Measuring up: New Zealand's high-quality reputation has benefited industry players

Operators in the Medical, Surgical and Scientific Equipment Manufacturing industry have faced volatile trading conditions over the past five years. Industry firms manufacture a range of medical, surgical and scientific equipment, such as syringes, stethoscopes, dental equipment, ophthalmic equipment, thermometers, barometers, gauges and diagnostic imaging equipment. Manufacturers sell these products to export markets, healthcare and aged care service providers, wholesalers and other manufacturers. Several downstream sectors, including the medical services, agriculture, construction and engineering sectors use these products. The extensive range of end-users for industry products helps insulate the industry from economic downturns that affect a specific segment of the economy...read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 14-19
8.1%
Forecast Growth 19-24
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Profit
x.x%lock
Employment
4,436
Businesses
363
Market Share of Companies

Industry Threats & Opportunities

  • Population growth has boosted demand for medical and surgical equipment over the past five years
  • External competition has caused some firms to exit the industry over the past five years
  • Rising demand for healthcare services is forecast to boost demand for medical and surgical equipment

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    Industry Report - Industry Key Buyers Chapter

    The Medical, Surgical and Scientific Equipment Manufacturing industry displays moderate market share concentration. Fisher & Paykel Healthcare is the only company that holds significant market share, and the company is estimated to account for slightly over 40% of industry revenue in the current year. The scale and scope of the company allows it access to advanced technology and extensive research and development, which are typically required for medical equipment manufacturing. These advantages have led Fisher & Paykel Healthcare to continue to dominate the industry over the past five years. Other manufacturers typically specialise in specific technologies, which allows them to carve out a niche market, especially when exporting industry products. Ove...purchase to read more.

    Additional Insights for the Medical, Surgical and Scientific Equipment Manufacturing Industry

    IBISWorld has determined the most important Key Success Factors for the Medical, Surgical and Scientific Equipment Manufacturing are:

  • Access to the latest available and most efficient technology and techniques
  • Establishment of export markets
  • Establishment of brand names

    • IBISWorld analysts also discuss how external factors such as Demand from hospitals and Private capital expenditure on machinery and equipment in the Medical, Surgical and Scientific Equipment Manufacturing industry impact industry performance..

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    What's in this report

    Industry Products

    What is the Medical, Surgical and Scientific Equipment Manufacturing in New Zealand Industry?

    Industry operators primarily manufacture medical, surgical and dental equipment. Firms also manufacture measurement, navigational, and other scientific and professional equipment.

    Industry Products
  • Medical and surgical equipment
  • Dental equipment
  • Other professional and scientific equipment
    • Industry Activities
  • Medical equipment
  • Surgical instrument
  • Hypodermic needle and syringe
  • Denture
  • Veterinary instrument
  • Navigational equipment
  • Aircraft instrument
  • Barometer
  • Gas meter
  • Other medical, surgical and scientific equipment
    • 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
  • Demand from hospitals
  • Private capital expenditure on machinery and equipment
  • Public health expenditure
  • Trade-weighted index
  • Population aged 50 and older

    • Current Performance
  • Key drivers
  • Industry structure
  • International trade
  • Profit
  • Chart: Revenue Growth

    • Industry Outlook
  • Key drivers
  • International trade
  • Industry structure and profit
  • Table: Medical, Surgical and Scientific Equipment Manufacturing Industry Revenue Outlook

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

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • Professional and Scientific Goods Wholesaling in New Zealand
  • Hospitals in New Zealand
  • Dental Services in New Zealand
  • Agribusiness in New Zealand

    • Key Selling Industries
  • Rigid and Semi-Rigid Polymer Product Manufacturing in New Zealand

    • Products & Services
  • Medical and surgical equipment
  • Dental equipment
  • Other professional and scientific equipment
  • Chart: Medical, Surgical and Scientific Equipment Manufacturing Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • Export markets
  • Healthcare and aged care service providers
  • Other markets
  • Chart: Major Market Segmentation for the Medical, Surgical and Scientific 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, Surgical and Scientific Equipment Manufacturing

    • Basis of Competition
  • Internal competition
  • External competition

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

    • Industry Globalization

    Major Companies

    Fisher & Paykel Healthcare Corporation Limited,
  • Table: Fisher & Paykel Healthcare Corporation Limited - financial performance

    • Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Medical, Surgical and Scientific 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, Surgical and Scientific Equipment Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

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

    Jargon & Glossary

    Barometer
  • A scientific instrument used to measure atmospheric pressure
    • Internet Of Things
  • The intercommunication and exchange of data between connected devices, appliances and other items.
    • Ophthalmic Equipment
  • Products used to assess eye and sight problems, and diagnose eye diseases.
    • Sleep Apnoea
  • A sleep disorder characterised by period of shallow breathing or paused breathing during sleep.
    • What Our Customers Say
    Why buy this report?

    IBISWorld’s Medical, Surgical and Scientific Equipment Manufacturing in New Zealand market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    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, Surgical and Scientific Equipment Manufacturing in New Zealand:
    • 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, Surgical and Scientific Equipment Manufacturing in New Zealand 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, Surgical and Scientific Equipment Manufacturing in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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