Description
The Global Market for Medical Devices, 6th Edition
The publication of the sixth edition of Kalorama Information’s Global Market for Medical Devices coincides with a number of changes in the medical device market. A major merger between Medtronic and Covidien has changed market share position, and that merger was not unique. Companies in the device market are merging to build revenue growth and present combined offerings to hospital and physician customers. In Europe as well as the United States, reimbursement challenges and the threat of new legislation looms. Emerging markets once again helped to boost sagging revenues elsewhere, but even some emerging nations are not growing according to expectations.
As part of its market analysis, Global Market for Medical Devices includes discussion of
- Total Market 2014-2019
- Market by Region 2014
- Health Expenditure as Share of GDP, Select Countries
- US Market Forecast, 2014-2019
- Significant Country Device Markets (United States, Japan, Germany, China, France, United Kingdom, Italy, Spain, Chile, Canada, Australia, Mexico, South Korea, Turkey, Brazil)
- Estimated Revenues of Medical Device Market by Competitor
Global Market for Medical Devices examines specific device markets, describing trends and major companies in many fields. The report addresses device category segment markets, analyzing these to help render the total market for medical devices visible. Markets discussed include:
- Wheelchairs
- Defibrillators
- Pacemakers
- Medical Gloves
- Advanced Wound Care Devices
- Catheters
- Gastrointestinal Devices
- Minimally Invasive Surgery
- Patient Monitoring
- Dialysis
- MRI
- Ultrasound
- Hip and Knee Implants
- Medical Beds
- X-Ray and Digital X-Ray
- Intraocular Lens Devices
- Infusion Pumps
- Point of Care Tests
- Stents
- Respiratory Devices
- Critical Care
Further, the report discusses “bellwether companies.” Kalorama has isolated 15 bellwether companies based on revenues and also diversity of medical devices produced, so that changes merely in one area of devices have a mitigated impact on the industry forecast. These bellwether companies are
- Johnson and Johnson
- GE Healthcare
- Medtronic
- Philips
- Boston Scientific
- Becton Dickinson
- Stryker
- St. Jude Medical
- B. Braun
- Siemens
- Hill-Rom
- Smith & Nephew
- Covidien
- CareFusion
- Fresenius Medical
The report discusses as well mergers and acquisitions in selected segments. There were some 65 significant device market mergers and acquisitions in 2014 and early 2015.
The report concludes with 34 company profiles, noting revenues, product launches and selected products. Companies discussed include:
- Medtronic
- Johnson & Johnson
- St. Jude Medical
- Boston Scientific
- Stryker Corporation
- Smith & Nephew, Plc
- Becton Dickinson &Co.
- B. Braun
- Siemens Healthcare
- GE Healthcare
- Philips Healthcare
- Baxter International
- Cook Medical
- Mindray Medical
- Hill-Rom
- 3M Health Care
- Toshiba Medical Systems
- Hospira
- Fresenius
- CR Bard
- CareFusion
- Terumo Corporation
- Cardinal Health
- Biomet
- Dentsply
- Coloplast
- Paul Hartmann AG
- Teleflex Inc.
- Haemonetics
- Zimmer
- Varian Medical Systems
- PerkinElmer, Inc.
- Nobel Biocare
- Olympus Medical Systems
There are many estimates of the medical device market as a whole that have been published using various methodologies – export and import sales, unit estimates and price averaging – but Kalorama Information considers estimates of manufacturer revenues the most important and valid methodology for business planning. In many of the largest device markets, Kalorama Information has already conducted studies and has examined manufacturer revenue estimates, rendering the total market visible. This report was assembled using data from Kalorama Information’s previous medical device reports. Primary and secondary research was used. Research into company annual reports, trade publications, government and medical literature was used as a foundation. Interviews with executives at medical device companies were conducted and are a key source of estimates.
Table of Contents
ONE: EXECUTIVE SUMMARY
Top Companies
Mergers and Acquisitions
Medical Device Tax
Scope and Methodology
Conclusions
TWO: INTRODUCTION
Definition
Regulation in the US
Classification of Medical Devices
510(k) Process
FDA Launches Early Approval Program (EAP)
Regulation in the European Union
Regulation in Japan
Regulation in China
Trends in World Demographics
Global Aging Population
Group Purchasing Organizations
Unique Device Identifier (UDI)
FDA Fines
Hospital Market Update
A Look at Representative Hospital Chains
Leading For-Profit U.S. Hospital Chains, 2008 and 2010
Medical Device Tax
THREE: MERGERS AND ACQUISITIONS
Significant Device Industry Mergers and Acquisitions
BD to Acquire CareFusion
Medtronic Acquires Covidien
Zimmer to Acquire Biomet
Thermo Fisher Acquires Life Technologies
M&A in Selected Segments
Neurostimulation Devices
Orthopedic Devices
Implantable Infusion Pumps
Advanced Remote Patient Monitoring
IVD, Point of Care Market
FOUR: SPECIFIC DEVICE MARKETS
Market Size, Specific Medical Devices
Wheelchairs
Defibrillators
Pacemakers
Medical Gloves
Advanced Wound Care Devices
Compression and Composite Dressings
Negative Pressure Wound Therapy
Catheters
Gastrointestinal Devices
Minimally Invasive Surgery
Patient Monitoring
Dialysis
Home-Use Machines
Hemodialysis Blood Lines/Tubes
Dialyzer Market
MRI
Ultrasound
Hip and Knee Implants
Metal-on-Metal
Ceramic
Plastic
Products
Implants
Medical Beds
X-Ray and Digital X-Ray
Intraocular Lens Devices
Infusion Pumps
Point of Care Tests
Stents
Respiratory Devices
Critical Care Analysis
FIVE: BELLWETHER COMPANIES
Revenue Performance – 15 Bellwether Companies
US versus International Sales
Investment in Research and Development
SIX: MARKET ANALYSIS
Size and Growth
Market by Region
Market by Country
Ranking of Top Companies
SEVEN: COMPANY PROFILES
Medtronic
Covidien Merger
Divisional Performance
Cardiac and Vascular Group Division
Restorative Therapies Group
Diabetes Group
Acquisitions
Johnson & Johnson
Divesture of Ortho Clinical Diagnostics
Segment Results
Product Launches
Acquisitions
St. Jude Medical
Product Launches
Mergers and Acquisitions
Boston Scientific
Product Launches
Mergers and Acquisitions
Stryker Corporation
Acquisitions
Smith & Nephew, Plc
Acquisitions
Product Launches
Becton Dickinson &Co.
Product Launches
Mergers and Acquisitions
- Braun
Siemens Healthcare
Product Launches
GE Healthcare
Product Launches
Philips Healthcare
Mergers & Acquisitions
Baxter International
Product Launches
Cook Medical
Product Launches
Mindray Medical
Hill-Rom
Acquisitions
Product Launches
3M Health Care
Toshiba Medical Systems
Hospira
Fresenius
Financial Performance and Products
CR Bard
Product Launch
CareFusion
Terumo Corporation
Cardinal Health
Acquisitions
Biomet
Product Launches
Products and Services
Key Competitors
Growth Strategy
Locations
Dentsply
Coloplast
Product Launches
Paul Hartmann AG
Teleflex Inc.
Product Launches
Haemonetics
Acquisitions
Product Launches
Zimmer
Acquisitions
Growth Strategy
Product Launch
Varian Medical Systems
Product Launches
Acquisitions
PerkinElmer, Inc.
Product Launches
Acquisition
Nobel Biocare
Product Launches
Olympus Medical Systems
Product Launches
LIST OF EXHIBITS
ONE: EXECUTIVE SUMMARY
Figure 1-1: Global Medical Device Market, 2014-2019
Figure 1-2: Medical Device Market Share, 2014
Table 1-1: Medical Device Excise Tax Payment of Selected Industry Leaders, 2014
TWO: INTRODUCTION
Table 2-1: Approved Devices, 2013-2015
Figure 2-1: EU Competent Authorities
Figure 2-2: World Population, 2010 – 2050
Figure 2-3: Percent Population Over 65, 2010-2050
Table 2-2: GPOs in the United States
Figure 2-4: Example of a Simulated Unique Device Identifier (UDI)
Table 2-3: Compliance Dates for UDI Requirements
Figure 2-5: Number of Hospitals in the US, 1975-2014
Figure 2-6: HCA Corporation: Revenues, Salary Costs, Bad Debt, Supplies, 2012-2014
Figure 2-7: Tenet Corporation
Figure 2-8: Community Health Hospitals Corporation: Revenues, Salary Costs, Bad Debt,2012-2014
Figure 2-9: Net Income, HCA and Community Health ($billions), 2012-2014
Table 2-4: Medical Device Excise Tax Payment of Selected Industry Leaders, 2014
THREE: MERGERS AND ACQUISITIONS
Table 3-1: Mergers and Acquisitions in the Medical Device Market, 2014-2015
FOUR: SPECIFIC DEVICE MARKETS
Table 4-1: Global Markets for Specific Medical Devices, 2014-2019
Table 4-2: Selected Wheelchairs Available in the United States
Table 4-3: Selected Compression and Composite Dressings and Bandages Currently on the Market
Table 4-4: Selected Negative Pressure Wound Therapy Products Currently on the Market
Figure 4-1: Global Demand for Hemodialysis Blood Lines/Tubes, Units in Millions,2009-2014
Table 4-5: Dialyzer Reuse Trends by Country
Table 4-6: Selected Hip Products by Manufacturer, 2014
Table 4-7: Selected Knee Products by Manufacturer, 2014
FIVE: BELLWETHER COMPANIES
Table 5-1: Revenue Performance, Bellwether Companies, 2014 vs. 2013
Figure 5-1: Revenue Performance, Bellwether Companies’ Growth Rates, 2014
Table 5-2: Percent of Sales from US, 2013 and 2014
Table 5-3: Research and Development Spending, Bellwether Companies
Table 5-4: Research and Development Spending as a Percentage of Revenues, Bellwether Companies
SIX: MARKET ANALYSIS
Figure 6-1: Medical Device Market, 2014-2019
Figure 6-2: Medical Device Market by Region, 2014
Figure 6-3: Health Expenditure as Share of GDP, Select Countries
Figure 6-4: US Market Forecast, 2014-2019
Table 6-1: Significant Country Device Markets (United States, Japan, Germany, China,France, United Kingdom, Italy, Spain, Chile, Canada, Australia, Mexico, South Korea,Turkey, Brazil)
Figure 6-5: Estimated Revenues of Medical Device Market by Competitor
