Global Medical Devices Survey 2013-2014 - Market Trends, Buyer Spend and Procurement Strategies in the Global Medical Devices Industry

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Jul 08, 2013, 12:23 ET

NEW YORK, July 8, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Global Medical Devices Survey 2013-2014 - Market Trends, Buyer Spend and Procurement Strategies in the Global Medical Devices Industry
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Product Synopsis

"Global Medical Devices Survey 2013–2014: Market Trends, Buyer Spend and Procurement Strategies in the Global Medical Devices Industry" is a new report by ICD Research that analyzes how medical devices industry companies' procurement expenditures, business strategies, and practices are set to change in 2013–2014. Additionally, this report presents a comparative analysis between two years of survey results (wherever applicable). This report gives you access to the category-level spending outlooks, budgets, supplier selection criteria, business challenges, and investment opportunities of leading purchase decision makers; it also identifies the future growth of buyers and suppliers, M&A, capital expenditure, staff hiring, and e-procurement. This report not only grants access to the opinions and strategies of business decision makers and competitors, but also examines their actions surrounding business priorities, as well as access to information categorized by region, company type, and size.

Introduction and Landscape

Why was the report written?

This report is the result of an extensive survey drawn from ICD Research's exclusive panel of leading global medical devices industry executives; it provides data and analysis on buyer expenditure, procurement, and developments within the global medical devices industry. It includes key topics such as global medical devices industry buyer expenditure and procurement behaviors and strategies, and identifies the threats and opportunities within the global medical devices industry, economic outlook trends, and business confidence within global medical devices industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives' attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, ICD Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value-chain of the global medical devices industry.

What is the current market landscape and what is changing?

Executives from the global medical device industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2013.

What are the key drivers behind recent market changes?

M&A is driven by the need for favorable product development and commercial product performance, a surge in demand for more sophisticated medical equipment, high patient expectations, stringent legislation, and rising living standards.

What makes this report unique and essential to read?

This report is the result of an extensive survey drawn from ICD Research's exclusive panel of leading global medical devices industry executives; it provides data and analysis on buyer expenditure, procurement, and developments within the global medical devices industry. The report includes key topics such as global medical devices industry buyer expenditure and procurement behaviors and strategies, and identifies the threats and opportunities within the global medical devices industry, economic outlook trends, and business confidence within global medical devices industry executives. Additionally, this report presents comparative analysis between four years of survey results (wherever applicable).

Key Features and Benefits

Project industry trends and revenue growth expectations in 2013, and understand business confidence to make informed business decisions.
Drive revenues by understanding future product investment areas and key growth regions.
Uncover key challenges and opportunities, and identify the key actions required to maintain and win buyer business.
Formulate effective sales and marketing strategies by identifying how buyer budgets are changing and the direction of spending in the future. Better promote your business by aligning your capabilities and business practices with your customer's changing needs.
Secure stronger customer relationships by understanding the behavior and changing strategies of industry buyers.

Key Market Issues

According to medical device industry respondents, China, India, Brazil, Russia, and Eastern Europe are expected to offer the most growth opportunities for industry growth in 2013.
'Market uncertainty', 'responding to pricing pressure', and 'regulatory change' are the leading business concerns for the global medical devices industry in 2013.
Overall, for 2013, the average size of the annual procurement budget for global medical devices industry buyer respondents is projected at US$137.5 million, against US$55.5 million in 2012.
'Price', 'existing relationship with supplier', and 'level of service' are considered the most important factors for supplier selection in the global medical devices industry, while 'brand reputation', 'environmental records and CSR', and 'proximity of supplier operations' are considered the least important.
While 12% of buyer respondents from the global medical devices industry are willing to implement e-procurement in 2013 or beyond, 29% are already in different stages of implementation ('partially implemented' and 'evaluation or pilot use'.)

Key Highlights

An analysis of revenue growth expectations by senior level respondents reveals that 48% are 'more optimistic' about their company's revenue growth in 2013.
An analysis of responses by global medical devices manufacturers reveals that 'new product development' and 'employee training' will record significant increases in capital expenditure in 2013.
The top three key priorities in 2013 for medical device manufacturers include the introduction of 'new products and services', business 'expansion in current market', and 'expand geographical reach'.
A total of 43% of respondents from medical device manufacturing companies, 49% of respondents from medical device supplier companies anticipate an increase of their current workforce in 2013.
Survey results indicate that the top five developed countries expected to generate the most demand for the medical device industry in 2013 are Singapore, Taiwan and Hong Kong, the US, the UK, Germany, and South Korea.

1 Introduction
1.1 What is This Report About?
1.2 Definitions
1.3 Methodology
1.4 Profile of Survey Respondents: Global Medical Devices Industry
1.4.1 Profile of buyer respondents
1.4.2 Profile of supplier respondents
2 Executive Summary
3 Global Medical Devices Industry Dynamics
3.1 Global Medical Devices Industry: Revenue Growth Expectations
3.1.1 Global medical devices industry: revenue growth expectation by company type
3.1.2 Global medical devices industry: revenue growth expectations by region
3.1.3 Global medical devices industry: revenue growth expectations by turnover
3.1.4 Global medical devices industry: revenue growth expectations of senior level respondents
3.2 Global Medical Devices Industry: Future Developments in Business Structure
3.2.1 Global medical devices industry: future developments in business structure by buyers
3.2.2 Global medical devices industry: future developments in business structure by suppliers
3.3 Global Medical Devices Industry: Change in Company Strategies
3.3.1 Global medical devices industry: change in leading company strategies by buyers
3.3.2 Global medical devices industry: change in leading company strategies by suppliers
3.3.3 Global medical devices industry: change in leading company strategies by region
3.3.4 Global medical devices industry: change in leading company strategies by company turnover
3.4 Global Medical Devices Industry: Merger and Acquisition Activity Expectations
3.4.1 Global medical devices industry: merger and acquisition activity expectations by buyers
3.4.2 Global medical devices industry: merger and acquisition activity expectations by suppliers
3.4.3 Global Medical Devices Industry: Merger and acquisition activity expectations by region
3.4.4 Global medical devices industry: merger and acquisition activity expectations by company turnover
3.4.5 Global medical devices industry: expand geographical reach vs. MandA activity projections
3.5 Global Medical Devices Industry: Capital Expenditure Estimation
3.5.1 Global medical devices industry: capital expenditure estimation by buyers
3.5.2 Global medical devices industry: capital expenditure estimation by suppliers
3.5.3 Global medical devices industry: capital expenditure estimation by region
3.5.4 Global medical devices industry: capital expenditure estimation by company turnover
3.6 Global Medical Devices Industry: Planned Change in Staff Recruitment Activity
3.6.1 Global medical devices industry: planned change in staff recruitment activity by company type
3.6.2 Global medical devices industry: planned change in staff recruitment activity by region
3.6.3 Global medical devices industry: planned change in staff recruitment activity by company turnover
4 Global Medical Devices Market Growth Outlook
4.1 Global Medical Devices Industry: Demand in Emerging Markets
4.1.1 Global medical devices industry: demand in emerging markets by buyers
4.1.2 Global medical devices industry: demand in emerging markets by suppliers
4.1.3 Global medical devices industry: demand in emerging markets by region
4.1.4 Global medical devices industry: demand in emerging markets by company turnover
4.2 Global Medical Devices industry: Growth Expectations in Developed Countries
4.2.1 Global medical devices industry: growth expectations in developed countries by buyers
4.2.2 Global medical devices industry: growth expectations in developed countries by suppliers
4.2.3 Global medical devices industry: growth expectations in developed countries by region
4.2.4 Growth expectations in developed countries by company turnover
5 Threats and Opportunities for the Medical Devices Industry
5.1 Global Medical Devices Industry: Leading Business Concerns, 2013-2014
5.1.1 Global medical devices industry: leading business concerns by company type
5.1.2 Global medical devices industry: leading business concerns by region
5.1.3 Global medical devices industry: leading business concerns by company turnover
5.2 Global Medical Devices Industry: Key Supplier Actions to Maintain and Win Buyer Business
5.2.1 Global medical devices industry: actions to maintain and secure buyer business by buyers
5.2.2 Global medical devices industry: actions to maintain and secure buyer business by region
5.2.3 Global medical devices industry: actions to maintain and secure buyer business by turnover
5.2.4 Global medical devices industry: actions to maintain and secure buyer business by procurement budget
5.2.5 Global medical devices industry: actions to maintain and secure buyer business by purchasing decision authority
6 Global Medical Devices Industry Buyer Expenditure Activity
6.1 Global Medical Devices Industry: Annual Procurement Budgets
6.1.1 Global medical devices industry: annual procurement budgets vs. cost containment
6.1.2 Global medical devices industry: annual procurement budgets by region
6.1.3 Global medical devices industry: annual procurement budgets by company turnover
6.1.4 Global medical devices industry: annual procurement budgets in US$ by senior level respondents
6.2 Global Medical Devices Industry: Planned Change in Procurement Expenditure
6.2.1 Global medical devices industry: planned change in procurement expenditure vs. revenue growth optimism
6.2.2 Global medical devices industry: planned change in procurement expenditure by region
6.2.3 Global medical devices industry: planned change in procurement expenditure by company turnover
6.3 Global Medical Devices Industry: Planned Change in Procurement Expenditure by Product and Service Category
6.3.1 Planned change in procurement expenditure by product, and service category by region
6.3.2 Planned change in procurement expenditure by product and service category by company turnover
6.4 Global Medical Devices Industry: Variations in Regional Supplier Prices
6.4.1 Global medical devices industry: variations in regional supplier prices by region
6.4.2 Global medical devices industry: variations in regional supplier prices by company turnover
7 Global Medical Devices Industry Procurement Behaviors and Strategies
7.1 Global Medical Devices Industry: Critical Success Factors for Supplier Selection
7.1.1 Global medical devices industry: critical success factors by company type
7.2 Global Medical Devices Industry: E-Procurement
7.2.1 Global medical devices industry: procurement budget increase vs. e-procurement
7.2.2 Global medical devices industry: e-procurement by region
7.2.3 Global medical devices industry: e-procurement by company turnover
8 Appendix
8.1 Global Medical Devices Industry Full Survey Results
8.2 Methodology
8.3 Contact us
8.4 About ICD Research
8.5 Disclaimer

List of Tables
Table 1: Total Global Medical Devices Industry Survey Respondents by Company Type, 2013
Table 2: Global Medical Devices Industry Buyer Respondents by Job Role (%), 2013
Table 3: Global Medical Devices Industry Buyer Respondents by Global Company Turnover (%), 2013
Table 4: Global Medical Devices Industry Buyer Respondents by Region (%), 2013
Table 5: Global Medical Devices Industry Supplier Respondents by Job Role (%), 2013
Table 6: Global Medical Devices Industry Supplier Respondents by Global Turnover (%), 2013
Table 7: Global Medical Devices Industry Supplier Respondents by Region (%), 2013
Table 8: Global Medical Devices Industry: Revenue Growth Optimism (%), 2010-2013
Table 9: Global Medical Devices Industry: Revenue Growth Optimism by Company Type (%), 2010-2013
Table 10:Global Medical Devices Industry: Revenue Growth Optimism by Region (%), 2013
Table 11: Global Medical Devices Industry: Revenue Growth Optimism by Turnover (%), 2013
Table 12: Global Medical Devices Industry: Revenue Growth Optimism by Senior-Level (%), 2013
Table 13: Global Medical Devices Industry: Key Expected Changes In Business Structure (% Buyer Respondents), 2013
Table 14: Global Medical Devices Industry: Key Expected Changes In Business Structure (% Supplier Respondents), 2013
Table 15: Global Medical Devices Industry: Change in Leading Company Strategies by Buyers (%), 2013
Table 16: Global Medical Devices Industry: Change in Leading Company Strategies by Suppliers (%), 2013
Table 17: Global Medical Devices Industry: Change in Leading Company Strategies by Region (%), 2013
Table 18: Global Medical Devices Industry: Merger and Acquisition Activity Expectations by Buyers, 2010-2013
Table 19: Global Medical Devices Industry: Merger and Acquisition Activity Expectations by Suppliers, 2010-2013
Table 20: Global Medical Devices Industry: Merger and Acquisition Activity Expectations by Region, 2013
Table 21: Global Medical Devices Industry: Merger and Acquisition Activity Expectations by Company Turnover, 2013
Table 22: Global Medical Devices Industry: Expand geographical reach vs. MandA activity projections, 2013
Table 23: Global Medical Devices Industry: Capital Expenditure Estimation by Buyers (%), 2013
Table 24: Global Medical Devices Industry: Capital Expenditure Estimation by Suppliers (%), 2013
Table 25: Global Medical Devices Industry: Capital Expenditure Estimation by Suppliers (%), 2013
Table 26: Global Medical Devices Industry: Planned Change in Staff Recruitment Activity by Company Type (%), 2013
Table 27: Global Medical Devices Industry: Planned Change in Staff Recruitment Activity by Region (%), 2013
Table 28: Global Medical Devices Industry: Planned Change in Staff Recruitment Activity by Company Turnover (%), 2013
Table 29: Global Medical Devices Industry: Demand in Emerging Markets (% Buyer Respondents), 2013
Table 30: Global Medical Devices Industry: Demand in Emerging Markets (% Supplier Respondents), 2013
Table 31: Global Medical Devices Industry: Demand in Emerging Markets by Company Turnover (%), 2013
Table 32: Global Medical Devices Industry: Growth Expectations in Developed Countries by Buyers (%), 2013
Table 33: Global Medical Devices Industry: Growth Expectations in Developed Countries by Suppliers (%), 2013
Table 34: Global Medical Devices Industry: Growth Expectations in Developed Countries by Company Turnover (%), 2013
Table 35: Global Medical Devices: Leading Business Concerns (%), 2010-2013
Table 36: Global Medical Devices Industry: Leading Business Concerns by Company Type (%), 2013
Table 37: Global Medical Devices Industry: Leading Business Concerns by Region (%), 2013
Table 38: Global Medical Devices Industry: Leading Business Concerns by Company Turnover (%), 2013
Table 39: Global Medical Devices Industry: Securing Buyer Business, Buyer Responses (%), 2013
Table 40: Global Medical Devices Industry: Securing Buyer Business, Buyer vs. Supplier Responses (%), 2013
Table 41: Global Medical Devices Industry: Securing Buyer Business by Region (%), 2013
Table 42: Global Medical Devices Industry: Securing Buyer Business by Company Turnover (%), 2013
Table 43: Global Medical Devices Industry: Securing Buyer Business by Procurement Budget (%), 2013
Table 44: Global Medical Devices Industry: Annual Procurement Budgets of Buyers in US$ (%), 2010-2013
Table 45: Global Medical Devices Industry: Annual procurement budgets vs. cost containment (%), 2013
Table 46: Global Medical Devices Industry: Annual Procurement Budgets in US$ by Region(%), 2013
Table 47: Global Medical Devices Industry: Annual Procurement Budgets in US$ by Company Turnover (%), 2013
Table 48: Global Medical Devices Industry: Annual Procurement Budgets in US$ by Senior Respondents (%), 2013
Table 49: Global Medical Devices Industry: Planned Change in Total Procurement Expenditure of Buyers (%), 2010-2013
Table 50: Global Medical Devices Industry: Planned Change in procurement expenditure vs. revenue growth optimism (%), 2013
Table 51: Global Medical Devices Industry: Planned Change in Total Procurement Expenditure by Region (%), 2013
Table 52: Global Medical Devices Industry: Planned Change in Procurement Expenditure by Product and Service Category (%), 2013
Table 53: Global Medical Devices Industry: Variations in Regional Supplier Prices (%), 2013
Table 54: Global Medical Devices Industry: Variations in Regional Supplier Prices by Region (%), 2013
Table 55: Global Medical Devices Industry: Variations in Regional Supplier Prices by Company Turnover (%), 2013
Table 56: Global Medical Devices Industry: Critical Success Factors for Supplier Selection: Buyers vs. Suppliers (Index Score), 2013
Table 57: Global Medical Devices Industry: E-Procurement: Level of Implementation (%), 2013
Table 58: Global Medical Devices Industry: Procurement Budget Increase vs. E-Procurement (%), 2013
Table 59: Global Medical Devices Industry: E-Procurement: Level of Implementation by Region (%), 2013
Table 60: Global Medical Devices Industry: E-Procurement: Level of Implementation by Company Turnover (%), 2013
Table 61: Survey Results - Closed Questions

List of Figures
Figure 1: Global Medical Devices Industry: Revenue Growth Optimism (%), 2010-2013
Figure 2: Global Medical Devices Industry: Revenue Growth Optimism by Company (%), 2010-2013
Figure 3: Global Medical Devices Industry: Revenue Growth Optimism by Region (%), 2013
Figure 4: Global Medical Devices Industry: Revenue Growth Optimism by Turnover (%), 2013
Figure 5: Global Medical Devices Industry: Key Expected Changes In Business Structure (% Buyer Respondents), 2013
Figure 6: Global Medical Devices Industry: Key Expected Changes In Business Structure (% Supplier Respondents), 2013
Figure 7: Global Medical Devices Industry: Change in Leading Company Strategies by Buyers (%), 2013
Figure 8: Global Medical Devices Industry: Change in Leading Company Strategies by Suppliers (%), 2013
Figure 9: Global Medical Devices Industry: Change in Leading Company Strategies by Company Turnover (%), 2013
Figure 10: Global Medical Devices Industry: Merger and Acquisition Activity Expectations by Buyers, 2010-2013
Figure 11: Global Medical Devices Industry: Merger and Acquisition Activity Expectations by Suppliers, 2010-2013
Figure 12: Global Medical Devices Industry: Merger and Acquisition Activity Expectations by Region, 2013
Figure 13: Global Medical Devices Industry: Merger and Acquisition Activity Expectations by Company Turnover, 2013
Figure 14: Global Medical Devices Industry: Expand geographical reach vs. MandA activity projections, 2013
Figure 15: Global Medical Devices Industry: Capital Expenditure Estimation by Buyers (%), 2013
Figure 16: Global Medical Devices Industry: Capital Expenditure Estimation by Suppliers (%), 2013
Figure 17: Global Medical Devices Industry: Capital Expenditure Estimation by Region (%), 2013
Figure 18: Global Medical Devices Industry: Planned Change in Staff Recruitment Activity by Company Type (%), 2013
Figure 19: Global Medical Devices Industry: Planned Change in Staff Recruitment Activity by Region (%), 2013
Figure 20: Global Medical Devices Industry: Top Ten Growth Regions, 2013
Figure 21: Global Medical Devices Industry: Top Five Emerging Markets, 2014
Figure 22: Global Medical Devices Industry: Demand in Emerging Markets (% Buyer Respondents), 2013
Figure 23: Global Medical Devices Industry: Demand in Emerging Markets (% Supplier Respondents), 2013
Figure 24: Global Medical Devices Industry: Demand in Emerging Markets by Region (%), 2013
Figure 25: Global Medical Devices Industry: Top Five Developed Regions by Growth , 2013
Figure 26: Global Medical Devices Industry: Growth Expectations in Developed Countries by Buyers (%), 2013
Figure 27: Global Medical Devices Industry: Growth Expectations in Developed Countries by Suppliers (%), 2013
Figure 28: Global Medical Devices Industry: Growth Expectations in Developed Countries by Region (%), 2013
Figure 29: Global Medical Devices: Leading Business Concerns (%), 2010-2013
Figure 30: Global Medical Devices: Industry Top Five Leading Business Concerns (%), 2013-2013
Figure 31: Global Medical Devices Industry: Leading Business Concerns by Company Type (%), 2013
Figure 32: Global Medical Devices Industry: Securing Buyer Business, Buyer Responses (%), 2013
Figure 33: Global Medical Devices Industry: Securing Buyer Business, Buyer vs. Supplier Responses (%), 2013
Figure 34: Global Medical Devices Industry: Securing Buyer Business by Company Turnover (%), 2013
Figure 35: Global Medical Devices Industry: Securing Buyer Business by Purchasing Decision Authority (%), 2013
Figure 36: Global Medical Devices Industry: Annual Procurement Budgets of Buyers in US$ (%), 2010-2013
Figure 37: Global Medical Devices Industry: Annual Procurement Budgets in US$ by Region(%), 2013
Figure 38: Global Medical Devices Industry: Annual Procurement Budgets in US$ by Company Turnover (%), 2013
Figure 39: Global Medical Devices Industry: Annual Procurement Budgets in US$ by Senior Respondents (%), 2013
Figure 40: Global Medical Devices Industry: Planned Change in Total Procurement Expenditure of Buyers (%), 2010-2013
Figure 41: Global Medical Devices Industry: Planned Change in Total Procurement Expenditure by Region (%), 2013
Figure 42: Global Medical Devices Industry: Planned Change in Total Procurement Expenditure by Company Turnover (%), 2013
Figure 43: Global Medical Devices Industry: Top Five Product and Service Categories by Buyers, 2013
Figure 44: Global Medical Devices Industry: Planned Change in Procurement Expenditure by Product and Service Category (%), 2013
Figure 45: Global Medical Devices Industry: Planned Change in Procurement Expenditure by Product and Service Category of Buyers by Region (%), 2013
Figure 46: Global Medical Devices Industry: Planned Change in Procurement Expenditure by Product and Service Category of Buyers by Company Turnover (%), 2013
Figure 47: Global Medical Devices Industry: Variations in Regional Supplier Prices (%), 2013
Figure 48: Global Medical Devices Industry: Variations in Regional Supplier Prices by Region (%), 2013
Figure 49: Global Medical Devices Industry: Variations in Regional Supplier Prices by Company Turnover (%), 2013
Figure 50: Global Medical Devices Industry: Critical Success Factors for Supplier Selection: Buyers vs. Suppliers (Index Score), 2013
Figure 51: Global Medical Devices Industry: Critical Success Factors for Supplier Selection: Buyers vs. Suppliers (Index Score), 2013
Figure 52: Global Medical Devices Industry: E-Procurement: Level of Implementation (%), 2013
Figure 53: Global Medical Devices Industry: E-Procurement: Level of Implementation by Region (%), 2013
Figure 54: Global Medical Devices Industry: E-Procurement: Level of Implementation by Company Turnover (%), 2013