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Sweden Medical Devices Report Q2 2016

Sweden Medical Devices Report Q2 2016

BMI View: We expect moderate growth in the medical device market in local currency terms over the 2014-2019 period, although growth in US dollar terms will be constrained by depreciation of the Swedish krona against the US dollar, which resulted in a downturn in 2015. We anticipate the market will return to growth from 2016. While Sweden has a strong medical device manufacturing industry, the majority of domestically produced medical devices are exported, leaving the domestic market heavily reliant on imports.

Latest Updates and

Key Forecasts

We forecast that the medical device market will grow at a CAGR of 2.7% in US dollar terms over the next five years, rising from USD2.5bn in 2014 to USD2.9bn in 2019. The low dollar growth rate reflects the falling value of the Swedish krona against the US dollar, which will result in a contraction in the market in US dollar terms in 2016 before it returns to growth in 2017.

We expect medical device imports will continue to be adversely impacted by the weak krona in the coming months. Imports fell by 10.4% in US dollar terms in the three months to October 2015 and by 11.7% to USD1.7bn over the 12 month period, with contractions being recorded for all product areas.

We expect the downward trend in medical device exports to continue as the impact of the substantial currency depreciation has added to the contraction following the closure of St Jude Medical's manufacturing facility. Exports were down by 20.1%in US dollar terms in the three months to October 2015 and by 16.5% to USD1.7bn over the 12 month period.

Getinge Group's organisation structure changed on January 1 2016 from three independent business areas to a single company. We note that the new structure will reduce complexity and ensure efficient management of the company, which will lead to a higher degree of customer focus and improved cost efficiency, reignite the group's organic growth and increase competitiveness.


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 October 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: Medical Device Monthly Exports By Product Area, Year Ending October 2015 (USDmn)
Industry Risk/Reward Index
Table: WE Medical Device Risk/Reward Index, Q216
Market Overview
Medical Device Market Overview
Table: Medical Device Market, Key Ratios, 2014
Table: Medical Device Market By Product Area, 2014
Healthcare Overview
Health Status
Healthcare System
Health Funding
Healthcare Resources
Healthcare Activity
Healthcare Personnel
Key Healthcare Data
Table: Key Healthcare Data, 2010-2015
Industry Trends And Developments
Industry Trends & Developments
Regulatory Development
Medical Device Regulations
Competent Authority
Notified Bodies
National Medical Device Regulations
EU Medical Device Regulations
Designated Authorities
Existing Regulations
Proposed Regulatory Changes
Medical Device Pricing & Reimbursement
Reimbursement
Health Technology Assessment
Procurement
Competitive Landscape
Domestic Medical Device Production
Table: Medical Device Production By Product Area, 2010-2014 (EURmn)
Table: Detailed Medical Device Production By Product Area, 2010-2014 (EURmn)
Table: Detailed Medical Device Production By Product Area, 2010-2014 (USDmn)
National Medical Device Manufacturers
Atos Medical
Biora
Breas Medical
Comfort Audio
Dentsply
Elekta
Gambro
Getinge
Molnlycke Health Care
Nobel Biocare
Nordiska Dental
Ortivus
Wellspect Healthcare
Multinational Medical Device Manufacturers
Fresenius Kabi
GE Healthcare
St Jude Medical
Multinational Market Activity
Table: Multinational Market Activity, 2016
Medical Device Market Access
Market Environment
Trade Associations
Table: Swedish Labtech Members, 2016
Trade Show
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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