Global Medical Devices Survey 2013-2014 - a Report on Market Trends, Buyer Spend and Procurement...

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Global Medical Devices Survey

2013-2014 - Market Trends,

Buyer Spend and Procurement

Strategies in the Global Medical

Devices Industry

Category : Medical Devices

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Introduction to Report

Launch Date: June 29, 2013

Number of Pages: 129

Geography Coverage: Global

Available Format: PDF

Price For Single User License: USD 2,000

Price For Site License: USD 4,000

Price For Global User License: USD 6,000

Delivery Time: Within 24 Hours (During Working Days)



About the Report

This report analyzes how medical devices industry companies procurement expenditures, business strategies, and practices are set to change in 2013-2014.

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.



Research Findings

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.

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.

Secure stronger customer relationships by understanding the behavior and changing strategies of industry buyers.



Key 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.



Key issues Continued…

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.



Key Highlights Continued…

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.



Topics Covered in Report

1. Global Medical Devices Industry Dynamics2. Global Medical Devices Market Growth Outlook3. Threats and Opportunities for the Medical Devices

Industry4. Global Medical Devices Industry Buyer Expenditure

Activity5. Global Medical Devices Industry Procurement

Behaviors and Strategies

For more details regarding Report coverage see the last slide




Company Coverage (Partial List)

For more details regarding company coverage and TOC see the last slide




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Global Medical Devices Survey 2013-2014 - a Report on Market Trends, Buyer Spend and Procurement...

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Transcript of Global Medical Devices Survey 2013-2014 - a Report on Market Trends, Buyer Spend and Procurement...