Medical and Surgical Equipment Manufacturing in Australia - Industry Market Research Report
Description
Medical and Surgical Equipment Manufacturing in Australia
Medical and surgical equipment manufacturers are thriving, unlike most other manufacturing industries which are dwindling because of a hike in production costs and fierce import competition. Australia's ageing population and expanding healthcare sector have boosted domestic demand for medical and surgical equipment. Yet, it was the outbreak of COVID-19 that caused sales to explode, surging up 31.9% in 2020-21. The pandemic intensified demand for medical and surgical equipment across private and public hospitals, with mainly using ventilators, infusion systems and renal care products in intensive care units to treat the virus. While demand for these goods strengthened, lockdown periods and restrictions on elective surgeries hit sales of other products like dental equipment and hearing aids. All in all, industry revenue has been growing at an annualised 8.3% over the past five years and is expected to total $7.0 billion in 2022-23, when revenue will climb by an estimated 2.4%.
Industry firms primarily manufacture medical, surgical and dental equipment. Firms that mainly manufacture ophthalmic equipment are excluded from the industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Medical and surgical equipment manufacturers are thriving, unlike most other manufacturing industries which are dwindling because of a hike in production costs and fierce import competition. Australia's ageing population and expanding healthcare sector have boosted domestic demand for medical and surgical equipment. Yet, it was the outbreak of COVID-19 that caused sales to explode, surging up 31.9% in 2020-21. The pandemic intensified demand for medical and surgical equipment across private and public hospitals, with mainly using ventilators, infusion systems and renal care products in intensive care units to treat the virus. While demand for these goods strengthened, lockdown periods and restrictions on elective surgeries hit sales of other products like dental equipment and hearing aids. All in all, industry revenue has been growing at an annualised 8.3% over the past five years and is expected to total $7.0 billion in 2022-23, when revenue will climb by an estimated 2.4%.
Industry firms primarily manufacture medical, surgical and dental equipment. Firms that mainly manufacture ophthalmic equipment are excluded from the industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
46 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
