Ireland Medical Devices Report

Published 07 May 2015

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Ireland Medical Devices Report

BMI Industry View : Ireland represents a small, but advanced medical device market , which wa s valued at a n estimated EUR 603.9mn ( USD 797.2 mn ) in 2013. In US dollar terms, t he market contracted between 2008 and 201 3 , but returned to growth in 2013 and is forecas t to grow at a CAGR of 2.2 % in US dollars, to reach USD 888.3 mn in 2018. Ireland has a strong medical device manufacturing sector, and is an attractive location for US and other firms to use as a European base.

Headline Industry Forecasts

  • Ireland's medical device market is the smallest of the 15 key markets analysed in the WE region, accounting for 1.3% of the total value. The Irish market was valued at an estimated USD797.2mn in 2013, representing an 8.2% increase on 2012 in dollar terms. The market is forecast to grow at a CAGR of 2.2% in US dollars to reach USD888.3mn in 2018.

  • Medical device imports stood at USDUSD1.622.8mn in 2013, up from USD1,550.1mn in 2012. The running annual total reached USD1,942.1mn in the 12 months to January 2015, representing y-o-y growth of 13.9%. Patient aids and consumables are the largest product areas in terms of imports and these categories are subject to a high level of re-exporting.

  • Ireland is one of the world's leading exporters of medical devices due to the presence of a large number of US multinationals, which use the country as a European manufacturing base . Medical device exports grew from USD7.8bn in 2008 to USD9.8bn in 2013, representing a CAGR of 4.7%. Exports totalled USD9,882.3mn in the 12 months to January 2015, a y-o-y increase of 0.3%.

  • Domestic medical device manufacturing is dominated by US multinationals, which produce mainly for export. There is very little locally owned manufacturing of finished products, apart from a number of small high-tech companies many of which are connected to Irish universities and/or receive government funding. Domestic output is estimated to exceed USD9.0bn with particular strengths in...

BMI Industry View
7
SWOT
11
Medical Device Market
11
Political
13
Economic
14
Industry Forecast
15
Medical Device Market Forecast
15
2008-2013 Performance
15
2013-2018 Performance
17
Table: Projected Medical Device Market, 2013-2018
18
Table: Detailed Medical Device Market By Product Area, 2008-2018 (USDmn)
19
Consumables Market Forecast
22
Bandages & Dressings
23
Suturing Materials
23
Syringes, Needles & Catheters
23
Other Consumables
23
Table: Consumables Market, 2008-2018 (USDmn)
24
Table: Consumables Market, 2009-2018 (USDmn % Change)
25
Diagnostic Imaging Market Forecast
26
Electrodiagnostic Apparatus
27
Radiation Apparatus
27
Imaging Parts & Accessories
28
Table: Diagnostic Imaging Market, 2008-2018 (USDmn)
28
Table: Diagnostic Imaging Market, 2009-2018 (USDmn % Change)
29
Dental Products Market Forecast
30
Capital Equipment
31
Instruments & Supplies
31
Table: Dental Products Market, 2008-2018 (USDmn)
31
Table: Dental Products Market, 2009-2018 (USDmn % Change)
32
Orthopaedics & Prosthetics Market Forecast
33
Fixation Devices
34
Artificial Joints
34
Other Artificial Body Parts
34
Table: Orthopaedics & Prosthetics Market, 2008-2018 (USDmn)
34
Table: Orthopaedics & Prosthetics Market, 2009-2018 (% Change)
35
Patient Aids Market Forecast
36
Portable Aids
36
Therapeutic Appliances
36
Table: Patient Aids Market, 2008-2018 (USDmn)
37
Table: Patient Aids Market, 2009-2018 (USDmn % Change)
37
Other Medical Devices Market Forecast
39
Table: Other Medical Devices, 2008-2018 (USDmn)
40
Table: Other Medical Devices Market, 2009-2018 (USDmn % Change)
41
Annual Medical Device Imports
42
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s)
46
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s, % Change)
47
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
48
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s, % Change)
49
Table: Top 20 Medical Device Suppliers, 2013 (USD000s)
51
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (USD000s)
52
Table: Detailed Medical Device Import Trends By Product Area, 2013
55
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (USD000s)
58
Monthly Medical Device Imports
62
Table: Monthly Medical Device Imports By Product Area, December 2011 - January 2015 (USDmn)
62
Annual Medical Device Exports
65
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s)
69
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s, % Change)
70
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
71
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s, % Change)
72
Table: Top 20 Medical Device Destinations, 2013 (USD000s)
74
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (USD000s)
75
Table: Detailed Medical Device Export Trends By Product Area, 2013
78
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (USD000s)
81
Table: Detailed Medical Device Trade Balance, 2009-2013 (USD000s)
84
Monthly Medical Device Exports
88
Table: Monthly Medical Device Exports By Product Area, December 2011 - January 2015 (USDmn)
88
Macroeconomic Forecasts
91
Economic Analysis
91
Table: Economic Activity (Ireland 2010-2019)
97
Industry Risk/Reward Index
98
Table: WE Medical Device Risk/Reward Index, Q315
99
Market Overview
100
Medical Device Market Overview
100
Table: Medical Device Market, Key Ratios, 2013
101
Table: Medical Device Market By Product Area, 2013
102
Healthcare Overview
103
Health Status
103
Healthcare System
104
Healthcare Funding
106
Healthcare Resources
110
Table: Diagnostic Imaging Technology By Type, 2005-2013
112
Table: Diagnostic Imaging Technology Per Mn Population By Type, 2006-2013
112
Healthcare Activity
113
Healthcare Personnel
113
Key Healthcare Data
114
Table: Key Healthcare Data, 2009-2014
114
Industry Trends And Developments
117
Industry Trends & Developments
117
Regulatory Development
129
Medical Device Regulations
129
Competent Authority
129
Notified Body
129
Regulations
129
EU Medical Device Regulations
130
Designated Authorities
130
Existing Regulations
130
Proposed Regulatory Changes
132
Implications For The Industry
135
Medical Device Pricing & Reimbursement
137
Competitive Landscape
138
Domestic Medical Device Production
138
Table: Medical Device Production By Product Area, 2009-2013 (EURmn)
138
Table: Medical Device Production By Product Area, 2009-2013 (USDmn)
141
Table: Medical Device Production By Product Area, 2009-2013 (% Distribution)
145
Domestic Medical Device Manufacturing
148
National Medical Device Manufacturers
149
Multinational Medical Device Manufacturers
155
Multinational Market Activity
165
Table: Multinational Market Activity, 2015
165
Medical Device Market Access
167
Market Environment
167
Distribution
167
Trade Organisations
167
Trade Fairs
167
Methodology
168
Forecast Methodology
168
Trade Code Classifications
169
Table: Used HS Trade Codes
169
Table: Rearranged HS Trade Codes
171
Risk/Reward Index Methodology
174
Table: Medical Devices Risk/Reward Index Indicators
175
Sources
177
Contact
178

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.

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