DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/d89gvp/the_medical) has announced the addition of the "The Medical Device Market: Ireland" report to their offering.
Ireland represents a small, but advanced medical device market, which was valued at an estimated EUR 603.9mn (USD 797.2 mn) in 2013. In US dollar terms, the market contracted between 2008 and 2013, but returned to growth in 2013 and is forecast to grow at a CAGR of 2.2 % in US dollars, to reach USD 888.3 mn in 2018. Ireland has a strong medical device manufacturing sector, and is an attractive location for US and other firms to use as a European base.
Ireland's medical device market is the smallest of the 15 key markets analysed in the WE region, accounting for 1.3% of the total value. The Irish market was valued at an estimated USD797.2mn in 2013, representing an 8.2% increase on 2012 in dollar terms. The market is forecast to grow at a CAGR of 2.2% in US dollars to reach USD888.3mn in 2018.
Medical device imports stood at USDUSD1.622.8mn in 2013, up from USD1,550.1mn in 2012. The running annual total reached USD1,942.1mn in the 12 months to January 2015, representing y-o-y growth of 13.9%. Patient aids and consumables are the largest product areas in terms of imports and these categories are subject to a high level of re-exporting.
Ireland is one of the world's leading exporters of medical devices due to the presence of a large number of US multinationals, which use the country as a European manufacturing base . Medical device exports grew from USD7.8bn in 2008 to USD9.8bn in 2013, representing a CAGR of 4.7%. Exports totalled USD9,882.3mn in the 12 months to January 2015, a y-o-y increase of 0.3%.
Domestic medical device manufacturing is dominated by US multinationals, which produce mainly for export. There is very little locally owned manufacturing of finished products, apart from a number of small high-tech companies many of which are connected to Irish universities and/or receive government funding.
Key Topics Covered:
2. Medical Device Market
3. Consumables Market Forecast
4. Diagnostic Imaging Market Forecast
5. Dental Products Market Forecast
6. Orthopaedics & Prosthetics Market Forecast
7. Patient Aids Market Forecast
8. Annual Medical Device Imports
9. Monthly Medical Device Imports
10. Annual Medical Device Exports
11. Monthly Medical Device Exports
12. Macroeconomic Forecasts
13. Industry Risk Reward Ratings
14. Market Overview
15. Healthcare Overview
16. Healthcare Activity
17. Industry Trends And Developments
18. Domestic Medical Device Manufacturing
19. Medical Device Market Access
20. Risk/Reward Ratings Methodology
For more information visit http://www.researchandmarkets.com/research/d89gvp/the_medical