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The Global Market for Medical Devices, 2nd Edition

The medical device market is vast -- everything from a large imaging system to a disposable item can be classified as a type of medical device -- but also provides opportunity for new entrants. While in dollar terms the pharmaceutical market is greater, the device market has more participants and is responsible for more orders and transactions. Throughout the past decade, Kalorama Information has covered many device markets in detail. Certain areas such as infusion pumps, patient monitoring and catheters have shown promising growth. Others have solid market leaders earning stable revenue.

What are the fastest-growing markets for medical devices? Who are the main participants and what competitive moves did they make in 2010? How have device companies fared in a continually lukewarm economy? What impact will US healthcare reform have on the industry in the largest medical device market? How much of the business has shifted out of the US?

This Kalorama Information report, The Global Market for Medical Devices representing the second time Kalorama Information looked at the medical device industry as a whole, answers these questions and examines the global medical device industry and the key competitors participating in it. Combining the expert knowledge of Kalorama Information's reporting on device markets and analysis of 2010 results, the report provides insights into current trends that will be of interest to anyone watching the medical device market. As part of its coverage, the report includes:

  • Current Medical Device Market Size Estimate
  • Forecast to 2015
  • Discussion of Healthcare Reform Impact
  • Group Purchasing Trends
  • 2010 Acquisitions and Mergers
  • Regional Breakout of Device Market (US, Europe, Asia, Rest of World)
  • Discussion of Hospital Spending, Population and other Trends
  • Revenues of Top Device Companies, 2010
  • Medical Device Market in Significant Countries (US, China, Germany, Brazil, Japan)
  • Look at Key Device Markets (Patient Monitoring, Catheters, Imaging Equipment, Stents, Respiratory Equipment, Wound Care and Other Areas)
  • Profiles of Top Medical Device Companies
  • Analyst's Conclusions Concerning the Current Device Market
The report discusses the regulatory process and proposed changes in major markets, as well as the trends in the industry that are apparent in 2010. It also takes a detailed look at results from 10 'bellwether' companies (chosen for revenues and diversity of product offerings) to glean insights about the larger market from their results in the past year. As part of its coverage of the medical device market, Kalorama profiles some of the top companies in the industry, including:
  • Johnson & Johnson
  • GE Healthcare
  • Siemens Healthcare
  • CareFusion
  • Medtronic
  • Baxter International
  • Philips Healthcare
  • Covidien
  • Abbott Laboratories
  • Becton Dickinson
  • Stryker
  • B. Braun
  • St. Jude Medical
  • 3M Healthcare
  • Zimmer
  • Toshiba
  • Smith & Nephew
  • Hospira
  • Danaher
  • Synthes
  • Beckman Coulter
  • Terumo
  • Alcon
  • Fresenius Medical
  • Owens & Minor
  • GHX
  • Thermo Fisher Scientific Inc
  • Smiths Medical
  • Boston Scientific
  • Roche
  • Biomet
  • CR Bard
  • Dentsply
  • Hill-Rom
Kalorama Information has, in many of the largest device markets, already conducted detailed primary and secondary research-based studies and has examined manufacturer revenue estimates, rendering the total market visible. This report was partially assembled using data from Kalorama Information's previous medical device reports.

As is the standard methodology with all Kalorama market research reports, both primary and secondary research was used. Research into company annual reports, trade publications, government and medical literature was used as a foundation. Interviews with executives at medical device companies were conducted and are the key source of estimates.

All Kalorama reports advertise the single user price. Use is limited to one user. We also feature department and global pricing for reports that we be utilized by more than one user at your company. Please consult ask your sales representative or select the correct license on our website.

For Kalorama's take on the healthcare news of the week, based on our analysis of healthcare markets, follow Kalorama Information's Key Point Blog at http://kaloramakeypoint.blogspot.com/


Acquisitions, Emerging Markets Key to Medical Device Industry Growth

Medical device companies saw growth in 2010 despite a slow economy and pressure on pricing, and that growth should continue for the next few years, according to Kalorama Information. In its report, The Global Market for Medical Devices, 2nd Edition, the healthcare market research publisher indicated that the bellwether medical device companies it observed grew at an average of six percent in 2010, on the higher side of most growth estimates a year ago. The report noted that the $305 billion medical device market should see growth in that range over the next few years as a result of emerging markets, an aging population and increased acquisitions.

"In some categories, such as orthopedics or respiratory, it's simple demographics and improved economics in the developed world that led to growth," said Bruce Carlson, publisher of Kalorama Information and the author of Kalorama's yearly roundup of medical devices. "For most companies, double-digit growth in orders to India, China, Brazil and other nations fueled revenues."

Carlson noted that overall, about one percent more sales shifted outside the US between 2009 and 2010, consistent with the long-term trend of companies seeking international sales.

The medical device market is not without its challenges including regulatory procedures, group purchasing negotiations and a new tax as part of US health care reform. However, the report pointed to a robust amount of merger and acquisition activity in the market as an indication that the medical device industry is optimistic about the future. Among the acquisitions that occurred last year was Covidien's $2.6 billion acquisition of endovascular company ev3 Inc. Orthopedic giant Stryker purchased the neurovascular unit of Boston Scientific and Baxter Healthcare assumed bone graft maker Apatech. Medtronic acquired several companies, including spinal neuromodulation products company Axon Systems, heart valve maker ATS Medical and Invatec S.p.a, a producer of stents.

"It's a healthy sign that so many of the top companies chose 2010 to make strategic moves, either to divest unprofitable areas or to acquire areas that are in line with strategic goals and where cross-selling opportunities were present," Carlson said.

Kalorama Information's The Global Market for Medical Devices, 2nd Edition, contains profiles of top device companies, a review of 2010 revenue performance, specific market sizes for categories of devices, and important trends in the industry.

  • Executive Summary
    • SIZE OF THE MARKET AND FORECAST
    • TOP COMPANIES
    • SCOPE AND METHODOLOGY
    • CONCLUSIONS
  • Introduction
    • HEALTHCARE INDUSTRY
    • WORLDWIDE HEALTHCARE MARKET
    • DEFINITION
    • CLASSIFICATION OF MEDICAL DEVICES
    • CATEGORIZATION OF MEDICAL DEVICES
    • TRENDS IN THE INDUSTRY
      • Mergers And Acquisitions
        • Table 2010 Medical Device Acquisitions
      • GPOs and Medtronic's Action
      • GHX and Its Impact on Markets
      • Regulatory Trends
      • 510(k) Process and Regulatory Proposals
      • Europe
      • Healthcare Reform - Boon and Burden?
      • Lawsuits Against Device Competitors
  • Specific Device Markets
    • MARKET SIZE, SPECIFICMEDICAL DEVICES
      • Table Markets for Medical Devices, 2010
    • PATIENT MONITORING
    • DIALYSIS
    • MINIMALLY INVASIVE SURGERY
    • ORTHOPEDICS
    • CATHETERS
    • MRI
    • ULTRASOUND
    • MEDICAL BEDS AND CHAIRS
    • GI ENDOSCOPY
    • X-RAY
    • EYE DISEASE MARKETS: EQUIPMENT, SUPPLIES, AND DEVICES
    • INFUSION PUMPS
    • POINT OF CARE TESTS
    • STENTS
    • RESPIRATORY DEVICES
      • Table (Pacemakers, Ultrasound, MRI, Respiratory, Eye Disease, Syringes, Minimally Invasive, Stents, Catheters, Infusion Pumps, GI Endoscopy, X-Ray, Remote Patient Monitoring, POC Diagnostics, Orthopedic Implants, Medical Beds and Chairs, Wound Care)
  • Bellwether Companies
    • REVENUE PEFORMANCE 2010 VS. 2009.
      • Table Revenue Performance, Bellwether Companies 2010 vs. 2009
    • US VS. INTERNATIONAL SALES
      • Table Percent of Sales in US, 2010 vs. 2009 Bellwether Companies
    • INVESTMENT IN RESEARCH AND DEVELOPMENT
      • Table R&D Spending, Bellwether Companies
  • Overall Market
    • THE HOSPITAL MARKET
      • Hospital Statistics
        • Table Statistics for U.S. Hospitals, 2009
        • Table U.S. Registered Hospitals by Type, 2009
        • Table World Hospitals and Acute Care Centers by Country
      • State of Hospital Market in US, AHA Survey
      • Hospital Profits
    • AGING POPULATION
      • Table Percent Population Over 65 by Year and Region
    • MARKET FORECAST
    • MARKET BY REGION
    • MARKET BY COUNTRY
      • Table Significant Country Device Markets (U.S., Australia, Brazil, Japan, Germany, China, Canada) billions
    • REVENUES OF TOP COMPANIES
      • Table Estimated Device-Only Revenue of Major Competitors, 2010(in billions USD)
  • Company Profiles
    • JOHNSON &JOHNSON
    • GE HEALTHCARE
    • SIEMENS HEALTHCARE
    • CAREFUSION
    • MEDTRONIC
    • BAXTER INTERNATIONAL
    • PHILIPS HEALTHCARE
    • COVIDIEN
    • ABBOTT LABORATORIES
    • BECTON DICKINSON &CO.
    • STRYKER
    • B. BRAUN
    • ST. JUDEMEDICAL
    • 3M HEALTH CARE
    • TOSHIBA
    • ZIMMER
    • HOSPIRA
    • DANAHER
    • SYNTHES
    • BECKMAN COULTER
    • TERUMO
    • ALCON
    • FRESENIUS MEDICAL
    • OWENS&MINOR
    • GHX
    • THERMO FISHER SCIENTIFIC INC
    • SMITHSMEDICAL
    • BOSTON SCIENTIFIC
    • ROCHE
    • BIOMET
    • CR BARD
    • DENTSPLY
    • HILL-ROM

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