Medical and Surgical Equipment Manufacturing in Australia - Market Research Report

Medical and Surgical Equipment Manufacturing industry trends (2014-2019)

poll Average industry growth 2014–2019: 5.9%

The Medical and Surgical Equipment Manufacturing industry has strongly grown over the past five years. While most Australian manufacturing industries are declining due to high production costs and import competition from countries with lower operating costs, local industry firms are growing and remaining profitable. Major players such as ResMed and Cochlear, which together account for over 50% of the industry, produce high-tech medical equipment for local and overseas markets. Exports to other OECD countries provide strong growth opportunities for industry operators. Almost a third of industry products are exported to the United States, which is the largest healthcare market in the world. Other countries with substantial health budgets also purchase...
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Medical and Surgical Equipment Manufacturing industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

The Medical and Surgical Equipment Manufacturing industry is anticipated to continue growing over the next five years. Changes in population demographics, anticipated strong demand from hospitals, and increased government funding to healthcare services are all set to boost industry revenue and profitability over the period. The Australian dollar is anticipated to remain weak over the next five years, ensuring that exports remain a key source of revenue for many industry operators. However, imports are projected to continue accounting for a high proportion of industry revenue due to strong competition from innovative overseas manufacturers. Industry revenue is forecast to rise at an annualised X.X% over the five years through XXX-XX, to $X.X billion....
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Medical and Surgical Equipment Manufacturing industry statistics

  • attach_money Market Size: $4bn
  • business Number of Businesses: 1,762
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 10,648

Biggest companies in the Medical and Surgical Equipment Manufacturing industry

The companies holding the largest market share in the Medical and Surgical Equipment Manufacturing in Australia industry include ResMed Holdings Pty Limited, Cochlear Limited and Baxter Healthcare Pty Limited.

  • pie_chart ResMed Holdings Pty Limited Market Share: x.x%
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  • pie_chart Cochlear Limited Market Share: x.x%
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  • pie_chart Baxter Healthcare Pty Limited Market Share: x.x%
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What is Medical and Surgical Equipment Manufacturing industry?

Industry Definition

Industry firms provide a range of commercial and domestic cleaning services. These services include specialised commercial and industrial cleaning services and the general cleaning of floors, windows and blinds in offices, factories, homes and other buildings. The industry excludes services such as carpet cleaning, shampooing services, steam cleaning and sandblasting building exteriors.

Industry Products and Services

  • Low-voltage cable
  • Telecommunications cable
  • High-voltage industrial cable
  • High-voltage power transmission cable
  • Low-voltage power distribution cable

Industry Activities

  • Bathroom and toilet cleaning
  • Building interior and exterior cleaning (excluding sandblasting and steam cleaning)
  • Chimney and duct cleaning
  • Gutter cleaning
  • Janitorial services
  • House and residential building cleaning
  • Office and commercial building cleaning
  • Road and street cleaning
  • Transport equipment cleaning
  • Window cleaning

Market research report - table of contents

Industry Definition

Industry firms primarily manufacture medical, surgical and dental equipment. Firms that mainly manufacture ophthalmic equipment are excluded from the industry.

Main Activities

  • Artificial eye, limb and joint manufacturing
  • Dental amalgam, instrument, chair, plaster and equipment manufacturing
  • Pacemaker and respirator manufacturing
  • First-aid equipment manufacturing
  • Hearing aid manufacturing
  • Hypodermic needle and syringe manufacturing
  • Magnetic resonance imaging equipment manufacturing
  • Medical diagnostic apparatus, equipment and ultrasound manufacturing
  • Surgical and electromedical equipment manufacturing
  • Veterinary instrument manufacturing

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

Industry operators engage in significant international trade, which makes them susceptible to exchange rate fluctuations. An appreciating Australian dolla...
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US dollars per Australian dollar
Private capital expenditure on machinery and equipment
Demand from public general hospitals
Population aged 50 and older

Current Performance

Export demand
Local market
Imported products
 Chart: Revenue Growth

Industry Outlook

Ageing population and import competition
 Table: Medical and Surgical Equipment Manufacturing in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Medical and Surgical Equipment Manufacturing in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

General Practice Medical Services in Australia
Dental Services in Australia
Veterinary Services in Australia
Health Services in Australia



Key Selling Industries

Plastic Pipe and Plastic Packaging Material Manufacturing in Australia
Glass and Glass Product Manufacturing in Australia
Audio Visual Electronic Equipment Manufacturing in Australia




Products & Services

Industry operators manufacture a range of products including hearing aids, medical and surgical instruments, medical and surgical equipment, supplies and ...
Wholesalers
Hospitals and medical practices




Demand Determinants

Capital expenditure on healthcare and social assistance affects demand for industry products. Physicians, dentists, mental health and substance abuse cent...
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Major Markets

Wholesalers
Hospitals and medical practices





 Chart: Major Market Segmentation for the Medical and Surgical Equipment Manufacturing in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The industry displays moderate market share concentration. In 2018-19, the industry’s three largest players are expected to account for almost 60% of tota...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Medical and Surgical Equipment Manufacturing in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Medical and Surgical Equipment Manufacturing in Australia - Market Research Report Industry

Industry Globalization

ResMed Holdings Pty Limited is a wholly owned subsidiary of ResMed Inc., a respiratory medical device manufacturer that specialises in products that help ...
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ResMed Holdings

 Table: ResMed Holdings - financial performance

Cochlear

 Table: Cochlear - financial performance

Baxter Healthcare

 Table: Baxter Healthcare - financial performance

Capital Intensity

A moderate level of capital intensity characterises the industry. In 2018-19, for every dollar invested in capital, an estimated $3.18 is spent on wages. ...
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 Chart: Level of Capital Intensity for the Medical and Surgical Equipment Manufacturing in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Medical and Surgical Equipment Manufacturing in Australia Industry

Industry Revenue (2007-2025)
Industry Gross Product (2007-2025)
Establishments (2007-2025)
Businesses (2007-2025)
Employment (2007-2025)
Exports (2007-2025)
Imports (2007-2025)
Wages (2007-2025)
Re-exports (2007-2025)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

COCHLEAR IMPLANT

ECHOCARDIOGRAM

FORCEPS

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Medical and Surgical Equipment Manufacturing industry?

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This report on Medical and Surgical Equipment Manufacturing in Australia:

  • Provides Market Size information to assist with planning and strategic decisions.
  • Includes the necessary information to perform SWOT, PEST and STEER analysis.
  • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
  • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.

The Medical and Surgical Equipment Manufacturing in Australia market research report includes:

  • Historical data and analysis for the key drivers of this industry
  • A five-year forecast of the market and noted trends
  • Detailed research and segmentation for the main products and markets
  • An assessment of the competitive landscape and market shares for major companies
  • And of course, much more

IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Medical and Surgical Equipment Manufacturing in Australia, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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