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The Global Market for Medical Devices, Forecasts to 2019, 5th Edition


Attention: There is an updated edition available for this report.

Global Market for Medical Devices, 5th Edition

The fifth edition of Kalorama Information’s Global Market for Medical Devices presents an industry adjusting to challenges of reimbursement reductions and new taxes. New product innovations and mergers were part of the strategies companies adapted in order to compete. In the United States, the second year of collections on the medical device tax began, and the report describes the impact. In Europe as well as the United States, reimbursement challenges and the threat of new legislation loom. Emerging markets again helped to boost revenues elsewhere, but even some emerging nations saw growth rate reductions. Device manufacturers responded by boosting innovation and technology, finding new markets, and buying each other.

As part of the market analysis in this report, the following is included:

Size and Forecast of the World Market for Medical Devices

Index of 15 Important Medical Device Players: Performance 2012-2013, International Sales Focus, R&D Spending

Regional Breakouts for US, Europe, Asia and Rest of World Regions

Segment Markets (Catheters, GI, Orthopedic, MIS, Dialysis, Patient Monitoring, MRI, Ultrasound, X-Ray, Medical Beds, IOLs, Infusion Pumps, Stents, Respiratory, Point of Care Testing Devices, Other)

Country Markets for US, UK, Australia, Brazil, Japan, Germany, China, Italy, France

36 Profiles of Key Medical Device Companies

Mergers and Acquisitions in the Device Market

New Product Launches, 2013

Impact of US Medical Device Taxes

Company Market Share


Kalorama Information considers estimates of manufacturer revenues the most important and valid methodology for business planning. In many of the largest device markets, Kalorama Information has already conducted studies and has examined manufacturer revenue estimates, rendering the total market visible.

This report was assembled using data from Kalorama Information's previous medical device reports. 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.


The beginning of 2013 saw the medical device industry make the first payments to the IRS for the new 2.3% excise tax on all classes of medical devices as part of the 2009 Patient Protection and Affordable Care Act (referred to in this report as US healthcare reform).  Medical device manufacturers have to date paid an estimated $1 billion to the Internal Revenue Service for the medical device excise tax, according to the Medical Imaging & Technology Alliance (MITA), the Advanced Medical Technology Association (AdvaMed) and the Medical Device Manufacturers Association (MDMA), the tax costing an estimated average of $194 million per month by device manufacturers in an industry that spends nearly $10 billion in R&D each year.

Net income was broadly impacted in 2013, though the actual amounts vary.  Table 1-1 shows the medical device excise tax payment totals of selected industry leaders.  Johnson and Johnson, the largest device company, paid $200 million, which was recorded in selling, marketing and administrative expenses.

 

Table 1-1

Medical Device Excise Tax Payment of Selected Industry Leaders, 2013 (US millions)

 

Company

Payment

Johnson & Johnson

200

Boston Scientific

73

Covidien

60

Smith & Nephew

24

Hill-Rom

12.3



Kalorama Sees Reason for Cautious Optimism for Revenue Growth in 2014

NEW YORK, N.Y. - June 6, 2014 - The global market for medical devices was 348 billion dollars in 2013, according to Kalorama Information.  The healthcare market research firm said that innovation and mergers drove growth in the device industry.  New taxes and reimbursement cuts were growth limiters.  The firm sees  3% average growth in the next 5 years.

 The finding was made in Kalorama Information's report, The Global Market for Medical Devices.  Kalorama recently released the 5th edition of their report. 

"The device industry did better than some of the most bleak estimates, but still has challenges," reported Kalorama Publisher Bruce Carlson, who authored the report.  "You see firms boosting R&D spending, which is a sign of confidence."

Kalorama said that Respiratory Equipment, Catheters, Patient Monitoring and Dental Equipment are the largest categories of medical devices.  Companies in these field are among the growth companies.   New product introductions in 2013 included stents, meshes, testing products and catheters.

Kalorama said firms looked outside the United States for growth.  The average of our device company index was a 1% increase in non-US sales, though some companies were well beyond this average.

"The trend was a continuation of what we've seen since 2005," Carlson said.  "United States sales were back up last year on European cuts but now sales continue the drift to outside markets."

Growth by acquisition was a key strategy in 2013.  There were 35 significant device market mergers and acquisitions in 2013 and 2014.  The acquisitions of Ortho Clinical by the Carlyle Group and Life Technologies by Thermo Fisher were among the larger events.

The report, The Global Market for Medical Devices, 5th Edition, contains a full breakout of segment markets, geographic markets and market share.  The report is available at http://www.marketresearch.com/product/display.asp?productid=8186981



  • Executive Summary
    • TOP COMPANIES
    • MERGERS AND ACQUISITIONS
    • MEDICAL DEVICE TAX
      • Table Medical Device Excise Tax Payment of Selected Industry Leaders, 2013
    • SCOPE AND METHODOLOGY
    • CONCLUSIONS
  • Introduction
    • DEFINITION
    • REGULATION IN THE US
      • Classification of Medical Devices
        • Table 2013 FDA Device Approvals
      • 510(k) Process
    • REGULATION IN THE EUROPEAN UNION
    • REGULATION IN JAPAN
    • REGULATION IN CHINA
    • TRENDS IN WORLD DEMOGRAPHICS
      • Table World Population, 2010 - 2050
    • GLOBAL AGING POPULATION
      • Table Percent Population Over 65, 2010-2050
    • GROUP PURCHASING ORGANIZATIONS
      • Table GPOs in the United States
    • UNIQUE DEVICE IDENTIFIER (UDI)
      • UDI Rule and GUDID Guidance
        • Table Compliance Dates for UDI Requirements
      • Healthcare Reform and Taxes
    • EXPEDITED ACCESS PREMARKET APPROVAL
    • HOSPITAL MARKET UPDATE
      • A Look at Representative Hospital Chains
        • Table Leading For-Profit U.S. Hospital Chains, 2008 and 2010
    • MEDICAL DEVICE TAX
      • Table Medical Device Excise Tax Payment of Selected Industry Leaders, 2013 (US millions)
  • Mergers and Acquisitions
    • SIGNIFICANT DEVICE INDUSTRY M&AS
      • Zimmer-Biomet
      • Boston Scientific
      • Stryker Makes Several Buys
      • CareFusion
      • Thermo Fisher and Life
      • J&J Sells Clinical Diagnostics
      • Medtronic
        • Table Mergers and Acquisitions in the Medical Device Market, 2013-2014
  • Specific Device Markets
    • MARKET SIZE, SPECIFIC MEDICAL DEVICES
      • Table Markets for Medical Devices, 2013
    • CATHETERS
    • GASTROINTESTINAL DEVICES
    • ORTHOPEDICS
    • MINIMALLY INVASIVE SURGERY
    • PATIENT MONITORING
    • DIALYSIS
    • MRI
    • ULTRASOUND
    • MEDICAL BEDS
    • X-RAY MARKETS
    • INTRAOCULAR LENS DEVICES
    • INFUSION PUMPS
    • POINT OF CARE TESTS
    • STENTS
    • RESPIRATORY DEVICES
  • Bellwether Companies
    • REVENUE PERFORMANCE - 15 BELLWETHER COMPANIES
      • Table Revenue Performance, Bellwether Companies, 2013 vs. 2012
      • Table Revenue Performance, Bellwether Companies' Growth Rates, 2013
    • US VERSUS INTERNATIONAL SALES
      • Table Percent of Sales from US, 2013 and 2012
    • INVESTMENT IN RESEARCH AND DEVELOPMENT
      • Table Research and Development Spending, Bellwether Companies
      • Table Research and Development Spending as a Percentage of Revenues, Bellwether Companies
  • Market Analysis
    • SIZE AND GROWTH
    • MARKET BY REGION
    • MARKET BY COUNTRY
      • Table Significant Country Device Markets (US, UK, Australia, Brazil, Japan, Germany, China, Italy, France) $billions
    • REVENUES OF TOP COMPANIES
      • Table Top Medical Device Company Revenues, FY 2013
  • Company Profiles
    • JOHNSON & JOHNSON
    • GE HEALTHCARE
    • SIEMENS HEALTHCARE
      • Company Overview
      • Product Launches
    • MEDTRONIC
      • Company Overview
      • Product Launches
      • Acquisitions
    • BAXTER INTERNATIONAL
      • Company Overview
      • Product Launches
      • Acquisitions
    • PHILIPS HEALTHCARE
      • Company Overview
    • COOK MEDICAL
      • Product Launches
    • COVIDIEN
      • Company Overview
      • Product Launches
      • Acquisitions
    • BECTON DICKINSON &CO.
      • Company Overview
      • Product Launches
    • B. BRAUN
      • Company Overview
      • Product Launches
    • ST. JUDE MEDICAL
      • Company Overview
      • Product Launches
      • Acquisitions
    • MINDRAY MEDICAL
      • Company Overview
      • Product Launches
    • HILL-ROM
      • Company Overview
      • Product Launches
      • Acquisitions
    • 3M HEALTHCARE
      • Company Overview
      • Acquisitions
    • TOSHIBA MEDICAL SYSTEMS
      • Company Overview
      • Product Launches
      • Acquisitions
    • SMITH &NEPHEW, PLC
      • Company Overview
      • Acquisitions
      • Product Launches
    • HOSPIRA
      • Company Overview
      • Acquisitions
    • FRESENIUS MEDICAL
      • Company Overview
    • BOSTON SCIENTIFIC
      • Company Overview
      • Product Launches
    • CR BARD
      • Company Overview
    • STRYKER CORPORATION
      • Company Overview
      • Acquisitions
      • Product Launches
    • CAREFUSION
      • Company Overview
      • Acquisition
      • Product Launches
    • THERMO FISHER SCIENTIFIC INC.
      • Company Overview
      • Acquisition
      • Product Launches
    • TERUMO CORPORATION
      • Company Overview
    • CARDINAL HEALTH
      • Company Overview
      • Acquisitions
    • BIOMET
      • Company Overview
      • Acquisition
      • Product Launches
    • DENTSPLY
      • Company Overview
      • Product Launches
    • COLOPLAST
      • Company Overview
      • Product Launches
    • PAUL HARTMANN AG
      • Company Overview
    • TELEFLEX INC.
      • Company Overview
      • Acquisitions
      • Product Launches
    • HAEMONETICS
      • Company Overview
      • Acquisitions
      • Product Launches
    • ZIMMER
      • Company Overview
      • Acquisitions
    • VARIAN MEDICAL SYSTEMS
      • Company Overview
      • Product Launch
    • PERKINELMER, INC.
      • Company Overview
    • NOBEL BIOCARE
      • Company Overview
      • Product Launches
    • OLYMPUS MEDICAL SYSTEMS

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