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  4. > The Medical Device Market: Ireland

The Medical Device Market: Ireland

  • January 2014
  • -
  • Espicom Business Intelligence
  • -
  • 162 pages

OVERVIEW OF THE MEDICAL MARKET IN IRELAND
With a population of around 4 6mn, the Republic of Ireland represents a small but advanced market for medical equipment Prior to the global recession and Ireland's financial assistance package from the EU, IMF and ECB in 2010, the country had experienced rapid economic growth and had invested in largescale renovation and redevelopment of its healthcare infrastructure

The government faces an extremely tight financial operating environment in the next few years It has attempted to ringfence health spending as far as possible Patient charges were raised in 2009, and the 2010 HSE National Service Plan envisaged cuts and efficiency savings in some areas, but levels of spending have plummeted since the intervention of the IMF and European institutions In its seventh review of Ireland's economic assistance package, the EC, ECB and IMF requested details as to how the government plans to cut spending on healthcare, not least because it posted a financial deficit of EUR399bn in the first nine months of 2012

In July 2012 the Department of Health published the Health (Pricing and Supply of Medical Goods) Bill 2012, which was passed in May 2013 and due to become into law by mid-2013 This incorporates a range of cost-cutting measures, including generic drug substitution and outlines the procedures regarding the supply of medicines and medical equipment to patients The government also plans to improve efficiencies in hospitals as a means of cutting costs Other changes ahead include the Health Insurance (Amendment) Bill 2012, which introduces new regulations regarding health insurance and will almost
certainly lead to higher premiums for patients

Ireland has positioned itself as an attractive European manufacturing location for medical firms from the USA and elsewhere It offers financial incentives for companies wishing to relocate, an English speaking workforce, access to finance, advanced research and development services and ready access to the wider EU market As a result, most large US medical firms have some manufacturing capacity in Ireland Only a very small proportion of this is intended for the domestic market, however The presence of so many US manufacturers has turned Ireland into one of the world's leading exporters of medical equipment The total stood at US$9 4bn in 2012 The bulk of this is either exported back to the USA or on to other EU
countries

Table Of Contents

The Medical Device Market: Ireland
Espicom Industry View 7
Espicom Industry View 7
SWOT 9
Medical Device Market 9
Economic 11
Political 12
Industry Forecast 13
Medical Device Market Forecast 13
Past Performance 2008-2013 13
Future Performance 2013-2018 15
Table: Projected Medical Device Market, 2013-2018 16
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn) 17
Table: Detailed Medical Device Market By Product Area (US$ Per Capita), 2008-2018 20
Table: Detailed Medical Device Market By Product Area, % Of Total, 2008-2018 23
Table: Detailed Medical Device Market By Product Area (US$mn, % Change) 27
Consumables Market Forecast 30
Table: Consumables Market, 2008-2018 (US$mn) 30
Table: Consumables Market, 2008-2018 (US$ Per Capita) 32
Table: Consumables Market, 2009-2018 (US$mn % Change) 33
Diagnostic Imaging Market Forecast 35
Table: Diagnostic Imaging Market, 2008-2018 (US$mn) 36
Table: Diagnostic Imaging Market, 2008-2018 (US$ Per Capita) 38
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change) 39
Dental Products Market Forecast 41
Table: Dental Products Market, 2008-2018 (US$mn) 42
Table: Dental Products Market, 2008-2018 (US$ Per Capita) 42
Table: Dental Products Market, 2009-2018 (US$mn % Change) 43
Orthopaedics and Prosthetics Market Forecast 45
Table: Orthopaedics and Prosthetics Market, 2008-2018 (US$mn) 46
Table: Orthopaedics and Prosthetics Market, 2008-2018 (US$ Per Capita) 46
Table: Orthopaedics and Prosthetics Market, 2009-2018 (% Change) 47
Patient Aids Market Forecast 48
Table: Patient Aids Market, 2008-2018 (US$mn) 49
Table: Patient Aids Market, 2008-2018 (US$ Per Capita) 49
Table: Patient Aids Market, 2009-2018 (US$mn % Change) 50
Other Medical Devices Market Forecast 52
Table: Other Medical Devices, 2008-2018 (US$mn) 53
Table: Other Medical Devices Market, 2008-2018 (US$ Per Capita) 54
Table: Other Medical Devices Market, 2009-2018 (US$mn % Change) 55
Annual Medical Device Imports 57
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s) 60

Table: Medical Device Imports By Product Area, 2008-2012 (US$000s, % Change) 61
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s) 62
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s, % Change) 63
Table: Medical Device Imports By Product Area, 2008-2012 (% Distribution) 65
Table: Leading Medical Device Suppliers By Product Area, 2012 (US$000s) 68
Table: Leading Medical Device Suppliers By Product Area, 2012 (% Distribution) 69
Table: Top 20 Medical Device Suppliers, 2012 (US$000s) 70
Table: Detailed Medical Device Imports By Product Area, 2008-2012 (US$000s) 71
Table: Detailed Medical Device Import Trends By Product Area, 2012 74
Table: Detailed Leading Medical Device Suppliers By Product Area, 2012 (US$000s) 78
Monthly Medical Device Imports 82
Table: Monthly Medical Device Imports By Product Area, September 2010 - August 2013 (US$mn) 82
Annual Medical Device Exports 84
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s) 86
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s, % Change) 87
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s) 88
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s, % Change) 89
Table: Medical Device Exports By Product Area, 2008-2012 (% Distribution) 91
Table: Leading Medical Device Destinations By Product Area, 2012 (US$000s) 93
Table: Leading Medical Device Destinations By Product Area, 2012 (% Distribution) 94
Table: Top 20 Medical Device Destinations, 2012 (US$000s) 95
Table: Detailed Medical Device Exports By Product Area, 2012 (US$000s) 96
Table: Detailed Medical Device Export Trends By Product Area, 2012 99
Table: Detailed Leading Medical Device Destinations By Product Area, 2012 (US$000s) 103
Table: Detailed Medical Device Balance Of Trade, 2008-2012 (US$000s) 106
Monthly Medical Device Exports 110
Table: Monthly Medical Device Exports By Product Area, September 2010 - August 2013 (US$mn) 110
Macroeconomic Forecasts 112
Economic Activity 112
Table: IRELAND - ECONOMIC ACTIVITY 116
Industry Risk Reward Ratings 117
Industry Risk Reward Ratings 117
Table: Espicom Analysis Of The Medical Device Market, 2013 117
Market Overview 119
Medical Device Market Overview 119
Oveview 119
Table: Medical Device Market, Key Ratios 120
The Market In 2013 120
Table: Medical Device Market By Product Area, 2013 121
Healthcare Overview 123
Healthcare System 123
Health Reforms 124
Health Insurance 125
Health Expenditure 125
Medical Technology 127
Table: Diagnostic Imaging Technology By Type, 2005-2012 127

Key Data 128
Table: Key Data, 2008-2013 128
Industry Trends And Developments 131
Industry Trends and Developments 131
Regulatory Development 134
Medical Device Regulations 134
Competent Authority 134
Notified Body 134
Medical Device Pricing and Reimbursement 136
Competitive Landscape 137
Domestic Medical Device Production 137
Table: Medical Device Production By Product Area, 2008-2012 (EURmn) 137
Table: Medical Device Production By Product Area, 2008-2012 (US$mn) 140
Domestic Medical Device Manufacturing 143
National Medical Device Manufacturers 144
Multinational Medical Device Manufacturers 147
Multinational Market Activity 153
Table: Multinational Activity 153
Medical Device Market Access 153
Market Environment 153
Distribution 153
Trade Organisations 154
Trade Fairs 154
Methodology 155
Table: Used HS Trade Codes, 2013 156
Table: Rearranged HS Trade Codes, 2013 158

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