2014-02-07 10:43:01 - Medical and Surgical Equipment in Australia: ISIC 3311 - a new market research report on companiesandmarkets.com
The Australian market for medical and surgical equipment accounted for around 2% of the total world market at the end of the review period, with domestic sales increasing at an average annual rate of 9% over 2000-2010 to reach the value of more than A$8 billion by the end of the period.
Around 26% of the market was attributable to households´ purchases with this share being almost constant over the review period. Purchases for investment purposes accounted for 25% of total sales in 2010, down from 33% at the beginning of the review period. However, the leading buyers´ group in the market was commercial consumers, which in 2010 accounted for 47% of total sales, with this share rising by 11 percentage
points over the review period.
The government is the industry´s smallest purchaser of medical products, with over 2% of total products sold in the market. The overall reviewed market is regulated by the Therapeutic Goods Administration (TGA).
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