australia medical devices report
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AUSTRALIA
Medical Devices Report
Q2 2014
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Australia Medical Devices ReportISSN 2053-8030
Copyright 2014 Espicom Business Intelligence
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British Library Cataloguing in Publication Data.
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CONTENTS
Espicom Industry View ....................................................................................................... 7
SWOT .................................................................................................................................... 9
Medical Device Market . .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 9
Political ................................................................................................................................................. 10
Economic . .. .. .......................................................................................................................................... 11
Business Environment .............................................................................................................................. 12
Industry Forecast .............................................................................................................. 14
Medical DeviceMarket Forecast ........ ........ ......... ........ ....... ........................................................................ 14
Table: Projected Medical Device Market, 2013-2018 ............. . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . 16
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn) . .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. . 17
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$ Per Capita) . .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 21
Table: DetailedMedical Device Market By Product Area, 2008-2018 (% Of Total) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
Table: Detailed Medical Device Market By Product Area, 2009-2018 (US$, % Change) . .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 28
Consumables Market Forecast ....... ........ ......... ........ ........ ........ ........ ......... ........ ........ ........ ......... ........ ........ . 31
Table: Consumables Market, 2008-2018 (US$mn) .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . 32
Table: Consumables Market, 2008-2018 (US$ Per Capita) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
Table: Consumables Market, 2009-2018 (US$mn % Change) .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
Diagnostic Imaging Market Forecast .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 36
Table: Diagnostic Imaging Market, 2008-2018 (US$mn) ....................... . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 38
Table: Diagnostic Imaging Market, 2008-2018 (US$ Per Capita) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40
Dental Products Market Forecast .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. . 42
Table: Dental Products Market, 2008-2018 (US$mn) .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43
Table: Dental Products Market, 2008-2018 (US$ Per Capita) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43
Table: DentalProducts Market, 2009-2018 (US$mn % Change) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44
Orthopaedics & Prosthetics Market Forecast ......... ........ ........ ........ ......... ........ ........ ........ ........ ......... ........ ..... 46
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn) .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$ Per Capita) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47
Table: Orthopaedics & Prosthetics Market, 2009-2018 (USmn % Change) ... .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 48
Patient Aids Market Forecast ........ ........ ........ ........ ......... ........ ........ ........ ......... ........ ........ ........ ........ ......... .. 49
Table: Patient Aids Market, 2008-2018 (US$mn) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50
Table: Patient Aids Market, 2008-2018 (US$ Per Capita) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . 50
Table: Patient Aids Market, 2009-2018 (US$mn % Change) .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
Other MedicalDevices Market Forecast .. .. .. .. .. .. .. .. .. .. .. ................................................................................ 53
Table: OtherMedical Devices Market, 2008-2018 (US$mn) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54
Table: Other Medical Devices Market, 2008-2018 (US$ Per Capita) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55
Table: OtherMedical Devices Market, 2009-2018 (US$mn % Change) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56
Annual Medical Device Imports .. ............................................................................................................... 59
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62
Table: Medical Device Imports By Product Area 2008-2012 (US$000s, % Change) .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 63
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s) .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 64
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Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s, % Change) . .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. . 65
Table: Medical Device Imports By Product Area, 2008-2012 (% Distribution) .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. . 66
Table: Leading Medical Device Suppliers By Product Area (US$000s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67
Table: Leading Medical Device Suppliers By Product Area (% Distribution) .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. . 68
Table: Top 20 Medical Device Suppliers (US$000s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69Table: Detailed Medical Device Imports By Product Area, 2008-2012 (US$000s) .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 70
Table: Detailed Medical Device Import Trends By Product Area .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 73
Table: Detailed Leading Medical Device Suppliers By Product Area (US$000s) .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. . 76
Monthly Medical Device Imports ... .. ........................................................................................................... 80
Table: MonthlyMedical Device Imports By Product Area, September 2010-October 2013 (US$mn) .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 80
Annual Medical Device Exports .. ... ............................................................................................................ 83
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s) .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. . 85
Table: MedicalDevice Exports By Product Area, 2008-2012 (US$000s, % Change) .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86
Table: MedicalDevice Exports By Product Area, 2008-2012 (Local Currency 000s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . .. . . . 87
Table: MedicalDevice Exports By Product Area, 2008-2012 (Local Currency 000s, % Change) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88
Table: MedicalDevice Exports By ProductArea, 2008-2012 (% Distribution) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 89
Table: LeadingMedical Device Destinations By Product Area (US$000s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90
Table: LeadingMedical Device Destinations By Product Area (% Distribution) .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 91
Table: Top 20Medical Device Destinations (US$000s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 92
Table: Detailed Medical Device Exports By Product Area, 2008-2012 (US$000s) .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 93
Table: Detailed Medical Device Export Trends By Product Area .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 96
Table: DetailedLeading Medical Device Destinations By Product Area (US$000s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100
Table: Detailed Medical Device Balance Of Trade, 2008-2012 (US$000s) .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 103
Monthly Medical Device Exports .... .... .... .... .............................................................................................. 106
Table: Monthly Medical Device Exports By Product Area, September 2010-October 2013 (US$mn) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106
Macroeconomic Forecasts ............................................................................................. 108
Ongoing Misallocation Of Capital Increases Risks .. ................................................................................... 110Increasing Pressures For Greater Macro-Prudential Rules ........ ........ ........ ......... ........ ........ ........ ........ ......... 111
Table: Australia - Economic Activity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 113
Industry Risk Reward Ratings ........................................................................................ 114
Table: Asia Pacific Medical Device Risk/Reward Ratings, Q214 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 115
Market Overview ............................................................................................................. 116
Medical Device Market Overview .... .... ... .... .............................................................................................. 116
Table: MedicalDevice Market, Key Ratios . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 117
Table: Medical Device Market By Product Area . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 118
Healthcare Overview ... .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. . 119
Health Status ....................................................................................................................................... 119
Healthcare System ................................................................................................................................ 119
Healthcare Funding .............................................................................................................................. 121
Healthcare Resources ........................................................................................................................... 122
Table: Diagnostic Imaging Technology By Type, 2006-2012 .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 123
Table: Diagnostic Imaging Technology Per Million Population By Type, 2006-2012 . .. . . .. . .. . . .. . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 123
Healthcare Activity .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. . 124
Healthcare Personnel ........................................................................................................................... 124
Key Data ............................................................................................................................................ 124
Table: Key Data, 2008-2013 .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . .. . . . . . . 124
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Industry Trends & Developments .................................................................................. 127
Industry Trends & Developments . .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. . 127
Regulatory Development ................................................................................................ 132
Medical Device Regulations .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 132
Competent Authority ........ ........ ......... ........ ........ ........ ........ ......... ........ ........ ........ ......... ........ ........ ........ .. 132
Regulations . .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 132
Australia New Zealand Therapeutic Products Authority .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 134
Competitive Landscape .................................................................................................. 136
Domestic Medical Device Production .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 136
National Medical Device Manufacturers .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 136
Multinational Medical Device Manufacturers .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. . 140
Multinational Market Activity .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 142
Table: Multinational Market Activity, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 142
Methodology .................................................................................................................... 144
Medical Device Market Methodology . .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 144
Trade Code Classifications ... ........ ......... ........ ........ ........ ......... ........ ........ ........ ......... ........ ........ ........ ...... 145
Table: Used HS Trade Codes, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 145
Table: Rearranged HS Trade Codes, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 147
Risk/Reward Ratings Methodology .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 150
Table: Medical Devices Risk/Reward Ratings Indicators, 2014 .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 151
Sources .............................................................................................................................................. 152
Contact .............................................................................................................................................. 153
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Espicom Industry View
Espicom Industry View: The Australian market has performed well in recent years, driven by a strongly-
growing economy and the requirements of an increasingly elderly population. However, a weakening of the
Australian dollar over the next five years is expected to bring the momentum in the market to a halt.
Headline Industry Forecasts
At US$4.8bn, the market ranks amongst the top 20 largest in the world, while per capita spending is on a
par with European markets such as the Netherlands or Finland. Growth for the 2013-2018 period is
expected to be subdued; estimated at a CAGR of 0.1% in US$ terms which will raise the market to US
$4,836.5mn by 2018.
Since 2001, medical device imports have seen a period of sustained rapid growth. In 2012, importsreached a new high of US$4,523.6mn, rising by 3.9% over 2011. In CAGR terms, growth was 10.8%
between 2007 and 2012. The running annual total reached US$4.6bn in the 12 months to October 2013,
representing y-on-y growth of 2.2%.
Medical device exports bounced back strongly from the dip in 2009, recording strong growth over the
2010-2012 period. In 2012, exports rose by 10.5% to reach US$1,696.0mn. The running annual total
reached US$1.7bn in the 12 months to October 2013, representing y-on-y growth of 1.7%. In 2012, the
balance of trade deficit edged up to US$2,828mn.
Australia has a large number of small manufacturers, mostly making hospital consumables and supplies.
Production is generally high quality, but low tech; advanced products are almost always imported. The
majority of production is consumed locally.
Headline Industry Risk/Reward Rating
Australia is the most attractive market in the Asia Pacific region for commercialising a medical device,
according to BMI Espicom's Medical Device Risk/Reward Ratings (RRRs). The country's overall score
for Q214 is 75.8 out of 100, which is marginally ahead of Japan (75.7).
Headline Healthcare Overview
Australia's population stands at over 23mn and is currently growing at an annual rate of 1.3%. The
population aged 65 years and over represents 14.3% of the total and Australian life expectancy is
amongst the world's highest at 80.0 years for men and 84.5 years for women.
In 2013, Espicom estimates Australian healthcare expenditure at US$138.1bn, equal to US$5,917 per
capita. Australia has long had a relatively high level of health spending and in 2013 it stood at 9.1% of
GDP, having grown at a CAGR of 0.6% over the 2008-2013 period. Spending in US$ per capita terms
has doubled since 2003.
The number of hospitals is increasing, with an additional nine opening in 2013 to take the total to 1,363.
The number of hospital beds remains steady at 3.8 per thousand population. The number of doctors is
also rising in line with population growth, reaching almost 80,000 in 2013, a rate of 3.4 physicians per
thousand population.
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Headline Industry Trends & Developments
Medical device imports grew by 1.2% in US dollar terms in the three months to October 2013, with
growth led by the patient aids and orthopaedics & prosthetics segments which grew by 15.1% and 4.1%
respectively.
Medical device exports grew by 1.7% in US dollar terms in the three months to October 2013, with
growth led by a 17.2% increase in the other medical devices segment.
In August 2011, after months of negotiation, the Commonwealth Government signed an agreement with
all States and Territories to formalise the National Health Reform plan. Designed to improve funding to
hospitals and to reduce patient waiting times, the plan will see the Commonwealth Government invest at
least A$16.4bn (US$16.0bn) in additional funding for public hospitals over the period 2014-15 to
2019-20. The Commonwealth Government will match 45% of efficient growth funding from July 2014,
and 50% of efficient growth from July 2017.
According to the MTAA (Medical Technology Association of Australia), the Australian industry includes
over 500 medical technology companies with products listed on the Australian Register of TherapeuticGoods (ARTG). It employs around 19,000 people with turnover of around A$10.8bn in 2010-11,
although this includes distribution activity.
BMI Political View:A Newspoll's December 8 popularity poll reflected the significant decline in the
popularity of Liberal-National Coalition and Prime Minister Tony Abbott since they were elected into
parliament on September 7 2013. The lack of progress on items such as carbon tax and mineral resource
rent tax (although largely due to opposition parties holding the agenda hostage) have certainly shook
voters' confidence in the new government to deliver and weighed on the party's popularity. While these polls
have no consequence on the government's decisions or policies, further declines in popularity could reignite
internal struggles within the coalition and cause more policy paralysis.
BMI Economic View: Several domestic and external factors have served to boost the level of economic
activity in Australia. While BMI revised its GDP growth forecasts for 2014 to 2.0% from 1.8% previously,
this change masks its concerns for the ever-growing risks within the Australian economy. Given that an
increasing proportion of capital is being invested in the housing sector despite the weak performance of
business spending, (a turnaround in which is required to generate wage growth), this misallocation of
capital increases the economy's vulnerability to external shocks, on top of the ongoing weakness in the
mining sector.
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SWOT
Medical Device Market
SWOT Analysis
Strengths One of world's top 20 medical device markets
High per capita spending
Market is predominantly supplied by imports
Universal health coverage
An ageing and affluent population
Weaknesses Market fragmentation due to vast geographic size
Market limited by population size
Opportunities Receptive to new technologies
Strong academic R&D community
Government support for manufacturing sector
Imports rising
National Health Reform plan supporting investment in healthcare
Threats Continued focus on cost containment in the public healthcare sector
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Political
SWOT Analysis
Strengths Australia is a mature democracy with a broadly stable party system.
Economic stability over recent years supports the current political system and radical
groups are unlikely to gain substantial support.
Weaknesses As one of the region's largest and most stable states, the country attracts many
refugees and economic migrants. The issue is a key source of domestic tension and
has been hotly debated in parliament in recent times as the capsizing of a boat led to
the death of a number of refugees. The issue continues to be debated in the federal
parliament with no sign of political parties co-operating to find an alternative that
would ensure the safe passage and fair processing of the refugees, while reducing the
possibility of people smuggling.
The fragility of the state governments' finances compared to the large infrastructure
projects that they need to undertake has led to questions with regards to the
compatibility of the federal-state system with the country's current developmentneeds.
Opportunities Australia has historically enjoyed close military ties with the US. However, with the
rise of regional economic powers such as China, it will need to balance competing
military and economic ties.
Threats Australia's early support for the US 'War on Terror', among other things, has made
Australians abroad a target for Islamic extremists.
Australia's close alliance with the US, particularly under John Howard, has left a
lingering feeling among some Asian governments that it is America's 'deputy sheriff'
in the region.
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Economic
SWOT Analysis
Strengths A free-market economy supported by a highly educated workforce.
Blessed with rich natural resources, Australia's economic activity has been
augmented by demand for commodity exports and the investments made in the
mining sector.
Weaknesses The persistent current account deficit increases vulnerability to capital flows and, by
extension, currency volatility.
The export basket is highly concentrated in commodities, and consequently exposes
the economy and currency to fluctuations in world prices for metals, coal and
agricultural goods.
Opportunities The rapid expansion of Asian economies in recent years offers new opportunities for
diversifying trading ties from core European markets.
A low level of government debt has provided a certain amount of flexibility in fiscalpolicy to support domestic demand through the downturn.
Threats The high level of private sector debt - especially mortgage loans - fuelled by overseas
funding poses a threat to sustained growth.
A collapse in exports from a drop in resource demand from China and other resource-
hungry countries would severely impact headline GDP growth.
Australia is vulnerable to extreme weather that may lead to droughts and floods,
which have become increasingly severe in past years as a result of global climate
change.
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Business Environment
SWOT Analysis
Strengths A highly educated workforce and comparatively modern transport infrastructure
underpin economic prospects.
A number of free trade agreements with countries such as New Zealand, Thailand and
the US serve as a boon for trading activities.
Weaknesses Despite its openness, Australia requires the Foreign Investment Review Board to
approve any commercial real estate investment by a foreign company or individual
valued at US$5mn or more.
With a population of just over 22mn, the domestic consumer base is small by regional
standards.
Opportunities Australia is currently in talks with China, Malaysia, the Gulf Co-operation Council,
Indonesia, India, Japan and South Korea regarding potential bilateral free trade
agreements. It is also part of negotiations for the Trans-Pacific Partnership and a
regional south pacific pact, PACER plus.
Upgrade and expansion of urban infrastructure will be needed to sustain population
growth in Australia's main cities, providing opportunities for public-private
partnerships in the future. The government is also targeting infrastructure
improvements to rural areas.
More healthcare infrastructure will be needed to support the ageing population, and
with the introduction of the federal government's National Disability Insurance
Scheme, the industry is likely to see increasing demand for services.
Threats Corporate taxes for foreign investors in Australia remain higher than in other
countries, and it seems unlikely that the government will succeed to reduce the rates
in the near future.
Recent investment proposals by Chinese firms regarding the agricultural and resource
extraction sector have raised fears that strategic assets will be lost to foreign players.
This has led to more conditions attached to the sale agreements, which is likely to
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SWOT Analysis - Continued
reduce the attractiveness of these assets. It remains to be seen if the recent
implementation of a database to increase transparency around foreign-owned
Australian assets will spur more regulation.
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Industry Forecast
Medical Device Market Forecast
Past Performance 2008-2013
The Australian market has performed well in recent years, driven by a strongly-growing economy and the
requirements of an increasingly elderly population. Growth for the 2008-2013 period is estimated at a
CAGR of 7.8% in US$ terms, but 4.0% when measured in Australian dollars. Strong growth, of 15.9% and
18.2% was recorded in 2010 and 2011, but this was primarily a result of exchange rate volatility.
Medical Device Market, 2009-2018 % Change
Source: BMI Espicom
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CAGR Of The Historical Medical Device Market By Product Area
%
Source: BMI Espicom
Future Performance 2013-2018
A weakening of the Australian dollar over the next five years is expected to result in a reversal of the
growth trend experienced over the 2008-2012 period, with the market projected to stagnate in US dollar
terms, but growing by 6.0% when measured in local currency.
A CAGR for 2013-2018 of 0.1% is projected to take the overall market to US$4,836.5mn by 2018, equal to
US$196 per capita. This will place Australia amongst the top 20 largest markets in the world by 2018.
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Table: Projected Medical Device Market, 2013-2018
Total (US$mn) Per Capita (US$) Total (Local Currency mn) Per Capita (LocalCurrency)
2013 4,814.3 207.4 4,815.7 207.5
2014 4,542.0 193.3 5,074.9 215.9
2015 4,246.5 178.5 5,375.3 225.9
2016 4,278.5 177.6 5,704.6 236.8
2017 4,547.9 186.5 6,063.9 248.7
2018 4,836.5 196.0 6,448.7 261.4
Source: BMI Espicom
Projected Medical Device Market, 2013-2018
US$mn
Source: BMI Espicom
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CAGR Of The Projected Medical Device Market By Product Area ,2013-2018
%
Source: BMI Espicom
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CONSUMABLES 457.5 468.1 529.4 649.0 648.4 646.8 598.3 548.5 542.0 565.2 589.9
BANDAGES &DRESSINGS 114.5 112.5 138.6 189.0 151.0 150.0 138.1 125.9 123.7 128.1 132.6
Medical dressings(adhesive) 50.6 48.4 56.6 71.1 70.1 70.5 65.7 60.6 60.3 63.2 66.2
Medical dressings (non-adhesive) 64.0 64.1 82.0 117.8 80.9 79.5 72.4 65.3 63.4 64.9 66.4
SUTURING MATERIALS 61.5 60.2 62.1 76.7 92.7 95.4 90.9 85.7 87.0 93.2 99.8
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Detailed Medical Device Market By Product Area, 2008-2018 (US$mn) - Continued
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
SYRINGES, NEEDLES &CATHETERS 257.1 256.9 263.4 307.4 327.3 322.7 294.8 266.7 260.0 267.3 274.8
Syringes (with/withoutneedles) 36.4 45.5 47.5 52.0 51.9 52.6 49.3 45.9 45.9 48.5 51.2
Tubular metal needles/needles for sutures 28.5 32.4 30.7 36.2 38.4 38.4 35.6 32.7 32.3 33.7 35.1
Other needles,catheters, cannulae etc 192.1 179.1 185.2 219.2 237.0 231.7 209.8 188.2 181.8 185.1 188.5
OTHERCONSUMABLES 24.4 38.5 65.3 75.9 77.4 78.8 74.6 70.2 71.3 76.6 82.7
Blood-groupingreagents 6.5 4.3 4.9 6.8 5.5 5.4 5.0 4.5 4.4 4.5 4.7
First-aid boxes & kits 2.9 2.4 3.7 4.6 6.9 8.0 8.6 9.1 10.4 12.6 15.2
Ostomy products 0.9 18.3 36.9 36.8 41.4 40.5 36.7 33.0 31.9 32.5 33.2
Surgical gloves 14.1 13.4 19.8 27.6 23.5 24.9 24.3 23.5 24.6 27.0 29.7
DIAGNOSTIC IMAGING 498.0 510.5 587.4 640.5 726.3 735.2 690.0 641.6 642.9 679.8 719.1
ELECTRODIAGNOSTICAPPARATUS 242.2 252.9 288.0 313.0 328.6 335.9 318.3 298.8 302.3 322.8 344.7
Electrocardiographs 9.9 10.0 13.3 15.5 15.1 15.6 14.9 14.0 14.3 15.3 16.5
Ultrasound 76.7 80.7 84.2 90.6 89.5 89.8 83.4 76.8 76.2 79.6 83.2
MRI 27.4 46.3 52.2 56.0 72.8 77.5 76.5 74.7 78.5 87.0 96.4
Scintigraphic apparatus 2.2 1.7 4.0 3.5 4.1 4.4 4.4 4.4 4.6 5.2 5.9
Other electrodiagnosticapparatus 126.0 114.3 134.3 147.4 147.2 148.6 139.1 129.0 128.8 135.6 142.7
RADIATIONAPPARATUS 119.5 128.3 147.8 154.1 218.9 221.9 208.4 193.9 194.3 205.5 217.4
CT scanners 23.7 32.8 43.6 64.3 93.4 97.1 93.5 89.1 91.5 99.0 107.1
Other medical x-rayapparatus
88.0 94.1 101.4 86.6 116.9 116.3 107.3 97.9 96.2 99.7 103.4
A, B, C ray apparatus 7.8 1.4 2.8 3.2 8.6 8.4 7.6 6.9 6.7 6.8 6.9
IMAGING PARTS &ACCESSORIES 136.3 129.3 151.6 173.4 178.7 177.4 163.3 148.9 146.2 151.5 157.0
Contrast media 26.8 25.2 31.1 32.1 33.9 33.3 30.3 27.3 26.5 27.2 27.8
Medical x-ray film (flat) 21.0 22.0 23.4 25.5 23.5 22.4 19.8 17.3 16.3 16.1 16.0
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Detailed Medical Device Market By Product Area, 2008-2018 (US$mn) - Continued
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Medical x-ray film(rolled) 0.3 0.2 0.2 0.2 0.4 0.4 0.4 0.3 0.4 0.4 0.4
X-ray tubes 16.8 18.5 19.9 21.5 24.8 25.3 24.0 22.5 22.7 24.2 25.7
Other imaging parts &accessories 71.4 63.4 77.1 94.1 96.1 96.0 88.8 81.4 80.4 83.7 87.1
DENTAL PRODUCTS 172.2 186.8 205.1 226.0 240.0 247.1 236.2 224.0 229.2 247.7 268.1
CAPITAL EQUIPMENT 20.3 25.6 35.7 28.4 28.8 30.1 29.1 27.9 28.9 31.5 34.4
Dental drills 1.7 3.1 3.5 2.4 2.1 2.0 1.8 1.6 1.6 1.6 1.6
Dental chairs 8.6 8.5 12.7 10.2 9.2 9.3 8.6 7.9 7.9 8.2 8.6
Dental x-ray 9.9 14.0 19.5 15.8 17.5 18.8 18.7 18.3 19.4 21.7 24.2
INSTRUMENTS &SUPPLIES 151.9 161.2 169.4 197.7 211.2 217.1 207.1 196.0 200.3 216.1 233.7
Dental cements 32.2 34.2 37.0 53.6 59.8 64.3 64.2 63.5 67.7 76.0 85.4
Dental instruments 74.0 81.6 78.0 87.1 92.5 90.7 82.4 74.2 71.9 73.5 75.1
Teeth & other fittings 45.7 45.3 54.4 57.0 59.0 62.0 60.4 58.3 60.7 66.6 73.1
Artificial teeth 5.3 5.5 11.4 12.5 13.5 13.6 12.6 11.6 11.5 12.1 12.6
Other dental fittings 40.4 39.8 43.0 44.5 45.4 48.4 47.8 46.7 49.1 54.5 60.5
ORTHOPAEDICS &PROSTHETICS 539.8 557.2 656.7 850.6 835.0 864.7 829.8 788.3 806.7 870.5 939.5
FIXATION DEVICES 141.2 110.4 134.4 219.9 201.5 204.2 191.8 178.3 178.5 188.5 198.9
ARTIFICIAL JOINTS 171.0 156.6 194.2 245.0 280.2 294.4 286.6 276.2 286.6 313.5 343.0
OTHER ARTIFICIALBODY PARTS 227.6 290.2 328.0 385.7 353.3 366.0 351.3 333.8 341.6 368.5 397.6
PATIENT AIDS 626.8 551.6 682.5 810.0 787.8 792.1 738.8 683.6 681.7 717.2 755.0
PORTABLE AIDS 475.3 408.5 470.3 576.4 563.1 562.5 521.1 478.7 473.9 494.8 516.8
Hearing aids 111.8 96.4 116.8 143.4 138.1 139.0 129.8 120.6 120.7 127.4 134.4
Pacemakers 121.5 116.6 130.9 147.2 177.8 181.5 171.6 160.6 161.9 172.0 182.8
Other portable aids 242.1 195.5 222.6 285.8 247.1 242.0 219.6 197.5 191.3 195.4 199.6
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Detailed Medical Device Market By Product Area, 2008-2018 (US$mn) - Continued
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
THERAPEUTICAPPLIANCES 151.4 143.1 212.2 233.6 224.7 229.7 217.8 204.9 207.8 222.4 238.2
Mechano-therapyapparatus 63.8 54.0 61.3 70.2 81.2 80.0 73.0 65.9 64.1 65.7 67.4
Therapeutic respirationapparatus 87.7 89.1 150.9 163.4 143.5 149.7 144.8 139.0 143.7 156.6 170.7
OTHERS 1,011.8 1,054.0 1,195.3 1,381.0 1,493.9 1,528.3 1,448.9 1,360.6 1,376.1 1,467.5 1,564.9
WHEELCHAIRS 26.5 24.4 28.0 31.2 32.2 32.7 30.7 28.7 28.8 30.5 32.4
Wheelchairs, notmechanically propelled
11.2 10.0 10.7 12.9 13.4 14.1 13.6 13.1 13.5 14.7 16.1
Wheelchairs,mechanically propelled
15.3 14.4 17.3 18.3 18.8 18.6 17.1 15.6 15.3 15.8 16.3
OPHTHALMICINSTRUMENTS 65.1 65.8 68.5 85.3 96.5 98.8 93.7 88.0 89.0 95.0 101.3
HOSPITAL FURNITURE 41.0 35.0 41.6 50.1 58.6 59.5 55.9 52.0 52.1 55.0 58.1
MEDICAL, SURGICALSTERILISERS 16.5 17.3 18.9 20.3 22.4 22.5 20.9 19.2 19.0 19.8 20.7
ULTRA-VIOLET ORINFRA-RED RAYAPPARATUS
1.8 1.5 2.4 2.3 4.0 4.2 4.0 3.8 3.9 4.3 4.6
OTHER INSTRUMENTS& APPLIANCES 860.9 910.0 1,035.9 1,191.8 1,280.1 1,310.8 1,243.8 1,169.0 1,183.3 1,262.9 1,347.7
Anaesthetic apparatusand instruments 86.5 91.4 98.4 96.2 120.7 121.7 113.7 105.1 104.7 109.9 115.3
TOTAL 3,306.0 3,328.2 3,856.4 4,557.1 4,731.4 4,814.3 4,542.0 4,246.5 4,278.5 4,547.9 4,836.5
Source: BMI Espicom
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Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$ Per Capita)
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CONSUMABLES 21.3 21.4 23.8 28.7 28.3 27.9 25.5 23.1 22.5 23.2 23.9
BANDAGES &DRESSINGS
5.3 5.1 6.2 8.4 6.6 6.5 5.9 5.3 5.1 5.3 5.4
Medical dressings(adhesive)
2.3 2.2 2.5 3.1 3.1 3.0 2.8 2.5 2.5 2.6 2.7
Medical dressings (non-adhesive) 3.0 2.9 3.7 5.2 3.5 3.4 3.1 2.7 2.6 2.7 2.7
SUTURING MATERIALS 2.9 2.7 2.8 3.4 4.0 4.1 3.9 3.6 3.6 3.8 4.0
SYRINGES, NEEDLES &CATHETERS 11.9 11.7 11.8 13.6 14.3 13.9 12.5 11.2 10.8 11.0 11.1
Syringes (with/withoutneedles) 1.7 2.1 2.1 2.3 2.3 2.3 2.1 1.9 1.9 2.0 2.1
Tubular metal needles/needles for sutures 1.3 1.5 1.4 1.6 1.7 1.7 1.5 1.4 1.3 1.4 1.4
Other needles,catheters, cannulae etc 8.9 8.2 8.3 9.7 10.3 10.0 8.9 7.9 7.5 7.6 7.6
OTHERCONSUMABLES 1.1 1.8 2.9 3.4 3.4 3.4 3.2 2.9 3.0 3.1 3.4
Blood-groupingreagents 0.3 0.2 0.2 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2
First-aid boxes & kits 0.1 0.1 0.2 0.2 0.3 0.3 0.4 0.4 0.4 0.5 0.6
Ostomy products 0.0 0.8 1.7 1.6 1.8 1.7 1.6 1.4 1.3 1.3 1.3
Surgical gloves 0.7 0.6 0.9 1.2 1.0 1.1 1.0 1.0 1.0 1.1 1.2
DIAGNOSTIC IMAGING 23.1 23.3 26.4 28.3 31.7 31.7 29.4 27.0 26.7 27.9 29.1
ELECTRODIAGNOSTICAPPARATUS 11.3 11.5 12.9 13.8 14.3 14.5 13.5 12.6 12.6 13.2 14.0
Electrocardiographs 0.5 0.5 0.6 0.7 0.7 0.7 0.6 0.6 0.6 0.6 0.7
Ultrasound 3.6 3.7 3.8 4.0 3.9 3.9 3.5 3.2 3.2 3.3 3.4
MRI 1.3 2.1 2.3 2.5 3.2 3.3 3.3 3.1 3.3 3.6 3.9
Scintigraphic apparatus 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2
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2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Other electrodiagnosticapparatus 5.9 5.2 6.0 6.5 6.4 6.4 5.9 5.4 5.3 5.6 5.8
RADIATIONAPPARATUS 5.6 5.9 6.6 6.8 9.6 9.6 8.9 8.1 8.1 8.4 8.8
CT scanners 1.1 1.5 2.0 2.8 4.1 4.2 4.0 3.7 3.8 4.1 4.3
Other medical x-rayapparatus 4.1 4.3 4.6 3.8 5.1 5.0 4.6 4.1 4.0 4.1 4.2
A, B, C ray apparatus 0.4 0.1 0.1 0.1 0.4 0.4 0.3 0.3 0.3 0.3 0.3
IMAGING PARTS &ACCESSORIES 6.3 5.9 6.8 7.7 7.8 7.6 6.9 6.3 6.1 6.2 6.4
Contrast media 1.2 1.2 1.4 1.4 1.5 1.4 1.3 1.1 1.1 1.1 1.1
Medical x-ray film (flat) 1.0 1.0 1.0 1.1 1.0 1.0 0.8 0.7 0.7 0.7 0.6
Medical x-ray film(rolled) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
X-ray tubes 0.8 0.8 0.9 1.0 1.1 1.1 1.0 0.9 0.9 1.0 1.0
Other imaging parts &accessories 3.3 2.9 3.5 4.2 4.2 4.1 3.8 3.4 3.3 3.4 3.5
DENTAL PRODUCTS 8.0 8.5 9.2 10.0 10.5 10.6 10.0 9.4 9.5 10.2 10.9
CAPITAL EQUIPMENT 0.9 1.2 1.6 1.3 1.3 1.3 1.2 1.2 1.2 1.3 1.4
Dental drills 0.1 0.1 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Dental chairs 0.4 0.4 0.6 0.5 0.4 0.4 0.4 0.3 0.3 0.3 0.3
Dental x-ray 0.5 0.6 0.9 0.7 0.8 0.8 0.8 0.8 0.8 0.9 1.0
INSTRUMENTS &SUPPLIES 7.1 7.4 7.6 8.7 9.2 9.4 8.8 8.2 8.3 8.9 9.5
Dental cements 1.5 1.6 1.7 2.4 2.6 2.8 2.7 2.7 2.8 3.1 3.5
Dental instruments 3.4 3.7 3.5 3.9 4.0 3.9 3.5 3.1 3.0 3.0 3.0
Teeth & other fittings 2.1 2.1 2.4 2.5 2.6 2.7 2.6 2.5 2.5 2.7 3.0
Artificial teeth 0.2 0.3 0.5 0.6 0.6 0.6 0.5 0.5 0.5 0.5 0.5
Other dental fittings 1.9 1.8 1.9 2.0 2.0 2.1 2.0 2.0 2.0 2.2 2.5
ORTHOPAEDICS &PROSTHETICS 25.1 25.4 29.5 37.6 36.4 37.2 35.3 33.1 33.5 35.7 38.1
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Detailed Medical Device Market By Product Area, 2008-2018 (US$ Per Capita) - Continued
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
FIXATION DEVICES 6.6 5.0 6.0 9.7 8.8 8.8 8.2 7.5 7.4 7.7 8.1
ARTIFICIAL JOINTS 7.9 7.1 8.7 10.8 12.2 12.7 12.2 11.6 11.9 12.9 13.9
OTHER ARTIFICIALBODY PARTS
10.6 13.3 14.7 17.1 15.4 15.8 14.9 14.0 14.2 15.1 16.1
PATIENT AIDS 29.1 25.2 30.6 35.8 34.4 34.1 31.4 28.7 28.3 29.4 30.6
PORTABLE AIDS 22.1 18.7 21.1 25.5 24.6 24.2 22.2 20.1 19.7 20.3 20.9
Hearing aids 5.2 4.4 5.2 6.3 6.0 6.0 5.5 5.1 5.0 5.2 5.4
Pacemakers 5.6 5.3 5.9 6.5 7.8 7.8 7.3 6.8 6.7 7.1 7.4
Other portable aids 11.3 8.9 10.0 12.6 10.8 10.4 9.3 8.3 7.9 8.0 8.1
THERAPEUTICAPPLIANCES 7.0 6.5 9.5 10.3 9.8 9.9 9.3 8.6 8.6 9.1 9.7
Mechano-therapyapparatus 3.0 2.5 2.8 3.1 3.5 3.4 3.1 2.8 2.7 2.7 2.7
Therapeutic respirationapparatus 4.1 4.1 6.8 7.2 6.3 6.4 6.2 5.8 6.0 6.4 6.9
OTHERS 47.0 48.1 53.7 61.1 65.2 65.8 61.6 57.2 57.1 60.2 63.4
WHEELCHAIRS 1.2 1.1 1.3 1.4 1.4 1.4 1.3 1.2 1.2 1.3 1.3
Wheelchairs, notmechanically propelled 0.5 0.5 0.5 0.6 0.6 0.6 0.6 0.5 0.6 0.6 0.7
Wheelchairs,mechanically propelled 0.7 0.7 0.8 0.8 0.8 0.8 0.7 0.7 0.6 0.6 0.7
OPHTHALMICINSTRUMENTS 3.0 3.0 3.1 3.8 4.2 4.3 4.0 3.7 3.7 3.9 4.1
HOSPITAL FURNITURE 1.9 1.6 1.9 2.2 2.6 2.6 2.4 2.2 2.2 2.3 2.4
MEDICAL, SURGICALSTERILISERS 0.8 0.8 0.8 0.9 1.0 1.0 0.9 0.8 0.8 0.8 0.8
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Detailed Medical Device Market By Product Area, 2008-2018 (US$ Per Capita) - Continued
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ULTRA-VIOLET ORINFRA-RED RAYAPPARATUS
0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2
OTHER INSTRUMENTS& APPLIANCES 40.0 41.5 46.5 52.7 55.9 56.5 52.9 49.1 49.1 51.8 54.6
Anaesthetic apparatusand instruments 4.0 4.2 4.4 4.3 5.3 5.2 4.8 4.4 4.3 4.5 4.7
TOTAL 153.7 152.0 173.2 201.6 206.4 207.4 193.3 178.5 177.6 186.5 196.0
Source: BMI Espicom
Table: Detailed Medical Device Market By Product Area, 2008-2018 (% Of Total)
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CONSUMABLES 13.8 14.1 13.7 14.2 13.7 13.4 13.2 12.9 12.7 12.4 12.2
BANDAGES &DRESSINGS 3.5 3.4 3.6 4.1 3.2 3.1 3.0 3.0 2.9 2.8 2.7
Medical dressings(adhesive) 1.5 1.5 1.5 1.6 1.5 1.5 1.4 1.4 1.4 1.4 1.4
Medical dressings (non-adhesive) 1.9 1.9 2.1 2.6 1.7 1.7 1.6 1.5 1.5 1.4 1.4
SUTURING MATERIALS 1.9 1.8 1.6 1.7 2.0 2.0 2.0 2.0 2.0 2.0 2.1
SYRINGES, NEEDLES &CATHETERS 7.8 7.7 6.8 6.7 6.9 6.7 6.5 6.3 6.1 5.9 5.7
Syringes (with/withoutneedles) 1.1 1.4 1.2 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1
Tubular metal needles/needles for sutures
0.9 1.0 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.7 0.7
Other needles,catheters, cannulae etc
5.8 5.4 4.8 4.8 5.0 4.8 4.6 4.4 4.2 4.1 3.9
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Detailed Medical Device Market By Product Area, 2008-2018 (% Of Total) - Continued
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
OTHERCONSUMABLES 0.7 1.2 1.7 1.7 1.6 1.6 1.6 1.7 1.7 1.7 1.7
Blood-groupingreagents 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
First-aid boxes & kits 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.3
Ostomy products 0.0 0.5 1.0 0.8 0.9 0.8 0.8 0.8 0.7 0.7 0.7
Surgical gloves 0.4 0.4 0.5 0.6 0.5 0.5 0.5 0.6 0.6 0.6 0.6
DIAGNOSTIC IMAGING 15.1 15.3 15.2 14.1 15.3 15.3 15.2 15.1 15.0 14.9 14.9
ELECTRODIAGNOSTICAPPARATUS 7.3 7.6 7.5 6.9 6.9 7.0 7.0 7.0 7.1 7.1 7.1
Electrocardiographs 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3
Ultrasound 2.3 2.4 2.2 2.0 1.9 1.9 1.8 1.8 1.8 1.8 1.7
MRI 0.8 1.4 1.4 1.2 1.5 1.6 1.7 1.8 1.8 1.9 2.0
Scintigraphic apparatus 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Other electrodiagnosticapparatus 3.8 3.4 3.5 3.2 3.1 3.1 3.1 3.0 3.0 3.0 3.0
RADIATIONAPPARATUS 3.6 3.9 3.8 3.4 4.6 4.6 4.6 4.6 4.5 4.5 4.5
CT scanners 0.7 1.0 1.1 1.4 2.0 2.0 2.1 2.1 2.1 2.2 2.2
Other medical x-rayapparatus 2.7 2.8 2.6 1.9 2.5 2.4 2.4 2.3 2.2 2.2 2.1
A, B, C ray apparatus 0.2 0.0 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.1 0.1
IMAGING PARTS &ACCESSORIES 4.1 3.9 3.9 3.8 3.8 3.7 3.6 3.5 3.4 3.3 3.2
Contrast media 0.8 0.8 0.8 0.7 0.7 0.7 0.7 0.6 0.6 0.6 0.6
Medical x-ray film (flat) 0.6 0.7 0.6 0.6 0.5 0.5 0.4 0.4 0.4 0.4 0.3
Medical x-ray film(rolled) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
X-ray tubes 0.5 0.6 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5
Other imaging parts &accessories 2.2 1.9 2.0 2.1 2.0 2.0 2.0 1.9 1.9 1.8 1.8
DENTAL PRODUCTS 5.2 5.6 5.3 5.0 5.1 5.1 5.2 5.3 5.4 5.4 5.5
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Detailed Medical Device Market By Product Area, 2008-2018 (% Of Total) - Continued
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CAPITAL EQUIPMENT 0.6 0.8 0.9 0.6 0.6 0.6 0.6 0.7 0.7 0.7 0.7Dental drills 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Dental chairs 0.3 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2
Dental x-ray 0.3 0.4 0.5 0.3 0.4 0.4 0.4 0.4 0.5 0.5 0.5
INSTRUMENTS &SUPPLIES 4.6 4.8 4.4 4.3 4.5 4.5 4.6 4.6 4.7 4.8 4.8
Dental cements 1.0 1.0 1.0 1.2 1.3 1.3 1.4 1.5 1.6 1.7 1.8
Dental instruments 2.2 2.5 2.0 1.9 2.0 1.9 1.8 1.7 1.7 1.6 1.6
Teeth & other fittings 1.4 1.4 1.4 1.3 1.2 1.3 1.3 1.4 1.4 1.5 1.5Artificial teeth 0.2 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3
Other dental fittings 1.2 1.2 1.1 1.0 1.0 1.0 1.1 1.1 1.1 1.2 1.3
ORTHOPAEDICS &PROSTHETICS
16.3 16.7 17.0 18.7 17.6 18.0 18.3 18.6 18.9 19.1 19.4
FIXATION DEVICES 4.3 3.3 3.5 4.8 4.3 4.2 4.2 4.2 4.2 4.1 4.1
ARTIFICIAL JOINTS 5.2 4.7 5.0 5.4 5.9 6.1 6.3 6.5 6.7 6.9 7.1
OTHER ARTIFICIALBODY PARTS 6.9 8.7 8.5 8.5 7.5 7.6 7.7 7.9 8.0 8.1 8.2
PATIENT AIDS 19.0 16.6 17.7 17.8 16.7 16.5 16.3 16.1 15.9 15.8 15.6
PORTABLE AIDS 14.4 12.3 12.2 12.6 11.9 11.7 11.5 11.3 11.1 10.9 10.7
Hearing aids 3.4 2.9 3.0 3.1 2.9 2.9 2.9 2.8 2.8 2.8 2.8
Pacemakers 3.7 3.5 3.4 3.2 3.8 3.8 3.8 3.8 3.8 3.8 3.8
Other portable aids 7.3 5.9 5.8 6.3 5.2 5.0 4.8 4.7 4.5 4.3 4.1
THERAPEUTICAPPLIANCES 4.6 4.3 5.5 5.1 4.8 4.8 4.8 4.8 4.9 4.9 4.9
Mechano-therapyapparatus 1.9 1.6 1.6 1.5 1.7 1.7 1.6 1.6 1.5 1.4 1.4
Therapeutic respirationapparatus 2.7 2.7 3.9 3.6 3.0 3.1 3.2 3.3 3.4 3.4 3.5
OTHERS 30.6 31.7 31.0 30.3 31.6 31.7 31.9 32.0 32.2 32.3 32.4
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Detailed Medical Device Market By Product Area, 2008-2018 (% Of Total) - Continued
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
WHEELCHAIRS 0.8 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7
Wheelchairs, notmechanically propelled 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3
Wheelchairs,mechanically propelled 0.5 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.3 0.3
OPHTHALMICINSTRUMENTS 2.0 2.0 1.8 1.9 2.0 2.1 2.1 2.1 2.1 2.1 2.1
HOSPITAL FURNITURE 1.2 1.1 1.1 1.1 1.2 1.2 1.2 1.2 1.2 1.2 1.2
MEDICAL, SURGICALSTERILISERS 0.5 0.5 0.5 0.4 0.5 0.5 0.5 0.5 0.4 0.4 0.4
ULTRA-VIOLET ORINFRA-RED RAYAPPARATUS
0.1 0.0 0.1 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1
OTHER INSTRUMENTS& APPLIANCES 26.0 27.3 26.9 26.2 27.1 27.2 27.4 27.5 27.7 27.8 27.9
Anaesthetic apparatusand instruments 2.6 2.7 2.6 2.1 2.6 2.5 2.5 2.5 2.4 2.4 2.4
TOTAL 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
Source: BMI Espicom
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Table: Detailed Medical Device Market By Product Area, 2009-2018 (US$, % Change)
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CONSUMABLES 2.3 13.1 22.6 -0.1 -0.2 -7.5 -8.3 -1.2 4.3 4.4
BANDAGES & DRESSINGS -1.7 23.2 36.3 -20.1 -0.6 -7.9 -8.8 -1.8 3.6 3.6
Medical dressings(adhesive) -4.2 16.9 25.6 -1.5 0.6 -6.8 -7.7 -0.6 4.8 4.8
Medical dressings (non-adhesive) 0.2 27.9 43.7 -31.3 -1.7 -8.9 -9.8 -2.9 2.4 2.4
SUTURING MATERIALS -2.1 3.2 23.5 20.9 2.8 -4.7 -5.7 1.6 7.1 7.1
SYRINGES, NEEDLES &CATHETERS -0.1 2.5 16.7 6.5 -1.4 -8.6 -9.5 -2.5 2.8 2.8
Syringes (with/withoutneedles) 24.9 4.4 9.5 -0.2 1.3 -6.1 -7.0 0.1 5.6 5.6
Tubular metal needles/needles for sutures 13.4 -5.0 17.8 6.2 -0.1 -7.4 -8.2 -1.1 4.3 4.2
Other needles, catheters,
cannulae etc-6.8 3.4 18.4 8.1 -2.2 -9.4 -10.3 -3.4 1.9 1.8
OTHER CONSUMABLES 57.7 69.7 16.2 2.0 1.9 -5.3 -6.0 1.6 7.5 7.9
Blood-grouping reagents -32.8 13.4 38.1 -19.2 -1.2 -8.5 -9.3 -2.3 3.0 3.0
First-aid boxes & kits -14.8 51.0 24.6 50.5 15.7 7.3 6.2 14.3 20.5 20.5
Ostomy products 1,823.6 102.0 -0.1 12.4 -2.2 -9.3 -10.2 -3.3 2.0 2.0
Surgical gloves -4.9 47.5 39.7 -14.8 5.6 -2.2 -3.2 4.3 9.9 9.9
DIAGNOSTIC IMAGING 2.5 15.1 9.0 13.4 1.2 -6.2 -7.0 0.2 5.7 5.8
ELECTRODIAGNOSTICAPPARATUS 4.4 13.9 8.7 5.0 2.2 -5.2 -6.1 1.2 6.7 6.8
Electrocardiographs 0.2 33.6 16.3 -2.5 3.0 -4.6 -5.5 1.8 7.3 7.3
Ultrasound 5.2 4.3 7.7 -1.3 0.3 -7.0 -7.9 -0.9 4.5 4.5
MRI 69.2 12.8 7.1 30.1 6.5 -1.4 -2.4 5.1 10.9 10.8
Scintigraphic apparatus -23.5 134.0 -12.8 16.8 8.0 0.0 -1.0 6.6 12.4 12.4
Other electrodiagnosticapparatus -9.3 17.5 9.8 -0.2 1.0 -6.4 -7.3 -0.1 5.3 5.3
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Detailed Medical Device Market By Product Area, 2009-2018 (US$, % Change) - Continued
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
RADIATION APPARATUS 7.3 15.2 4.3 42.1 1.3 -6.1 -7.0 0.2 5.7 5.8
CT scanners 38.1 33.1 47.3 45.4 3.9 -3.7 -4.7 2.6 8.2 8.2
Other medical x-rayapparatus
6.9 7.7 -14.5 35.0 -0.5 -7.8 -8.7 -1.7 3.6 3.6
A, B, C ray apparatus -81.5 94.8 15.1 166.8 -2.1 -9.3 -10.1 -3.2 2.1 2.1
IMAGING PARTS &ACCESSORIES -5.1 17.3 14.4 3.0 -0.7 -8.0 -8.8 -1.8 3.6 3.6
Contrast media -5.9 23.2 3.3 5.5 -1.7 -9.0 -9.9 -2.9 2.3 2.3
Medical x-ray film (flat) 4.7 6.4 9.1 -7.8 -4.7 -11.7 -12.6 -5.9 -0.7 -0.7
Medical x-ray film (rolled) -28.8 -18.1 29.3 95.0 2.1 -5.4 -6.2 1.0 6.5 6.5
X-ray tubes 10.1 7.3 8.3 15.2 2.2 -5.3 -6.2 1.0 6.5 6.5
Other imaging parts &accessories -11.2 21.6 22.0 2.2 -0.1 -7.4 -8.3 -1.3 4.1 4.1
DENTAL PRODUCTS 8.5 9.8 10.2 6.2 2.9 -4.4 -5.2 2.3 8.1 8.3
CAPITAL EQUIPMENT 26.5 39.3 -20.5 1.6 4.3 -3.2 -4.1 3.4 9.2 9.3
Dental drills 77.7 13.8 -32.4 -14.0 -2.3 -9.5 -10.3 -3.4 1.8 1.8
Dental chairs -1.2 48.3 -19.4 -9.4 0.4 -7.0 -7.9 -0.8 4.6 4.6
Dental x-ray 41.6 39.5 -19.1 11.0 7.2 -0.7 -1.7 5.9 11.6 11.6
INSTRUMENTS &SUPPLIES
6.1 5.1 16.7 6.9 2.8 -4.6 -5.3 2.2 7.9 8.1
Dental cements 6.3 8.0 44.8 11.6 7.7 -0.2 -1.1 6.5 12.3 12.3
Dental instruments 10.3 -4.5 11.7 6.2 -1.9 -9.1 -10.0 -3.1 2.2 2.2
Teeth & other fittings -0.8 20.0 4.8 3.4 5.1 -2.5 -3.5 4.0 9.7 9.8
Artificial teeth 4.5 105.6 10.0 8.1 0.4 -7.0 -7.9 -0.8 4.6 4.5
Other dental fittings -1.5 8.1 3.4 2.1 6.5 -1.3 -2.3 5.2 11.0 10.9
ORTHOPAEDICS &PROSTHETICS 3.2 17.9 29.5 -1.8 3.6 -4.0 -5.0 2.3 7.9 7.9
FIXATION DEVICES -21.8 21.8 63.6 -8.4 1.4 -6.1 -7.0 0.1 5.6 5.6
ARTIFICIAL JOINTS -8.4 24.1 26.1 14.4 5.1 -2.6 -3.6 3.8 9.4 9.4
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Detailed Medical Device Market By Product Area, 2009-2018 (US$, % Change) - Continued
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
OTHER ARTIFICIAL BODYPARTS 27.5 13.0 17.6 -8.4 3.6 -4.0 -5.0 2.3 7.9 7.9
PATIENT AIDS -12.0 23.7 18.7 -2.7 0.5 -6.7 -7.5 -0.3 5.2 5.3
PORTABLE AIDS -14.1 15.1 22.6 -2.3 -0.1 -7.4 -8.1 -1.0 4.4 4.4
Hearing aids -13.7 21.1 22.8 -3.7 0.6 -6.6 -7.1 0.1 5.5 5.5
Pacemakers -4.0 12.3 12.4 20.8 2.1 -5.5 -6.4 0.8 6.3 6.3
Other portable aids -19.2 13.9 28.4 -13.5 -2.1 -9.2 -10.1 -3.1 2.1 2.1
THERAPEUTICAPPLIANCES -5.5 48.3 10.1 -3.8 2.2 -5.2 -5.9 1.4 7.0 7.1
Mechano-therapy apparatus -15.4 13.6 14.5 15.8 -1.5 -8.8 -9.7 -2.7 2.6 2.6
Therapeutic respirationapparatus 1.6 69.4 8.3 -12.2 4.3 -3.3 -4.0 3.4 9.0 9.0
OTHERS 4.2 13.4 15.5 8.2 2.3 -5.2 -6.1 1.1 6.6 6.6
WHEELCHAIRS -7.9 14.8 11.5 3.2 1.5 -5.9 -6.8 0.5 6.0 6.1Wheelchairs, notmechanically propelled -11.1 7.3 21.0 3.9 4.7 -3.0 -4.0 3.4 9.0 9.0
Wheelchairs, mechanicallypropelled -5.6 19.9 5.6 2.7 -0.8 -8.1 -9.0 -2.0 3.4 3.4
OPHTHALMICINSTRUMENTS 1.1 4.0 24.6 13.2 2.3 -5.2 -6.1 1.2 6.7 6.7
HOSPITAL FURNITURE -14.8 19.1 20.4 17.0 1.4 -6.0 -7.0 0.2 5.7 5.6
MEDICAL, SURGICALSTERILISERS 5.0 9.1 7.6 10.5 0.2 -7.2 -8.1 -1.0 4.4 4.4
ULTRA-VIOLET OR INFRA-RED RAY APPARATUS -14.5 56.5 -5.7 75.3 4.1 -3.6 -4.5 2.8 8.4 8.4
OTHER INSTRUMENTS &APPLIANCES 5.7 13.8 15.0 7.4 2.4 -5.1 -6.0 1.2 6.7 6.7
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Detailed Medical Device Market By Product Area, 2009-2018 (US$, % Change) - Continued
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Anaesthetic apparatus andinstruments 5.7 7.7 -2.3 25.6 0.8 -6.6 -7.5 -0.4 5.0 5.0
TOTAL 0.7 15.9 18.2 3.8 1.8 -5.7 -6.5 0.8 6.3 6.3
Source: BMI Espicom
Consumables Market Forecast
The Australian market for consumable products is estimated at US$646.8mn in 2013, equal to US$27.9 per
capita and 13.4% of the total market. Within this, syringes, needles & catheters account for US$322.7mn
and bandages & dressings for US$150.0mn.
There is some local production of items such as bandages and syringes, but this tends to be for export. As a
result, the market is largely reliant on imports. The principal supplier is the USA, followed by China,
Ireland and Germany.
The sector grew at a CAGR of 7.2% over the 2008-2013 period. Espicom projects a CAGR of -1.8% for the
2013-2018 period, with the market declining to US$589.9mn by 2018, equal to US$23.9 per capita.
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Table: Consumables Market, 2008-2018 (US$mn)
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 CAGR2008-13 CAGR2013-18
CONSUMABLES 457.5 468.1 529.4 649.0 648.4 646.8 598.3 548.5 542.0 565.2 589.9 7.2 -1.8
BANDAGES &DRESSINGS 114.5 112.5 138.6 189.0 151.0 150.0 138.1 125.9 123.7 128.1 132.6 5.5 -2.4
Medical dressings(adhesive) 50.6 48.4 56.6 71.1 70.1 70.5 65.7 60.6 60.3 63.2 66.2 6.9 -1.3
Medical dressings(non-adhesive) 64.0 64.1 82.0 117.8 80.9 79.5 72.4 65.3 63.4 64.9 66.4 4.5 -3.5
SUTURINGMATERIALS 61.5 60.2 62.1 76.7 92.7 95.4 90.9 85.7 87.0 93.2 99.8 9.2 0.9
SYRINGES,NEEDLES &CATHETERS 257.1 256.9 263.4 307.4 327.3 322.7 294.8 266.7 260.0 267.3 274.8 4.6 -3.2
Syringes (with/without needles) 36.4 45.5 47.5 52.0 51.9 52.6 49.3 45.9 45.9 48.5 51.2 7.6 -0.5
Tubular metal
needles/needlesfor sutures 28.5 32.4 30.7 36.2 38.4 38.4 35.6 32.7 32.3 33.7 35.1 6.1 -1.8
Other needles,catheters,cannulae etc 192.1 179.1 185.2 219.2 237.0 231.7 209.8 188.2 181.8 185.1 188.5 3.8 -4.0
OTHERCONSUMABLES 24.4 38.5 65.3 75.9 77.4 78.8 74.6 70.2 71.3 76.6 82.7 26.4 1.0
Blood-groupingreagents 6.5 4.3 4.9 6.8 5.5 5.4 5.0 4.5 4.4 4.5 4.7 -3.4 -3.0
First-aid boxes &kits 2.9 2.4 3.7 4.6 6.9 8.0 8.6 9.1 10.4 12.6 15.2 22.8 13.6
Ostomy products 0.9 18.3 36.9 36.8 41.4 40.5 36.7 33.0 31.9 32.5 33.2 111.9 -3.9
Surgical gloves 14.1 13.4 19.8 27.6 23.5 24.9 24.3 23.5 24.6 27.0 29.7 12.0 3.6
Source: BMI Espicom
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Table: Consumables Market, 2008-2018 (US$ Per Capita)
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 CAGR2008-13 CAGR2013-18
CONSUMABLES 21.3 21.4 23.8 28.7 28.3 27.9 25.5 23.1 22.5 23.2 23.9 5.6 -3.0
BANDAGES &DRESSINGS 5.3 5.1 6.2 8.4 6.6 6.5 5.9 5.3 5.1 5.3 5.4 4.0 -3.6
Medical dressings(adhesive) 2.3 2.2 2.5 3.1 3.1 3.0 2.8 2.5 2.5 2.6 2.7 5.3 -2.4
Medical dressings(non-adhesive) 3.0 2.9 3.7 5.2 3.5 3.4 3.1 2.7 2.6 2.7 2.7 2.9 -4.7
SUTURINGMATERIALS 2.9 2.7 2.8 3.4 4.0 4.1 3.9 3.6 3.6 3.8 4.0 7.5 -0.3
SYRINGES,NEEDLES &CATHETERS 11.9 11.7 11.8 13.6 14.3 13.9 12.5 11.2 10.8 11.0 11.1 3.1 -4.3
Syringes (with/without needles) 1.7 2.1 2.1 2.3 2.3 2.3 2.1 1.9 1.9 2.0 2.1 6.0 -1.7
Tubular metal
needles/needlesfor sutures 1.3 1.5 1.4 1.6 1.7 1.7 1.5 1.4 1.3 1.4 1.4 4.5 -3.0
Other needles,catheters,cannulae etc 8.9 8.2 8.3 9.7 10.3 10.0 8.9 7.9 7.5 7.6 7.6 2.2 -5.2
OTHERCONSUMABLES 1.1 1.8 2.9 3.4 3.4 3.4 3.2 2.9 3.0 3.1 3.4 24.5 -0.3
Blood-groupingreagents 0.3 0.2 0.2 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 -4.9 -4.1
First-aid boxes &kits 0.1 0.1 0.2 0.2 0.3 0.3 0.4 0.4 0.4 0.5 0.6 20.9 12.2
Ostomy products 0.0 0.8 1.7 1.6 1.8 1.7 1.6 1.4 1.3 1.3 1.3 108.7 -5.1
Surgical gloves 0.7 0.6 0.9 1.2 1.0 1.1 1.0 1.0 1.0 1.1 1.2 10.3 2.3
Source: BMI Espicom
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Table: Consumables Market, 2009-2018 (US$mn % Change)
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CONSUMABLES 2.3 13.1 22.6 -0.1 -0.2 -7.5 -8.3 -1.2 4.3 4.4
BANDAGES & DRESSINGS -1.7 23.2 36.3 -20.1 -0.6 -7.9 -8.8 -1.8 3.6 3.6
Medical dressings(adhesive) -4.2 16.9 25.6 -1.5 0.6 -6.8 -7.7 -0.6 4.8 4.8
Medical dressings (non-adhesive) 0.2 27.9 43.7 -31.3 -1.7 -8.9 -9.8 -2.9 2.4 2.4
SUTURING MATERIALS -2.1 3.2 23.5 20.9 2.8 -4.7 -5.7 1.6 7.1 7.1
SYRINGES, NEEDLES &CATHETERS -0.1 2.5 16.7 6.5 -1.4 -8.6 -9.5 -2.5 2.8 2.8
Syringes (with/withoutneedles) 24.9 4.4 9.5 -0.2 1.3 -6.1 -7.0 0.1 5.6 5.6
Tubular metal needles/needles for sutures 13.4 -5.0 17.8 6.2 -0.1 -7.4 -8.2 -1.1 4.3 4.2
Other needles, catheters,cannulae etc -6.8 3.4 18.4 8.1 -2.2 -9.4 -10.3 -3.4 1.9 1.8
OTHER CONSUMABLES 57.7 69.7 16.2 2.0 1.9 -5.3 -6.0 1.6 7.5 7.9
Blood-grouping reagents -32.8 13.4 38.1 -19.2 -1.2 -8.5 -9.3 -2.3 3.0 3.0
First-aid boxes & kits -14.8 51.0 24.6 50.5 15.7 7.3 6.2 14.3 20.5 20.5
Ostomy products 1,823.6 102.0 -0.1 12.4 -2.2 -9.3 -10.2 -3.3 2.0 2.0
Surgical gloves -4.9 47.5 39.7 -14.8 5.6 -2.2 -3.2 4.3 9.9 9.9
Source: BMI Espicom
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Consumables Market 2008-2018
US$mn
Source: BMI Espicom
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Consumables Market, 2009--2018
US$mn CAGR
Source: BMI Espicom
Diagnostic Imaging Market Forecast
The Australian market for diagnostic imaging is estimated at US$735.2mn in 2013, equal to US$31.7 per
capita and 15.3% of the total market. Within the sector, electrodiagnostic apparatus accounts for US
$335.9mn and X-ray/other radiation apparatus for a further US$221.9mn. Almost all requirements are
imported. These are supplied primarily from the USA, Germany and China.
The sector grew strongly over the 2008-13 period, at a CAGR of 6.5%. Within this, high tech areas such as
MRI and CT were the best performers. A slowdown in growth across the diagnostic sector is expected,
however; Espicom projects a CAGR of 0.4% for the 2013-18 period. This will take the market to US
$719.1mn by 2018, equal to US$29.1 per capita. The only growth will remain in the high tech areas, notably
MRI and scintigraphic apparatus.
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Electrodiagnostic Apparatus Sector
The market for electrodiagnostic apparatus is estimated at US$335.9mn in 2013, equal to US$31.7 per
capita. Almost all of the market is imported.
Other electrodiagnostic apparatus, including patient monitoring equipment, is the largest segment within the
electrodiagnostic market, with sales of US$148.6mn in 2013, followed by ultrasound apparatus with sales of
US$89.8mn and MRI units to a value of US$77.5mn. The electrodiagnostic apparatus market increased at a
CAGR of 6.8% between 2008 and 2013, with the strongest growth (23.1%) coming in the MRI segment.
A slowdown in growth to a CAGR of just 0.5% is forecast to take the market to US$719.1mn over the
2013-2018 period, with scintigraphic apparatus expected to have the highest growth at 5.9%.
Radiation Apparatus Sector
The market for radiation apparatus, including X-ray apparatus and CT scanners, totals an estimated US
$221.9mn in 2013. Other medical X-ray apparatus forms the largest sector of the market, with sales
estimated at US$116.3mn in 2013, followed by CT scanners at US$97.1mn. Almost all of the market is
imported.
The market increased at an estimated CAGR of 13.2% over the 2008-2013 period. Demand for CT scanners
increased significantly over the period, rising at a CAGR of 32.6%.
The sector is projected to show a small decline over the 2013-2018 period, with the only area expected to
show any growth being the CT scanner segment which is forecast to increase at a CAGR of just under 2%.
Imaging Parts & Accessories Sector
The market for imaging parts & accessories is estimated at US$177.4mn in 2013, equal to US$7.6 per
capita. The market is almost entirely reliant upon imports.
The market increased at an estimated CAGR of 5.4% between 2008 and 2013, with all segments registering
growth. Both the rolled X-ray film and X-ray tube segments achieved a CAGR of 8.5% over the period.
Looking ahead, the sector is expected to shrink at a CAGR of 2.4% between 2013 and 2018 with only the
rolled X-ray film and X-ray tube segments forecast to achieve any growth at all.
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Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018CAGR
2008-13CAGR
2013-18
DIAGNOSTIC IMAGING 498.0 510.5 587.4 640.5 726.3 735.2 690.0 641.6 642.9 679.8 719.1 8.1 -0.4
ELECTRODIAGNOSTICAPPARATUS 242.2 252.9 288.0 313.0 328.6 335.9 318.3 298.8 302.3 322.8 344.7 6.8 0.5
Electrocardiographs 9.9 10.0 13.3 15.5 15.1 15.6 14.9 14.0 14.3 15.3 16.5 9.4 1.1
Ultrasound 76.7 80.7 84.2 90.6 89.5 89.8 83.4 76.8 76.2 79.6 83.2 3.2 -1.5
MRI 27.4 46.3 52.2 56.0 72.8 77.5 76.5 74.7 78.5 87.0 96.4 23.1 4.5
Scintigraphic apparatus 2.2 1.7 4.0 3.5 4.1 4.4 4.4 4.4 4.6 5.2 5.9 14.5 5.9
Other electrodiagnosticapparatus 126.0 114.3 134.3 147.4 147.2 148.6 139.1 129.0 128.8 135.6 142.7 3.4 -0.8
RADIATIONAPPARATUS 119.5 128.3 147.8 154.1 218.9 221.9 208.4 193.9 194.3 205.5 217.4 13.16 -0.41
CT scanners 23.7 32.8 43.6 64.3 93.4 97.1 93.5 89.1 91.5 99.0 107.1 32.55 1.98
Other medical x-rayapparatus 88.0 94.1 101.4 86.6 116.9 116.3 107.3 97.9 96.2 99.7 103.4 5.73 -2.34
A, B, C ray apparatus 7.8 1.4 2.8 3.2 8.6 8.4 7.6 6.9 6.7 6.8 6.9 1.61 -3.81
IMAGING PARTS &ACCESSORIES 136.3 129.3 151.6 173.4 178.7 177.4 163.3 148.9 146.2 151.5 157.0 5.4 -2.4
Contrast media 26.8 25.2 31.1 32.1 33.9 33.3 30.3 27.3 26.5 27.2 27.8 4.4 -3.6
Medical x-ray film (flat) 21.0 22.0 23.4 25.5 23.5 22.4 19.8 17.3 16.3 16.1 16.0 1.3 -6.5
Medical x-ray film(rolled) 0.3 0.2 0.2 0.2 0.4 0.4 0.4 0.3 0.4 0.4 0.4 8.5 0.3
X-ray tubes 16.8 18.5 19.9 21.5 24.8 25.3 24.0 22.5 22.7 24.2 25.7 8.5 0.3
Other imaging parts &accessories 71.4 63.4 77.1 94.1 96.1 96.0 88.8 81.4 80.4 83.7 87.1 6.1 -1.9
Source: BMI Espicom
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Table: Diagnostic Imaging Market, 2008-2018 (US$ Per Capita)
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 CAGR2008-13 CAGR2013-18
DIAGNOSTIC IMAGING 23.1 23.3 26.4 28.3 31.7 31.7 29.4 27.0 26.7 27.9 29.1 6.5 -1.6
ELECTRODIAGNOSTICAPPARATUS 11.3 11.5 12.9 13.8 14.3 14.5 13.5 12.6 12.6 13.2 14.0 5.1 -0.7
Electrocardiographs 0.5 0.5 0.6 0.7 0.7 0.7 0.6 0.6 0.6 0.6 0.7 7.7 -0.1
Ultrasound 3.6 3.7 3.8 4.0 3.9 3.9 3.5 3.2 3.2 3.3 3.4 1.6 -2.7
MRI 1.3 2.1 2.3 2.5 3.2 3.3 3.3 3.1 3.3 3.6 3.9 21.3 3.2
Scintigraphic apparatus 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 12.8 4.7
Other electrodiagnosticapparatus 5.9 5.2 6.0 6.5 6.4 6.4 5.9 5.4 5.3 5.6 5.8 1.8 -2.0
RADIATIONAPPARATUS 5.6 5.9 6.6 6.8 9.6 9.6 8.9 8.1 8.1 8.4 8.8 11.46 -1.61
CT scanners 1.1 1.5 2.0 2.8 4.1 4.2 4.0 3.7 3.8 4.1 4.3 30.55 0.74
Other medical x-rayapparatus 4.1 4.3 4.6 3.8 5.1 5.0 4.6 4.1 4.0 4.1 4.2 4.14 -3.52
A, B, C ray apparatus 0.4 0.1 0.1 0.1 0.4 0.4 0.3 0.3 0.3 0.3 0.3 0.07 -4.97
IMAGING PARTS &ACCESSORIES 6.3 5.9 6.8 7.7 7.8 7.6 6.9 6.3 6.1 6.2 6.4 3.8 -3.6
Contrast media 1.2 1.2 1.4 1.4 1.5 1.4 1.3 1.1 1.1 1.1 1.1 2.9 -4.7
Medical x-ray film (flat) 1.0 1.0 1.0 1.1 1.0 1.0 0.8 0.7 0.7 0.7 0.6 -0.2 -7.6
Medical x-ray film(rolled) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6.8 -0.9
X-ray tubes 0.8 0.8 0.9 1.0 1.1 1.1 1.0 0.9 0.9 1.0 1.0 6.9 -0.9
Other imaging parts &accessories 3.3 2.9 3.5 4.2 4.2 4.1 3.8 3.4 3.3 3.4 3.5 4.5 -3.1
Source: BMI Espicom
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Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
DIAGNOSTIC IMAGING 2.5 15.1 9.0 13.4 1.2 -6.2 -7.0 0.2 5.7 5.8
ELECTRODIAGNOSTICAPPARATUS 4.4 13.9 8.7 5.0 2.2 -5.2 -6.1 1.2 6.7 6.8
Electrocardiographs 0.2 33.6 16.3 -2.5 3.0 -4.6 -5.5 1.8 7.3 7.3
Ultrasound 5.2 4.3 7.7 -1.3 0.3 -7.0 -7.9 -0.9 4.5 4.5
MRI 69.2 12.8 7.1 30.1 6.5 -1.4 -2.4 5.1 10.9 10.8
Scintigraphic apparatus -23.5 134.0 -12.8 16.8 8.0 0.0 -1.0 6.6 12.4 12.4
Other electrodiagnostic apparatus -9.3 17.5 9.8 -0.2 1.0 -6.4 -7.3 -0.1 5.3 5.3
RADIATION APPARATUS 7.3 15.2 4.3 42.1 1.3 -6.1 -7.0 0.2 5.7 5.8
CT scanners 38.1 33.1 47.3 45.4 3.9 -3.7 -4.7 2.6 8.2 8.2
Other medical x-ray apparatus 6.9 7.7 -14.5 35.0 -0.5 -7.8 -8.7 -1.7 3.6 3.6
A, B, C ray apparatus -81.5 94.8 15.1 166.8 -2.1 -9.3 -10.1 -3.2 2.1 2.1
IMAGING PARTS &ACCESSORIES -5.1 17.3 14.4 3.0 -0.7 -8.0 -8.8 -1.8 3.6 3.6
Contrast media -5.9 23.2 3.3 5.5 -1.7 -9.0 -9.9 -2.9 2.3 2.3
Medical x-ray film (flat) 4.7 6.4 9.1 -7.8 -4.7 -11.7 -12.6 -5.9 -0.7 -0.7
Medical x-ray film (rolled) -28.8 -18.1 29.3 95.0 2.1 -5.4 -6.2 1.0 6.5 6.5
X-ray tubes 10.1 7.3 8.3 15.2 2.2 -5.3 -6.2 1.0 6.5 6.5
Other imaging parts & accessories -11.2 21.6 22.0 2.2 -0.1 -7.4 -8.3 -1.3 4.1 4.1
Source: BMI Espicom
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Diagnostic Imaging Market, 2008-2018
US$mn
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Diagnostic Imaging Market, 2009-2018
US$mn CAGR
Source: BMI Espicom
Dental Products Market Forecast
The Australian dental market is estimated at US$247.1mn in 2013, equal to US$10.6 per capita and 5.1% of
the total market. The market for instruments & supplies accounts for the majority of the dental market and is
estimated at US$217.1mn in 2013. The capital equipment market, including drills, chairs and X-ray
apparatus is estimated at US$30.1mn.
The dental market has outperformed the market as a whole in recent years as the government has been keen
to boost dental provision across the country, and has taken steps to boost the numbers of dentists trained and
recruited each year. After a CAGR of 7.5% over the 2008-13 period, Espicom projects a fall in the CAGR
to 1.6% for the 2013-18 period, with capital equipment outperforming this (at a CAGR of 2.8%) as the
number of dentists increases. This will take the dental market to US$268.1mn by 2018, equal to US$10.9
per capita.
The USA and Germany are the major suppliers of dental equipment, with Switzerland and Ireland also
significant suppliers of dental instruments and fittings.
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Table: Dental Products Market, 2008-2018 (US$mn)
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018CAGR
2008-13CAGR
2013-18
DENTALPRODUCTS 172.2 187 205.1 226 240 247.1 236.2 224 229.2 247.7 268.1 7.5 1.6
CAPITALEQUIPMENT 20.3 26 35.7 28.4 28.8 30.1 29.1 27.9 28.9 31.5 34.4 8.2 2.8
Dental drills 1.7 3 3.5 2.4 2.1 2 1.8 1.6 1.6 1.6 1.6 2.8 -4.1
Dental chairs 8.6 9 12.7 10.2 9.2 9.3 8.6 7.9 7.9 8.2 8.6 1.4 -1.5
Dental x-ray 10 14 19.5 15.8 17.5 18.8 18.7 18.3 19.4 21.7 24.2 13.7 5.2
INSTRUMENTS& SUPPLIES 151.9 161 169.4 197.7 211.2 217.1 207.1 196 200.3 216.1 233.7 7.4 1.5
Dental cements 32 34 37 53.6 59.8 64.3 64.2 63.5 67.7 76 85.4 14.8 5.8
Dentalinstruments 74 82 78 87.1 92.5 90.7 82.4 74.2 71.9 73.5 75.1 4.2 -3.7
Teeth & otherfittings 45.7 45 54.4 57 59 62 60.4 58.3 60.7 66.6 73.1 6.3 3.4
Artificial teeth 5 6 11.4 12.5 13.5 13.6 12.6 11.6 11.5 12.1 12.6 20.7 -1.5
Other dentalfittings 40 39.8 43 44.5 45.4 48.4 47.8 46.7 49.1 54.5 60.5 3.7 4.6
Source: BMI Espicom
Table: Dental Products Market, 2008-2018 (US$ Per Capita)
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018CAGR
2008-13CAGR
2013-18
DENTALPRODUCTS 8 9 9.2 10 10.5 10.6 10 9.4 9.5 10.2 10.9 7.5 1.6
CAPITALEQUIPMENT 0.9 1 1.6 1.3 1.3 1.3 1.2 1.2 1.2 1.3 1.4 8.2 2.8
Dental drills 0.1 0 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 2.8 -4.1
Dental chairs 0 0 0.6 0.5 0.4 0.4 0.4 0.3 0.3 0.3 0.3 1.4 -1.5
Dental x-ray 0.5 1 0.9 0.7 0.8 0.8 0.8 0.8 0.8 0.9 1 13.7 5.2
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Dental Products Market, 2008-2018 (US$ Per Capita) - Continued
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018CAGR
2008-13CAGR
2013-18
INSTRUMENTS& SUPPLIES 7 7 7.6 8.7 9.2 9.4 8.8 8.2 8.3 8.9 9.5 7.4 1.5
Dental cements 1.5 2 1.7 2.4 2.6 2.8 2.7 2.7 2.8 3.1 3.5 14.8 5.8
Dentalinstruments 3.4 4 3.5 3.9 4 3.9 3.5 3.1 3 3 3 4.2 -3.7
Teeth & otherfittings 2 2 2.4 2.5 2.6 2.7 2.6 2.5 2.5 2.7 3 6.3 3.4
Artificial teeth 0 0.3 0.5 0.6 0.6 0.6 0.5 0.5 0.5 0.5 0.5 20.7 -1.5
Other dentalfittings 2 1.8 1.9 2 2 2.1 2 2 2 2.2 2.5 3.7 4.6
Source: BMI Espicom
Table: Dental Products Market, 2009-2018 (US$mn % Change)
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
DENTAL PRODUCTS 8.5 9.8 10.2 6.2 2.9 -4.4 -5.2 2.3 8.1 8.3
CAPITAL EQUIPMENT 26.5 39.3 -20.5 1.6 4.3 -3.2 -4.1 3.4 9.2 9.3
Dental drills 77.7 13.8 -32.4 -14.0 -2.3 -9.5 -10.3 -3.4 1.8 1.8
Dental chairs -1.2 48.3 -19.4 -9.4 0.4 -7.0 -7.9 -0.8 4.6 4.6
Dental x-ray 41.6 39.5 -19.1 11.0 7.2 -0.7 -1.7 5.9 11.6 11.6
INSTRUMENTS &SUPPLIES 6.1 5.1 16.7 6.9 2.8 -4.6 -5.3 2.2 7.9 8.1
Dental cements 6.3 8.0 44.8 11.6 7.7 -0.2 -1.1 6.5 12.3 12.3
Dental instruments 10.3 -4.5 11.7 6.2 -1.9 -9.1 -10.0 -3.1 2.2 2.2
Teeth & other fittings -0.8 20.0 4.8 3.4 5.1 -2.5 -3.5 4.0 9.7 9.8
Artificial teeth 4.5 105.6 10.0 8.1 0.4 -7.0 -7.9 -0.8 4.6 4.5
Other dental fittings -1.5 8.1 3.4 2.1 6.5 -1.3 -2.3 5.2 11.0 10.9
Source: BMI Espicom
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Dental Products Market, 2008-2018
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Dental Products Market, 2009-2018
US$mn CAGR
Source: BMI Espicom
Orthopaedics & Prosthetics Market Forecast
The Australian orthopaedic & prosthetic market is estimated at US$864.7mn in 2013, equal to US$37.2 per
capita and 18.0% of the total market.
Australia has a sizeable domestic orthopaedic & prosthetic production sector, but this concentrates on
exports. Products used locally, especially at the advanced end of the technology scale, tend to be imported,
principally from the USA, Ireland and Switzerland.
The orthopaedic & prosthetic market grew at a CAGR of 9.9% between 2008 and 2013. Driven by the
ageing population and increasing availability of newer more expensive products, Espicom projects that this
will be one of the better performing market segments in the coming years, albeit at a low CAGR of 1.7%
over the 2013-18. This is expected to take the overall market to US$939.5mn by 2018, equal to US$38.1 per
capita.
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Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018CAGR
2008-13CAGR
2013-18
ORTHOPAEDICS& PROSTHETICS 539.8 557.2 656.7 850.6 835.0 864.7 829.8 788.3 806.7 870.5 939.5 9.9 1.7
FIXATIONDEVICES 141.2 110.4 134.4 219.9 201.5 204.2 191.8 178.3 178.5 188.5 198.9 7.7 -0.5
ARTIFICIALJOINTS 171.0 156.6 194.2 245.0 280.2 294.4 286.6 276.2 286.6 313.5 343.0 11.5 3.1
OTHERARTIFICIAL BODYPARTS 227.6 290.2 328.0 385.7 353.3 366.0 351.3 333.8 341.6 368.5 397.6 10.0 1.7
Source: BMI Espicom
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$ Per Capita)
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018CAGR
2008-13CAGR
2013-18
ORTHOPAEDICS& PROSTHETICS 25.1 25.4 29.5 37.6 36.4 37.2 35.3 33.1 33.5 35.7 38.1 8.2 0.4
FIXATIONDEVICES 6.6 5.0 6.0 9.7 8.8 8.8 8.2 7.5 7.4 7.7 8.1 6.0 -1.7
ARTIFICIALJOINTS 7.9 7.1 8.7 10.8 12.2 12.7 12.2 11.6 11.9 12.9 13.9 9.8 1.9
OTHERARTIFICIAL BODYPARTS 10.6 13.3 14.7 17.1 15.4 15.8 14.9 14.0 14.2 15.1 16.1 8.3 0.4
Source: BMI Espicom
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Table: Orthopaedics & Prosthetics Market, 2009-2018 (USmn % Change)
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ORTHOPAEDICS &PROSTHETICS 3.2 17.9 29.5 -1.8 3.6 -4.0 -5.0 2.3 7.9 7.9
FIXATION DEVICES -21.8 21.8 63.6 -8.4 1.4 -6.1 -7.0 0.1 5.6 5.6
ARTIFICIAL JOINTS -8.4 24.1 26.1 14.4 5.1 -2.6 -3.6 3.8 9.4 9.4
OTHER ARTIFICIAL BODYPARTS 27.5 13.0 17.6 -8.4 3.6 -4.0 -5.0 2.3 7.9 7.9
Source: BMI Espicom
Orthopaedics & Prosthetics Market, 2008-2018
Source: BMI Espicom
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Orthopaedics & Prosthetics Market, 2009-2018
US$mn CAGR
Source: BMI Espicom
Patient Aids Market Forecast
The market for patient aids is estimated at US$792.1mn in 2013, equal to US$34.1 per capita and 18.0% of
the total market. Within this, portable aids account for US$562.5mn and therapeutic appliances for US
$229.7mn.
Australia has considerable production expertise in a number of these areas. Cochlear is one of the world's
leading developers of digital hearing aids, while ResMed is a major manufacturer of therapeutic respiration
products. Both companies make most of their sales in markets outside Australia, however. The Australian
market is therefore largely reliant on imports, primarily from the USA, China, Switzerland and Ireland.
The market grew at a CAGR of 4.8% between 2008 and 2013, but is projected to decline at a CAGR of
1.0% to US$755.0mn by 2018. In recent years, the strongest growth has been seen in the therapeutic
appliances segment, and this is the only area of the market expected to continue to show any growth over
the next five years.
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Table: Patient Aids Market, 2008-2018 (US$mn)
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018CAGR
2008-13CAGR
2013-18
PATIENT AIDS 626.8 551.6 682.5 810.0 787.8 792.1 738.8 683.6 681.7 717.2 755.0 4.8 -1.0
PORTABLE AIDS 475.3 408.5 470.3 576.4 563.1 562.5 521.1 478.7 473.9 494.8 516.8 3.4 -1.7
Hearing aids 111.8 96.4 116.8 143.4 138.1 139.0 129.8 120.6 120.7 127.4 134.4 4.4 -0.7
Pacemakers 121.5 116.6 130.9 147.2 177.8 181.5 171.6 160.6 161.9 172.0 182.8 8.4 0.1
Other portableaids 242.1 195.5 222.6 285.8 247.1 242.0 219.6 197.5 191.3 195.4 199.6 0.0 -3.8
THERAPEUTICAPPLIANCES 151.4 143.1 212.2 233.6 224.7 229.7 217.8 204.9 207.8 222.4 238.2 8.7 0.7
Mechano-therapyapparatus 63.8 54.0 61.3 70.2 81.2 80.0 73.0 65.9 64.1 65.7 67.4 4.6 -3.4
Therapeuticrespirationapparatus 87.7 89.1 150.9 163.4 143.5 149.7 144.8 139.0 143.7 156.6 170.7 11.3 2.7
Source: BMI Espicom
Table: Patient Aids Market, 2008-2018 (US$ Per Capita)
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