New Zealand - Medical EquipmentNew Zealand - Medical Equipment
Overview
The Medical Equipment sector continues to offer high quality business and consulting opportunities for American suppliers. With ongoing changes in the structure of procurement channels and various competing opinions as to how this should be ideally managed, American suppliers of all sizes find a receptive market that seeks value-based outcomes and a distributor market that is sufficiently well-informed to market American products and services.
|
2016 |
2017 |
2018 |
2019 (Estimated) |
Total Local Production |
1000 |
1000 |
100 |
100 |
Total Exports |
801.4 |
875.2 |
91.2 |
90 |
Total Imports |
951.5 |
1,014.2 |
1,087.4 |
1100 |
Imports from the US |
286.7 |
298.9 |
321 |
350 |
Total Market Size |
1,114.1 |
1,139 |
1,096.2 |
1,110 |
Exchange Rates |
1.44 |
1.41 |
1.45 |
1.44 |
Unit: USD Millions
Source: Trade Policy Information System (TPIS), Common Data Platform
Leading Sub-Sectors
The Pharmaceutical Management Agency of New Zealand (PHARMAC) and Southern Cross Healthcare (the largest private insurer in New Zealand) prioritize the following sectors:
-
Oncology
-
Obesogenic and diabetic care, including remote management and telehealth solutions
-
Cardiovascular
-
Mental health
-
Renal
Opportunities
The New Zealand healthcare sector is very receptive to American technology and is constantly seeking new solutions that can add value to a healthcare system that is under relentless pressure to minimize costs while delivering rising standards of excellence.
Telehealth and innovative technologies are a key focus for the New Zealand Government as it seeks to leverage advances in communications and data management, as well as the rise of wearables and remote diagnostics. Several research and development units have been established that share ideas and opportunities and look to learn from partnership arrangements with American organizations and institutions.
Web Resources
Pharmac:
Southern Cross Healthcare:
Medical Technology Association of New Zealand:
New Zealand Ministry of Health:
Institution for Innovation & Improvement:
Stats New Zealand: