Business Monitor International


United Kingdom Medical Devices Report

Published 02 October 2014

  • 185 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
United Kingdom Medical Devices Report

Espicom 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 US$10.2bn in 2013. The market is the sixth largest in the world and third largest in Europe. Per capita expenditure was equal to US$162 in 2013. The UK market for medical devices is projected to increase by 6.8% per annum to attain a value of US$14.2bn by 2018.

  • The growth of the UK medical device market is predominantly import-led and this has led to a succession of trade deficits since 2001. A significant portion of the market, around 75% of the total, is made up of imports. In US dollar terms, medical device imports grew by 7.3% in 2013 to reach US$7,816.5mn. Based on latest collated monthly data to year ending June 2014, imports rose by 8.6% to US$8,198.7mn.

  • The UK is a significant global exporter of medical devices and remains among the world's top 10. In US dollar terms, exports grew by 7.4% in 2013 to reach US$6,071.0mn. In the 2008-2013 period, the CAGR was -1.3%. Based on latest collated monthly data, exports to year ending June 2014 rose by 5.1% to US$6,233.4mn.

  • In 2013, according to latest published data from Eurostat, the UK produced medical equipment and supplies worth EUR3.4bn (US$4.5bn), a 13.3% fall compared with the 2012 reported figure of EUR3.7bn (US$4.7bn). In US dollar terms, production fell by...

Table of Contents

Espicom Industry View
7
SWOT
10
Medical Device Market
10
Political
11
Economic
12
Business Environment
13
Industry Forecast
14
Medical Device Market Forecast
14
2008-2013 Performance
14
Table: Projected Medical Device Market, 2013-2018
16
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
17
Consumables Market Forecast
22
Bandages & Dressings
22
Suturing Materials
22
Syringes, Needles & Catheters
22
Other Consumables
23
Table: Consumables Market, 2008-2018 (US$mn)
23
Table: Consumables Market, 2009-2018 (US$mn % Change)
24
Diagnostic Imaging Market Forecast
25
Electrodiagnostic Apparatus
26
Radiation Apparatus
26
Imaging Parts & Accessories
27
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
27
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
28
Dental Products Market Forecast
29
Capital Equipment
29
Instruments & Supplies
30
Table: Dental Products Market, 2008-2018 (US$mn)
30
Table: Dental Products Market, 2009-2018 (US$mn % Change)
31
Orthopaedics & Prosthetics Market Forecast
32
Fixation Devices
33
Artificial Joints
33
Other Artificial Body Parts
33
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
34
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn, % Change)
34
Patient Aids Market Forecast
35
Portable Aids
35
Therapeutic Appliances
35
Table: Patient Aids Market, 2008-2018 (US$mn)
36
Table: Patient Aids Market, 2009-2018 (US$mn % Change)
36
Other Medical Devices Market Forecast
37
Table: Other Medical Devices Market, 2008-2018 (US$mn)
38
Table: Other Medical Devices Market, 2009-2018 (US$mn % Change)
40
Annual Medical Device Imports
42
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s)
46
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s, % Change)
47
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
48
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s, % Change)
49
Table: Top 20 Medical Device Suppliers, 2013 (US$000s)
51
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (US$000s)
52
Table: Detailed Medical Device Import Trends By Product Area, 2013
55
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (US$000s)
58
Monthly Medical Device Imports
62
Table: Monthly Medical Device Imports By Product Area, February 2011-April 2014 (US$mn)
62
Annual Medical Device Exports
64
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s)
67
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s, % Change)
68
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
69
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s, % Change)
70
Table: Top 20 Medical Device Destinations, 2013 (US$000s)
72
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (US$000s)
73
Table: Detailed Medical Device Export Trends By Product Area, 2013
76
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (US$000s)
79
Table: Detailed Medical Device Trade Balance, 2009-2013 (US$000s)
82
Monthly Medical Device Exports
86
Table: Monthly Medical Device Exports By Product Area, February 2011-April 2014 (US$mn)
86
Macroeconomic Forecasts
88
Table: United Kingdom - Economic Activity
91
Industry Risk Reward Ratings
92
Table: WE Medical Device Risk/Reward Ratings, Q314
93
Market Overview
94
Medical Device Market Overview
94
Table: Medical Device Market, Key Ratios 2013
95
Table: Medical Device Market By Product Area, 2013
96
Healthcare Overview
97
Health Status
97
Healthcare System
97
Healthcare Funding
101
Healthcare Resources
102
Table: Medical Device Technology By Type, 2008-2011 (Units)
103
Table: Medical Device Technology By Type, 2008-2011 (Rate/mn population)
103
Healthcare Activity
104
Healthcare Personnel
104
Key Healthcare Data
105
Table: Key Healthcare Data, 2008-2013
105
Industry Trends And Developments
108
Industry Trends & Developments
108
Regulatory Development
113
Medical Device Regulations
113
Competent Authority
113
Notified Bodies
114
Table: Notified Bodies & Directives, Annexes Covered
114
Contract Agreement For Medical Technology Trials
115
EU Medical Device Regulations
117
Designated Authorities
117
Existing Regulations
117
Proposed Regulatory Changes
118
Implications For The Industry
120
Medical Device Pricing & Reimbursement
122
Plans To Cut NHS Spending By GBP20bn In 2015
122
World Class Pricing & Procurement Capability By 2017
123
National Institute For Health And Care Excellence (NICE)
126
Competitive Landscape
128
Domestic Medical Device Production
128
Table: Medical Device Production By Product Area, 2008-2012 (EURmn)
128
Table: Medical Device Production By Product Area, 2008-2012 (US$mn)
131
Table: Medical Device Production By Product Area, 2008-2012 (% Of Total)
134
National Medical Device Manufacturers
138
Multinational Medical Device Manufacturers
141
Multinational Market Activity
143
Table: Multinational Market Activity, 2014
143
Medical Device Market Access
144
Trade Associations
144
Table: Association Of British Healthcare Industries (ABHI) Members, 2014
144
Trade Shows
152
Methodology
154
Medical Device Market Methodology
154
Trade Code Classifications
155
Table: Used HS Trade Codes, 2014
155
Table: Rearranged HS Trade Codes, 2014
157
Risk/Reward Ratings Methodology
160
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
161
Sources
162
Contact
163

The United Kingdom Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a Business Monitor International (BMI) 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 and 40+ specific product categories. In addition, presents annual and monthly import and export trade data.

Product Areas:

  • Consumables: medical dressings, suturing materials, syringes, needles & catheters, blood-grouping reagents, first-aid boxes & kits, ostomy products and surgical gloves.
  • Diagnostic Imaging: electrocardiographs, ultrasound, MRI, scintigraphic apparatus, other electrodiagnostic apparatus (i.e. patient monitors), CT scanners, other X-ray apparatus, ABC ray apparatus, contrast media, X-ray film, X-ray tubes and other imaging parts & accessories.
  • Dental Products: dental drills, dental chairs, dental X-ray, dental cements, dental instruments and teeth & other fittings.
  • Orthopaedics & Prosthetics: fixation devices, artificial joints and other artificial body parts.
  • Patient Aids: hearing aids, pacemakers, other portable aids (i.e. stents), mechano-therapy apparatus and therapeutic respiration apparatus.
  • Other Medical Devices: wheelchairs, ophthalmic instruments, hospital furniture, medical/surgical sterilisers, UV/IF apparatus, blood pressure monitors, endoscopy monitors, dialysis apparatus, transfusion apparatus and anaesthesia apparatus.

Macroeconomic Forecasts
Presents macroeconomic forecasts impacting the Medical Devices market.

Industry Risk Rewards Rankings
Industry Risk Rewards Rankings (IRRR) 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 intelligence affecting the market, including healthcare organisation, healthcare developments and health expenditure. Includes historical healthcare data, in terms of health status, health expenditure, health infrastructure, health services and health personnel.

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
Focuses on the latest regulatory developments, covering the competent authority, the latest regulations and marketing registrations. Also, reviews key pricing & reimbursement measures.

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.

secure
Benefit from discounts when you add multiple products to your basket
2 Products SAVE 10%
3 Products SAVE 15%
4 Products SAVE 20%
5 Products SAVE 25%
6 Products SAVE 30%
7 - 20 Products SAVE 35%
21 Products or more SAVE 40%

Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc