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Medical Equipment - UK - December 2018

“The rising costs associated with healthcare, the pressure on hospital in-patient services, and potential improvements to quality of life are driving a move towards treating patients in their own home. As a result, equipment and devices traditionally associated with hospital use are making their way into the community alongside moves to reduce health issues that normally require hospital care services.”

–    Lewis Cone, Senior B2B Analyst

This report will look at the following areas:

  • Continued tech developments can help achieve efficiency savings and reduce the cost burden on the NHS
  • Manufacturers and the NHS already preparing for Brexit’s impact on supplies

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Table of contents

  1. Overview

    • What you need to know
      • Covered in this Report
      • Executive Summary

          • The market
            • Steep decline in market value expected in 2018
              • Figure 1: UK market for medical equipment, 2014-18, (£ million at MSP)
            • Value of medical equipment has declined whilst value of supplies has remained stable
              • Figure 2: Segmentation of the UK market for medical equipment, 2014-18, (£ million at MSP)
            • Imports and exports of medical equipment record huge decline in value in 2018
              • Figure 3: UK imports of medical equipment, 2014-18, (£ million at CIF)
              • Figure 4: UK exports of medical equipment, 2014-18, (£ million at FOB)
            • Market value expected to return to stable growth from 2020
              • Figure 5: UK market forecast for medical equipment, 2019-23, (£ million at 2018 prices)
            • Companies and brands
              • What we think
              • Issues and Insights

                • Continued tech developments can help achieve efficiency savings and reduce the cost burden on the NHS
                  • The facts
                    • The implications
                      • Manufacturers and the NHS already preparing for Brexit’s impact on supplies
                        • The facts
                          • The implications
                          • The Market – What You Need to Know

                            • Steep decline in market value expected in 2018
                              • Value of equipment sales and supplies expected to rise despite the need to make efficiency savings
                                • X-rays are the most common diagnostic image test, highlighting the importance of having fully functioning equipment
                                • Market Size

                                    • Planned boost to healthcare spending to 2023 could be affected by weaker economic growth, while procurement efficiency gaps seek to be closed
                                      • Steep decline in market value expected in 2018
                                        • Figure 6: UK market for medical equipment, 2014-18, (£ million at MSP)
                                    • Market Segmentation

                                          • Figure 7: Segmentation of the UK market for medical equipment, by type, 2014-18, (£ million at MSP)
                                      • Market Forecast

                                          • Lack of confirmation over future NHS capital funding plans and trade uncertainties will continue to burden growth, despite underlying factors continuing to provide opportunities
                                              • Figure 8: UK market forecast for medical equipment, 2019-23, (£ million at 2018 prices)
                                            • Value of equipment sales and supplies expected to rise despite the need to make efficiency savings
                                                • Figure 9: Market segmentation forecast of the UK medical equipment market, 2019-23, (£ million at 2018 prices)
                                            • The Impact of the Economy

                                              • GDP growth rebounds in Q2 but challenges remain
                                                • Figure 10: GDP growth rate, Q3 2014-Q3 2018, (% change on previous quarter)
                                            • Market Trends

                                                • X-rays are the most common diagnostic image test, highlighting the importance of having fully functioning equipment
                                                    • Figure 11: Count of imaging activity in England, on NHS patients, July 2017-18, (number of patients)
                                                  • The rise in preventative healthcare has redirected the main focus of equipment manufacturers
                                                  • Supply Sources

                                                    • Production
                                                      • Figure 12: UK production of medical equipment, 2014-18, (£ million at MSP)
                                                      • Figure 13: Segmentation of the UK production of medical equipment, by type, 2014-18, (£ million at MSP)
                                                    • Imports
                                                      • Figure 14: UK imports of medical equipment, 2014-18, (£ million at CIF)
                                                      • Figure 15: Segmentation of UK imports of medical equipment, 2014-18, (£ million at CIF)
                                                    • Exports
                                                      • Figure 16: UK exports of medical equipment, 2014-18, (£ million at FOB)
                                                      • Figure 17: Segmentation of UK exports of medical equipment, 2014-18, (£ million at FOB)
                                                  • Market Drivers

                                                    • The number of people with chronic illnesses continues to rise - prompting the need for effective equipment and devices
                                                      • Figure 18: People with long-term and chronic illnesses. in England, 2012/13-2017/18, (million)
                                                    • The UK’s ageing population underpins demand for intensive healthcare
                                                      • Figure 19: UK population estimate and projection, by age group, 2018 and 2023, (000 people)
                                                    • Real-terms NHS spending and capital expenditure expected to increase again in 2018/19, but trusts’ deficit remains
                                                      • Figure 20: NHS expenditure in England, in real terms, 2014/15-2018/19*, (£ billion)
                                                      • Figure 21: NHS capital expenditure in England, in real terms, 2014/15-2018/19*, (£ billion)
                                                    • Brexit agreement on the table but uncertainty remains over long-term regulation
                                                      • Companies increase R&D investment as they target most efficient products in restrictive spending environment
                                                        • Figure 22: R&D investment by healthcare equipment companies, 2017/18, (€ million and %)
                                                      • Number of UK healthcare facilities falls in 2018 despite high demand for healthcare services
                                                        • Figure 23: Number of hospitals/general and special medical practices in the UK, 2014-18, (number)
                                                      • Value of new construction work falls in both the public and private sector
                                                          • Figure 24: New work construction in the public and private health sectors, in Great Britain, 2013-17, (£ million)
                                                      • Companies and Brands – What You Need to Know

                                                        • Changes made to NHS Supply Chain operating model
                                                          • Unified service provision aims to provide greater procurement choice
                                                          • Industry Structure

                                                            • Industry development
                                                              • Changes made to NHS Supply Chain operating model
                                                                • Industry structure
                                                                  • Figure 25: Analysis of the Structure of the medical and dental instruments and supplies manufacturing industry, 2014-18, (number of outlets and businesses)
                                                                  • Figure 26: Analysis of the structure of the irradiation, electro-medical and electrotherapeutic manufacturing industry, 2014-18, (number of outlets and businesses)
                                                                • Structure by employment
                                                                  • Figure 27: Analysis of the employment structure of the medical and dental instrument manufacturing industry, 2017-18, (number of outlets)
                                                                  • Figure 28: Analysis of the employment structure of the irradiation, electro-medical and electrotherapeutic manufacturing industry, 2017-18, (number of outlets)
                                                                • Structure by turnover
                                                                  • Figure 29: Analysis of the financial structure of the medical and dental instrument manufacturing sector, 2017-18, (£ 000 and number of companies)
                                                                  • Figure 30: Analysis of the financial structure of the irradiation, electro-medical and electrotherapeutic sector, 2017-18, (£ 000 and number of companies)
                                                              • Competitive Strategies

                                                                • Unified service provision aims to provide greater procurement choice
                                                                  • Government looks to increase international collaboration levels in the industry
                                                                  • Company Profiles

                                                                    • Abbott Laboratories
                                                                      • Recent company activity
                                                                        • Financial information
                                                                          • Figure 31: Financial analysis of Abbott Laboratories, 2013-17, (£ million)
                                                                        • Baxter Healthcare
                                                                          • Recent company activity
                                                                            • Financial information
                                                                              • Figure 32: Financial analysis of Baxter Healthcare, 2013-17, (£ million)
                                                                            • Becton Dickinson UK
                                                                              • Recent company activity
                                                                                • Financial information
                                                                                  • Figure 33: Financial analysis of Becton Dickinson UK, 2013-17, (£ million)
                                                                                • Corin Group
                                                                                  • Recent company activity
                                                                                    • Financial information
                                                                                      • Figure 34: Financial analysis of Corin Orthopaedics Holdings, 2013-17, (£ 000)
                                                                                    • GE Medical Systems
                                                                                      • Recent company activity
                                                                                        • Financial information
                                                                                          • Figure 35: Financial analysis of GE Medical Systems, 2012-16, (£ million)
                                                                                        • Johnson & Johnson Medical
                                                                                          • Recent company activity
                                                                                            • Financial information
                                                                                              • Figure 36: Financial analysis of Johnson & Johnson Medical, 2012-17****, (£ million)
                                                                                            • Smith & Nephew
                                                                                              • Recent company activity
                                                                                                • Financial Information
                                                                                                  • Figure 37: Financial analysis of Smith & Nephew, 2013-17, ($ million)
                                                                                              • Appendix – Data Sources, Abbreviations and Supporting Information

                                                                                                  • Abbreviations
                                                                                                    • Methodology
                                                                                                    • Further Sources and Contacts

                                                                                                      • Trade associations
                                                                                                        • Trade magazines
                                                                                                          • Trade exhibitions

                                                                                                          Medical Equipment - UK - December 2018

                                                                                                          US $1,272.90 (Excl.Tax)