Industry Statistics and Trends
Market size and recent performance (2015-2030)
Industry revenue has declined at a CAGR of 1.7 % over the past five years, to reach an estimated $2.1bn in 2025.
Trends and Insights
Post-pandemic demand normalisation intensifies competition
- Market conditions have normalised following the pandemic-driven surge, forcing manufacturers to compete more intensely for slower-growing demand. The pandemic generated an exceptional surge in demand for ventilators, respiratory devices and monitoring equipment as hospitals globally scrambled to expand capacity, lifting export volumes and prices for New Zealand manufacturers. As vaccination rates rose and treatment protocols improved, emergency procurement tapered and customers unwound excess inventories.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2025-2030)
Market size is projected to grow over the next five years.
Trends and Insights
An ageing population sustains long-term demand for healthcare equipment
- An ageing population is expected to support long-term demand for medical, surgical and scientific equipment in New Zealand. People aged 65 and over now account for roughly 17% of the population. Stats NZ projections indicate this cohort will approach one million people and around one-fifth of the population by the late 2020s, with the 85-plus age group growing even faster over the coming decades. This will steadily expand the pool of high-need patients who rely heavily on diagnostic, monitoring and therapeutic devices.
Biggest companies in the Medical, Surgical and Scientific Equipment Manufacturing in New Zealand
| Company | Market Share (%)
2026 | Revenue ($m)
2026 |
|---|---|---|
Fisher & Paykel Healthcare | 963.6 |
To view the market share and analysis for all 1 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Medical and surgical equipment, Dental equipment and Other professional and scientific equipment. Medical and surgical equipment is the largest segment of the Medical, Surgical and Scientific Equipment Manufacturing in New Zealand.
Trends and Insights
Medical and surgical equipment remains the industry’s dominant revenue segment
- Medical and surgical equipment continues to account for the largest share of industry revenue, encompassing instruments, consumables, appliances and diagnostic equipment used across hospital, community and specialist care settings. This segment includes dressings, orthopaedic and prosthetic devices, surgical instruments, monitoring equipment and diagnostic technologies.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
The industry comprises manufacturers of medical, surgical and dental equipment, including instruments, devices and appliances used in healthcare settings. Industry participants also manufacture scientific, measurement and navigational equipment, like analytical instruments, precision measuring devices and professional scientific equipment, supplied to both domestic and international markets.
What's included in this industry?
Products and services covered in the Medical, Surgical and Scientific Equipment Manufacturing industry in New Zealand include Medical equipment manufacturing, Surgical instrument manufacturing, Hypodermic needle and syringe manufacturing, Denture manufacturing , Veterinary instrument manufacturing, Navigational equipment manufacturing, Aircraft instrument manufacturing and Barometer manufacturing.Companies
Companies covered in the Medical, Surgical and Scientific Equipment Manufacturing industry in New Zealand include Fisher & Paykel Healthcare.Purchase this report to view all 1 major companies in this industry.
Related Terms
Related terms covered in the Medical, Surgical and Scientific Equipment Manufacturing industry in New Zealand include barometer, sleep apnoea and ventilator.Industry Code
ANZSIC 2412 - Medical, Surgical and Scientific Equipment Manufacturing in New Zealand
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Import competition has stifled revenue growth. As competition heats up, imports are capturing a growing proportion of domestic demand. The New Zealand dollar’s depreciation h...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2015-2024) and forecast (2025-2030)
- Employees, including historical (2015-2024) and forecast (2025-2030)
- Businesses, including historical (2015-2024) and forecast (2025-2030)
- Profit, including historical (2015-2025)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Medical and surgical equipment sales have enabled secure revenue streams. Medical and surgical equipment are often seen as essential, so sales are aided by government funding...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2025
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2025
- Major market segmentation in 2025
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The Bay of Plenty region's access to critical international trade ports holds it in good stead. Manufacturers that import production inputs or export to lucrative foreign mar...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2025
Tables
- Number and share of establishments in each region in 2025
- Number and share of revenue each region accounts for in 2025
- Number and share of wages each region accounts for in 2025
- Number and share of employees in each region in 2025
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The threat of substitution is low for specialised industry equipment. However, this threat is more prominent for relatively generic goods and equipment, as downstream custome...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2020-2025
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Given the wide breadth of activity, the industry is highly fragmented. Outside of Fisher & Paykel Healthcare, most manufacturers serve small markets.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2021 through 2025
- Major companies in the industry, including market share, revenue, profit and profit margin in 2025
- Overview of Fisher & Paykel Healthcare's performance by revenue, market share and profit margin from 2019 through 2025
Detailed analysis
- Description and key data for Fisher & Paykel Healthcare, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Regulation is significant as equipment tends to be suited for particular purposes. Producers must meet strict regulations and standards before products can be delivered to en...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2015-2030)
- Assistance historical data and forecast (2015-2030)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Staff must be highly skilled to keep up with innovation in the technologically complicated manufacturing processes. Staff with distinguished skills and education are essentia...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2015-2030)
- Revenue per Employee (2015-2030)
- Revenue per Enterprise (2015-2030)
- Employees per Establishment (2015-2030)
- Employees per Enterprise (2015-2030)
- Average Wage (2015-2030)
- Wages/Revenue (2015-2030)
- Establishments per Enterprise (2015-2030)
- IVA/Revenue (2015-2030)
- Imports/Demand (2015-2030)
- Exports/Revenue (2015-2030)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2015-2030)
- IVA (2015-2030)
- Establishments (2015-2030)
- Enterprises (2015-2030)
- Employment (2015-2030)
- Exports (2015-2030)
- Imports (2015-2030)
- Wages (2015-2030)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Medical, Surgical and Scientific Equipment Manufacturing industry in New Zealand in 2025?
The market size of the Medical, Surgical and Scientific Equipment Manufacturing industry in New Zealand is $2.1bn in 2025.
How many businesses are there in the Medical, Surgical and Scientific Equipment Manufacturing industry in New Zealand in 2025?
There are 411 businesses in the Medical, Surgical and Scientific Equipment Manufacturing industry in New Zealand, which has grown at a CAGR of 0.9 % between 2020 and 2025.
How may import tariffs affect the Medical, Surgical and Scientific Equipment Manufacturing industry in New Zealand?
The Medical, Surgical and Scientific Equipment Manufacturing industry in New Zealand is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.
How may export tariffs affect the Medical, Surgical and Scientific Equipment Manufacturing industry in New Zealand?
The Medical, Surgical and Scientific Equipment Manufacturing industry in New Zealand is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Medical, Surgical and Scientific Equipment Manufacturing industry in New Zealand grown or declined over the past 5 years?
The market size of the Medical, Surgical and Scientific Equipment Manufacturing industry in New Zealand has been declining at a CAGR of 1.7 % between 2020 and 2025.
What is the forecast growth of the Medical, Surgical and Scientific Equipment Manufacturing industry in New Zealand over the next 5 years?
Over the next five years, the Medical, Surgical and Scientific Equipment Manufacturing industry in New Zealand is expected to grow.
What are the biggest companies in the Medical, Surgical and Scientific Equipment Manufacturing industry in New Zealand?
The biggest company operating in the Medical, Surgical and Scientific Equipment Manufacturing industry in New Zealand is Fisher & Paykel Healthcare
What does the Medical, Surgical and Scientific Equipment Manufacturing industry in New Zealand include?
Medical equipment manufacturing and Surgical instrument manufacturing are part of the Medical, Surgical and Scientific Equipment Manufacturing industry in New Zealand.
Which companies have the highest market share in the Medical, Surgical and Scientific Equipment Manufacturing industry in New Zealand?
The company holding the most market share in the Medical, Surgical and Scientific Equipment Manufacturing industry in New Zealand is Fisher & Paykel Healthcare.
How competitive is the Medical, Surgical and Scientific Equipment Manufacturing industry in New Zealand?
The level of competition is moderate and steady in the Medical, Surgical and Scientific Equipment Manufacturing industry in New Zealand.
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in New Zealand include:
- Statistics New Zealand
- New Zealand Company Register
- Ministry of Business, Innovation & Employment
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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