Business Monitor International


United Kingdom Medical Devices Report

Published 13 March 2014

  • 185 pages
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  • 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 but this could be tempered slightly if the Department of Health's efficiency programme is successfully implemented, as 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$9.9bn in 2013. The domestic market is the sixth largest in the world and third largest in Europe. Per capita expenditure is equal to US$157. The UK market for medical devices is projected to increase by 7.3% per annum to attain a value of US$14.1bn by 2018.

  • The growth of the UK medical device market is predominantly import-led as many domestic manufacturers are not able to rapidly adjust to changes in demand. This has led to a succession of trade deficits since 2001. A significant portion of the market, around 74% of the total, is made up of imports. These have started displaying growth again in 2011 and 2012. Based on latest collated monthly data, imports to year ending December 2013 grew by 7.4% to reach US$7,817.9mn.

  • The UK is a significant global exporter of medical devices and remains among the world's top 10, but exports have stagnated in recent years. In the 2007-2012 period, exports recorded a CAGR of -3.3% in US dollar terms, but in local currency terms, growth was positive, albeit slight, at 1.2% CAGR. In 2012, exports fell by -3.6% (-2.7% in local currency) to a total US$5,655.1mn. Based on latest collated monthly data to year ending December 2013, exports grew by 8.2% to reach US$6,059.8mn.

  • In 2012, according to latest published data from Eurostat, the UK produced medical...

Table of Contents

Espicom Industry View
7
SWOT
10
Medical Device Market
10
Political
11
Economic
13
Business Environment
14
Industry Forecast
15
Medical Device Market Forecast
15
Past Performance 2008-2013
15
Future Performance 2013-2018
17
Table: Projected Medical Device Market, 2013-2018
18
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
19
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$ Per Capita)
23
Table: Detailed Medical Device Market By Product Area, 2008-2018 (% Of Total)
26
Table: Detailed Medical Device Market By Product Area, 2009-2018 (US$mn, % Change)
29
Consumables Market Forecast
32
Table: Consumables Market, 2008-2018 (US$mn)
32
Table: Consumables Market, 2008-2018 (US$ Per Capita)
33
Table: Consumables Market, 2009-2018 (US$mn, % Change)
34
Diagnostic Imaging Market Forecast
36
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
37
Table: Diagnostic Imaging Market, 2008-2018 (US$ Per Capita)
38
Table: Diagnostic Imaging Market, 2009-2018 (US$mn, % Change)
39
Dental Products Market Forecast
41
Table: Dental Products Market, 2008-2018 (US$mn)
42
Table: Dental Products Market, 2008-2018 (US$ Per Capita)
42
Table: Dental Products Market, 2009-2018 (US$mn, % Change)
43
Orthopaedics & Prosthetics Market Forecast
45
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
46
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$ Per Capita)
46
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn, % Change)
47
Patient Aids Market Forecast
48
Table: Patient Aids Market, 2008-2018 (US$mn)
49
Table: Patient Aids Market, 2008-2018 (US$ Per Capita)
49
Table: Patient Aids Market, 2009-2018 (US$mn, % Change)
50
Other Medical Devices Market Forecast
52
Table: Other Medical Devices Market, 2008-2018 (US$mn)
53
Table: Other Medical Devices Market, 2008-2018 (US$ Per Capita)
54
Table: Other Medical Devices Market, 2009-2018 (US$mn, % Change)
55
Annual Medical Device Imports
58
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s)
62
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s, % Change)
63
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s)
64
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s, % Change)
65
Table: Medical Device Imports By Product Area, 2008-2012 (% Distribution)
67
Table: Leading Medical Device Suppliers By Product Area, 2012 (US$000s)
69
Table: Leading Medical Device Suppliers By Product Area, 2012 (% Distribution)
70
Table: Top 20 Medical Device Suppliers, 2012 (US$000s)
72
Table: Detailed Medical Device Imports By Product Area, 2008-2012 (US$000s)
73
Table: Detailed Medical Device Import Trends By Product Area, 2012
76
Table: Detailed Leading Medical Device Suppliers By Product Area, 2012 (US$000s)
79
Monthly Medical Device Imports
83
Table: Monthly Medical Device Imports By Product Area, October 2010-December 2013 (US$mn)
83
Annual Medical Device Exports
85
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s)
88
Table: Medical Device Exports By Product Area, 2008-2012 (US$000s, % Change)
89
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s)
90
Table: Medical Device Exports By Product Area, 2008-2012 (Local Currency 000s, % Change)
91
Table: Medical Device Exports By Product Area, 2008-2012 (% Distribution)
93
Table: Leading Medical Device Destinations By Product Area, 2012 (US$000s)
94
Table: Leading Medical Device Destinations By Product Area, 2012 (% Distribution)
96
Table: Top 20 Medical Device Destinations, 2012 (US$000s)
98
Table: Detailed Medical Device Exports By Product Area, 2008-2012 (US$000s)
99
Table: Detailed Medical Device Export Trends By Product Area, 2012
102
Table: Detailed Leading Medical Device Destinations By Product Area, 2012 (US$000s)
105
Table: Detailed Medical Device Balance Of Trade, 2008-2012 (US$000s)
109
Monthly Medical Device Exports
112
Table: Monthly Medical Device Exports By Product Area, October 2010-December 2013 (US$mn)
112
Macroeconomic Forecasts
114
Economic Analysis
114
Table: United Kingdom - Economic Activity
118
Industry Risk Reward Ratings
119
Table: Western Europe Medical Device Risk/Reward Ratings, Q214
120
Market Overview
121
Medical Device Market Overview
121
Table: Medical Device Market, Key Ratios 2013
122
Table: Medical Device Market By Product Area, 2013
123
Healthcare Overview
124
Health Status
124
Healthcare System
124
Healthcare Funding
128
Healthcare Resources
129
Table: Medical Device Technology By Type, 2008-2011 (Units)
129
Table: Medical Device Technology By Type, 2008-2011 (Rate/mn population)
130
Healthcare Activity
131
Healthcare Personnel
131
Key Data
131
Table: Key Data, 2008-2013
131
Industry Trends And Developments
134
Industry Trends & Developments
134
Regulatory Development
139
Medical Device Regulations
139
Competent Authority
139
Notified Bodies
139
Table: Notified Bodies & Directives, Annexes Covered
140
Contract Agreement For Medical Technology Trials
140
Medical Device Pricing & Reimbursement
142
Plans To Cut NHS Spending By GBP20bn In 2015
142
World Class Pricing & Procurement Capability By 2017
143
National Institute For Health And Care Excellence (NICE)
146
EU Medical Device Regulations
147
Designated Authorities
147
Existing Regulations
147
Proposed Regulatory Changes
148
Implications For The Industry
150
Competitive Landscape
151
Domestic Medical Device Production
151
Table: Medical Device Production By Product Area, 2008-2012 (EURmn)
151
Table: Medical Device Production By Product Area, 2008-2012 (US$mn)
154
Table: Medical Device Production By Product Area, 2008-2012 (% Of Total)
157
National Medical Device Manufacturers
161
Multinational Medical Device Manufacturers
164
Multinational Market Activity
165
Table: Multinational Market Activity, 2014
165
Medical Device Market Access
166
Trade Associations
166
Table: Association Of British Healthcare Industries (ABHI) Members, 2014
166
Trade Shows
174
Methodology
176
Medical Device Market Methodology
176
Trade Code Classifications
177
Table: Used HS Trade Codes, 2014
177
Table: Rearranged HS Trade Codes, 2014
179
Risk/Reward Ratings Methodology
182
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
183
Sources
184
Contact
185

The United Kingdom Medical Devices Report features forecasts for medical devices production, imports, exports and healthcare expenditure by Espicom, a Business Monitor International company (BMI). These forecasts focus on Consumables, Diagnostic Imaging Apparatus, Dental Products, Orthopaedic and Prosthetic Devices and other medical devices.

The breakdown of domestic production, domestic manufacturing, individual trade associations and multinational activity 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 Espicom’s Medical Devices expenditure 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 disease and demographic trends, regulatory developments, tax legislation and government subsidies, investment dynamics and domestic demand in United Kingdom.
  • Assess the activities and market position of your competitors via our assessments of domestic production, imports and exports, trade associations, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.

Coverage

BMI Industry View

Covers geographic factors, political issues, and economic concerns, together with an overview of the country’s healthcare systems, health insurance regulations and health related projects which might have an impact on the country. These are presented in conjunction with estimates of health expenditure.

Market Developments

Provides analysis on the latest regulatory developments, key forecast indicators and major corporate developments, including production growth and government investment programmes.

Medical Market Analysis

Evaluates the market’s developments over the past year, comparing it with historical trends, and provides a forecast of future performance throughout our forecast period to end-2018. The report presents forecasts on the annual imports and exports for each of these sectors along with a monthly analysis of import and export trends and developments. There is also a detailed assessment of domestic production and domestic manufacturing, with a breakdown of individual trade associations, national and multinational manufacturers.

Medical Device Market Projections cover Market (US$mn), Per Capita (US$mn), (%) of total expenditure, and (%) change, for the below medical devices:

Consumables (US$mn): bandages and dressings, suturing materials, ostomy products, syringes, needles, and catheters.

Diagnostic Imaging (US$mn): electrodiagnostic, ultrasound, MRI, patient monitoring, CT scanners, X-ray apparatus, imaging parts and accessories.

Dental Products (US$mn): dental capital equipment, dental drills, dental chairs, dental X-rays, dental instruments and supplies, dental cements, teeth and other fittings.

Orthopaedic and prosthetic products (US$mn): fixation devices, artificial joints, and other artificial body parts.

Patient Aids (US$mn): portable aids, hearing aids, pacemakers, and therapeutic appliances.

Other medical devices (US$mn): wheelchairs, ophthalmic instruments, anaesthesia apparatus, dialysis apparatus, blood pressure monitors, endoscopy monitors, and hospital furniture.

Multinational Activity

Discusses the presence of multinational companies in the country, either via sales and distribution outlets, or through manufacturing facilities. ‘Domestic Manufacturing’ delineates the presence and activities of domestic medical device companies. Key company developments are incorporated, enabling a full evaluation of recent company performance and future growth prospects.

Accessing the Market

This section contains analysis of the overall market environment, distribution (including over 1,600 qualified sales agencies and distribution leads), import duties and taxes, procurement options (such as trade fairs, various expositions and procurement bodies), together with an explanation of the regulatory environment covering registration, labelling requirements and the use of second-hand equipment.

Directory

Contains details for Healthcare organisations, Professional Bodies, and Trade Associations, along with Trade Code Classifications.

Appendix – Statistical Tables

Extensive statistical tables provide historical data and forecasts from 2007-2018, identifying trends and changes in population, principle causes of death, public health expenditure, hospital data (including beds by type, discharge data, long stay patients by type), and hospital personnel.

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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