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Norway Medical Devices Report Q2 2016

Norway Medical Devices Report Q2 2016

BMI View: The Norwegian medical device market is limited by the size of the population, but enjoys aboveaverage per capita spending of USD300. We project the market will grow at a US dollar CAGR of 3.9% to2019 with the ageing population the main growth driver. The market will continue to be import-led withmuch of domestic production geared to the export market.

Latest Updates and Key Forecasts

We forecast that the Norwegian medical device market will grow at a 2014-2019 CAGR of 3.9%, fromUSD1,529.2mn in 2014 to USD1,853.1mn in 2019. Growth will range from 2.5% for patient aids up to5.1% for other medical devices. This will make Norway the second fastest growing market in WesternEurope, behind the UK.

We expect currency weakness and falling oil revenues will impact on US dollar import values in theshort-term. Imports contracted by 18.0% y-o-y in US dollar terms in Q415 and by 15.1% over the wholeof 2015, taking the running annual total to just under USD1.0bn.

We believe that export activity will continue to pick up as demand strengthens within the eurozone andthe rest of Europe, although currency weakness will continue to impact on the US dollar value of importsin the short term. Improved performance in the diagnostic imaging and other medical device productareas contributed to a y-o-y dollar increase of 2.9% in Q415, although the running annual export total fellby 6.7% to USD325.3mn for the whole of 2015.

The Norwegian Government has confirmed its commitment to developing the health sector byannouncing an 8.7% increase in the Regional Health Enterprises (hospitals) budget for 2016, along with a6.8% increase in the Ministry of Health and Care Services budget. We believe that the increase ininvestment will stimulate market growth for products used in both hospital and home care settings.


BMI Industry View
Table: Projected Medical Device Market, 2014-2019
Latest Updates and Key Forecasts
SWOT
Medical Device Market
Industry Forecast
Medical Device Market Forecast
Latest Updates
Structural Trends
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
Consumables Market Forecast
Latest Updates
Structural Trends
Bandages & Dressings
Suturing Materials
Syringes, Needles & Catheters
Other Consumables
Table: Consumables Market, 2009-2019 (USDmn)
Table: Consumables Market, 2010-2019 (USDmn % Change)
Diagnostic Imaging Market Forecast
Latest Updates
Structural Trends
Electrodiagnostic Apparatus
Radiation Apparatus
Imaging Parts & Accessories
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
Dental Products Market Forecast
Latest Updates
Structural Trends
Capital Equipment
Instruments & Supplies
Table: Dental Products Market, 2009-2019 (USDmn)
Table: Dental Products Market, 2010-2019 (USDmn % Change)
Orthopaedics & Prosthetics Market Forecast
Latest Updates
Structural Trends
Fixation Devices
Artificial Joints
Other Artificial Body Parts
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
Patient Aids Market Forecast
Latest Updates
Structural Trends
Portable Aids
Therapeutic Appliances
Table: Patient Aids Market, 2009-2019 (USDmn)
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
Other Medical Devices Market Forecast
Latest Updates
Structural Trends
Table: Other Medical Devices Market, 2009-2019 (USDmn)
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
Annual Medical Device Imports
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
Table: Detailed Medical Device Import Trends By Product Area, 2014
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
Monthly Medical Device Imports
Table: Monthly Medical Device Imports By Product Area, Year Ending December 2015 (USDmn)
Annual Medical Device Exports
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
Table: Detailed Medical Device Export Trends By Product Area, 2014
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
Monthly Medical Device Exports
Table: Monthly Medical Device Exports By Product Area, Year Ending December 2015 (USDmn)
Industry Risk/Reward Index
Table: WE Medical Device Risk/Reward Index, Q216
Market Overview
Table: Medical Device Market, Key Ratios, 2014
Table: Medical Device Market By Product Area, 2014
Healthcare Overview
Health Status
Healthcare System
Healthcare Funding
Table: Healthcare Expenditure 2011-2014
Healthcare Resources
Healthcare Activity
Healthcare Personnel
Key Healthcare Data
Table: Key Healthcare Data, 2010-2015
Industry Trends & Developments
Regulatory Development
Medical Device Regulations
Competent Authority
NotifiedBodies
Regulations
Medical Device Pricing & Reimbursement
Reimbursement
Health Technology Assessment
Competitive Landscape
Domestic Medical Device Production
Table: Medical Device Production By Product Area, 2010-2014 (EUR000s)
Table: Medical Device Production By Product Area, 2010-2014 (USD000s)
Domestic Medical Device Manufacturing
National Medical Device Manufacturers
Alu Rehab
ConceptoMed
Glamox
Handicare
Heger
Laerdal
Norgesplaster
Normeca
Otivio
Sero
Snogg
Multinational Medical Device Manufacturers
GE Healthcare
Multinational Market Activity
Table: Multinational Market Activity, 2016
Medical Device Market Access
Procurement
Trade Associations
Table: Medtek Norge Members. March 2016
Table: LabNorge Members - March 2016
Trade Shows
Methodology
Forecast Methodology
Trade Code Classifications
Table: Rearranged HS Trade Codes
Risk/Reward Index Methodology
Table: Medical Devices Risk/Reward Index Indicators
Sources
Contact

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