Ireland 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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Ireland Medical Devices Report
Product Price
$1,295.00

BMI View : Ireland represents a small, but advanced medical device market , which we forecast will grow at a 2015-2020 CAGR of 7.1 % , to reach USD 998.8mn in 2020 . The market will be driven by the introduction of universal health insurance combined with the healthcare needs of the aging population and the uptake of new technology.

Projected Medical Device Market, 2015-2020
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2015 709.7 151.4 645.2 137.6 0.91
2016 724.1 153.6 676.7 143.6 0.93
2017 781.0 164.4 710.0 149.5 0.91
2018 859.9 179.5 747.8 156.1 0.87
2019 947.1 195.9 789.2 163.3 0.83
2020 998.8 204.9 832.3 170.8 0.83

Latest Updates And Key Forecasts

  • We forecast the market will grow at a US dollar CAGR 2015-2020 CAGR of 7.1%,taking the value to USD998.8mn in 2019. After contracting in 2015, we expect the market to return to low growth in 2016 and reach double-digit growth later in the forecast period.

  • We expect import performance in US dollar terms to pick up in 2016 as the euro stabilises against the US dollar. In euro terms, imports grew by 13.3% y-o-y in Q415, but rose by just 0.8% in US dollar terms. Over the 12 months to December 2015, imports increased 16.8% in euro terms, but fell by 2.0% to USD1.9bn when measured in US dollars.

  • We believe a cyclical upswing in the eurozone economy and the benefits of the weak euro in boosting exports to non eurozone markets, such as the USA, China and Japan will underpine robust export growth in 2016. In euro terms, exports grew by 28.9% y-o-y in Q415. and increased by 14.7% in US dollar terms. Over the 12 months to December 2015, imports rose by 33.6% in euro terms and by 12.1% to USD11.2bn when measured in US dollars.

  • The Irish Medical Devices Association (IMDA) expects the medtech industry will continue to see steady growth as the recovery takes hold in the domestic economy. The IMDA's strategy for 2016-2020, 'The Global Medtech Hub', states that much more can be done to help the sector stay at the forefront of advanced manufacturing to offset the pressure from lower cost economies. In particular, Ireland's strength in information technology makes the country well placed to take advantage of the move towards connected health and big data by developing new devices from a range of converging technologies.

BMI Industry View
7
SWOT
10
Medical Device Market
10
Political
12
Economic
13
Industry Forecast
14
Medical Device Market Forecast
14
2014-2019 Performance
14
Table: Projected Medical Device Market, 2014-2019
14
2009-2014 Performance
15
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
16
Consumables Market Forecast
21
Bandages & Dressings
22
Suturing Materials
22
Syringes, Needles & Catheters
22
Other Consumables
22
Table: Consumables Market, 2009-2019 (USDmn)
23
Table: Consumables Market, 2010-2019 (USDmn % Change)
24
Diagnostic Imaging Market Forecast
26
Electrodiagnostic Apparatus
26
Radiation Apparatus
27
Imaging Parts & Accessories
28
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
28
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
29
Dental Products Market Forecast
31
Capital Equipment
31
Instruments & Supplies
31
Table: Dental Products Market, 2009-2019 (USDmn)
32
Table: Dental Products Market, 2010-2019 (USDmn % Change)
33
Orthopaedics & Prosthetics Market Forecast
35
Fixation Devices
35
Artificial Joints
35
Other Artificial Body Parts
36
Table: Orthopaedics & Prosthetics Market, 2009-2010 (USDmn)
36
Table: Orthopaedics & Prosthetics Market, 2010-2019 (% Change)
37
Patient Aids Market Forecast
38
Portable Aids
38
Therapeutic Appliances
38
Table: Patient Aids Market, 2009-2019 (USDmn)
39
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
40
Other Medical Devices Market Forecast
41
Table: Other Medical Devices, 2009-2019 (USDmn)
42
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
43
Annual Medical Device Imports
44
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
50
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s, % Change)
51
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
52
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s, % Change)
53
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
55
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
56
Table: Detailed Medical Device Import Trends By Product Area, 2014
59
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
62
Monthly Medical Device Imports
66
Table: Monthly Medical Device Imports By Product Area, April 2012 - May 2015 (USDmn)
66
Annual Medical Device Exports
69
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
73
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s, % Change)
74
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
75
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s, % Change)
76
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
78
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
79
Table: Detailed Medical Device Export Trends By Product Area, 2014
82
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
85
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
88
Monthly Medical Device Exports
91
Table: Monthly Medical Device Exports By Product Area, April 2012 - May 2015 (USDmn)
91
Macroeconomic Forecasts
94
Economic Analysis
94
Table: Economic Activity (Ireland 2010-2019)
102
Industry Risk/Reward Index
103
Table: WE Medical Device Risk/Reward Index, Q415
104
Market Overview
105
Medical Device Market Overview
105
Table: Medical Device Market, Key Ratios, 2014
106
Table: Medical Device Market By Product Area, 2014
106
Healthcare Overview
108
Health Status
108
Healthcare System
109
Healthcare Funding
111
Healthcare Resources
117
Table: Diagnostic Imaging Technology By Type, 2005-2014
119
Table: Diagnostic Imaging Technology Per Mn Population By Type, 2006-2014
120
Healthcare Activity
120
Healthcare Personnel
121
Key Healthcare Data
121
Table: Key Healthcare Data, 2009-2014
121
Industry Trends And Developments
124
Industry Trends & Developments
124
Regulatory Development
134
Medical Device Regulations
134
Competent Authority
134
Notified Body
134
Regulations
134
EU Medical Device Regulations
135
Designated Authorities
135
Existing Regulations
136
Proposed Regulatory Changes
137
Implications For The Industry
140
Medical Device Pricing & Reimbursement
143
Competitive Landscape
144
Domestic Medical Device Production
144
Table: Medical Device Production By Product Area, 2009-2013 (EURmn)
144
Table: Medical Device Production By Product Area, 2009-2013 (USDmn)
147
Table: Medical Device Production By Product Area, 2009-2013 (% Distribution)
151
Domestic Medical Device Manufacturing
154
National Medical Device Manufacturers
155
Multinational Medical Device Manufacturers
161
Multinational Market Activity
171
Table: Multinational Market Activity, 2015
171
Medical Device Market Access
173
Market Environment
173
Distribution
173
Trade Organisations
173
Trade Fairs
173
Methodology
174
Forecast Methodology
174
Trade Code Classifications
175
Table: Rearranged HS Trade Codes
176
Risk/Reward Index Methodology
179
Table: Medical Devices Risk/Reward Index Indicators
180
Sources
182
Contact
183

The Ireland 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 Ireland provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Ireland Medical Devices industry.

Key Benefits

  • Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Ireland, 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 Ireland.
  • Target Business Opportunities in the Ireland Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Ireland.
  • 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.