The Global Market for Medical Devices, 4th Edition
Medical device makers faced challenging year in 2012. New taxes in the United States, financial tightening and regulatory threats in Europe. They consolidated, launched new devices and invested in R&D in response. In this report, The Global Market for Medical Devices, 4th. Edition, Kalorama Information analyzes the current device market in the United States, Europe, Asia and globally, profiles the key players and discusses trends important for market watchers to know.
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 categories for medical devices? How have taxes in the United States, which the industry started paying in 2013, affect company results and strategy? How is the European financial troubles affecting the industry? What competitive moves did they make in 2012? How have device companies fared in a weaker-than-expected recovery? What impact will US healthcare reform and its new taxes have on the industry in the largest medical device market?
This Kalorama Information report 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:
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.
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 categories for medical devices? How have taxes in the United States, which the industry started paying in 2013, affect company results and strategy? How is the European financial troubles affecting the industry? What competitive moves did they make in 2012? How have device companies fared in a weaker-than-expected recovery? What impact will US healthcare reform and its new taxes have on the industry in the largest medical device market?
This Kalorama Information report 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 2017
- Regional Breakout of Device Market (US, Europe, Asia, Rest of World)
- Medical Device Market in Significant Countries (US, China, Germany, Italy, France, Brazil, Japan)
- US Medical Device Excise Tax Impact
- A Detailed Look at GPOs
- 2012 Acquisitions and Mergers
- Discussion of Hospital Spending, Population and other Trends
- Revenues of Top Device Companies, 2011
- A Look at Key Device Category Segments (GI Equipment, MRI, Ultrasound, Patient Monitoring, Catheters, Imaging Equipment, Stents, Respiratory Equipment, Pacemakers and Other Areas)
- Profiles of Top Medical Device Companies
- Analyst's Conclusions Concerning the Current Device Market
- Johnson & Johnson
- GE Healthcare
- Stryker
- Medtronic
- Cook Medical
- Smith & Nephew
- Olympus
- Biomet
- Siemens Healthcare
- Toshiba Medical Systems
- CareFusion
- Mindray
- Haemonetics
- Baxter International
- Perkin Elmer
- Nobel Biocare
- Philips Healthcare
- Covidien
- Abbott Laboratories
- Becton Dickinson
- B. Braun
- St. Jude Medical
- 3M Healthcare
- Zimmer
- Hospira
- Danaher
- Terumo
- Fresenius Medical
- Owens & Minor
- Thermo Fisher Scientific Inc
- Smiths Medical
- Boston Scientific
- Roche
- CR Bard
- Dentsply
- Hill-Rom
- Coloplast
- Teleflex
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.
CHAPTER ONE: EXECUTIVE SUMMARY
Size of The Market And Forecast
Device Approvals
Top Companies
Mergers
Medical Device Tax
Scope And Methodology
Conclusions
CHAPTER TWO: INTRODUCTION
Definition
Classification Of Medical Devices
Categorization Of Medical Devices
Regulation
United States
Recent Device Approvals
501K Process
Who Has to Submit a 510(k)?
Who Does Not Need to Submit?
European Union
Japan
China
Medical Device Buyers
Trends
World Demographics
Global Aging Population
Mergers And Acquisitions
Danaher – Iris
Corning Buys Discovery Labware
ConvaTec Recovers From Failed KCI Attempt
Mindray Buys Local Competitor
Haemonetics -Pall
J&J Moves Into China
Asahi Kasei and Zoll Merger
Synovis Life Technologies
Teleflex-LMA
Medtronic Acquires Kanghui
Kensey Nash Purchase
CR Bard - Lutonix
AngioDynamics Purchases Rival
Medtronic Sells Physio-Control
Group Purchasing Organizations.
The History of GPOs
How GPOs Work
Group Purchasing Organizations and Medical Devices
MedAssets
Novation LLC
Premier Incorporated
HealthTrust Purchasing Group
Amerinet Incorporated
PDM Healthcare
Resource Optimization & Innovation
Conflict with Device Companies
Unique Device Identifier (UDI)
Healthcare Reform and Taxes
CHAPTER THREE: SPECIFIC DEVICE MARKETS
Market Size,Specific Medical Devices
Gastrointestinal Devices
Orthopedics
Prepackaged Surgical Kits
Catheters
Minimally Invasive Surgery
Patient Monitoring
Dialysis
MRI & ULtrasound
Medical Beds
X-Ray Markets
Eye Disease Markets:Equipment,Supplies, And Devices
Point Of Care Tests
Stents
Respiratory Devices
CHAPTER FOUR: BELLWETHER COMPANIES
Revenue Performance 2012 Vs. 2011
Us Versus International Sales
Investment In Research And Development
CHAPTER FIVE: MARKET ANALYSIS
A Challenged Hospital Market
U.S. Hospital Chains
U.S. Healthcare Challenges
Market Forecast
Market By Region
European Blues
Latin America
Market By Country
Revenues Of Top Companies
CHAPTER SIX : COMPANY PROFILES
Johnson &Johnson
Ge Healthcare
Siemens Healthcare
Carefusion
Medtronic
Baxter International
Philips Healthcare
Cook Medical
Covidien
Abbott Laboratories
Becton Dickinson &Co
Stryker
B. Braun
St.Jude Medical
Mindray Medical International Ltd
Hill-Rom
3M Health Care
Toshiba Medical Systems
Smith & Nephew
Hospira
Danaher
Terumo Corporation
Fresenius Medical
Cardinal Health
Owens &Minor
Thermo Fisher Scientific Inc
Boston Scientific
Roche
Biomet
CR Bard
Dentsply
Coloplast
Paul Hartmann AG
Teleflex
Haemonetics
Zimmer
Varian Medical Systems
Perkin Elmer, Inc.
Nobel Biocare
Olympus Medical Systems
LIST OF EXHIBITS
CHAPTER ONE: EXECUTIVE SUMMARY
Figure 1-1: Global Medical Device Market, 2010-2017
Figure 1-2: 2012-2103 Device Approvals by Category 1/2012-4/2103 (Cardio, Cosmetic,Ortho, Diagnostic, Eye Disease, Infusion, Imaging Gastro)
Figure 1-3: Estimated Market Share of Medical Device Market by Competitor
CHAPTER TWO: INTRODUCTION
Table 2-1: 2012-2013 Device Approvals, FDA
Table 2-2: World Population by Region
Figure 2-1: World Population by Region
Figure 2-2: World Population 1980-2050
Table 2-3: Population Over 65
Figure 2-3: Population Over 65
CHAPTER THREE: SPECIFIC DEVICE MARKETS
Table 3-1: Markets for Medical Devices, 2012
CHAPTER FOUR: BELLWETHER COMPANIES
Table 4-1: Revenue Performance, Bellwether Companies 2012 vs. 2011
Table 4-2: Revenue Performance, Bellwether Companies Growth Rate 2012
Figure 4-2: Revenue Performance, Bellwether Companies 2012 vs. 2011
Table 4-3: Percent of Sales in US, 2011 vs. 2010
Table 4-4: Increase and/or Decrease in R&D Spending, Bellwether Companies
CHAPTER FIVE: MARKET ANALYSIS
Table 5-1: U.S. Registered Hospitals by Type, 2011
Figure 5-1: Number of Hospitals in the US, 1975-2005, Estimated 2015
Table 5-2: Leading For-Profit U.S. Hospital Chains, 2008 and 2010
Table 5-3: Registered Hospitals and Acute Care Centers by Country
Figure 5-2: Medical Deevice Market, 2010-2017
Figure 5-3: Regional Breakout of Medical Device Market
Figure 5-4: Global Market Forecast (US and Non-US), 2010-2017
Figure 5-5: US Device Market Forecast, 2010-2017
Table 5-4: Significant Country Device Markets (US, UK, Australia, Brazil, Japan,Germany, China, Italy, France) $billions
Figure 5-5: Estimated Market Share of Medical Device Market by Competitor
Figure 5-6: Estimated Market Share of Medical Device Market by Competitor
Size of The Market And Forecast
Device Approvals
Top Companies
Mergers
Medical Device Tax
Scope And Methodology
Conclusions
CHAPTER TWO: INTRODUCTION
Definition
Classification Of Medical Devices
Categorization Of Medical Devices
Regulation
United States
Recent Device Approvals
501K Process
Who Has to Submit a 510(k)?
Who Does Not Need to Submit?
European Union
Japan
China
Medical Device Buyers
Trends
World Demographics
Global Aging Population
Mergers And Acquisitions
Danaher – Iris
Corning Buys Discovery Labware
ConvaTec Recovers From Failed KCI Attempt
Mindray Buys Local Competitor
Haemonetics -Pall
J&J Moves Into China
Asahi Kasei and Zoll Merger
Synovis Life Technologies
Teleflex-LMA
Medtronic Acquires Kanghui
Kensey Nash Purchase
CR Bard - Lutonix
AngioDynamics Purchases Rival
Medtronic Sells Physio-Control
Group Purchasing Organizations.
The History of GPOs
How GPOs Work
Group Purchasing Organizations and Medical Devices
MedAssets
Novation LLC
Premier Incorporated
HealthTrust Purchasing Group
Amerinet Incorporated
PDM Healthcare
Resource Optimization & Innovation
Conflict with Device Companies
Unique Device Identifier (UDI)
Healthcare Reform and Taxes
CHAPTER THREE: SPECIFIC DEVICE MARKETS
Market Size,Specific Medical Devices
Gastrointestinal Devices
Orthopedics
Prepackaged Surgical Kits
Catheters
Minimally Invasive Surgery
Patient Monitoring
Dialysis
MRI & ULtrasound
Medical Beds
X-Ray Markets
Eye Disease Markets:Equipment,Supplies, And Devices
Point Of Care Tests
Stents
Respiratory Devices
CHAPTER FOUR: BELLWETHER COMPANIES
Revenue Performance 2012 Vs. 2011
Us Versus International Sales
Investment In Research And Development
CHAPTER FIVE: MARKET ANALYSIS
A Challenged Hospital Market
U.S. Hospital Chains
U.S. Healthcare Challenges
Market Forecast
Market By Region
European Blues
Latin America
Market By Country
Revenues Of Top Companies
CHAPTER SIX : COMPANY PROFILES
Johnson &Johnson
Ge Healthcare
Siemens Healthcare
Carefusion
Medtronic
Baxter International
Philips Healthcare
Cook Medical
Covidien
Abbott Laboratories
Becton Dickinson &Co
Stryker
B. Braun
St.Jude Medical
Mindray Medical International Ltd
Hill-Rom
3M Health Care
Toshiba Medical Systems
Smith & Nephew
Hospira
Danaher
Terumo Corporation
Fresenius Medical
Cardinal Health
Owens &Minor
Thermo Fisher Scientific Inc
Boston Scientific
Roche
Biomet
CR Bard
Dentsply
Coloplast
Paul Hartmann AG
Teleflex
Haemonetics
Zimmer
Varian Medical Systems
Perkin Elmer, Inc.
Nobel Biocare
Olympus Medical Systems
LIST OF EXHIBITS
CHAPTER ONE: EXECUTIVE SUMMARY
Figure 1-1: Global Medical Device Market, 2010-2017
Figure 1-2: 2012-2103 Device Approvals by Category 1/2012-4/2103 (Cardio, Cosmetic,Ortho, Diagnostic, Eye Disease, Infusion, Imaging Gastro)
Figure 1-3: Estimated Market Share of Medical Device Market by Competitor
CHAPTER TWO: INTRODUCTION
Table 2-1: 2012-2013 Device Approvals, FDA
Table 2-2: World Population by Region
Figure 2-1: World Population by Region
Figure 2-2: World Population 1980-2050
Table 2-3: Population Over 65
Figure 2-3: Population Over 65
CHAPTER THREE: SPECIFIC DEVICE MARKETS
Table 3-1: Markets for Medical Devices, 2012
CHAPTER FOUR: BELLWETHER COMPANIES
Table 4-1: Revenue Performance, Bellwether Companies 2012 vs. 2011
Table 4-2: Revenue Performance, Bellwether Companies Growth Rate 2012
Figure 4-2: Revenue Performance, Bellwether Companies 2012 vs. 2011
Table 4-3: Percent of Sales in US, 2011 vs. 2010
Table 4-4: Increase and/or Decrease in R&D Spending, Bellwether Companies
CHAPTER FIVE: MARKET ANALYSIS
Table 5-1: U.S. Registered Hospitals by Type, 2011
Figure 5-1: Number of Hospitals in the US, 1975-2005, Estimated 2015
Table 5-2: Leading For-Profit U.S. Hospital Chains, 2008 and 2010
Table 5-3: Registered Hospitals and Acute Care Centers by Country
Figure 5-2: Medical Deevice Market, 2010-2017
Figure 5-3: Regional Breakout of Medical Device Market
Figure 5-4: Global Market Forecast (US and Non-US), 2010-2017
Figure 5-5: US Device Market Forecast, 2010-2017
Table 5-4: Significant Country Device Markets (US, UK, Australia, Brazil, Japan,Germany, China, Italy, France) $billions
Figure 5-5: Estimated Market Share of Medical Device Market by Competitor
Figure 5-6: Estimated Market Share of Medical Device Market by Competitor
Back in 2004, the small boom in hospital mergers began to slow down, and economic growth boosted the country overall. This led to a situation where the number of hospitals deciding to join up with each other dropped dramatically. To appreciate the scale of this change, it is worth while noting that over 200 hospital merger transactions occurred in 1996. By the time 2004 appeared, this figure had dropped to under 50. This heady level of fluctuation meant that some hospitals saw more danger a head, but for a while everything was quieter on the merger front.
The number of hospital mergers is increasing. While this, at first sight, may seemlike a sign that things are becoming difficult again for hospitals, it could also mean that merged hospitals have increased buying power, which can only lead to better outcomes for patients, as they buy in newer equipment and processes that add value to the patientexperience overall. So this means that, while the number of mergers is certainly not decreasing, it is not entirely a bad thing from the patient’s point of view. In addition, any company that supplies equipment to hospitals may now find, for example, that there is more money flying around as hospitals that are literally bigger find their needs becoming more complex.
Hospitals are having trouble collecting payments for the care that they provide.
This is nothing new and it does not seem to be getting any better. However, it is not all gloom and doom, with some hospitals stepping up to the challenge and trying their best to think creatively about how they can secure payments from patients and insurers.
