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: The political and economic uncertainty following the UK's decision to leave the EU undermines the medical device market outlook in the short term. We have revised down our market forecasts to take account of slower economic growth, reduced funding, additional pricing pressures and the prospect of increased market barriers. Positive demographics, the growing incidence of chronic diseases, universal access to good quality healthcare services and government support for innovation and new technology acquisition will remain key market drivers boosting growth in the longer term.

Projected Medical Device Market, 2015-2020
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2015 10,969.5 169.5 7,175.7 110.9 0.65
2016 9,664.9 148.4 7,393.6 113.6 0.77
2017 10,002.1 152.7 7,601.6 116.0 0.76
2018 10,458.1 158.7 7,869.7 119.4 0.75
2019 10,880.0 164.1 8,160.0 123.1 0.75
2020 11,308.6 169.5 8,481.4 127.2 0.75

Latest Updates And Key Forecasts

  • We forecast the market will grow at a 2015-2020 CAGR of 3.5% in local currency terms and 0.6% in US dollar terms. The market will see local currency low single-digit growth in 2016 and 2017, but in US dollar terms it will contract for the second consecutive year in 2016 before returning to growth in 2017.

  • Import performance in US dollar terms will turn negative for the rest of 2016. Imports grew by 0.4% y-o-y to USD2.1bn in the three months to April 2016 with a rise of 5.9% in sterling terms. Imports fell by 2.7% to USD8.2bn in the 12 months to April 2016, but grew by 3.5% in sterling terms.

  • Export performance in US dollar terms will stay negative for the rest of 2016. Exports fell by 0.4% y-o-y to USD1.5bn in the three months to April 2016, but grew by 5.1% in sterling terms. In the 12 months to April 2016, exports fell by 4.0% to USD6.0bn, but grew by 2.1% in sterling terms.

  • We expect UK industry to remain resilient in the face of the fallout from the Brexit vote. Small to medium enterprises will be harder hit than larger companies, such as Smith & Nephew and Smiths Medical, which have extensive US operations. Siemens, which manufactures MRI magnets in the UK, has indicated that it remains committed to its UK manufacturing operations, but has called on Theresa May to clarify the UK's trade position as soon as possible to give business some certainty.

BMI Industry View
9
Table: Projected Medical Device Market, 2015-2020
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
16
Table: Detailed Medical Device Market By Product Area, 2010-2020 (USDmn)
17
Consumables Market Forecast
21
Latest Updates
21
Structural Trends
22
Bandages & Dressings
23
Suturing Materials
23
Syringes, Needles & Catheters
23
Other Consumables
23
Table: Consumables Market, 2010-2020 (USDmn)
24
Table: Consumables Market, 2011-2020 (USDmn % Change)
25
Diagnostic Imaging Market Forecast
26
Latest Updates
26
Structural Trends
27
Electrodiagnostic Apparatus
28
Radiation Apparatus
28
Imaging Parts & Accessories
28
Table: Diagnostic Imaging Market, 2010-2020 (USDmn)
29
Table: Diagnostic Imaging Market, 2011-2020 (USDmn % Change)
30
Dental Products Market Forecast
31
Latest Updates
31
Structural Trends
33
Capital Equipment
33
Instruments & Supplies
33
Table: Dental Products Market, 2010-2020 (USDmn)
34
Table: Dental Products Market, 2011-2020 (USDmn % Change)
35
Orthopaedics & Prosthetics Market Forecast
36
Latest Updates
36
Structural Trends
37
Fixation Devices
38
Artificial Joints
38
Other Artificial Body Parts
38
Table: Orthopaedics & Prosthetics Market, 2010-2020 (USDmn)
39
Table: Orthopaedics & Prosthetics Market, 2011-2020 (USDmn, % Change)
39
Patient Aids Market Forecast
40
Latest Updates
40
Structural Trends
41
Portable Aids
41
Therapeutic Appliances
42
Table: Patient Aids Market, 2010-2020 (USDmn)
42
Table: Patient Aids Market, 2011-2020 (USDmn % Change)
43
Other Medical Devices Market Forecast
44
Latest Updates
44
Structural Trends
46
Table: Other Medical Devices Market, 2010-2020 (USDmn)
47
Table: Other Medical Devices Market, 2011-2020 (USDmn % Change)
48
Annual Medical Device Imports
49
Table: Medical Device Imports By Product Area, 2011-2015 (USD000s)
53
Table: Medical Device Imports By Product Area, 2011-2015 (Local Currency 000s)
54
Table: Top 15 Medical Device Suppliers, 2015 (USD000s)
55
Table: Detailed Medical Device Imports By Product Area, 2011-2015 (USD000s)
56
Table: Detailed Medical Device Import Trends By Product Area, 2015
59
Table: Detailed Leading Medical Device Suppliers By Product Area, 2015 (USD000s)
62
Monthly Medical Device Imports
65
Table: Monthly Medical Device Imports By Product Area, Year Ending April 2016 (USDmn)
65
Annual Medical Device Exports
66
Table: Medical Device Exports By Product Area, 2011-2015 (USD000s)
70
Table: Medical Device Exports By Product Area, 2011-2015 (Local Currency 000s)
71
Table: Top 15 Medical Device Destinations, 2015 (USD000s)
72
Table: Detailed Medical Device Exports By Product Area, 2011-2015 (USD000s)
73
Table: Detailed Medical Device Export Trends By Product Area, 2015
76
Table: Detailed Leading Medical Device Destinations By Product Area, 2015 (USD000s)
79
Table: Detailed Medical Device Trade Balance, 2011-2015 (USD000s)
82
Monthly Medical Device Exports
85
Table: Monthly Medical Device Exports By Product Area, Year Ending April 2016 (USDmn)
85
Industry Risk/Reward Index
86
Table: WE Medical Device Risk/Reward Index, Q416
87
Market Overview
88
Medical Device Market Overview
88
Table: Medical Device Market, Key Ratios 2015
88
Table: Medical Device Market By Product Area, 2015
89
Healthcare Overview
90
Health Status
90
Healthcare System
90
Private Healthcare Providers
94
Healthcare Funding
95
Healthcare Resources
97
Table: Diagnostic Imaging Technology By Type, 2008-2013 (Units)
98
Table: Diagnostic Imaging Technology By Type, 2008-2013 (Rate/mn population)
98
Healthcare Activity
99
Healthcare Personnel
99
Key Healthcare Data
100
Table: Key Healthcare Data, 2010-2015
100
Industry Trends And Developments
102
Industry Trends & Developments
102
Regulatory Development
111
Medical Device Regulations
111
Competent Authority
111
Notified Bodies
112
Table: Notified Bodies & Directives, Annexes Covered
112
Regulatory Developments
113
EU Medical Device Regulations
114
Designated Authorities
114
Existing Regulations
114
New Regulations
115
Industry Response
116
Changes Impacting Notified Bodies
116
Medical Device Pricing & Reimbursement
117
Reimbursement
117
Procurement
120
NHS Supply Chain
121
NHS Procurement Development Programme
121
NHS Procurement Atlas of Variation
126
Health Technology Assessment
127
Competitive Landscape
128
Domestic Medical Device Production
128
Table: Medical Device Production By Product Area, 2011-2015 (EURmn)
128
Domestic Medical Device Manufacturing
132
National Medical Device Manufacturers
132
Advanced Medical Solutions
132
Penlon
133
Smith & Nephew
133
Table: Smith & Nephew, Key Financials, FY2011-2015
134
Smiths Medical
136
Table: Smiths Medical, Key Financials, FY2011-2015
136
Swann Morton
137
Multinational Medical Device Manufacturers
138
Acelity Systagenix
138
B
138
Becton Dickinson
139
DePuy Synthes
140
Getinge
141
Hill-Rom
143
Johnson & Johnson Medical
143
Olympus Medical
144
Siemens
145
Steris
146
Zimmer Biomet
147
Multinational Market Activity
148
Boston Scientific
148
Fresenius
148
GE Healthcare
148
Medtronic
149
Philips
149
Stryker
150
Medical Device Market Access
151
Trade Associations
151
Trade Shows
151
Methodology
152
Forecast Methodology
152
Trade Code Classifications
153
Table: Rearranged HS Trade Codes
154
Risk/Reward Index Methodology
157
Table: Medical Devices Risk/Reward Index Indicators
158
Sources
160
Contact
161

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.