United Kingdom Medical Devices Report

Providing expert analysis, independent forecasts and competitive intelligence on the medical devices industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, Industry Risk Reward Index, Regulatory Development, Competitive Landscape and Regional and Country Industry Overviews.

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United Kingdom Medical Devices Report
Product Price
$1,295.00

BMI View: We maintain the UK will be one of the stronger performing markets in Western Europe despite the current pressure on sterling due to uncertainties surrounding the outcome of the referendum on UK membership of the EU , which will take place on June 23 2016 . The government has promised a minimum real terms increase in NHS funding in England over the next five years. Nevert heless, cost containment remains high on the agenda and efficiency measures will weigh on market growth.

Projected Medical Device Market, 2014-2019
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2014 11,315.6 178.2 6,899.8 108.7 0.61
2015 10,863.6 170.2 7,147.1 111.9 0.66
2016 12,108.0 188.6 7,382.9 115.0 0.61
2017 12,668.4 196.2 7,677.8 118.9 0.61
2018 13,338.6 205.5 7,987.2 123.1 0.60
2019 14,538.2 222.8 8,307.6 127.3 0.57

Latest Updates and Key Forecasts

  • We forecast that market will grow at a 2014-2019 US dollar CAGR of 5.1% making the UK the best performing market in our WE region. The market will remain the sixth largest in the world reaching USD14.5bn in 2019.

  • Import performance in US dollar terms will largely depend on the outcome of the vote on UK membership of the EU. Imports fell by 3.5% in US dollar terms in the 12 months to December 2015, but grew by 0.5% in the final quarter. In sterling terms, imports averaged mid single-digit growth in 2015.

  • We expect export performance will remain weak in 2016. Exports fell by 5.2% in US dollar terms in the 12 months to December 2015 and by 3.0% in the final quarter. In sterling terms, exports have averaged low single-digit growth.

  • The NHS is embracing digital initiatives to forward its evolution into a technologically astute organisation. The DigitalHealth.London Accelerator will support London's bid to become a start-up hub by removing the hurdles preventing growth of innovative healthcare businesses. The accelerator will complement the NHS' medical technology pilot schemes and digital transformation investment.

BMI Industry View
9
Table: Projected Medical Device Market, 2014-2019
9
Latest Updates and Key Forecasts
9
SWOT
10
Medical Device Market
10
Industry Forecast
13
Medical Device Market Forecast
13
Latest Updates
13
Structural Trends
13
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
15
Consumables Market Forecast
21
Latest Updates
21
Structural Trends
21
Bandages & Dressings
21
Suturing Materials
22
Syringes, Needles & Catheters
22
Other Consumables
22
Table: Consumables Market, 2009-2019 (USDmn)
23
Table: Consumables Market, 2010-2019 (USDmn % Change)
24
Diagnostic Imaging Market Forecast
26
Latest Updates
26
Structural Trends
26
Electrodiagnostic Apparatus
26
Radiation Apparatus
27
Imaging Parts & Accessories
27
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
28
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
29
Dental Products Market Forecast
31
Latest Updates
31
Structural Trends
31
Capital Equipment
31
Instruments & Supplies
32
Table: Dental Products Market, 2009-2019 (USDmn)
32
Table: Dental Products Market, 2010-2019 (USDmn % Change)
33
Orthopaedics & Prosthetics Market Forecast
35
Latest Updates
35
Structural Trends
35
Fixation Devices
36
Artificial Joints
36
Other Artificial Body Parts
36
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
37
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn, % Change)
37
Patient Aids Market Forecast
39
Latest Updates
39
Structural Trends
39
Portable Aids
39
Therapeutic Appliances
39
Table: Patient Aids Market, 2009-2019 (USDmn)
40
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
40
Other Medical Devices Market Forecast
42
Latest Updates
42
Structural Trends
42
Table: Other Medical Devices Market, 2009-2019 (USDmn)
43
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
44
Annual Medical Device Imports
46
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
49
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
51
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
52
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
54
Table: Detailed Medical Device Import Trends By Product Area, 2014
57
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
60
Monthly Medical Device Imports
64
Table: Monthly Medical Device Imports By Product Area, Year Ending December 2015 (USDmn)
64
Annual Medical Device Exports
65
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
69
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
70
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
71
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
73
Table: Detailed Medical Device Export Trends By Product Area, 2014
76
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
79
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
82
Monthly Medical Device Exports
86
Table: Monthly Medical Device Exports By Product Area, Year Ending December 2015 (USDmn)
86
Industry Risk/Reward Index
87
Table: WE Medical Device Risk/Reward Index, Q316
88
Market Overview
89
Medical Device Market Overview
89
Table: Medical Device Market, Key Ratios 2015
89
Table: Medical Device Market By Product Area, 2015
90
Healthcare Overview
91
Health Status
91
Healthcare System
91
Private Healthcare Providers
95
Healthcare Funding
96
Healthcare Resources
98
Table: Diagnostic Imaging Technology By Type, 2008-2013 (Units)
99
Table: Diagnostic Imaging Technology By Type, 2008-2013 (Rate/mn population)
99
Healthcare Activity
100
Healthcare Personnel
100
Key Healthcare Data
101
Table: Key Healthcare Data, 2010-2015
101
Industry Trends And Developments
103
Industry Trends & Developments
103
Regulatory Development
114
Medical Device Regulations
114
Competent Authority
114
Notified Bodies
115
Table: Notified Bodies & Directives, Annexes Covered
115
Regulatory Developments
116
EU Medical Device Regulations
118
Designated Authorities
118
Existing Regulations
118
Proposed Regulatory Changes
119
Medical Device Pricing & Reimbursement
122
Reimbursement
122
Procurement
125
NHS Supply Chain
126
NHS Procurement Development Programme
126
NHS Procurement Atlas of Variation
130
Health Technology Assessment
131
Competitive Landscape
132
Domestic Medical Device Production
132
Table: Medical Device Production By Product Area, 2010-2014 (EURmn)
132
Domestic Medical Device Manufacturing
136
National Medical Device Manufacturers
136
Advanced Medical Solutions
136
Penlon
137
Smith & Nephew
137
Table: Smith & Nephew, Key Financials, FY2011-2015
138
Smiths Medical
140
Table: Smiths Medical, Key Financials, FY2011-2015
140
Swann Morton
141
Multinational Medical Device Manufacturers
142
Acelity Systagenix
142
B
142
Becton Dickinson
143
DePuy Synthes
144
Getinge
145
Hill-Rom
147
Johnson & Johnson Medical
147
Olympus Medical
148
Siemens
149
Steris
150
Zimmer Biomet
151
Multinational Market Activity
152
Boston Scientific
152
Fresenius
152
GE Healthcare
152
Medtronic
153
Philips
153
Stryker
154
Medical Device Market Access
155
Trade Associations
155
Trade Shows
155
Methodology
156
Forecast Methodology
156
Trade Code Classifications
157
Table: Rearranged HS Trade Codes
158
Risk/Reward Index Methodology
161
Table: Medical Devices Risk/Reward Index Indicators
162
Sources
164
Contact
165

The United Kingdom Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a BMI Research's company. These forecasts and estimates focus on six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices.

Detailed product breakdown for market, trade and production data in United Kingdom provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the United Kingdom Medical Devices industry.

Key Benefits

  • Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for United Kingdom, to test analysis as it is a key input for budgeting and strategic business planning. Use our standardised data to gain a better understanding of market performance in United Kingdom.
  • Target Business Opportunities in the United Kingdom Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in United Kingdom.
  • Assess the activities and market position of your competitors via our assessments of domestic production, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.

Coverage

BMI Industry View

Provides industry, political and economic views. Briefly analyses the medical devices market, taking into account the latest industry forecasts, healthcare indicators and industry trends & developments.

SWOT

SWOT analyses of the medical devices market, the political environment, the economic landscape and the business environment.

Industry Forecasts

Evaluates and analyses the medical devices market in terms of historical and forecast trends, covering six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices. Additionally, presents annual and monthly import and export trade data.

Macroeconomic Forecasts

Presents macroeconomic forecasts impacting the medical devices market.

Industry Risk Reward Index

Risk Reward Indices tool, which provides a globally comparative and numerically based assessment of the medical devices market’s attractiveness.

Market Overview

Assesses the medical devices market in the current year. Additionally, covers healthcare trends shaping the market, focusing on health status, healthcare system, healthcare funding, healthcare resources, healthcare activity and healthcare personnel. Includes historical healthcare data.

Industry Trends & Developments

Analyses the latest industry trends and developments shaping the market, in terms of monthly trade performance, forecast trends, production changes, regulatory developments, competitive strategies, political events and economic performance.

Regulatory developments

A focus on government healthcare reforms, epidemiological trends, mergers and acquisitions, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.

Competitive Landscape

Values historical medical devices production, and analyses the presence of national and multinational manufacturers operating in the market. Also, compares the presence of leading multinational company operations, either via sales & marketing, distribution or manufacture. Finally, takes into account market access drivers, including major distribution channels, trade associations and trade shows.

Methodology

Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.