Now Available: The Medical Device Market: Australia

New Medical Devices market report from Espicom Business Intelligence: "The Medical Device Market: Australia"

by Bill Thompson

(WireNews+Co) - Boston, MA - 19 March 2013

Espicom’s in-depth medical device market reports are ideal for executives wanting to understand the key drivers in medical markets and have access to a wealth of statistical data.  Each report opens with an outlook section that provides analysis of the market, 5-year market forecasts, national data projections, market outlook and key developments such as regulation, health facilities and government policy.  The report also provides extensive background information, population trends, health status, health expenditure, organisation & administration, hospital services, medical personnel, healthcare development, market access information, trade data and essential industry contacts.  Included with the report are 3 free quarterly updated outlook reports, enabling you to keep up to date with market developments for a year.
Australia is one of the richest healthcare markets in the Asia-Pacific region. The market ranks as the 12th largest in the world, while per capita spending is on a par with European markets such as Germany or the Netherlands.

View Full Report Details and Table of Contents (http://www.fastmr.com/prod/538025_the_medical_device_market_australia.aspx?afid=201) (http://www.fastmr.com/prod/538025_the_medical_device_market_australia.aspx?afid=201)

Around 75% of the market is located in the three states of New South Wales, Victoria and Queensland, situated on the south and east coasts. Much of the rest of the country is very sparsely inhabited.

Healthcare provision is a mixture of public and private. Public expenditure is largely funded by the Commonwealth (central) Government, while private expenditure is largely funded through insurance.

While there are a few small high tech manufacturers, local production tends to concentrate on basic hospital supplies. The market is therefore predominantly supplied by imports, which have grown rapidly since 2001. Imports are principally supplied by the USA, with which Australia has developed close trading links.

In August 2011, after months of negotiation, the Commonwealth Government signed an agreement with all States and Territories to formalise the National Health Reform plan. Designed to improve funding to hospitals and to reduce patient waiting times, the plan will see the Commonwealth Government invest at least A$16.4 billion (US$16.0 billion) in additional funding for public hospitals. The Commonwealth Government will match 45% of efficient growth funding from July 2014, and 50% of efficient growth from July 2017.

Includes 3 quarterly updated outlook reports!

Please note: Report sections are periodically updated and some sections may have been updated more recently than the publication date given for the full report.

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