Table of Contents
Executive Summary
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- Market size
- Moderate market growth expected in 2016
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- Figure 1: UK Market for Medical Equipment, 2012-2016, (£ Million at MSP)
- Figure 2: Segmentation of the UK Market for Medical Equipment, by Type, 2012-16, (£ Million at MSP)
- Market factors
- Increase in real terms NHS spending and capital spending expected for 2016/17
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- Figure 3: NHS Expenditure in England, in Real Terms, 2012/13-2016/17*, (£ Billion)
- ... but these plans may be subject to change depending on the impact Brexit negotiations have on the economy
- The UK’s ageing population underpins demand for intensive healthcare
- Supply sources
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- Figure 4: UK Production of Medical Equipment, 2012-16, (£ Million at MSP)
- Companies
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- Figure 5: Profiled Companies’ Combined Turnover, 2011-2015, (£ Million)
- Forecast
- NHS funding pressure will undermine strong growth potential from underlying factors
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- Figure 6: UK Medical Equipment Market Forecast, 2017-21, (£ Million at 2016 prices)
- Sales of supplies expected to decline as purchasers seek savings
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- Figure 7: UK Market Segmentation Forecast for the Medical Equipment Market, by Type, 2017-21, (£ Million at 2016 prices)
- What We Think
Key Insights
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- What actions undertaken to meet efficiency savings by the NHS have impacted the industry?
- How could the UK’s exit from the European Union affect the industry?
- How will the market perform over the foreseeable future?
Introduction
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- Definitions
- Methodology
- Abbreviations
Market Positioning
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- The Customer
- The Supplier
- The Regulatory Environment
UK Economy
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- Key Points
- Overview
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- Figure 8: UK GDP, 2006-2016, (% Quarterly Growth and GDP in £ Billion)
- Figure 9: UK Output, by Industry, 2008-2016, (Index 2013 = 100)
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- Figure 10: Quarters after GDP Peak, 1979, 1990 and 2008, (Number of Quarters and GDP as % of PreDownturn Peak)
- Inflation
- Interest rates
- House prices
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- Figure 11: UK House Price changes, 2006-2016, (12-month % change)
- Consumer spending
- Manufacturing
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- Figure 12: UK Manufacturing, 2014-16, (Index, 2013 = 100)
- Business investment
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- Figure 13: UK GFCF 2005-15, (£ Million)
- Imports
- Exports
Market Factors
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- Key Points
- The number of people with chronic illnesses continues to rise - increasing the burden on healthcare services
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- Figure 14: People with Long-Term and Chronic Illnesses, in England, 2007/08-2015/16, (Million)
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- Figure 15: People with Long-Term and Chronic Illnesses in England, 2007/08 and 2015/16, (Million)
- The UK’s ageing population underpins demand for intensive healthcare
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- Figure 16: UK Population Estimate and Projection, by Age Group, 2016 and 2020, (Million)
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- Figure 17: UK Population Estimate and Projection, by Age Group, 2016 and 2020, (% of Total Population)
- Increase in real terms NHS spending and capital spending expected for 2016/17...
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- Figure 18: NHS Expenditure in England, in Real Terms, 2012/13-2016/17*, (£ Billion)
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- Figure 19: NHS Expenditure in England, in Real Terms, 2012/13-2016/17*, (£ Billion)
- Figure 20: NHS Capital Expenditure in England, in Real Terms, 2012/13-2016/17*, (£ Billion)
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- Figure 21: NHS Capital Expenditure in England, in Real Terms, 2012/13-2016/17*, (£ Billion)
- ... but these plans may be subject to change depending on the impact Brexit negotiations have on the economy
- Companies have invested more in R&D as physicians help pinpoint key areas
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- Figure 22: R&D Investment by European Healthcare Equipment Companies, 2015/16, (( Million and %)
- Rising healthcare services demand has led to an expansion in the number of UK healthcare facilities
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- Figure 23: Number of Hospitals/General and Special Medical Practices in the UK, 2012-2016, (Number)
- Figure 24: Number of Hospitals/General and Special Medical Practices in the UK, 2012-2016, (Number)
- Value of new construction work has stagnated with the number of smaller builds on the rise
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- Figure 25: New Work Construction in the Public and Private Health Sectors, in Great Britain, 2011-15, (£ Million)
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- Figure 26: New Work Construction in the Public and Private Health Sectors, in Great Britain, 2011-2015, (£ Million)
Market Size
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- Key Points
- Planned healthcare budget improvements could be affected by economic uncertainties, with efficiency saving targets unlikely to be met
- Moderate market growth expected in 2016
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- Figure 27: UK Market for Medical Equipment, 2012-16, (£ Million at MSP)
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- Figure 28: UK Market for Medical Equipment, 2012-2016, (£ Million at MSP)
- Market Segmentation
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- Figure 29: Segmentation of the UK Market for Medical Equipment, by Type, 2012-16, (£ Million at MSP)
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- Figure 30: Segmentation of the UK Market for Medical Equipment, by Type, 2012-16, (£ Million at MSP)
Market Trends
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- Key Points
- Manufacturers focusing on innovative products to boost margins in a cost-wary healthcare industry...
- ... while also offering healthcare providers the option of leasing and renting equipment
- Equipment is currently being under-utilised
- Fewer M&A deals due to recent industry consolidation making asset availability scarce
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- Figure 31: UK Mergers and Acquisition Deals, by Equipment Segment, 2014 and 2015, (% of Deals)
- Figure 32: UK Mergers and Acquisition Deals, by Equipment Segment, 2014 and 2015, (% of Deals)
Supply Sources
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- Key Points
- Production
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- Figure 33: UK Production of Medical Equipment, 2012-16, (£ Million at MSP)
- Figure 34: UK Production of Medical Equipment, 2012-16, (£ Million at MSP)
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- Figure 35: Segmentation of the UK Production of Medical Equipment, by Type, 2012-16, (£ Million at MSP)
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- Figure 36: Segmentation of the UK Production of Medical Equipment, by Type, 2016, (£ Million at MSP)
- Imports
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- Figure 37: UK Imports of Medical Equipment, 2012-16, (£ Million at CIF)
- Figure 38: UK Imports of Medical Equipment, 2012-16, (£ Million at CIF)
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- Figure 39: Segmentation of UK Imports of Medical Equipment, by Type, 2012-16, (£ Million at CIF)
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- Figure 40: Segmentation of UK Imports of Medical Equipment, by Type, 2016, (£ Million at CIF)
- Exports
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- Figure 41: UK Exports of Medical Equipment, 2012-16, (£ Million at FOB)
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- Figure 42: UK Exports of Medical Equipment, 2012-16, (£ Million at FOB)
- Figure 43: Segmentation of UK Exports of Medical Equipment, by Type, 2012-16, (£ Million at FOB)
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- Figure 44: Segmentation of UK Exports of Medical Equipment, by Type, 2016, (£ Million at FOB)
Industry Structure
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- Key Points
- Industry Development
- Industry Structure
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- Figure 45: Analysis of the Changes in the Structure of the Medical and Dental Instruments and Supplies Manufacturing Industry, 2012-16, (Number of Outlets and Businesses)
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- Figure 46: Analysis of the Changes in the Structure of the Medical and Dental Instruments and Supplies Manufacturing Industry, 2012-16, (Number of Outlets and Businesses)
- Figure 47: Analysis of the Structure of the Irradiation, Electromedical and Electrotherapeutic Manufacturing Industry, 2012-16, (Number of Outlets and Businesses)
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- Figure 48: Analysis of the Structure of the Irradiation, Electromedical and Electrotherapeutic Manufacturing Industry, 2012-16, (Number of Outlets and Businesses)
- Structure by Employment
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- Figure 49: Analysis of the Employment Structure of the Medical and Dental Instrument Manufacturing Industry, 2015-16, (Number of Outlets)
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- Figure 50: Analysis of the Employment Structure of the Irradiation, Electromedical and Electrotherapeutic Manufacturing Industry, 2015-16, (Number of Outlets)
- Structure by Turnover
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- Figure 51: Analysis of the Financial Structure of the Medical and Dental Instrument Manufacturing Sector, 2015-16, (£ 000 and Number of Companies)
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- Figure 52: Analysis of the Financial Structure of the Irradiation, Electromedical and Electrotherapeutic Sector, 2015-16, (£ 000 and Number of Companies)
Company Profiles
Abbott Laboratories
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- Figure 53: Financial Analysis of Abbott Laboratories, 2011-15, (£ Million)
- Company Strategy
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Atlas Copco Medical
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- Figure 54: Financial Analysis of Atlas Copco Medical, 2011-15, (£ Million)
- Company Strategy
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B. Braun Medical
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- Figure 55: Financial Analysis of B Braun Medical, 2011-15, (£ Million)
- Company Strategy
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Baxter Healthcare
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- Figure 56: Financial Analysis of Baxter Healthcare, 2011-15, (£ Million)
- Company Strategy
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Becton Dickinson
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- Figure 57: Financial Analysis of Becton Dickinson UK, 2011-15, (£ Million)
- Company Strategy
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Clement Clarke International
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- Figure 58: Financial Analysis of Clement Clarke International, 2011-15, (£ Million)
- Company Strategy
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Corin Group
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- Figure 59: Financial Analysis of Corin Orthopaedics Holdings, 2013-15, (£ 000)
- Company Strategy
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GE Medical Systems
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- Figure 60: Financial Analysis of GE Medical Systems, 2011-15, (£ Million)
- Company Strategy
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Johnson & Johnson Medical
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- Figure 61: Financial Analysis of Johnson & Johnson Medical, 2011-16*, (£ Million)
- Company Strategy
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Oxford Instruments
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- Figure 62: Financial Analysis of Oxford Instruments, 2012-16, (£ Million)
- Company Strategy
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Smith & Nephew
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- Figure 63: Financial Analysis of Smith & Nephew, 2011-15, ($ Million)
- Company Strategy
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Spacelabs Healthcare
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- Figure 64: Financial Analysis of Spacelabs Healthcare, 2011-15, (£ Million)
- Company Strategy
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- Figure 65: Profiled Companies’ Combined Turnover, 2011-2015, (£ Million)
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Forecast
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- Key Points
- NHS funding pressure will undermine strong growth potential from underlying factors
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- Figure 66: UK Market Forecast for Medical Equipment, 2017-2021, (£ Million at 2016 prices)
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- Figure 67: UK Medical Equipment Market Forecast, 2017-21, (£ Million at 2016 prices)
- Sales of supplies expected to decline as purchasers seek savings
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- Figure 68: Market Segmentation Forecast of the UK Medical Equipment Market, 2017-2021, (£ Million at 2016 prices)
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- Figure 69: UK Market Segmentation Forecast for the Medical Equipment Market, 2017-21, (£ Million at 2016 prices)
- Economic uncertainty created by Brexit could add further barriers to market value growth
- With challenging market conditions in the UK, companies are looking further afield for fresh opportunities
- Technological and innovation development key to improving equipment affordability and capability
Further Sources and Contacts
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- Trade Associations
- Trade Magazines
- Trade Exhibitions
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