Overview

Alive and kicking: Product innovation is expected to drive industry revenue growth

IBISWorld’s Medical and Surgical Equipment Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Australia's ageing population is boosting demand for medical and surgical equipment
  • Wages have fallen as a share of revenue, aiding industry profitability over the past five years
  • Firms will benefit from greater capital expenditure from private healthcare services

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    Industry Analysis & Industry Trends

    The Medical and Surgical Equipment Manufacturing industry has grown modestly over the past five years. Industry revenue is expected to rise by an annualised 1.3% over the five years through 2016-17, driven by steadily rising demand from general hospitals and growing public health expenditure. While most Australian manufacturing industries are in decline due to high production costs and import competition from cheaper developing economies, local industry operators are beating the odds to make a profit. Major players such as ResMed and Cochlear have performed well over the past five years, driven by rising demand for their highly specialised medical equipment...

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    Industry Report - Industry Investment Chapter

    A moderate level of capital intensity characterises the industry. In 2016-17, for every dollar invested in capital, an estimated $3.43 is spent on wages. The industry requires highly skilled staff to operate advanced manufacturing equipment, and ensure medical and surgical equipment is made to an extremely high quality. Manufacturers are required to invest in expensive automated equipment, which increases their capital outlay requirements. Automated equipment and machinery typically improves productivity and increase firms’ economies of scale, which in turn reduces marginal costs and improves profit margins.

    Aside from initial investment, most capital expenditure is a result of firms’ investment in new businesses. Thi..

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    Additional Insights for the Medical and Surgical Equipment Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Medical and Surgical Equipment Manufacturing Industry are

  • Access to the latest available and most efficient technology and techniques
  • Having links with suppliers
  • Establishment of export markets
  • IBISWorld analysts also discuss how external factors such as US dollars per Australian dollar and Private capital expenditure on machinery and equipment in the Medical and Surgical Equipment Manufacturing industry impact industry performance..

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    Industry Products

    What is the Medical and Surgical Equipment Manufacturing Industry?

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

    Industry Products
    Medical and surgical instruments
    Medical and surgical equipment, supplies and appliances
    Dental equipment and supplies
    Hearing aids
    Medical, surgical and dental furniture
    Industry Activities
    Artificial eye, limb and joint
    Dental amalgam, instrument, chair, plaster and equipment
    Pacemaker and respirator
    First-aid equipment
    Hearing aid
    Hypodermic needle and syringe
    Magnetic resonance imaging equipment
    Medical diagnostic apparatus, equipment and ultrasound
    Surgical and electromedical equipment
    Veterinary instrument

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • US dollars per Australian dollar
  • Private capital expenditure on machinery and equipment
  • Demand from general hospitals
  • Population aged 50 and older
  • Public health expenditure

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue and profitability
  • Future funding
  • Product innovation
  • Table: Medical and Surgical Equipment Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Medical and Surgical Equipment Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • General Practice Medical Services
  • Dental Services
  • Veterinary Services
  • Health Services

  • Key Selling Industries
  • Audio Visual Electronic Equipment Manufacturing
  • Glass and Glass Product Manufacturing
  • Plastic Pipe and Plastic Packaging Material Manufacturing

  • Products & Services
  • Medical and surgical instruments
  • Hearing aids
  • Medical and surgical equipment, supplies and appliances
  • Dental equipment and supplies
  • Medical, surgical and dental furniture
  • Other
  • Chart: Medical and Surgical Equipment Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Wholesalers
  • Private medical practices and hospitals
  • Public hospitals
  • Government departments
  • Chart: Major Market Segmentation for the Medical and Surgical Equipment Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Medical and Surgical Equipment Manufacturing

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Medical and Surgical Equipment Manufacturing Industry

  • Industry Globalization
    Major Companies
    ResMed Holdings LimitedCochlear LimitedAbbott Australasia Pty LimitedBaxter Healthcare Pty Limited
  • Table: ResMed Holdings Limited - financial performance
  • Table: Cochlear Limited - financial performance
  • Table: Abbott Australasia Pty Limited - financial performance
  • Table: Baxter Healthcare Pty Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Medical and Surgical Equipment Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Medical and Surgical Equipment Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Dilatation
  • An abnormal enlargement of a body canal made for medical or surgical treatment.
  • Echocardiogram
  • An ultrasound image of the heart.
  • Forceps
  • A surgical instrument that can be used to grab or remove items during surgery.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Medical and Surgical Equipment Manufacturing:
    • 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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