MEDICAL
New Zealand
New Zealand's health system is comprised of public, private and voluntary sectors that combine and coordinate to provide and fund health care. More than 77.9% of health care is publicly (Government) funded. Private healthcare paid out over USD 380 million in claims in 2005/2006. The increased use of privately funded facilities provides additional opportunities for those exporting American medical products.
New Zealand’s aging population will increase demand for facilities such as retirement villages with on-site hospitals that will require not only medical services but also medical equipment. Orthopedic and other muscular-skeletal conditions will become the major cause of disability. The local market offers many opportunities for American manufacturers and service providers as approximately 50-60% of product in this sector is imported from the United States. It must be noted that regulations affecting medical devices and other therapeutic products could change significantly with the Australia New Zealand Therapeutic Products Authority. (ANZTPA) regulatory body scheduled to come into effect at the end of 2007.
Millions of US dollars 2004 2005 2006
Total Market Size 420 500 555
Total Local Production 50 50 50
Total Exports 20 20 20
Total Imports 420 480 520
Total Imports from the U.S. 210 250 280
Source: Statistics New Zealand.
Best Products/Services
1. Ambulatory and rehabilitative care
2. High technology diagnostic
Opportunities
NZ Trade Shows:
Pharmacy Expo - www.pharmacyexpo.co.nz
Auckland Showgrounds
June 2008
There is no Pharmacy Expo in 2007 as the NZ Pharmacy Guild is running a conference in Auckland In June 2007.
Resources
Australia New Zealand Therapeutic Products Authority www.tgamedsafe.org
Medical Industry Association: http://www.mianz.co.nz
Medsafe www.medsafe.govt.nz
New Zealand Statistics: http://www.stats.govt.nz