The Global Market for Medical Devices, 5th Edition

May 28, 2014
146 Pages - Pub ID: KLI5254463
Abstract Table of Contents Related Reports

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.


Additional Information

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



Related Reports:

The Worldwide Market for In Vitro Diagnostic (IVD) Tests, 9th Edition
Aug 13, 2014 - KLI5309370 - $6,800.00

The World Market for Clinical Nutrition Products (Infant, Parenteral and Enteral Foods), 6th Edition
Jul 16, 2014 - KLI5296709 - $3,995.00

The World Market for Flow Cytometry in IVD Applications
Jun 16, 2014 - KLI5271977 - $1,995.00

Medical Device Markets in The Middle East
May 14, 2014 - KLI5241892 - $995.00

Vaccines 2014: World Market Analysis, Key Players, Trends, Pediatric and Adult Segments (Influenza, Cervical Cancer, Combinations, Hepatitis, Pneumococcal, MMR, Varicella, Poliovirus , HIB, Others)
Apr 21, 2014 - KLI5232511 - $3,995.00

EMR 2014: The Market for Electronic Medical Records
Apr 2, 2014 - KLI5225054 - $3,995.00

Surgical Procedure Volumes: Global Analysis (US, China, Japan, Brazil, UK, Germany, Italy, France, Mexico, Russia)
Feb 22, 2014 - KLI5205473 - $2,995.00

The Market for Medical Devices in EMEA
Feb 11, 2014 - KLI5201545 - $1,995.00

Medical Imaging Markets (X-Ray, CT, MRI, Ultrasound, PET, SPECT, Others)
Feb 5, 2014 - KLI5199102 - $3,995.00

The Worldwide Market for Respiratory Devices (Inhalers, Nebulizers, Airways, Masks, Sleep Apnea, Oxygen Therapy, Ventilators Medical Humidifiers, Respiratory Measurement)
Jan 23, 2014 - KLI5192151 - $3,995.00

800.298.5603
Int'l: +1.240.747.3096
Questions?
Contact a research specialist >

Most Popular Research
The Worldwide Market for In Vitro Diagnostic (IVD) Tests, 9th Edition
Results of The 2012 Kalorama IVD Procedure Count: White Paper
The World Market for Point of Care (POC) Diagnostics
World Market for Molecular Diagnostics, 5th. Edition (Infectious Disease, Oncology, Blood Screening, Pre-Natal and Other Areas)
IVD Procedure Volume and Pricing Analysis
The United States Market for In Vitro Diagnostic Tests
Privacy Policy    |    Terms and Conditions    |    Site Map    |    Return Policy    |    Press    |    Help FAQs
Home About Us My Account Personal Library Contact Us
Copyright © 2014 Kalorama Information. All Rights Reserved.
A division of Market Research Group, LLC
9/21/2014 - 42
Contact Us: 800.298.5603 (U.S.)
or +1.240.747.3096 (Int'l)
Hours: Monday - Thursday: 5:30am - 6:30pm EST
Fridays: 5:30am - 5:30pm EST