Product Type: Market Research Report
Published by: Key Note Publications Ltd
Published: April 2009
Product Code: R310-1685Description The UK market for medical equipment and consumables was worth an estimated £3.83bn in 2008, having increased by 7.6% over the course of the year. Medical equipment is the largest of the two sectors by value and, therefore, accounts for more than half of the market's total value.
The overall market enjoyed strong growth over the review period (2004 to 2008), which was driven by robust increases in spending on the NHS, the increasing sophistication — and, hence, cost — of equipment, and the buoyancy of the economy, which supported spending on private healthcare.
Rapid technological progress has been one of the key features of the medical-equipment market. The need to control the rising cost of healthcare associated with the ageing populations that are the norm in many advanced economies (and some developing countries, e.g the People's Republic of China) is helping to drive technological change. Across the industry, companies are investing heavily in developing new products that integrate the latest information technology in order to reduce the costs of operating the devices, improve accuracy and quicken the pace at which information is processed.
Both sectors of the market have undergone considerable consolidation over the past 10 years. Nevertheless, the range of companies remains broad, ranging from multinational giants such as GE Healthcare (which is owned by the General Electric Company of the US) to small, specialist, innovative firms. Very large consumer-healthcare companies, such as Smith & Nephew and Johnson & Johnson, have an increasingly strong grip on the consumables sector, which is characterised by comparatively low-cost, high-turnover products such as dressings. Here, customers are focused on obtaining the lowest possible price, and giant firms have a huge advantage in terms of their buying power.
Key Note expects the annual growth rate to decline over the forecast period (2009 to 2013), with the medical-devices sector coming off worst, as a result of the slowdown in NHS spending, which will become more pronounced after 2010. Since most medical consumables are low-value, essential products, that sector is likely to fare better. Nevertheless, many new medical devices coming onto the market promise operational cost savings, which could be a major promotional advantage, given the pressures on NHS managers to contain costs.
Table of Contents - Executive Summary
- 1. Market Definition
- REPORT COVERAGE
- MARKET SECTORS
- Medical Equipment
- Medical Consumables
- MARKET TRENDS
- Slowdown in Health Spending
- Government Plans for NHS Reforms
- Advancing the Adoption of Technology
- ECONOMIC TRENDS
- Gross Domestic Product
- Table 1.1: UK Gross Domestic Product at Current and Annual Chain-Linked Prices (£m), 2004-2008
- Household Disposable Income
- Table 1.2: UK Household Disposable Income Per Capita (£), 2003-2007
- Inflation
- Table 1.3: UK Rate of Inflation (%), 2004-2008
- Unemployment
- Table 1.4: Actual Number of Unemployed Persons in the UK (million), 2004-2008
- Population
- Table 1.5: UK Resident Population Estimates by Sex (000), Mid-Years 2004-2008
- MARKET POSITION
- The UK
- Overseas
- Table 1.6: Total Healthcare Spending as a Percentage of Gross Domestic Product by Country (%), 2006
- 2. Market Size
- THE TOTAL MARKET
- Table 2.1: The UK Market for Medical Equipment and Consumables by Sector by Value at Current Prices (£m at msp), 2004-2008
- Figure 2.1: The UK Market for Medical Equipment and Consumables by Sector by Value at Current Prices (£m at msp), 2004-2008
- BY MARKET SECTOR
- Medical Equipment
- Table 2.2: The Medical Equipment Sector by Value at Current Prices (£m at msp and %), 2004-2008
- Medical Consumables
- Table 2.3: The UK Medical Consumables Sector by Value at Current Prices (£m at msp and %), 2004-2008
- OVERSEAS TRADE
- 3. Industry Background
- RECENT HISTORY
- Telemedicine
- NUMBER OF COMPANIES
- Table 3.1: Analysis of UK VAT- and/or PAYE-Based Enterprises Engaged in the Manufacture of Medical and Surgical Equipment and Orthopaedic Appliances by Turnover Sizeband (number and %), 2008
- EMPLOYMENT
- Table 3.2: Analysis of UK VAT- and/or PAYE-Based Enterprises Engaged in the Manufacture of Medical and Surgical Equipment and Orthopaedic Appliances by Employment Sizeband (number and %), 2008
- REGIONAL VARIATIONS IN THE MARKETPLACE
- DISTRIBUTION
- HOW ROBUST IS THE MARKET?
- LEGISLATION
- Medicines and Healthcare products Regulatory Agency
- European Directives
- Medical Devices Directive
- CE Mark
- KEY TRADE ASSOCIATIONS
- Advanced Medical Technology Association
- Association for the Advancement of Medical Instrumentation
- Association of British Healthcare Industries
- European Confederation of Medical Devices Association
- European Diagnostic Manufacturers Association
- GAMBICA
- Other UK Trade Associations and Organisations
- 4. Competitor Analysis
- THE MARKETPLACE
- MARKET LEADERS
- Abbott Laboratories Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- ArjoHuntleigh UK
- Company Structure
- Current and Future Developments
- Financial Results
- Baxter Healthcare Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- Becton, Dickinson UK Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- B Braun Medical Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- GE Healthcare Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- Johnson & Johnson Medical Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- Philips Healthcare UK
- Company Structure
- Current and Future Developments
- Financial Results
- Smith & Nephew PLC
- Company Structure
- Current and Future Developments
- Financial Results
- Other Companies
- OUTSIDE SUPPLIERS
- MARKETING ACTIVITY
- Exhibitions
- 5. Strengths, Weaknesses, Opportunities and Threats
- STRENGTHS
- WEAKNESSES
- OPPORTUNITIES
- THREATS
- 6. Buying Behaviour
- THE NATIONAL HEALTH SERVICE
- Introduction
- Funding
- Management
- Healthcare Spending
- Table 6.1: NHS Expenditure in England (£m), 2002/2003-2010/2011
- Structural Organisation
- England
- Wales
- Scotland
- Northern Ireland
- NHS Purchasing and Supply Agency
- PRIVATE HEALTHCARE
- Table 6.2: UK Consumer Spending on Healthcare by Category of Goods and Services (£m), 2003-2007
- Major Companies
- BUPA
- General Healthcare Ltd
- Nuffield Health Care Ltd
- 7. Current Issues
- NHS CONSTITUTION TO IMPROVE RIGHTS OF PATIENTS
- HEALTH COMMISSION REPORT ON THE NHS
- TECHNOLOGICAL DEVELOPMENTS
- Medical Devices Getting Smaller
- CORPORATE NEWS
- Abbott Laboratories
- Boston Scientific
- 8. The Global Market
- TOTAL MARKET SIZE
- THE US
- EUROPE
- JAPAN
- CHINA AND INDIA
- 9. Forecasts
- INTRODUCTION
- The Economy
- Table 9.1: Forecasts for the UK Economy (%, million and 000), 2009-2013
- FORECASTS 2009 TO 2013
- Table 9.2: The Forecast UK Market for Medical Equipment and Consumables by Sector by Value at Current Prices (£m at msp), 2009-2013
- Figure 9.1: The Forecast UK Market for Medical Equipment and Consumables by Sector by Value at Current Prices (£m at msp), 2009-2013
- MARKET GROWTH
- Figure 9.2: Growth in the UK Market for Medical Equipment and Consumables by Value at Current Prices (£m at msp), 2004-2013
- FUTURE TRENDS
- Demographic Changes
- An Ageing Population
- Table 9.3: UK Population Projections by Age (000), 2006-2031
- A Growing Population
- Sector Dynamics
- Globalisation
- 10. Company Profiles
- Abbott Laboratories Ltd
- Baxter Healthcare Ltd
- Becton, Dickinson UK Ltd
- B Braun Medical Ltd
- GE Healthcare Ltd
- Johnson & Johnson Medical Ltd
- Smith & Nephew PLC
- 11. Further Sources
- Associations
- General Sources
- Government Publications
- Other Sources
- Key Note Sources
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