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The Medical Device Market: New Zealand

  • ID: 3164687
  • April 2015
  • Region: New Zealand
  • 132 Pages
  • Espicom Business Intelligence Ltd
According To MTANZ, The Industry Generates A Revenue Of Around Nz$1.4Bn (Usd1.1Bn) Per Annum, And It Expects This To Double In The Next 3-5 Years

Overview Of The Medical Market In New Zealand:

With a population of just over four million, New Zealand is a small but highly developed medical equipment market in the South Pacific. Much of the population is concentrated in the major urban areas of Auckland, Christchurch and the capital, Wellington.

There is very little domestic production of medical equipment. The one major player, Fisher & Paykel, operates in a few niche areas and anyway tends to concentrate on export markets. The domestic market is heavily reliant on imports, therefore. The USA and Australia are the major sources of imports. The healthcare sector is funded largely by the government, which is responsible for over 80% of expenditure. Healthcare provision, however, is much more evenly split between the public and private sectors.

The past 20 years has seen a series of reforms aimed at improving efficiency. Market-inspired reforms of the hospital sector in the 1990s did not lead to any widely-perceived improvements, but did create a major debt problem for the public sector. The 1999-2008 government reversed much of these reforms through the creation of District Health Boards, but the debts have READ MORE >

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1. SWOT

- Medical Device Market
- Political
- Economic
- Industry Forecast
- Medical Device Market Forecast
- 2008-2013 Performance
- 2013-2018 Performance
- Table: Projected Medical Device Market, 2013-2018
- Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)

2. Consumables Market Forecast

- Bandages & Dressings
- Suturing Materials
- Syringes, Needles & Catheters
- Other Consumables
- Table: Consumables Market, 2008-2018 (US$mn)
- Table: Consumables Market, 2009-2018 (US$mn % Change)

3. Diagnostic Imaging Market Forecast

- Electrodiagnostic Apparatus
- Radiation Apparatus
- Imaging Parts & Accessories
- Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
- Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)

4. Dental Products Market Forecast

- Capital Equipment
- Instruments & Supplies
- Table: Dental Products Market, 2008-2018 (US$mn)
- Table: Dental Products Market, 2009-2018 (US$mn % Change)

5. Orthopaedics & Prosthetics Market

- Fixation Devices
- Artificial Joints
- Other Artificial Body Parts
- Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
- Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn % Change)

6. Patient Aids Market Forecast

- Portable Aids
- Therapeutic Appliances
- Table: Patient Aids Market, 2008-2018 (US$mn)
- Table: Patient Aids Market, 2009-2018 (US$mn % Change)

7. Other Medical Devices Market Forecast

- Table: Other Medical Devices Market, 2008-2018 (US$mn)
- Table: Other Medical Devices Market, 2009-2018 (US$mn % Change)

8. Annual Medical Device Imports

- Table: Medical Device Imports By Product Area, 2009-2013 (US$000s)
- Table: Medical Device Imports By Product Area, 2009-2013 (US$000s, % Change)
- Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
- Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s, % Change)
- Table: Top 20 Medical Device Suppliers, 2013 (US$000s)
- Table: Detailed Medical Device Imports By Product Area, 2009-2013 (US$000s)
- Table: Detailed Medical Device Import Trends By Product Area, 2013
- Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (US$000s)

9. Monthly Medical Device Imports

- Table: Monthly Medical Device Imports By Product Area, April 2011-June 2014

10. Annual Medical Device Exports

- Table: Medical Device Exports By Product Area, 2009-2013 (US$000s)
- Table: Medical Device Exports By Product Area, 2009-2013 (US$000s, % Change)
- Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
- Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s, % Change)
- Table: Top 20 Medical Device Destinations, 2013 (US$000s)
- Table: Detailed Medical Device Exports By Product Area, 2009-2013 (US$000s)
- Table: Detailed Medical Device Export Trends By Product Area, 2013
- Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (US$000s)
- Table: Detailed Medical Device Trade Balance, 2009-2013 (US$000s)

11. Monthly Medical Device Exports

- Table: Monthly Medical Device Exports By Product Area, April 2011-June 2014 (US$mn)

12. Macroeconomic Forecasts

- Economic Analysis
- Table: Economic Activity (New Zealand 2009-2018)

13. Industry Risk Reward Ratings

- Table: APAC Medical Device Risk/Reward Ratings, Q115

14. Market Overview

- Medical Device Market Overview
- Table: Medical Device Market, Key Ratios, 2013
- Table: Medical Device Market By Product Area, 2013

15. Healthcare Overview

- Health Status
- Healthcare System
- Healthcare Funding
- Healthcare Resources
- Table: Medical Device Technology By Type, 2009-2013
- Table: Medical Device Technology By Type, 2009-2013 (Rate/mn population)

16. Healthcare Activity

- Healthcare Personnel
- Key Healthcare Data
- Table: Key Healthcare Data, 2008-2013

17. Industry Trends And Developments

- Industry Trends & Developments
- Regulatory Development
- Medical Device Regulations
- Competent Authority
- Australia New Zealand Therapeutic Products Authority
- Competitive Landscape
- Domestic Medical Device Production
- National Medical Device Manufacturers
- Multinational Market Activity
- Table: Multinational Market Activity, 2014

18. Medical Device Market Access

- Market Environment
- Distribution
- Government Tenders
- Trade Association
- Methodology
- Medical Device Market Methodology
- Trade Code Classifications
- Table: Used HS Trade Codes, 2014
- Table: Rearranged HS Trade Codes, 2014

20. Risk/Reward Ratings Methodology

- Table: Medical Devices Risk/Reward Ratings Indicators, 2014

21. Sources

22. Contact

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The District Health Boards' focus on cost efficiency and a stronger policy on medical device reimbursement is likely affect the growth prospects of the New Zealand medical device market in 2015 and beyond. The strengthening of the US dollar has already affected import performance from the USA, the country's main supplier, and we expect this trend to continue in the medium term.

Headline Industry Forecasts:

- The market is expected to post steady, if unspectacular, growth in the next few years, the report estimates the CAGR for 2013-2018 to be 3.7%. This will take the market to USD1,008.0mn by 2018, equal to USD213 per capita. The orthopaedics & prosthetics market is expected to be the best sector for growth, driven by the rising availability of new technologies and an ageing population.

- Nearly the entire market is supplied by imports. These reached USD810.5mn in 2013, compared with the USD661.2mn reported for 2012. In the 2009-2013 period, imports grew by a CAGR of 8.7% in US dollar terms and 5.4% in local currency terms.

- Annual exports reached a new high of USD525.2mn in 2013. In CAGR terms, growth was 14.0% in the 2008-2013 period. As in previous years, the bulk of this was made up of exports of therapeutic appliances, for which New Zealand mainly manufactures for exporting.

- New Zealand has a relatively small but growing medical device manufacturing sector made up of around 60 companies. The largest is Fisher & Paykel, which produces high quality equipment mainly for export but there are a number of smaller companies focused on niche areas that are also developing their export profile. According to MTANZ, the industry generates a revenue of around NZ$1.4bn (USD1.1bn) per annum, and it expects this to double in the next 3-5 years.

Headline Industry Risk Rewards Index:

- New Zealand is the fifth most attractive market in the Asia Pacific region to commercialise a medical device

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- Fisher & Paykel

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Note: Product cover images may vary from those shown

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