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.

  • Our expectation that import performance in US dollar terms will pick up in 2016 as the euro stabilises against the US dollar is already looking accurate, as the growth rates converged during Q116. Imports grew by 3.6% y-o-y in euro terms in Q116 and by 2.3% in US dollar terms. Over the 12 months to March 2016, imports increased 13.7% in euro terms, but fell by 0.3% 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 continue to underpin robust export growth in 2016. In euro terms, exports grew by 4.3% y-o-y in Q116 and increased by 2.4% in US dollar terms. Over the 12 months to March 2016, imports rose by 25.1% in euro terms and by 9.8% to USD11.2bn when measured in US dollars.

  • Medtech research in Ireland received a boost in June 2016, when the CURAM, SFI Centre for Research in Medical Devices in Galway announced that it has received EUR49mn in funding from Science Foundation Ireland (SFI) to support its research programmes. CURAM's clinical targets include cardiovascular, musculoskeletal, soft tissue, renal, respiratory and neural diseases.

BMI Industry View
7
Table: Projected Medical Device Market, 2015-2020
7
Latest Updates And Key Forecasts
7
SWOT
8
Medical Device Market
8
Industry Forecast
10
Medical Device Market Forecast
10
Latest Updates
10
Structural Trends
10
Table: Detailed Medical Device Market By Product Area, 2010-2020 (USDmn)
11
Consumables Market Forecast
16
Latest Updates
16
Structural Trends
16
Bandages & Dressings
17
Suturing Materials
17
Syringes, Needles & Catheters
17
Other Consumables
17
Table: Consumables Market, 2010-2020 (USDmn)
18
Table: Consumables Market, 2011-2020 (USDmn % Change)
19
Diagnostic Imaging Market Forecast
21
Latest Updates
21
Structural Trends
21
Electrodiagnostic Apparatus
22
Radiation Apparatus
22
Imaging Parts & Accessories
23
Table: Diagnostic Imaging Market, 2010-2020 (USDmn)
23
Table: Diagnostic Imaging Market, 2011-2020 (USDmn % Change)
24
Dental Products Market Forecast
26
Latest Updates
26
Structural Trends
26
Capital Equipment
26
Instruments & Supplies
27
Table: Dental Products Market, 2010-2020 (USDmn)
27
Table: Dental Products Market, 2011-2020 (USDmn % Change)
28
Orthopaedics & Prosthetics Market Forecast
30
Latest Updates
30
Structural Trends
30
Fixation Devices
30
Artificial Joints
31
Other Artificial Body Parts
31
Table: Orthopaedics & Prosthetics Market, 2010-2020 (USDmn)
31
Table: Orthopaedics & Prosthetics Market, 2011-2020 (% Change)
32
Patient Aids Market Forecast
33
Latest Updates
33
Structural Trends
33
Portable Aids
33
Therapeutic Appliances
34
Table: Patient Aids Market, 2010-2020 (USDmn)
34
Table: Patient Aids Market, 2011-2020 (USDmn % Change)
35
Other Medical Devices Market Forecast
37
Latest Updates
37
Structural Trends
37
Table: Other Medical Devices, 2010-2020 (USDmn)
38
Table: Other Medical Devices Market, 2011-2020 (USDmn % Change)
39
Annual Medical Device Imports
41
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
46
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
47
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
49
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
50
Table: Detailed Medical Device Import Trends By Product Area, 2014
53
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
56
Monthly Medical Device Imports
60
Table: Monthly Medical Device Imports By Product Area, Year Ending December 2015 (USDmn)
60
Annual Medical Device Exports
61
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
65
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
66
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
68
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
69
Table: Detailed Medical Device Export Trends By Product Area, 2014
72
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
75
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
78
Monthly Medical Device Exports
81
Table: Monthly Medical Device Exports By Product Area, Year Ending December 2015 (USDmn)
81
Industry Risk/Reward Index
82
Table: WE Medical Device Risk/Reward Index, Q216
83
Market Overview
84
Medical Device Market Overview
84
Table: Medical Device Market, Key Ratios, 2015
84
Table: Medical Device Market By Product Area, 2015
85
Healthcare Overview
86
Health Status
86
Healthcare System
87
Healthcare Funding
88
Healthcare Resources
91
Table: Diagnostic Imaging Technology By Type, 2005-2014
92
Table: Diagnostic Imaging Technology Per Mn Population By Type, 2006-2014
93
Healthcare Activity
93
Healthcare Personnel
93
Key Healthcare Data
94
Table: Key Healthcare Data, 2010-2015
94
Industry Trends And Developments
96
Industry Trends & Developments
96
Regulatory Development
104
Medical Device Regulations
104
Competent Authority
104
Notified Body
104
Regulations
104
EU Medical Device Regulations
105
Designated Authorities
105
Existing Regulations
106
Proposed Regulatory Changes
107
Medical Device Pricing & Reimbursement
110
Reimbursement
110
Procurement
110
Competitive Landscape
112
Domestic Medical Device Production
112
Table: Medical Device Production By Product Area, 2009-2013 (EURmn)
112
Table: Medical Device Production By Product Area, 2009-2013 (USDmn)
115
Domestic Medical Device Manufacturing
119
National Medical Device Manufacturers
121
Multinational Medical Device Manufacturers
129
Multinational Market Activity
139
Table: Multinational Market Activity, 2016
139
Medical Device Market Access
141
Market Environment
141
Distribution
141
Trade Organisations
141
Trade Fairs
141
Methodology
142
Forecast Methodology
142
Trade Code Classifications
143
Table: Rearranged HS Trade Codes
144
Risk/Reward Index Methodology
147
Table: Medical Devices Risk/Reward Index Indicators
148
Sources
150
Contact
151

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.