Aids Market, 2008-2018 (USDmn)
36
Table: Patient Aids Market, 2008-2018 (USDmn % Change)
36
Other Medical Devices Market Forecast
37
Table: Other Medical Devices Market, 2008-2018 (USDmn)
38
Table: Other Medical Devices Market, 2008-2018 (USDmn % Change)
39
Annual Medical Device Imports
40
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s)
44
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s, % Change)
45
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
46
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s, % Change)
47
Table: Top 20 Medical Device Suppliers, 2013 (USD000s)
49
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (USD000s)
50
Table: Detailed Medical Device Import Trends By Product Area, 2013
53
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (USD000s)
56
Monthly Medical Device Imports
59
Table: Monthly Medical Device Imports By Product Area, December 2011-January 2015 (USDmn)
60
Annual Medical Device Exports
62
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s)
66
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s, % Change)
67
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
68
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s, % Change)
69
Table: Top 20 Medical Device Destinations, 2013 (USD000s)
71
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (USD000s)
72
Table: Detailed Medical Device Export Trends By Product Area, 2013
75
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (USD000s)
78
Table: Detailed Medical Device Trade Balance, 2009-2013 (USD000s)
81
Monthly Medical Device Exports
85
Table: Monthly Medical Device Exports By Product Area, December 2011-January 2015 (USDmn)
85
Macroeconomic Forecasts
88
Economic Analysis
88
Table: Economic Activity (Austria 2010-2019)
92
Industry Risk/Reward Index
93
Table: WE Medical Device Risk/Reward Index, Q315
94
Market Overview
95
Medical Device Market Overview
95
Table: Medical Device Market, Key Ratios, 2013
96
Table: Medical Device Market By Product Area, 2013
96
Healthcare Overview
97
Health Status
97
Healthcare System
98
Healthcare Funding
104
Table: Healthcare Expenditure, 2011-2012 (EURmn)
107
Healthcare Resources
107
Table: Diagnostic Imaging Technology By Type, 2005-2012 (Units)
108
Table: Diagnostic Imaging Technology By Type, 2005-2012 (Rate / mn Population)
110
Table: Equipment Allocations Under Healthcare Structural Plan, 2012
111
Healthcare Activity
111
Healthcare Personnel
111
Key Healthcare Data
112
Table: Key Healthcare Data, 2009-2014
112
Industry Trends & Developments
115
Regulatory Development
122
Medical Device Regulations
122
EU Medical Device Regulations
122
Designated Authorities
122
Existing Regulations
122
Proposed Regulatory Changes
124
Implications For The Industry
127
Medical Device Pricing & Reimbursement
129
Competitive Landscape
130
Domestic Medical Device Production
130
Table: Medical Device Production By Product Area, 2009-2013 (EURmn)
130
Table: Medical Device Production By Product Area, 2009-2013 (USDmn)
134
Table: Medical Device Production By Product Area, 2009-2013 (% Distribution)
137
National Medical Device Manufacturers
141
Multinational Medical Device Manufacturers
144
Multinational Market Activity
146
Table: Multinational Market Activity, 2015
146
Medical Device Market Access
149
Distribution
149
Trade Associations
149
Table: Austromed Members, September 2014
150
Trade Shows
153
Methodology
154
Forecast Methodology
154
Trade Code Classifications
155
Table: Used HS Trade Codes
155
Table: Rearranged HS Trade Codes
157
Risk/Reward Index Methodology
160
Table: Medical Devices Risk/Reward Index Indicators
161
Sources
163
Contact
164

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.

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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