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Denmark Medical Devices Report

Denmark Medical Devices Report

BMI Industry View: Denmark represents a mature medical device market with above average per capita spending. The market is being constrained by slow economic growth, which is increasing pressure to scale back the country's generous welfare system. As such the market is only expected to show low growth with a US dollar CAGR of 1.9% forecast for the 2013-2018 period. Local production is focused on consumables and patient aids, primarily hearing aids, leaving the majority of the market heavily dependent on imports.

Headline Industry Forecasts

The medical device market is valued at USD1,587.3mn in 2013, equal to USD283 per capita. The market is projected to grow at a CAGR of 1.9% in US dollar terms and 3.8% in local currency terms over the 2013-2018 period to attain a value of USD1,740.2mn by 2018.

Medical device imports supply around 78% of the medical device market. Between 2008 and 2013, imports contracted by a CAGR of -1.2% in US dollar terms. The running annual total amounted to USD1,453.2mn in the 12 months to December 2014, representing a small y-o-y decline of 1.2% in US dollar terms.

Medical device exports contracted by a CAGR of -1.4% in US dollar terms over the 2008-2013 period. The running annual total amounted to USD2,482.4mn in the 12 months to December 2014, representing a y-o-y increase of 0.9% in US dollar terms. The balance of trade surplus fell to below USD1.0bn in 2013.

Total medical device production is estimated to be in the region of USD3.0bn. The industry has particular strengths in hearing aids, consumables and electrodiagnostic apparatus. Leading national medical device manufacturers include Ambu, Coloplast, GN Resound, Guldmann, Novo Nordisk, Widex and William Demant. Others such as Dameca and Radiometer have been acquired by multinationals.


Espicom Industry View
SWOT
Medical Device Market
Political
Economic
Business Environment
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$mn)
Consumables Market Forecast
Bandages & Dressings
Suturing Materials
Syringes, Needles & Catheters
Other Consumables
Table: Consumables Market, 2008-2018 (US$mn)
Table: Consumables Market, 2009-2018 (US$mn % Change)
Diagnostic Imaging Market Forecast
Electrodiagnostic Apparatus
Radiation Apparatus
Imaging Parts & Accessories
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
Dental Products Market Forecast
Capital Equipment
Instruments & Supplies
Table: Dental Products Market, 2008-2018 (US$mn)
Table: Dental Products Market, 2009-2018 (US$mn % Change)
Orthopaedics & Prosthetics Market Forecast
Fixation Devices
Artificial Joints
Other Artificial Body Parts
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn % Change)
Patient Aids Market Forecast
Portable Aids
Therapeutic Appliances
Table: Patient Aids Market, 2008-2018 (US$mn)
Table: Patient Aids Market, 2009-2018 (US$mn % Change)
Other Medical Devices Market Forecast
Table: Other Medical Devices Market, 2008-2018 (US$mn)
Table: Other Medical Devices Market, 2009-2018 (US$mn % Change)
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$000s)
Monthly Medical Device Imports
Table: Monthly Medical Device Imports By Product Area, June 2011 - May 2014 (US$mn)
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$000s)
Monthly Medical Device Exports
Table: Monthly Medical Device Exports By Product Area, June 2011 - May 2014 (US$mn)
Macroeconomic Forecasts
Economic Analysis
Table: GDP By Expenditure (Denmark 2011-2018)
Industry Risk Reward Ratings
Table: WE Medical Device Risk/Reward Ratings, Q414
Market Overview
Medical Device Market Overview
Table: Medical Device Market, Key Ratios, 2013
Table: Medical Device Market By Product Area, 2013
Healthcare Overview
Health Status
Healthcare System
Private Healthcare Providers
Healthcare Funding
Healthcare Resources
Table: Diagnostic Imaging Technology By Type, 2005-2011
Healthcare Activity
Healthcare Personnel
Key Healthcare Data
Table: Key Healthcare Data, 2008-2013
Industry Trends And Developments
Industry Trends & Developments
Regulatory Development
Medical Device Regulations
Competent Authority
Notified Body
National Medical Device Regulations
EU Medical Device Regulations
Designated Authorities
Existing Regulations
Proposed Regulatory Changes
Implications For The Industry
Competitive Landscape
Domestic Medical Device Production
Production Reported By Eurostat
Table: Medical Device Production By Product Area, 2009-2013 (EURmn)
Table: Detailed Medical Device Production By Product Area, 2009-2013 (EURmn)
Table: Detailed Medical Device Production By Product Area, 2009-2013 (US$mn)
Table: Detailed Medical Device Production By Product Area, 2009-2013 (% Total)
Production Reported By StatBank Denmark
Table: Medical Instruments Turnover, 2000-2011
Table: Medical & Surgical Equipment, Turnover, 1993-2008
Domestic Medical Device Manufacturing
National Medical Device Manufacturers
Ambu
Table: Ambu Financial Indicators, FY2009-2013 (DKKmn)
Coloplast
Table: Coloplast Revenue By Business Segment, FY2008-2013 (DKKmn)
GN ReSound
Table: GN Store Nord Financial Indicators, 2009-2013 (DKKmn)
Table: GN ReSound Revenues By Business Unit, 2009-2013 (DKKmn)
Guldmann
Novo Nordisk
Table: Novo Nordisk Sales By Product/Business Area, 2009-2013 (DKKmn)
Widex
William Demant
Table: William Demant Financial Indicators, 2009-2013 (DKKmn)
Table: William Demant Revenue By Product Area, 2009-2013 (DKKmn)
Multinational Medical Device Manufacturers
Analogic Corporation
Angiotec / Argon Medical
ConvaTec
Cook Medical
Danaher Corporation
GE Healthcare
Philips
Multinational Market Activity
Table: Multinational Market Activity, 2014
Medical Device Market Access
Market Environment
Distribution
Trade Association
Table: Medicoindustrien Members, 2013
Trade Fairs
Methodology
Medical Device Market Methodology
Trade Code Classifications
Table: Used HS Trade Codes, 2014
Table: Rearranged HS Trade Codes, 2014
Risk/Reward Ratings Methodology
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
Sources
Contact

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