The Medical Device Market: Australia

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

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