Table of Contents
Key Insights
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- How is the industry adapting to healthcare market trends?
- Is industry consolidation expected to continue?
- How are the emerging markets driving market development?
- What is the outlook for the medical equipment industry?
Introduction
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- Definitions
- Methodology
- Abbreviations
- Market positioning
- The customer
- The supplier
- The regulatory environment
UK Economy
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- Key points
- Overview
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- Figure 6: UK GDP, 2004-2015, (% Quarterly Growth and GDP in £ billion)
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- Figure 7: Quarters after GDP Peak, 1979, 1990 and 2008, (Number of Quarters and GDP as % of Pre-Downturn Peak)
- Inflation
- Interest rates
- House prices
- Consumer spending
- Manufacturing
- Business investment
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- Figure 8: UK GFCF 2003-15, (£ million)
- Imports
- Exports
Market Factors
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- Key points
- A rising number of people with chronic illnesses is increasing the burden on healthcare services
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- Figure 9: People with Long-Term and Chronic Illnesses, in England, 2006/07-2014/15, (Million)
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- Figure 10: People with Long-Term and Chronic Illnesses, in England, 2006/07 and 2014/15, (Million)
- The UK’s ageing population underpins demand for intensive healthcare
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- Figure 11: UK Population Estimate and Projection, by Age Group, 2015 and 2020, (Million)
- Figure 12: UK Population Estimate and Projection, by Age Group, 2015 and 2020, (% of Total Population)
- Government pledges to increase NHS budget, with an increase in real terms capital spending also expected
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- Figure 13: NHS Expenditure in England, in Real Terms, 2011/12-2015/16, (£ Billion)
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- Figure 14: NHS Expenditure in England, in Real Terms, 2011/12-2015/16, (£ Billion)
- Figure 15: NHS Capital Expenditure in England, in Real Terms, 2011/12-2015/16, (£ Billion)
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- Figure 16: NHS Capital Expenditure in England, in Real Terms, 2011/12-2015/16, (£ Billion)
- Growth in R&D investment by the largest European healthcare equipment companies
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- Figure 17: R&D Investment by European Healthcare Equipment Companies, 2014, (£ Million and %)
- Growing demand for healthcare services has expanded the number of healthcare facilities
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- Figure 18: Number of Hospitals/General and Special Medical Practices in the UK, 2011-2015, (Number)
- Figure 19: Number of Hospitals/General and Special Medical Practices in the UK, 2011-2015, (Number)
- Despite an increase in the number of facilities, the value of new construction work in the health sector is on a downward trend – implying smaller builds
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- Figure 20: New Work Construction in the Public and Private Health Sectors, in Great Britain, 2010-14, (£ Million)
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- Figure 21: New Work Construction in the Public and Private Health Sectors, in Great Britain, 2010-2014, (£ Million)
Market Size
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- Key points
- Rising healthcare budget improves potential outlook, but efficiency savings have dampened growth
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- Figure 22: UK Market for Medical Equipment, 2011-15, (£ Million at MSP)
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- Figure 23: UK Market for Medical Equipment, 2011-2015, (£ Million at MSP)
- Market segmentation
- The need to replace obsolete equipment, amid a rising number of chronic illnesses and hospital use by an ageing and rising population, drives market growth
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- Figure 24: Segmentation of the UK Market for Medical Equipment, by Type, 2011-15, (£ Million at MSP)
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- Figure 25: Segmentation of the UK Market for Medical Equipment, by Type, 2011-15, (£ Million at MSP)
Market Trends
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- Key points
- The drive to innovate and the use of new technology, at both the production and usage stage, is vital in reducing costs and protecting fragile margins
- Homecare and mobile health equipment are helping reduce unnecessary, or avoidable, hospital and doctor use...
- ...however there is still a need for satisfactory resources at health facilities
- Companies preparing for the implementation of new regulatory change
- Further industry consolidation as margins remain exposed to challenging market environment
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- Figure 26: UK Mergers and Acquisition Deals, by Equipment Segment, 2014, (% of Deals)
- Figure 27: UK Mergers and Acquisition Deals, by Equipment Segment, 2014, (% of Deals)
Supply Sources
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- Key points
- Production
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- Figure 28: UK Production of Medical Equipment, 2011-15, (£ Million at MSP)
- Figure 29: UK Production of Medical Equipment, 2011-15, (£ Million at MSP)
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- Figure 30: Segmentation of the UK Production of Medical Equipment, by Type, 2011-15, (£ Million at MSP)
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- Figure 31: Segmentation of the UK Production of Medical Equipment, by Type, 2015 (£ Million at MSP)
- Imports
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- Figure 31: UK Imports of Medical Equipment, 2010-14, (£ Million at CIF)
- Figure 31: UK Imports of Medical Equipment, 2010-14, (£ Million at CIF)
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- Figure 32: Segmentation of UK Imports of Medical Equipment, by Type, 2010-14, (£ Million at CIF)
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- Figure 32: Segmentation of UK Imports of Medical Equipment, by Type, 2014, (£ Million at CIF)
- Exports
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- Figure 33: UK Exports of Medical Equipment, 2010-14, (£ Million at FOB)
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- Figure 33: UK Exports of Medical Equipment, 2010-14, (£ Million at FOB)
- Figure 34: Segmentation of UK Exports of Medical Equipment, by Type, 2010-14, (£ Million at FOB)
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- Figure 34: Segmentation of UK Exports of Medical Equipment, by Type, 2014, (£ Million at CIF)
Industry Structure
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- Key points
- Industry development
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- Figure 35: Analysis of the Changes in the Structure of the Medical and Dental Instruments and Supplies Manufacturing Industry, 2011-15, (Number of Outlets and Businesses)
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- Figure 35: Analysis of the Changes in the Structure of the Medical and Dental Instruments and Supplies Manufacturing Industry, 2011-15, (Number of Outlets and Businesses)
- Figure 36: Analysis of the Structure of the Irradiation, Electromedical and Electrotherapeutic Manufacturing Industry, 2011-15, (Number of Outlets and Businesses)
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- Figure 36: Analysis of the Structure of the Irradiation, Electromedical and Electrotherapeutic Manufacturing Industry, 2011-15, (Number of Outlets and Businesses)
- Structure by employment
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- Figure 37: Analysis of the Employment Structure of the Medical and Dental Instrument Manufacturing Industry, 2014-15, (Number of Outlets)
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- Figure 38: Analysis of the Employment Structure of the Irradiation, Electromedical and Electrotherapeutic Manufacturing Industry, 2014-15, (Number of Outlets)
- Structure by turnover
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- Figure 39: Analysis of the Financial Structure of the Medical and Dental Instrument Manufacturing Sector, 2014-15, (£ 000 and Number of Companies)
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- Figure 40: Analysis of the Financial Structure of the Irradiation, Electromedical and Electrotherapeutic Sector, 2014-15, (£ 000 and Number of Companies)
Company Profiles
Abbott Laboratories
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- Figure 41: Financial Analysis of Abbott Laboratories, 2010-14, (£ Million)
- Company outlook
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Atlas Copco Medical
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- Figure 42: Financial Analysis of Atlas Copco Medical, 2010-14, (£ Million)
- Company outlook
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B. Braun Medical
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- Figure 43: Financial analysis of B Braun Medical, 2010-14, (£ Million)
- Company outlook
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Baxter Healthcare
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- Figure 44: Financial Analysis of Baxter Healthcare, 2010-14, (£ Million)
- Company outlook
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Becton Dickinson
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- Figure 45: Financial Analysis of Becton Dickinson UK, 2010-14, (£ Million)
- Company outlook
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Clement Clarke International
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- Figure 46: Financial Analysis of Clement Clarke International, 2010-14, (£ Million)
- Company outlook
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Corin Group
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- Figure 47: Financial Analysis of Corin Group, 2010-14, (£ Million)
- Company outlook
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GE Medical Systems
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- Figure 48: Financial Analysis of GE Medical Systems, 2010-14, (£ Million)
- Company outlook
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Johnson & Johnson Medical
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- Figure 49: Financial Analysis of Johnson & Johnson Medical, 2010-14, (£ Million)
- Company outlook
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Oxford Instruments
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- Figure 50: Financial Analysis of Oxford Instruments, 2011-15, (£ Million)
- Company outlook
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Smith & Nephew
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- Figure 51: Financial Analysis of Smith & Nephew, 2010-14, ($ Million)
- Company outlook
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Spacelabs Healthcare
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- Figure 52: Financial Analysis of Spacelabs Healthcare, 2010-14, (£ Million)
- Company outlook
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- Figure 52: Profiled Companies’ Combined Turnover, 2010-2014, (£ Million)
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Forecast
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- Key points
- Real-term annual rise in NHS spending to 2020/21 provides possible boost to industry
- Underlying factors indicate rising demand for healthcare services, which will still provide opportunities for the industry
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- Figure 53: UK Market Forecast for Medical Equipment, 2016-20, (£ Million at 2015 prices)
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- Figure 53: UK Market Forecast for Medical Equipment, 2016-20, (£ Million at 2015 prices)
- Medical equipment products sector, excluding supplies, is expected to increase its market share over the next five years
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- Figure 54: UK Market Segmentation Forecast for Medical Equipment, by Type, 2016-20, (£ Million at 2015 prices)
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- Figure 54: UK Market Segmentation Forecast for Medical Equipment, by Type, 2016-20, (£ Million at 2015 prices)
- Technological and innovation drive, particularly in the 3D printing industry, is vital to market development over the foreseeable future
- Further industry consolidation and collaborations between companies could help lead to the necessary efficiency improvements to ensure market progress
Further Sources and Contacts
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- Trade associations
- Trade magazines
- Trade exhibitions
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