Norway Medical Devices Report

Published 21 May 2015

  • 161 pages
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$1,295.00
Norway Medical Devices Report

BMI Industry View : The Norweg ian medical device market is limited by the size of the population , but enjoys above average per capi ta spendi ng of USD 294 . The market is projected to grow at a US dollar CAGR of 3.1 % to 2018 with the ageing population the main growth driver. The market will continue to be import-led with much of domes tic production geared to the export market.

Headline Industry Forecasts

  • We estimate the medical device market at USD1,483mn in 2013, equal to USD294 per capita. We project the market will grow at a US dollar CAGR of 3.1% to reach USD1.7bn by 2018. Growth in NOK is expected to be higher at 5.3%.

  • Medical device imports grew at a US dollar CAGR of 2.0% between 2008 and 2013. The running annual import total reached USD1,159.9mn in the 12 months to December 2014, representing y-o-y US dollar growth of 4.0%. We believe that imports will continue to see steady growth in 2015 in line with the expanding market for medical devices, which is underpinned by the growing elderly population.

  • Exports of medical devices had a negative CAGR of -0.7% between 2008 and 2013. The running annual export total amounted to USD348.6mn in the 12 months to December 2014, representing y-o-y US dollar growth of 5.3%. The balance of trade deficit increased to USD784.1mn in 2013. We believe that exports will continue to be negatively impacted by weak growth within the Eurozone.

  • Domestic production is relatively small scale with larger producers geared to the export market. Reported output is low at less than EUR100mn, but actual production is substantially higher as the official figures exclude data for the consumables and diagnostic imaging sectors due to the low number of producers.

Headline Industry Risk/Reward Index

  • Norway ranks 10 th out of the 15 key markets covered in Western Europe (WE) for commercialising a medical device, according to BMI's Medical Device Risk/Reward Index (RRI). Norway's score increased to 71.5 out of 100...

BMI Industry View
7
SWOT
10
Medical Device Market
10
Political
11
Economic
12
Operational Risk
13
Industry Forecast
14
Medical Device Market Forecast
14
2008- 2013 Performance
14
2013-2018 Performance
16
Table: Projected Medical Device Market, 2013-2018
17
Table: Detailed Medical Device Market By Product Area, 2008-2018 (USDmn)
18
Consumables Market Forecast
21
Bandages & Dressings
21
Suturing Materials
22
Syringes, Needles & Catheters
22
Other Consumables
22
Table: Consumables Market, 2008-2018 (USDmn)
22
Table: Consumables Market, 2009-2018 (USDmn % Change)
23
Diagnostic Imaging Market Forecast
25
Electrodiagnostic Apparatus
25
Radiation Apparatus
26
Imaging Parts & Accessories
26
Table: Diagnostic Imaging Market, 2008-2018 (USDmn)
27
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, 2009-2018 (USDmn % Change)
36
Other Medical Devices Market Forecast
37
Table: Other Medical Devices Market, 2008-2018 (USDmn)
38
Table: Other Medical Devices Market, 2009-2018 (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)
57
Monthly Medical Device Imports
60
Table: Monthly Medical Device Imports By Product Area, December 2011-December 2014 (USDmn)
60
Annual Medical Device Exports
63
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s)
67
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s, % Change)
68
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
69
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s, % Change)
70
Table: Top 20 Medical Device Destinations, 2013 (USD000s)
72
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (USD000s)
73
Table: Detailed Medical Device Export Trends By Product Area, 2013
76
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (USD000s)
79
Table: Detailed Medical Device Trade Balance, 2009-2013 (USD000s)
83
Monthly Medical Device Exports
86
Table: Monthly Medical Device Exports By Product Area, December 2011-December 2014 (USDmn)
86
Macroeconomic Forecasts
89
Economic Analysis
89
GDP By Expenditure
92
Risks To Outlook
95
Table: GDP Contribution To Growth (Norway 2013-2019)
95
Industry Risk/Reward Index
96
Table: WE Medical Device Risk/Reward Index, Q315
97
Market Overview
98
Table: Medical Device Market, Key Ratios, 2013
99
Table: Medical Device Market By Category, 2013
100
Healthcare Overview
100
Health Status
100
Healthcare System
102
Healthcare Funding
109
Table: Healthcare Expenditure 2011-2014
112
Healthcare Resources
112
Healthcare Activity
114
Healthcare Personnel
114
Key Healthcare Data
115
Table: Key Healthcare Data, 2009-2014
115
Industry Trends & Developments
118
Table: Health Expenditure, 2011-2014
123
Regulatory Development
128
Medical Device Regulations
128
Competent Authority
128
NotifiedBodies
128
Regulations
128
Medical Device Pricing & Reimbursement
128
Competitive Landscape
130
Domestic Medical Device Production
130
Table: Medical Device Production By Product Area, 2009-2013 (EUR000s)
130
Table: Medical Device Production By Product Area, 2009-2013 (USD000s)
134
Table: Medical Device Production By Product Area, 2009-2013 (% Total)
137
Domestic Medical Device Manufacturing
140
National Medical Device Manufacturers
142
Multinational Medical Device Manufacturers
145
Multinational Market Activity
145
Table: Multinational Market Activity, 2015
145
Medical Device Market Access
147
Trade Associations
148
Table: LFH Members
148
Table: NLF Members - September 2014
149
Trade Shows
150
Methodology
151
Forecast Methodology
151
Trade Code Classifications
152
Table: Used HS Trade Codes
152
Table: Rearranged HS Trade Codes
154
Risk/Reward Index Methodology
157
Table: Medical Devices Risk/Reward Index Indicators
158
Sources
160
Contact
161

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.

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