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The Medical Device Market: Ireland

The Medical Device Market: Ireland

BMI Industry View : Ireland represents a small, but advanced medical device market , which wa s valued at a n estimated EUR 603.9mn ( USD 797.2 mn ) in 2013. In US dollar terms, t he market contracted between 2008 and 201 3 , but returned to growth in 2013 and is forecas t to grow at a CAGR of 2.2 % in US dollars, to reach USD 888.3 mn in 2018. Ireland has a strong medical device manufacturing sector, and is an attractive location for US and other firms to use as a European base.

Headline Industry Forecasts

Ireland's medical device market is the smallest of the 15 key markets analysed in the WE region, accounting for 1.3% of the total value. The Irish market was valued at an estimated USD797.2mn in 2013, representing an 8.2% increase on 2012 in dollar terms. The market is forecast to grow at a CAGR of 2.2% in US dollars to reach USD888.3mn in 2018.

Medical device imports stood at USDUSD1.622.8mn in 2013, up from USD1,550.1mn in 2012. The running annual total reached USD1,951.2mn in the 12 months to October 2014, representing y-o-y growth of 24.5%. Patient aids and consumables are the largest product areas in terms of imports and these categories are subject to a high level of re-exporting.

Ireland is one of the world's leading exporters of medical devices due to the presence of a large number of US multinationals, which use the country as a European manufacturing base . Medical device exports grew from USD7.8bn in 2008 to USD9.8bn in 2013, representing a CAGR of 4.7%. Exports totalled USD10,292.1mn in the 12 months to October 2014, a y-o-y increase of 7.6%.

Domestic medical device manufacturing is dominated by US multinationals, which produce mainly for export. There is very little locally owned manufacturing of finished products, apart from a number of small high-tech companies many of which are connected to Irish universities and/or receive government funding. Domestic output is estimated to exceed USD9.0bn with particular strengths in...


BMI Industry View
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$mn)
Consumables Market Forecast
Bandages & Dressings
Suturing Materials
Syringes, Needles & Catheters
Other Consumables
Table: Consumables Market, 2008-2018 (US$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 (% 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, 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$000s)
Monthly Medical Device Imports
Table: Monthly Medical Device Imports By Product Area, June 2011 - July 2014 (US$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$000s)
Monthly Medical Device Exports
Table: Monthly Medical Device Exports By Product Area, June 2011 - July 2014 (US$mn)
Macroeconomic Forecasts
Economic Analysis
Table: Economic Activity (Ireland 2009-2018)
Industry Risk Reward Ratings
Table: WE Medical Device Risk/Reward Ratings, Q115
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
Healthcare Funding
Healthcare Resources
Table: Diagnostic Imaging Technology By Type, 2005-2013
Table: Diagnostic Imaging Technology Per Mn Population By Type, 2006-2013
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
Regulations
EU Medical Device Regulations
Designated Authorities
Existing Regulations
Proposed Regulatory Changes
Implications For The Industry
Medical Device Pricing & Reimbursement
Competitive Landscape
Domestic Medical Device Production
Table: Medical Device Production By Product Area, 2009-2013 (EURmn)
Table: Medical Device Production By Product Area, 2009-2013 (US$mn)
Table: Medical Device Production By Product Area, 2009-2013 (% Distribution)
Domestic Medical Device Manufacturing
National Medical Device Manufacturers
Multinational Medical Device Manufacturers
Multinational Market Activity
Table: Multinational Market Activity, 2014
Medical Device Market Access
Market Environment
Distribution
Trade Organisations
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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