New Zealand - Country Commercial Guide
Healthcare

This is a best prospect industry sector for this country.  Includes a market overview and trade data.

Last published date: 2022-07-31

Overview

New Zealand’s healthcare system comprises public, private, and voluntary sectors.  Around 85% of New Zealand’s healthcare is government funded. 

New Zealand citizens receive free or subsidized healthcare.  Although the quality of care is very good, Maori, Pasifika, and people with disabilities are recorded as experiencing poorer health outcomes.  To address these inequalities, from July 1, 2022, the New Zealand government is launching a new entity called Health New Zealand, which will manage New Zealand’s public hospitals and the commissioning of primary and community health services.  The existing 20 District Health Boards will be replaced by four regional divisions.  Health New Zealand is expected to reduce complexity and waste on administrative duplication of non-health services as well as centralizing procurement requirements. 

The private healthcare system is dominated by Southern Cross Healthcare, which also runs a small network of hospitals and works closely with the public healthcare system.  There are several private chains specializing in geriatric care.

In May 2022, the government’s annual healthcare budget totaled approximately US$7 billion. The new expenditure will be prioritized for the redevelopment of several regional hospitals;  ambulance services (both road and helicopter) and new pharmaceuticals.

The United States is New Zealand’s largest source of healthcare products.

New Zealand’s healthcare sector is very receptive to U.S. technologies and is constantly seeking new solutions that can add value to a healthcare system under constant pressure to minimize costs while delivering rising standards of excellence.

Medical Devices Data:

 

2019

2020

2021

2022 Estimated

Total Local Production

(Estimated)

500

900

800

800

Total Exports

473.7

840.2

787.8

700

Total Imports

726.0

721.8

791.1

800

Total Imports from the US

228.0

222.9

265.6

200

Total Market Size

226.9

781.6

803.3

900

Exchange Rates

1.45

1.42

1.41

1.55

 

Unit: USD Millions

Source:  Source:   Global Trade Atlas (GTA)

 

 

Pharmaceutical Data:

 

2019

2020

2021

2022 Estimated

Total Local Production

(Estimated)

1000

1000

1000

1000

Total Exports

320.5

318.3

371.1

380

Total Imports

941.0

961.5

730.5

800.0

Imports from the US

 

127.2

113.7

158.8

200.00

Total Market Size

1,620.5

1646.2

1359.4

1420

Exchange Rates

1.45

1.42

1.41

1.55

 

Unit: USD Millions

Source:   Global Trade Atlas (GTA)

Leading Sub-Sectors

      AIR:  Ambulance Services

      ICT:  Digital Health

      MED:  Cardio and Orthopedic equipment

Opportunities

Climate Change:  New Zealand is required by law to be carbon neutral by 2050 (Zero Carbon Act).  This means the construction of new public buildings (including hospitals) must plan to reduce emissions as well as plan for climate changes and outcomes such as an increase in infectious diseases, chronic diseases, mental health, injuries, and deaths.  The healthcare sector is a high user of disposable items and energy including transport e.g., ambulances.

In general, New Zealand’s healthcare sector is receptive to new solutions that can add value to a healthcare system under pressure to minimize costs and deliver rising standards of excellence for its aging population. 

As New Zealand’s aging population increases, so does its public health funding for new and existing screening programs e.g., bowel screening, as well as diseases associated with aging including diabetic care and diet.  (One in three New Zealanders is currently categorized as obese.) 

Increased investment for people with physical, intellectual, or sensory impairments is targeted by the government as part of its well-being mandate.  Mental health awareness is extremely topical and offers opportunities in helping lower New Zealand’s suicides. 

Investment in this country’s digital health infrastructure and ambulance services (air and road) also offer opportunities for U.S. companies.  Additionally, telehealth and innovative technologies are important to leverage advances in communications and data managements as well as the rise of wearables and remote diagnostics.

Resources

Trade event:  There are various industry conferences, but no major healthcare trade shows in New Zealand.

New Zealand Government agencies active in this sector:

New Zealand private sector organizations active in this sector: