Australia Medical Devices Market 2022-2027

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    AUSTRALIA MEDICAL DEVICES MARKET

     

    INTRODUCTION

     

    The Australian medical device market is developed, and its regulatory framework is well-established. However, in the upcoming years, it will have one of the South Pacific region’s slowest rates of growth.

     

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    A large percentage of the medical equipment used in Australia is imported. Subsidiaries of major international firms govern the nation’s industrial sector.

     

    The healthcare sector in Australia is developed and open to new products. A wide variety of medical devices are always in demand, especially those made to treat and control illnesses linked to ageing. Since the Australian market is driven by the need to manage costs, imported products are frequently cutting-edge and economical.

     

    Devices that treat chronic pain, and disabilities, and speed up healing are also in greater demand. From a regulatory perspective, the Australian market is relatively open to products that have previously received the CE Mark.

     

    AUSTRALIA MEDICAL DEVICES MARKET SIZE AND FORECAST

     

    The Australia Medical Devices Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.

     

    MARKET DYNAMICS

     

    New therapies for patients with diseases including epilepsy, Parkinson’s disease, hearing loss, stroke, and diabetes are expected to go forward more quickly with the opening of Australia’s first medical device development and production center in Melbourne.

     

    The Bionics Institute and the University of Melbourne recently opened a new facility called Neo-Bionica. It is a highly specialized laboratory that was specially designed with the most up-to-date cleanroom technology, cutting-edge robotic equipment, improved 3D printing, and highly precise equipment needed to develop prototypes and manufacture medical devices for clinical trials.

     

    Through commercialization, innovation, and research, Texas Medical Center (TMC) and Biodesign Australia will advance health and life science research. Founders and entrepreneurs will have access to talent, clinical trial activity, expanded funding opportunities, and market access thanks to the collaboration between TMC and Biodesign Australia.

     

    TMC Biodesign will be able to better connect with programmes in the Biodesign Australia network as a result of this partnership. An avenue for Australian digital health and medical device firms to interact with Texas Medical Center Innovation programmes and partners has been co-designed by the TMC | Australia Biobridge.

     

    Baxter Healthcare (Baxter), a world leader in clinical nutrition, and Micrel Medical Devices, a medical device firm specializing in infusion treatment, have announced a partnership for the sale of the Micrel Mini Rythmic PN+ infusion pump for parenteral nutrition (PN).

     

    According to the deal, Baxter Healthcare will be Australia and New Zealand’s sole distributor of the Micrel Mini Rythmic PN+ infusion pump and its accessories.

     

    NEW PRODUCT LAUNCH

     

    Braun Australia, a top supplier of cutting-edge medical goods and services for the healthcare sector, recently announced that it has joined forces with Demic Infection Control Stations (Demic ICS) in a strategic alliance to offer a cutting-edge hand hygiene solution for the international healthcare market.

     

    The partnership gives B. Braun exclusive distribution rights for Demics ICS’s Concierge hand sanitiser dispensing system, which will use B. Braun’s Softa-Man hand sanitisers, in the healthcare industry.

     

    For hygienic and surgical hand preparation, B. Braun’s Softa-Man antiseptic hand rub has been shown to be effective against bacteria including Methicillin-resistant Staphylococcus aureus (MRSA), mycobacteria, fungi, enveloped viruses, and rotavirus.

     

    COMPANY PROFILE

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. What is the average cost per Australia Medical Devices Market right now and how will it change in next 5-6 years?
    2. Average cost to set up a Medical Devices Market in Australia?
    3. How many Australia Medical Devices Market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    4. What is happening in the overall public, globally?
    5. Cost breakup of a Australia Medical Devices Market and key vendor selection criteria
    6. Where is the Australia Medical Devices Market manufactured? What is the average margin per equipment?
    7. Market share of Australia Medical Devices Market manufacturers and their upcoming products
    8. The most important planned Australia Medical Devices Market in next 2 years
    9. Details on network of major Australia Medical Devices Market and pricing plans
    10. Cost advantage for OEMs who manufacture Australia Medical Devices Market in-house
    11. 5 key predictions for next 5 years in Australia Medical Devices Market
    12. Average B-2-B Australia Medical Devices Market price in all segments
    13. Latest trends in Australia Medical Devices Market, by every market segment
    14. The market size (both volume and value) of Australia Medical Devices Market in 2022-2027 and every year in between?
    15. Global production breakup of Australia Medical Devices Market, by suppliers and their OEM relationship
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

     

     

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