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 UK medical device market will continue to be one of the strongest performers in the region, with average US dollar growth of around 5% per annum forecast to 2019. The newly elected Conservative 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.

  • We believe that imports will return to US dollar growth in H215 on the back of a stronger pound following the decisive result in the May general election. Imports fell by 1.7% in US dollar terms in the 12 months to August 2015 and by 4.2% in the final quarter. In sterling terms, imports continue to average mid single-digit growth.

  • We believe that exports will struggle to return to growth in H215, particularly given the stronger pound against the euro, which will make UK products more expensive in eurozone markets. Exports fell by 4.9% in US dollar terms in the 12 months to August 2015 and by 6.0% in the final quarter. In sterling terms, imports continue to average low single-digit growth.

  • A cash injection of GBP3.8bn (USD5.7bn) for the NHS in 2016 will relieve pressure on hospitals and GP services and will fund additional operations, diagnostic tests and outpatient appointments.

BMI Industry View
9
SWOT
12
Medical Device Market
12
Political
13
Economic
14
Operational Risk
15
Industry Forecast
16
Medical Device Market Forecast
16
2014-2019 Performance
16
Table: Projected Medical Device Market, 2014-2019
17
2009-2014 Performance
19
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
20
Consumables Market Forecast
26
Bandages & Dressings
26
Suturing Materials
26
Syringes, Needles & Catheters
27
Other Consumables
27
Table: Consumables Market, 2009-2019 (USDmn)
27
Table: Consumables Market, 2010-2019 (USDmn % Change)
28
Diagnostic Imaging Market Forecast
30
Electrodiagnostic Apparatus
30
Radiation Apparatus
31
Imaging Parts & Accessories
31
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
32
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
33
Dental Products Market Forecast
35
Capital Equipment
35
Instruments & Supplies
36
Table: Dental Products Market, 2009-2019 (USDmn)
36
Table: Dental Products Market, 2010-2019 (USDmn % Change)
37
Orthopaedics & Prosthetics Market Forecast
38
Fixation Devices
39
Artificial Joints
39
Other Artificial Body Parts
39
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
40
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn, % Change)
40
Patient Aids Market Forecast
42
Portable Aids
42
Therapeutic Appliances
42
Table: Patient Aids Market, 2009-2019 (USDmn)
43
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
43
Other Medical Devices Market Forecast
45
Table: Other Medical Devices Market, 2009-2019 (USDmn)
45
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
47
Annual Medical Device Imports
49
Table: Medical Device Imports By Product Area, 2010-2014(USD000s)
53
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s, % Change)
54
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
55
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s, % Change)
56
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
58
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
59
Table: Detailed Medical Device Import Trends By Product Area, 2014
62
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
65
Monthly Medical Device Imports
69
Table: Monthly Medical Device Imports By Product Area, June 2012-May 2015 (USDmn)
69
Annual Medical Device Exports
71
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
75
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s, % Change)
76
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
78
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s, % Change)
79
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
81
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
82
Table: Detailed Medical Device Export Trends By Product Area, 2014
85
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
88
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
91
Monthly Medical Device Exports
95
Table: Monthly Medical Device Exports By Product Area, June 2012 - May 2015 (USDmn)
95
Macroeconomic Forecasts
97
Economic Analysis
97
Real GDP By Expenditure
100
Table: GDP By Expenditure (United Kingdom 2012-2019)
102
Industry Risk/Reward Index
103
Table: WE Medical Device Risk/Reward Index, Q415
104
Market Overview
105
Medical Device Market Overview
105
Table: Medical Device Market, Key Ratios 2014
106
Table: Medical Device Market By Product Area, 2014
107
Healthcare Overview
108
Health Status
108
Healthcare System
108
Private Healthcare Providers
113
Healthcare Funding
115
Healthcare Resources
118
Table: Medical Device Technology By Type, 2008-2013 (Units)
119
Table: Medical Device Technology By Type, 2008-2013 (Rate/mn population)
120
Healthcare Activity
120
Healthcare Personnel
121
Key Healthcare Data
121
Table: Key Healthcare Data, 2009-2014
121
Industry Trends And Developments
124
Industry Trends & Developments
124
Regulatory Development
138
Medical Device Regulations
138
Competent Authority
138
Notified Bodies
139
Table: Notified Bodies & Directives, Annexes Covered
139
Regulatory Developments
140
EU Medical Device Regulations
142
Designated Authorities
142
Existing Regulations
143
Proposed Regulatory Changes
144
Implications For The Industry
147
Medical Device Pricing & Reimbursement
150
Plans To Cut NHS Spending By GBP20bn In 2015
150
World Class Pricing & Procurement Capability By 2017
151
NHS Procurement Atlas of Variation
155
National Institute For Health And Care Excellence (NICE)
156
Competitive Landscape
157
Domestic Medical Device Production
157
Table: Medical Device Production By Product Area, 2010-2014 (EURmn)
157
Table: Medical Device Production By Product Area, 2010-2014 (USDmn)
160
Table: Medical Device Production By Product Area, 2010-2014 (% Total)
163
Domestic Medical Device Manufacturing
167
National Medical Device Manufacturers
167
Advanced Medical Solutions
167
Penlon
168
Smith & Nephew
168
Table: Smith & Nephew, Key Financials, FY2010-2014
170
Table: Smith & Nephew, Revenue By Business Segment And Geographic Area, FY2010-2014
170
Smiths Medical
171
Table: Smiths Medical, Key Financials, FY2010-2014
172
Table: Smiths Medical, Revenue By Business Segment, FY2010-2014
173
Swann Morton
173
Multinational Medical Device Manufacturers
175
Acelity Systagenix
175
B
175
Becton Dickinson
176
Biomet
176
DePuy Synthes
177
Getinge
178
Hill-Rom
180
Johnson & Johnson Medical
180
Olympus Medical
181
Siemens Healthcare
182
Steris
183
Multinational Market Activity
185
Table: Multinational Market Activity, 2015
185
Medical Device Market Access
188
Trade Associations
188
Table: Association Of British Healthcare Industries (ABHI) Members, 2014
188
Trade Shows
196
Methodology
198
Forecast Methodology
198
Trade Code Classifications
199
Table: Rearranged HS Trade Codes
200
Risk/Reward Index Methodology
203
Table: Medical Devices Risk/Reward Index Indicators
204
Sources
206
Contact
207

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.