The Medical Device Market: UK

Published : April 2013
No. of Pages : 106

Price:

The UK has one of the largest medical device markets in the world, valued at US$8.9 billion in 2012. The domestic market vies with France as the second largest in Europe behind Germany. Per capita expenditure is equal to US$142. The UK market for medical devices is predicted to increase by 6.0% per annum to attain a value of US$11.9 billion by 2017.

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 88% of the total, is made up of imports. These have started displaying growth again in 2011 and latest annual data to July 2012 shown that imports grew by 2.5% over the previous corresponding annual total.

In 2011, total health expenditure was estimated at US$234 billion. Of this, an estimated 84% was spent by the public sector. The Conservative/Liberal-Democrat coalition government has focused on reducing the deficit and healthcare spending is one area the current administration has been looking at to create savings and efficiencies. From a medical device perspective, the government plans to introduce a barcoding system and a price comparison website, to facilitate more transparent and lower prices paid for products across the country by the various NHS hospital trusts.

The coalition government has also unveiled a substantial reform programme for the management of the NHS. Under it, several layers of bureaucracy are to be removed, and General Practitioners given control of their own budgets. Patients are to be given the right to treatment in any public or private facility which charges according to the NHS Tariff. The plans ran into severe opposition in 2011, however, and a large number of amendments have been made to what was a complex bill to begin with. The legislation was passed by parliament in March 2012.

Table Of Contents

Executive Summary 1

Key Background Data 4
Geographic 4
Political 4
Economic 4
Healthcare System 5
Coalition Reform Plans, 2010 5
NHS Schemes and Initiatives 5
Payment by Results 5
Health Expenditure 7

Market Developments 9
Imports Grow by 2.6% to November 2012 9
Latest Data Show that Exports Fell by 3.2% to November 2012 9
New Bar Coding System and Website to Compare Prices 9
Draft of new European Legislation for Medical Devices 9
NHS Expanding Ventures Abroad 10

Medical Market Analysis 11
Overview 11
The Market in 2012 12
Past Performance 2007-11 13
Future Performance 2012-17 14
The UK Market for Consumables 23
The UK Market for Diagnostic Imaging 25
The UK Market for Dental Products 28
The UK Market for Orthopaedic & Prosthetic Products 31
The UK Market for Patient Aids 33
The UK Market for Other Medical Devices 35

Annual Imports 38
Consumables 39
Diagnostic Imaging 39
Dental Products 39
Orthopaedic & Prosthetic Products 39
Patient Aids 40

Monthly Imports 52
Annual Exports 53
Consumables 53
Diagnostic Imaging 54
Dental Products 54
Orthopaedic Products 54
Patient Aids 54

Monthly Exports 66

Domestic Production 67
Trade Associations 71
Association of British Healthcare Industries (ABHI) 71
British Anaesthetic and Respiratory Equipment Manufacturers Association (BAREMA) 71
British Dental Trade Association (BDTA) 71
Optic (UK) 71
Surgical Dressing Manufacturers Association (SDMA) 71

Domestic Manufacturing 72
Domestic Producers 72
Major Manufacturers 96
ArjoHuntleigh 96
Gyrus ACMI 96
Smith & Nephew 96
Smiths Medical 97

Accessing The Market 98
Distribution 98
Trade Fairs 98
BDTA 98
Healthcare Estates Conference & Exhibition 98
Medtec UK 98
Telecare and Telehealth Conference 98
National Audit Office Issues Reports into NHS Procurement 98
New Bar Coding System and Website to Compare Prices 99

Medical Device Regulations 100
Medicines and Healthcare Products Regulatory Agency (MHRA) 100
Notified Bodies 100
EU Regulation 100
Draft of New European Legislation for Medical Devices 100
Contract Agreement for Medical Technology Trials 101

Methodology & Sources 102
Trade Code Classifications 102
Methodology 104
Sources 105
Need more information? 105

List Of Tables

Espicom Analysis of the UK Medical Market, 2013 2
SWOT Analysis of the UK Medical Device Market, 2013 3
Summary of Key Data Projections, 2013-18 4
Summary of Key Data, 2006-12 7
UK Medical Device Market, Key Ratios, 2012 11
UK Medical Device Market by Category, 2012 12
Projected Medical Device Market, 2012-17 14
The UK Medical Device Market, 2007-17 (US$ millions) 15
The UK Medical Device Market, 2007-17 (US$ per capita) 17
The UK Medical Device Market, 2007-17 (% of Total) 19
The UK Medical Device Market, 2007-17 (% Change) 21
The UK Consumables Market, 2007-17 (US$ millions) 23
The UK Consumables Market, 2007-17 (US$ Per Capita) 23
The UK Consumables Market, 2007-17 (% Change) 23
The UK Diagnostic Imaging Market, 2007-17 (US$ millions) 25
The UK Diagnostic Imaging Market, 2007-17 (US$ Per Capita) 26
The UK Diagnostic Imaging Market, 2007-17 (% Change) 26
The UK Dental Products Market, 2007-17 (US$ millions) 28
The UK Dental Products Market, 2007-17 (US$ Per Capita) 28
The UK Dental Products Market, 2007-17 (% Change) 29
The UK Orthopaedic & Prosthetic Products Market, 2007-17 (US$ millions) 31
The UK Orthopaedic & Prosthetic Products Market, 2007-17 (US$ Per Capita) 31
The UK Orthopaedic & Prosthetic Products Market, 2007-17 (% Change) 31
The UK Patient Aids Market, 2007-17 (US$ millions) 33
The UK Patient Aids Market, 2007-17 (US$ Per Capita) 33
The UK Patient Aids Market, 2007-17 (% Change) 33
The UK Other Medical Devices Market, 2007-17 (US$ millions) 35
The UK Other Medical Devices Market, 2007-17 (US$ Per Capita) 35
The UK Other Medical Devices Market, 2007-17 (% Change) 36
Summary Medical Equipment Imports by Product Area, 2007-11 (US$000s) 40
Summary Medical Equipment Imports by Product Area, 2007-11 (US$000s % Change) 40
Summary Medical Equipment Imports by Product Area, 2007-11 (£ 000s) 41
Summary Medical Equipment Imports by Product Area, 2007-11 (£ % Change) 41
Summary Medical Equipment Imports by Product Area, 2007-11 (% of Total) 42
Leading Medical Equipment Suppliers by Product Area, 2011 (US$000s) 44
Top 20 Suppliers to the UK Market, 2011 (US$000s) 45
Detailed Imports of Medical Equipment, 2007-11 (US$000s) 46
Detailed Imports of Medical Equipment, 2007-11 (Growth Trends) 48
Detailed Imports, Leading Suppliers, 2011 (US$000s) 50
Monthly Imports of Medical Equipment (US$ Millions) 52
Summary Medical Equipment Exports by Product Area, 2007-11 (US$000s) 54
Summary Medical Equipment Exports by Product Area, 2007-11 (US$000s % Change) 55
Summary Medical Equipment Exports by Product Area, 2007-11 (£ 000s) 55
Summary Medical Equipment Exports by Product Area, 2007-11 (£ % Change) 56
Summary Medical Equipment Exports by Product Area, 2007-11 (% of Total) 57
Leading Medical Equipment Destinations by Product Area, 2011 (US$000s) 58
Top 20 Destinations for UK Exporters, 2011 (US$000s) 59
Detailed Exports of Medical Equipment, 2007-11 (US$000s) 60
Detailed Exports of Medical Equipment, 2007-11 (Growth Trends) 62
Detailed Exports, Leading Destinations, 2011 (US$000s) 64
Monthly Exports of Medical Equipment (US$ Millions) 66
UK Medical Equipment Production, 2007-11 (£000s) 67
UK Medical Equipment Production, 2007-11 ($000s) 69
UK Medical Equipment Production, 2007-11 (% Total) 70
UK Members of the Association of British Healthcare Industries (ABHI) 72
HS Trade Codes Used in This Report 102
HS Trade Codes, Rearranged 103

List Of Charts

UK Medical Device Market by Category, 2012 (%) 12
Change in the UK Medical Device Market, 2007-17 (%) 13
CAGR of the UK Medical Device Market by Product Area, 2007-11 (%) 13
Market Projections, 2012-17 (US$ millions) 14
The UK Market for Consumables, 2007-17 (US$ millions) 24
The UK Market for Consumables, 2007-17 (CAGR) 24
The UK Market for Diagnostic Imaging, 2007-17 (US$ millions) 27
The UK Market for Diagnostic Imaging, 2007-17 (CAGR) 27
The UK Market for Dental Products, 2007-17 (US$ millions) 29
The UK Market for Dental Products, 2007-17 (CAGR) 30
The UK Market for Orthopaedic & Prosthetic Products, 2007-17 (US$ millions) 32
The UK Market for Orthopaedic & Prosthetic Products, 2007-17 (CAGR) 32
The UK Market for Patient Aids, 2007-17 (US$ millions) 34
The UK Market for Patient Aids, 2007-17 (CAGR) 34
The UK Market for Other Medical Devices, 2007-17 (US$ millions) 36
The UK Market for Other Medical Devices, 2007-17 (CAGR) 37
Medical Equipment Imports, 1991-2011 (US$ Millions) 38
Change in Medical Equipment Imports, 2002-2011 (%) 38
CAGR of Medical Imports by Product Area, 2007-11 (%) 42
Medical Equipment Imports by Product Area, 2011 (%) 43
Leading Medical Equipment Suppliers, 2011 (%) 44
Medical Equipment Exports, 1991-2011 (US$ Millions) 53
Change in Medical Equipment Exports, 1992-2011 (%) 53
CAGR of Medical Exports by Product Area, 2007-11 (%) 56
Medical Equipment Exports by Product Area, 2011 (%) 57
Leading Medical Equipment Destinations, 2011 (%) 58

The Medical Device Market: UK

Published By: Espicom Limited

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