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Global Medical Devices Survey 2013-2014 - Market Trends, Buyer Spend and Procurement Strategies in the Global Medical Devices Industry
Date:7/11/2013

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: G
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