Norway 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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Norway Medical Devices Report
Product Price
$1,295.00

BMI View : The Norwegian medical device market is limited by the size of the population, but enjoys above average per capita spending of USD300. We project the market will grow at a US dollar CAGR of 3.9% to 2019 with the ageing population the main growth driver. The market will continue to be import-led with much of domestic production geared to the export market.

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 1,529.2 300.3 10,156.9 1,994.7 6.6
2015 1,375.7 267.5 10,630.5 2,067.1 7.7
2016 1,422.4 273.8 11,166.4 2,149.2 7.9
2017 1,526.9 290.9 11,798.9 2,247.5 7.7
2018 1,682.3 317.2 12,434.3 2,344.4 7.4
2019 1,853.1 346.0 13,125.9 2,450.5 7.1

Latest Updates and Key Forecasts

  • We forecast that the Norwegian medical device market will grow at a 2014-2019 CAGR of 3.9%, from USD1,529.2mn in 2014 to USD1,853.1mn in 2019. Growth will range from 2.5% for patient aids up to 5.1% for other medical devices. This will make Norway the second fastest growing market in Western Europe, behind the UK.

  • We expect currency weakness and falling oil revenues will impact on US dollar import values in the short-term. Imports contracted by 18.0% y-o-y in US dollar terms in Q415 and by 15.1% over the whole of 2015, taking the running annual total to just under USD1.0bn.

  • We believe that export activity will continue to pick up as demand strengthens within the eurozone and the rest of Europe, although currency weakness will continue to impact on the US dollar value of imports in the short term. Improved performance in the diagnostic imaging and other medical device product areas contributed to a y-o-y dollar increase of 2.9% in Q415, although the running annual export total fell by 6.7% to USD325.3mn for the whole of 2015.

  • The Norwegian Government has confirmed its commitment to developing the health sector by announcing an 8.7% increase in the Regional Health Enterprises (hospitals) budget for 2016, along with a 6.8% increase in the Ministry of Health and Care Services budget. We believe that the increase in investment will stimulate market growth for products used in both hospital and home care settings.

BMI Industry View
9
Table: Projected Medical Device Market, 2014-2019
9
Latest Updates and Key Forecasts
9
SWOT
10
Medical Device Market
10
Industry Forecast
12
Medical Device Market Forecast
12
Latest Updates
12
Structural Trends
12
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
14
Consumables Market Forecast
19
Latest Updates
19
Structural Trends
19
Bandages & Dressings
19
Suturing Materials
20
Syringes, Needles & Catheters
20
Other Consumables
20
Table: Consumables Market, 2009-2019 (USDmn)
21
Table: Consumables Market, 2010-2019 (USDmn % Change)
22
Diagnostic Imaging Market Forecast
24
Latest Updates
24
Structural Trends
24
Electrodiagnostic Apparatus
24
Radiation Apparatus
25
Imaging Parts & Accessories
25
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
26
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
27
Dental Products Market Forecast
29
Latest Updates
29
Structural Trends
29
Capital Equipment
29
Instruments & Supplies
29
Table: Dental Products Market, 2009-2019 (USDmn)
30
Table: Dental Products Market, 2010-2019 (USDmn % Change)
31
Orthopaedics & Prosthetics Market Forecast
32
Latest Updates
32
Structural Trends
33
Fixation Devices
33
Artificial Joints
33
Other Artificial Body Parts
33
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
34
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
34
Patient Aids Market Forecast
36
Latest Updates
36
Structural Trends
36
Portable Aids
36
Therapeutic Appliances
37
Table: Patient Aids Market, 2009-2019 (USDmn)
37
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
38
Other Medical Devices Market Forecast
40
Latest Updates
40
Structural Trends
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)
47
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
48
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
50
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
51
Table: Detailed Medical Device Import Trends By Product Area, 2014
55
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
59
Monthly Medical Device Imports
63
Table: Monthly Medical Device Imports By Product Area, Year Ending December 2015 (USDmn)
63
Annual Medical Device Exports
64
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
68
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
69
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
71
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
72
Table: Detailed Medical Device Export Trends By Product Area, 2014
75
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
78
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
81
Monthly Medical Device Exports
84
Table: Monthly Medical Device Exports By Product Area, Year Ending December 2015 (USDmn)
84
Industry Risk/Reward Index
85
Table: WE Medical Device Risk/Reward Index, Q216
86
Market Overview
87
Table: Medical Device Market, Key Ratios, 2014
87
Table: Medical Device Market By Product Area, 2014
88
Healthcare Overview
89
Health Status
89
Healthcare System
90
Healthcare Funding
91
Table: Healthcare Expenditure 2011-2014
93
Healthcare Resources
93
Healthcare Activity
94
Healthcare Personnel
94
Key Healthcare Data
95
Table: Key Healthcare Data, 2010-2015
95
Industry Trends & Developments
97
Regulatory Development
104
Medical Device Regulations
104
Competent Authority
104
NotifiedBodies
104
Regulations
104
Medical Device Pricing & Reimbursement
104
Reimbursement
104
Health Technology Assessment
105
Competitive Landscape
106
Domestic Medical Device Production
106
Table: Medical Device Production By Product Area, 2010-2014 (EUR000s)
106
Table: Medical Device Production By Product Area, 2010-2014 (USD000s)
110
Domestic Medical Device Manufacturing
113
National Medical Device Manufacturers
116
Alu Rehab
116
ConceptoMed
116
Glamox
116
Handicare
116
Heger
117
Laerdal
117
Norgesplaster
117
Normeca
117
Otivio
118
Sero
118
Snogg
118
Multinational Medical Device Manufacturers
119
GE Healthcare
119
Multinational Market Activity
119
Table: Multinational Market Activity, 2016
119
Medical Device Market Access
122
Procurement
122
Trade Associations
123
Table: Medtek Norge Members
123
Table: LabNorge Members - March 2016
124
Trade Shows
125
Methodology
126
Forecast Methodology
126
Trade Code Classifications
127
Table: Rearranged HS Trade Codes
128
Risk/Reward Index Methodology
131
Table: Medical Devices Risk/Reward Index Indicators
132
Sources
134
Contact
135

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

Key Benefits

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