The Medical Device Market: Australia

Publisher Name :
Date: 29-Jan-2014
No. of pages: 149

Overview

Australia is one of the richest healthcare markets in the Asia-Pacific region. 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.

Around 75% of the market is located in the three states of New South Wales, Victoria and Queensland, situated on the south and east coasts. Much of the rest of the country is very sparsely inhabited. Healthcare provision is a mixture of public and private. Public expenditure is largely funded by the Commonwealth (central) Government, while private expenditure is largely funded through insurance.

While there are a few small high tech manufacturers, local production tends to concentrate on basic hospital supplies. The market is therefore predominantly supplied by imports, which have grown rapidly since 2001. Imports are principally supplied by the USA, with which Australia has developed close trading links.

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$16.4 billion (US$16.0 billion) 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.

The Medical Device Market: Australia

Table of Contents

Espicom Industry View   7
Espicom Industry View      7
SWOT     9
Medical Device Market      9
Political     10
Economic    11
Business Environment     12
Industry Forecast     14
Medical Device Market 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: Detailed Medical 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)   39
Table: 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: Dental Products 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$mn % Change)   51
Other Medical Devices Market Forecast    53
Table: Other Medical Devices Market, 2008-2018 (US$mn)   54
Table: Other Medical Devices Market, 2008-2018 (US$ Per Capita)  55
Table: Other Medical 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
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)  69
Table: 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$000s)      76
Monthly Medical Device Imports    80
Table: Monthly Medical Device Imports By Product Area, June 2010-June 2013 (US$mn)     80
Annual Medical Device Exports     82
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s)      84
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s, % Change)  85
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s)     86
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s, % Change)      87
Table: Medical Device Exports By Product Area, 2008-2012 (% Distribution)      88
Table: Leading Medical Device Destinations By Product Area (US$000s)   89
Table: Leading Medical Device Destinations By Product Area (% Distribution)      90
Table: Top 20 Medical Device Destinations (US$000s)     91
Table: Detailed Medical Device Exports By Product Area, 2008-2012 (US$000s)  92
Table: Detailed Medical Device Export Trends By Product Area   95
Table: Detailed Leading Medical Device Destinations By Product Area (US$000s)     99
Table: Detailed Medical Device Balance Of Trade, 2008-2012 (US$000s)   102
Monthly Medical Device Exports     105
Table: Monthly Medical Device Exports By Product Area, June 2010-June 2013 (US$mn)  105
Macroeconomic Forecasts  108
Economic Analysis   108
Can The Construction Sector Do The Heavy-Lifting?   109
Still Downbeat On Housing Market     110
Constrained Government Policies Unlikely To Lift Building Demand    111
Chinese Stimulus Presents Upside Risks To Outlook      112
Table: Australia - Economic Activity   113
Industry Risk Reward Ratings      114
Industry Risk Reward Ratings   114
Table: Espicom Analysis of the Australian Medical Market, 2013      114
Market Overview     116
Medical Device Market Overview     116
Table: Medical Device Market, Key Ratios    117
Table: Medical Device Market By Product Area    118
Healthcare Overview     120
Table: Diagnostic Imaging Technology By Type, 2006-2012    123
Table: Diagnostic Imaging Technology Per Million Population By Type, 2006-2012  123
Table: Key Data, 2008-2013  124
Industry Trends & Developments   127
Industry Trends & Developments     127
Regulatory Development  131
Medical Device Regulations     131
Competitive Landscape   134
Domestic Medical Device Production    134
National Medical Device Manufacturers     134
Multinational Medical Device Manufacturers  138
Multinational Market Activity   140
Table: Multinational Market Activity, 2013  140
Methodology     142
Table: Used HS Trade Codes, 2013     143
Table: Rearranged HS Trade Codes, 2013    145

  • Overview of the Global Retail Market
    The global retail industry continued to grow despite the difficult economic conditions in the world. In the fiscal year of 2011, sales-weighted, currency-adjusted revenue rose by 5.1% to $4.271 trillion for the world’s top 250 retailers. According to GRDI (Global Retail Development Index), in 2013 Brazil occupied the top spot in retail development. Chile and [...]
  • Bright Future Predicted for the Tourism Industry in Singapore
    Travel and tourism industry in Singapore has been growing at a steady rate and is considered to be a major contributor to the economic growth of the country. In 2012, Singapore’s IVA (International Visitors Arrivals) reached a record high of 14.5 million, with a growth rate of 10.1% year-on-year. In recent years, inbound travel to [...]
  • Potential of Staffing Market in United States
    The staffing industry places individuals into contract, temporary and permanent positions in firms around the world. Major staffing markets include France, Spain, Italy and Japan as well as many emerging markets. Temporary staffing around the world has been growing, but in US temporary market has been flat since 2006. The majority of staffing revenue majorly [...]
  • Growth in the Indian Watch Industry
    Earlier, in India watches were seen as a luxury item. However, watches are now witnessing a fundamental change in perception, and are now gaining respect as an essential utility item. With the liberalization of the Indian market, coupled with the rising purchasing power of the young and consumerist Indians, watch industry in India seems to [...]
  • Global Retail Ready Packaging Market to Witness Steady Growth
    The market for retail ready packaging has witnessed impressive growth in recent years with boom in the retail industry. Retail ready packaging, also known as shelf-ready packaging is designed for the retail outlet, ready to be placed on shelf without any need for unpacking or repacking. In 2011, the global market for retail packaging was [...]
  • 2014 Deep Research Report on Global and China H acid Industry
    Published: 16-Apr-2014        Price: US $2200 Onwards        Pages: 149
    This is a professional and depth research report on Global and China H acid industry. The report firstly introduced H acid basic information included H acid definition classification application industry chain structure industry overview; international market analysis, China domestic market analysis, Macroeconomic environment and economic situation analysis and influence, H acid industry policy and plan, H acid product specification, manufacturing process, product cost structure etc. then statis......
  • Fluid Management & Visualization Systems Market by Product (Suction & Irrigation, Dialyzer, Fluid Warming & Waste Management, Endoscopic Camera, Tubing’s, Bloodlines), & Application (GI, Urology, Arthroscopy, Gynecology) – Global Forecasts to 2018
    Published: 16-Apr-2014        Price: US $4650 Onwards        Pages: 360
    The fluid management and visualization systems industry has evolved from traditional standalone systems to modern automated, integrated systems to increase the endosurgical procedure outcomes. Patient safety and security from infections have also gained greater importance in fluid management and visualization systems over the years. Over the past few years, the fluid management and visualization systems market has witnessed a stable growth. The market is expected to grow at a CAGR of 6.1% fro......
  • Bahrain Pharmaceuticals and Healthcare Report Q2 2014
    Published: 16-Apr-2014        Price: US $1295 Onwards        Pages: 101
    BMI View: This quarter has seen the beginning of a multi-phased plan by the National Health Regulatory Authority to significantly reduce medicine prices in the country, signalling a potential advancement towards the implementation of a unified Gulf Cooperation Council pricing system. Although less optimistic than before, our medium- and long-term outlooks for the Bahrain pharmaceutical market remain bullish. Medicines uptake will be supported by robust economic growth, in addition to the country......
  • Cambodia and Laos Pharmaceuticals and Healthcare Report Q2 2014
    Published: 16-Apr-2014        Price: US $1295 Onwards        Pages: 65
    BMI View: Low health and pharmaceutical expenditures will continue to limit the attractiveness of the pharmaceutical market in Cambodia. Given such a profile, the country will present more commercial benefits to companies dealing with inexpensive generic drugs and over-the-counter products than innovative pharmaceuticals. Headline Expenditure Projections ? Pharmaceuticals: KHR828.7bn (US$210mn) in 2013 to KHR921.9bn (US$230mn) in 2014; +11.2% in local currency terms and +11.8% in US dollar terms......
  • Czech Republic Pharmaceuticals and Healthcare Report Q2 2014
    Published: 16-Apr-2014        Price: US $1295 Onwards        Pages: 104
    BMI View: Overall, the Czech healthcare system is facing severe challenges as it struggles to contain budget deficits. At the same time, demand for the latest pharmaceuticals and access to healthcare services is expected to continue its steady growth trajectory, putting pressure on the state and insurers to raise premiums or redistribute funding. Following the release of pharmaceutical sales data by the SUKL, we have significantly revised down historical values for 2013 and forecasts from 2014 o......
  • Denmark Pharmaceuticals and Healthcare Report Q2 2014
    Published: 16-Apr-2014        Price: US $1295 Onwards        Pages: 60
    BMI View: Although Denmark's pharmaceutical market is relatively small compared to other Western European countries, the demand for high quality healthcare will remain elevated by an increasing and ageing population. This demand could provide opportunities for private healthcare providers to expand as the government continues its restructuring and cost containment measures across the public healthcare sector. Headline Expenditure Projections ? Pharmaceuticals: DKK20.20bn (US$3.58bn) in 2013 to D......
  • Iraq Pharmaceuticals and Healthcare Report Q2 2014
    Published: 16-Apr-2014        Price: US $1295 Onwards        Pages: 75
    BMI View: The projected growth of Iraq's pharmaceutical market in 2014 and 2015 is linked to an oildriven economic expansion, which is dependent on the government's ability to represent and appease the country's factions. Given the government's expansionary fiscal policy, spending on education, health and public services will be elevated over the coming quarters. In particular, Baghdad will seek to modernise healthcare provision, in a view to improve support to its rule. Nevertheless, there are ......
  • Lithuania Pharmaceuticals and Healthcare Report Q2 2014
    Published: 16-Apr-2014        Price: US $1295 Onwards        Pages: 98
    BMI View: We expect the Lithuanian pharmaceutical market to post a five-year compound annual growth rate (CAGR) of 4.4%, rising to a value of LTL2.16bn (US$751mn) in 2018. While double-digit annual growth rates are firmly in the past, some opportunities continue to exist in light of epidemiological factors and an ageing population. The upcoming switch to the euro promises to boost purchasing power and stabilise the pharmaceutical market. However, the Lithuanian market will continue to represent ......
  • Sri Lanka Pharmaceuticals and Healthcare Report Q2 2014
    Published: 16-Apr-2014        Price: US $1295 Onwards        Pages: 78
    BMI View: A better-than-expected outlook for Sri Lanka's economy has led us to upwardly revise our pharmaceutical and healthcare forecasts. The government has introduced price controls on wholesale and retail prices of imported drugs, which will limit trade. However, the government's focus on imports of lowcost drugs directly from the governments of Bangladesh and Thailand, using the state pharmaceutical corporation, will limit dependency on Indian exporters. Furthermore, the government's streng......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - sales@rnrmarketresearch.com / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs