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Australia Medical Device Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
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Australia Medical Device Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 Australia Medical Devices/Equipment Market Approximately 80% of the medical devices used in Australia are imported and the domestic manufacturing industry is controlled by subsidiaries of large, global corporations. The Australia medical device market is mature, with a well-formed regulatory system and is one of the slowest-growing markets in the South Pacific region in coming years as market recovery will be slow through 2019 due to Australia's depreciating currency. The market was valued at USD 4 billion in 2016, down from USD 5 billion in 2014. However, Australia's aging population, Federal Budget initiatives, and willingness to adopt new technologies should stabilize the market despite its modest growth. Goldstein Research analyst forecast the Australia medical device market size is set to reach USD 4.56 billion by 2025, at a CAGR of 10% over the forecast years. Intelligent medical equipments are officially endorsed by many hospitals and medical institutions, as well as by consumers themselves, are adding confidence to the Australia medical device market.
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Australia Medical Device Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 Market Segmentation By Product Type •
Dental equipment and supplies
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Electro-medical equipment
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In-Vitro diagnostics
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Irradiation apparatuses
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Surgical and medical instruments
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Surgical appliances and supplies
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By Area Of Use •
Inpatient Care
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Outpatient Care
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Special Areas
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Patient Self-Monitoring
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Relative Medical Indication
By End User •
Hospitals
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Clinics
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Diagnostic Labs
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Homecare Settings
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Australia Medical Device Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
Based on Geography Sample Request • North America Interactive Robots Market(U.S. & Canada) {Market Share (%), Market Size (USD Billion)} • Latin America Interactive Robots Market (Brazil, Mexico, Argentina & Rest of Latin America) {Market Share (%), Market Size (USD Billion)} • Europe Interactive Robots Market (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden & RoE) {Market Share (%), Market Size (USD Billion)} • Asia-Pacific Interactive Robots Market (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) {Market Share (%), Market Size (USD Billion)} • Middle East & Africa Interactive Robots Market (GCC, South Africa, North Africa, RoMEA) {Market Share (%), Market Size (USD Billion)}
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Australia Medical Device Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 Sample Request
Market Size and Forecast (2016-2024)
Goldstein Research analyst forecast the Australia medical device market size is set to reach USD 4.56 billion by 2025, at a CAGR of 10% over the forecast years. Intelligent medical equipments are officially endorsed by many hospitals and medical institutions, as well as by consumers themselves, are adding confidence to the Australia medical device market.
Australian total healthcare spending in 2016 was over USD 137 billion and healthcare expenditures was 9.4% of total GDP which is distributed among government sector (67%) and private sector (33%). Australia's healthcare industry is sophisticated and receptive to new product. There is consistent demand for a full range of medical devices, particularly those intended to treat and manage age-related diseases. Imported devices are usually innovative and cost-effective, as the Australian market is motivated to control costs.
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Australia Medical Device Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 Scope Background Market Synopsis
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Market Segmentation Australia medical device market is segmented as follows: •
By Product Type (Market Size, Demand Analysis and Growth Analysis)
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By Area of USe (Market Size, Demand Analysis and Growth Analysis)
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By End-UserChannel (Market Size, Demand Analysis and Growth Analysis)
By Country •
North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}
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Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
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Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
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Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
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Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
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Rest of World {Market Size, Growth Analysis and Opportunity Analysis}
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Australia Medical Device Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 Market Dynamics: Growth Drivers, Restraints and Opportunities o Risk Factors o Regional Variations o Recent Trends and Developments
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Key Market Players o Synopsis o Business Strategy o Product Portfolio o SWOT Analysis Porter’s Five Force Model Market Landscape: Competition and Beyond Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem Expert Analysis Concluding Remarks Request for TOC @ https://www.goldsteinresearch.com/toc-request/australia-medical-devices-market-size Published By: Goldstein Research
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Australia Medical Device Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 About Goldstein Research Based in U.S., Goldstein Research is a young business consulting company and market research firm with vast reach across America, Asia and parts of Europe and the Middle East. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions. With 30+ domain experts and 50+ employees working day and night to crunch numbers and bring out the best and detailed market reports and forecasts, we strive to enable you to foresee upcoming market challenges and develop a robust business model and strategies, which would add to your profitability and market visibility as a brand. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Published By: Goldstein Research
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Australia Medical Device Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
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+91-120-473-0422, +91-844-785-9968 sales@goldsteinresearch.com
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Australia Medical Device Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
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