Business Monitor International


United Kingdom Medical Devices Report

Published 11 February 2015

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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. The UK market for medical devices is projected to increase by 6.8% per annum to attain a value of USD14.2bn 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 USD7,816.5mn. Based on latest collated monthly data to year ending November 2014, medical device imports rose by 8.1% to USD8,451.3mn.

  • 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 USD6,071.0mn. In the 2008-2013 period, the CAGR was -1.3%. Based on latest collated monthly data, exports to year ending November 2014 rose by 4.8% to USD6,353.0mn.

  • In 2013, according to latest published data from Eurostat, the UK produced medical equipment and supplies worth EUR3.4bn (USD4.5bn), a 13.3% fall compared with the 2012 reported figure of EUR3.7bn (USD4.7bn). In US dollar...

Table of Contents

Espicom Industry View
9
SWOT
12
Medical Device Market
12
Political
13
Economic
14
Business Environment
15
Industry Forecast
16
Medical Device Market Forecast
16
2008-2013 Performance
16
Table: Projected Medical Device Market, 2013-2018
18
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
19
Consumables Market Forecast
24
Bandages & Dressings
24
Suturing Materials
24
Syringes, Needles & Catheters
24
Other Consumables
25
Table: Consumables Market, 2008-2018 (US$mn)
25
Table: Consumables Market, 2009-2018 (US$mn % Change)
26
Diagnostic Imaging Market Forecast
27
Electrodiagnostic Apparatus
28
Radiation Apparatus
28
Imaging Parts & Accessories
29
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
29
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
30
Dental Products Market Forecast
31
Capital Equipment
31
Instruments & Supplies
32
Table: Dental Products Market, 2008-2018 (US$mn)
32
Table: Dental Products Market, 2009-2018 (US$mn % Change)
33
Orthopaedics & Prosthetics Market Forecast
34
Fixation Devices
35
Artificial Joints
35
Other Artificial Body Parts
35
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
36
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn, % Change)
36
Patient Aids Market Forecast
37
Portable Aids
37
Therapeutic Appliances
37
Table: Patient Aids Market, 2008-2018 (US$mn)
38
Table: Patient Aids Market, 2009-2018 (US$mn % Change)
38
Other Medical Devices Market Forecast
39
Table: Other Medical Devices Market, 2008-2018 (US$mn)
40
Table: Other Medical Devices Market, 2009-2018 (US$mn % Change)
42
Annual Medical Device Imports
44
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s)
48
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s, % Change)
49
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
50
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s, % Change)
51
Table: Top 20 Medical Device Suppliers, 2013 (US$000s)
53
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (US$000s)
54
Table: Detailed Medical Device Import Trends By Product Area, 2013
57
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (US$000s)
60
Monthly Medical Device Imports
64
Table: Monthly Medical Device Imports By Product Area, May 2011-June 2014 (US$mn)
64
Annual Medical Device Exports
66
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s)
69
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s, % Change)
70
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
71
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s, % Change)
72
Table: Top 20 Medical Device Destinations, 2013 (US$000s)
74
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (US$000s)
75
Table: Detailed Medical Device Export Trends By Product Area, 2013
78
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (US$000s)
81
Table: Detailed Medical Device Trade Balance, 2009-2013 (US$000s)
84
Monthly Medical Device Exports
88
Table: Monthly Medical Device Exports By Product Area, May 2011-June 2014 (US$mn)
88
Macroeconomic Forecasts
90
Economic Analysis
90
Table: UNITED KINGDOM - ECONOMIC ACTIVITY
95
Industry Risk Reward Ratings
96
Table: WE Medical Device Risk/Reward Ratings, Q414
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
Healthcare Funding
105
Healthcare Resources
107
Table: Medical Device Technology By Type, 2008-2011 (Units)
108
Table: Medical Device Technology By Type, 2008-2011 (Rate/mn population)
108
Healthcare Activity
109
Healthcare Personnel
109
Key Healthcare Data
110
Table: Key Healthcare Data, 2008-2013
110
Industry Trends And Developments
113
Industry Trends & Developments
113
Regulatory Development
118
Medical Device Regulations
118
Competent Authority
118
Notified Bodies
119
Table: Notified Bodies & Directives, Annexes Covered
119
Contract Agreement For Medical Technology Trials
120
EU Medical Device Regulations
122
Designated Authorities
122
Existing Regulations
122
Proposed Regulatory Changes
123
Implications For The Industry
125
Medical Device Pricing & Reimbursement
127
Plans To Cut NHS Spending By GBP20bn In 2015
127
World Class Pricing & Procurement Capability By 2017
128
NHS Procurement Atlas of Variation
132
National Institute For Health And Care Excellence (NICE)
133
Competitive Landscape
134
Domestic Medical Device Production
134
Table: Medical Device Production By Product Area, 2009-2013 (EURmn)
134
Table: Medical Device Production By Product Area, 2009-2013 (US$mn)
137
Table: Medical Device Production By Product Area, 2009-2013 (% Of Total)
140
Domestic Medical Device Manufacturing
145
National Medical Device Manufacturers
145
Multinational Medical Device Manufacturers
149
Multinational Market Activity
151
Table: Multinational Market Activity, 2014
151
Medical Device Market Access
153
Trade Associations
153
Table: Association Of British Healthcare Industries (ABHI) Members, 2014
153
Trade Shows
161
Methodology
163
Medical Device Market Methodology
163
Trade Code Classifications
164
Table: Used HS Trade Codes, 2014
164
Table: Rearranged HS Trade Codes, 2014
166
Risk/Reward Ratings Methodology
169
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
170
Sources
171
Contact
172

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: 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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'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.’

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