United Kingdom Medical Devices Report

Published 28 May 2015

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$1,295.00
United Kingdom Medical Devices Report

BMI Industry View: The UK medical device market continues to be one of the strongest performers in the region , with growth of around 7% per annum forecast to 2018. This growth could however be tempered slightly if the Department of Health's efficiency programme is successfully implemented, as it aims to radically change the pricing, supply chain and procurement of medical devices in the NHS with the introduction of bar-coding and a single price comparison mechanism throughout the country amongst the initiatives on the cards. The programme will start with a couple of NHS trusts and the target for complete roll out is 2017.

Headline Industry Forecasts

  • The UK has one of the largest medical device markets in the world, valued at USD10.2bn in 2013. The market is the sixth largest in the world and third largest in Europe. Per capita expenditure was equal to USD162 in 2013. We forecast that the UK market for medical devices will increase at a 2003-2018 Us dollar CAGR of 6.8% to attain a value of USD14.2bn.

  • A significant portion of the market, around 75% of the total, is made up of imports, which in US dollar terms grew by 7.3% in 2013 and by around 8.2% in 2014 to reach USD8.5bn. However, growth in Q414 was only 0.6% with negative growth in the early part of 2015 due to a decline in the value of the pound against the dollar. We believe that imports will return to growth in H215 on the back of a stronger pound following the decisive result in the May general election.

  • The UK is a significant global exporter of medical devices and remains among the world's top 10. In the 2008-2013 period, the US dollar CAGR was -1.3%, reflecting contractions in 2009 and 2012. Exports returned to growth in 2013 posting a7.4% rise followed by a 4.4% rise in 2014 taking the value to USD6.3bn. However, further currency fluctuations have meant US dollar growth was negative in Q414 and the early part of 2015. We believe that exports will struggle to return to growth in 2015,...

BMI Industry View
9
SWOT
13
Medical Device Market
13
Political
14
Economic
15
Operational Risk
16
Industry Forecast
17
Medical Device Market Forecast
17
2008-2013 Performance
17
Table: Projected Medical Device Market, 2013-2018
19
Table: Detailed Medical Device Market By Product Area, 2008-2018 (USDmn)
20
Consumables Market Forecast
25
Bandages & Dressings
25
Suturing Materials
25
Syringes, Needles & Catheters
25
Other Consumables
26
Table: Consumables Market, 2008-2018 (USDmn)
26
Table: Consumables Market, 2009-2018 (USDmn % Change)
27
Diagnostic Imaging Market Forecast
28
Electrodiagnostic Apparatus
29
Radiation Apparatus
29
Imaging Parts & Accessories
30
Table: Diagnostic Imaging Market, 2008-2018 (USDmn)
30
Table: Diagnostic Imaging Market, 2009-2018 (USDmn % Change)
31
Dental Products Market Forecast
32
Capital Equipment
32
Instruments & Supplies
33
Table: Dental Products Market, 2008-2018 (USDmn)
33
Table: Dental Products Market, 2009-2018 (USDmn % Change)
34
Orthopaedics & Prosthetics Market Forecast
35
Fixation Devices
36
Artificial Joints
36
Other Artificial Body Parts
36
Table: Orthopaedics & Prosthetics Market, 2008-2018 (USDmn)
36
Table: Orthopaedics & Prosthetics Market, 2009-2018 (USDmn, % Change)
37
Patient Aids Market Forecast
38
Portable Aids
38
Therapeutic Appliances
38
Table: Patient Aids Market, 2008-2018 (USDmn)
38
United Kingdom Medical Devices Report Q3 2015
United Kingdom Medical Devices Report Q3 2015
- Business Monitor International Ltd Page 4
- Business Monitor International Ltd Page 4
Table: Patient Aids Market, 2009-2018 (USDmn % Change)
39
Other Medical Devices Market Forecast
41
Table: Other Medical Devices Market, 2008-2018 (USDmn)
41
Table: Other Medical Devices Market, 2009-2018 (USDmn % Change)
43
Annual Medical Device Imports
45
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s)
49
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s, % Change)
50
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
51
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s, % Change)
52
Table: Top 20 Medical Device Suppliers, 2013 (USD000s)
54
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (USD000s)
55
Table: Detailed Medical Device Import Trends By Product Area, 2013
58
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (USD000s)
61
Monthly Medical Device Imports
65
Table: Monthly Medical Device Imports By Product Area, March 2012-February 2015 (USDmn)
65
Annual Medical Device Exports
67
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s)
70
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s, % Change)
71
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
72
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s, % Change)
73
Table: Top 20 Medical Device Destinations, 2013 (USD000s)
75
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (USD000s)
76
Table: Detailed Medical Device Export Trends By Product Area, 2013
79
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (USD000s)
82
Table: Detailed Medical Device Trade Balance, 2009-2013 (USD000s)
85
Monthly Medical Device Exports
89
Table: Monthly Medical Device Exports By Product Area, March 2012 - February 2015 (USDmn)
89
Macroeconomic Forecasts
91
Economic Analysis
91
Households Need Wage Growth To Maintain Pace
92
Still Awaiting The Fixed Investment Recovery
93
Table: GDP By Expenditure (United Kingdom 2012-2019)
95
Industry Risk/Reward Index
96
Table: WE Medical Device Risk/Reward Index, Q315
97
Market Overview
98
Medical Device Market Overview
98
Table: Medical Device Market, Key Ratios 2013
99
Table: Medical Device Market By Product Area, 2013
100
Healthcare Overview
101
Health Status
101
Healthcare System
101
Private Healthcare Providers
106
Healthcare Funding
108
Healthcare Resources
110
Table: Medical Device Technology By Type, 2008-2013 (Units)
111
United Kingdom Medical Devices Report Q3 2015
United Kingdom Medical Devices Report Q3 2015
- Business Monitor International Ltd Page 5
- Business Monitor International Ltd Page 5
Table: Medical Device Technology By Type, 2008-2013 (Rate/mn population)
112
Healthcare Activity
112
Healthcare Personnel
113
Key Healthcare Data
113
Table: Key Healthcare Data, 2009-2014
113
Industry Trends And Developments
116
Industry Trends & Developments
116
Regulatory Development
130
Medical Device Regulations
130
Competent Authority
130
Notified Bodies
131
Table: Notified Bodies & Directives, Annexes Covered
131
Regulatory Developments
132
EU Medical Device Regulations
135
Designated Authorities
135
Existing Regulations
135
Proposed Regulatory Changes
136
Implications For The Industry
139
Medical Device Pricing & Reimbursement
141
Plans To Cut NHS Spending By GBP20bn In 2015
141
World Class Pricing & Procurement Capability By 2017
142
NHS Procurement Atlas of Variation
146
National Institute For Health And Care Excellence (NICE)
147
Competitive Landscape
148
Domestic Medical Device Production
148
Table: Medical Device Production By Product Area, 2009-2013 (EURmn)
148
Table: Medical Device Production By Product Area, 2009-2013 (USDmn)
151
Table: Medical Device Production By Product Area, 2009-2013 (% Of Total)
154
Domestic Medical Device Manufacturing
159
National Medical Device Manufacturers
159
Advanced Medical Solutions
159
Penlon
160
Smith & Nephew
160
Table: Smith & Nephew, Key Financials, FY2010-2014
162
Table: Smith & Nephew, Revenue By Business Segment And Geographic Area, FY2010-2014
162
Smiths Medical
163
Table: Smiths Medical, Key Financials, FY2010-2014
164
Table: Smiths Medical, Revenue By Business Segment, FY2010-2014
165
Swann Morton
165
Multinational Medical Device Manufacturers
167
Acelity Systagenix
167
B
167
Becton Dickinson
168
United Kingdom Medical Devices Report Q3 2015
United Kingdom Medical Devices Report Q3 2015
- Business Monitor International Ltd Page 6
- Business Monitor International Ltd Page 6
Biomet
168
DePuy Synthes
169
Getinge
170
Hill-Rom
172
Johnson & Johnson Medical
172
Olympus Medical
173
Siemens Healthcare
174
Steris
175
Multinational Market Activity
177
Table: Multinational Market Activity, 2015
177
Medical Device Market Access
180
Trade Associations
180
Table: Association Of British Healthcare Industries (ABHI) Members, 2014
180
Trade Shows
188
Methodology
190
Forecast Methodology
190
Trade Code Classifications
191
Table: Used HS Trade Codes
191
Table: Rearranged HS Trade Codes
193
Risk/Reward Index Methodology
196
Table: Medical Devices Risk/Reward Index Indicators
197
Sources
199
Contact
200

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.

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