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 Industry View : The Norwegian medical device market is limited by the size of the population, but enjoys above average per capita spending of USD300. The market is projected to 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 14.1% in US dollar terms in the three months to June 2015 and by 4.3% in the 12 months to June 2015, taking the running annual total to just under USD1.1bn.

  • 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 impact on the US dollar value of imports in the short term. The weak krone has contributed to a y-o-y dollar decline of 4.8% in the running annual export total to USD333.8mn for the 12 months to June 2015 and a 6.4% fall in imports during Q215.

  • The launch of HelseOmsorg21 sees a new government action plan for the implementation of a national research and innovation strategy for healthcare targeting 10 priority areas. An initiative focusing on the healthcare industry as an industrial policy priority will look at e-health, welfare technology, procurement and supplier development.

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
2014-2019 Performance
14
Table: Projected Medical Device Market, 2014-2019
15
2009-2014 Performance
16
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
17
Consumables Market Forecast
22
Bandages & Dressings
22
Suturing Materials
23
Syringes, Needles & Catheters
23
Other Consumables
23
Table: Consumables Market, 2009-2019 (USDmn)
24
Table: Consumables Market, 2010-2019 (USDmn % Change)
25
Diagnostic Imaging Market Forecast
27
Electrodiagnostic Apparatus
27
Radiation Apparatus
28
Imaging Parts & Accessories
28
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
29
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
30
Dental Products Market Forecast
32
Capital Equipment
32
Instruments & Supplies
32
Table: Dental Products Market, 2009-2019 (USDmn)
33
Table: Dental Products Market, 2010-2019 (USDmn % Change)
34
Orthopaedics & Prosthetics Market Forecast
35
Fixation Devices
36
Artificial Joints
36
Other Artificial Body Parts
36
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
37
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
37
Patient Aids Market Forecast
39
Portable Aids
39
Therapeutic Appliances
39
Table: Patient Aids Market, 2009-2019 (USDmn)
40
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
41
Other Medical Devices Market Forecast
43
Table: Other Medical Devices Market, 2009-2019 (USDmn)
44
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
45
Annual Medical Device Imports
47
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
60
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
64
Monthly Medical Device Imports
68
Table: Monthly Medical Device Imports By Product Area, June 2012-June 2015 (USDmn)
68
Annual Medical Device Exports
71
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
75
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s, % Change)
76
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
77
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s, % Change)
78
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
80
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
81
Table: Detailed Medical Device Export Trends By Product Area, 2014
84
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
87
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
90
Monthly Medical Device Exports
93
Table: Monthly Medical Device Exports By Product Area, June 2012-June 2015 (USDmn)
93
Macroeconomic Forecasts
95
Economic Analysis
95
Key Structural Characteristics
100
Table: Norway - Private Consumption Forecasts
101
Table: Norway - Government Consumption Forecasts
101
Table: Norway - Fixed Investment Forecasts
102
Table: Norway - Net Exports Forecasts
103
Table: Long-Term Macroeconomic Forecasts (Norway 2006-2014)
103
Table: Long-Term Macroeconomic Forecasts (Norway 2015-2024)
104
Industry Risk/Reward Index
105
Table: WE Medical Device Risk/Reward Index, Q415
106
Market Overview
107
Table: Medical Device Market, Key Ratios, 2014
108
Table: Medical Device Market By Category, 2014
109
Healthcare Overview
109
Health Status
109
Healthcare System
111
Healthcare Funding
118
Table: Healthcare Expenditure 2011-2014
121
Healthcare Resources
122
Healthcare Activity
122
Healthcare Personnel
122
Key Healthcare Data
123
Table: Key Healthcare Data, 2009-2014
123
Industry Trends & Developments
126
Table: Health Expenditure, 2011-2014
131
Regulatory Development
136
Medical Device Regulations
136
Competent Authority
136
NotifiedBodies
136
Regulations
136
Medical Device Pricing & Reimbursement
136
Competitive Landscape
138
Domestic Medical Device Production
138
Table: Medical Device Production By Product Area, 2009-2013 (EUR000s)
138
Table: Medical Device Production By Product Area, 2009-2013 (USD000s)
142
Table: Medical Device Production By Product Area, 2009-2013 (% Total)
145
Domestic Medical Device Manufacturing
148
National Medical Device Manufacturers
151
Multinational Medical Device Manufacturers
154
Multinational Market Activity
154
Table: Multinational Market Activity, 2015
154
Medical Device Market Access
156
Trade Associations
157
Table: LFH Members
157
Table: NLF Members - September 2014
158
Trade Shows
159
Methodology
160
Forecast Methodology
160
Trade Code Classifications
161
Table: Rearranged HS Trade Codes
162
Risk/Reward Index Methodology
165
Table: Medical Devices Risk/Reward Index Indicators
166
Sources
168
Contact
169

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.