The medical supplies and devices manufacturing industry includes about 12,000 companies with combined annual revenue of $78 billion. Large manufacturers include Johnson & Johnson, Baxter, Medtronic, and Boston Scientific. The industry is slightly concentrated: the 50 largest companies hold close to 60 percent of the market.

Medical supply and device manufacturers produce instruments, apparatus, and supplies used in the medical field. The industry doesn't include the manufacture of x-ray or electromedical equipment and devices, such as ultrasound equipment, pacemakers, and electrocardiographs.

COMPETITIVE LANDSCAPE

Demand is driven by population demographics and advances in medical knowledge and technology. The profitability of individual companies depends on the ability to develop superior products. Large companies have economies of scale in manufacturing and R&D. Small companies can compete successfully by specializing in a particular market segment, or through technical innovation. Annual revenue per employee is about $250,000.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major products include surgical and medical instruments such as syringes, hypodermic needles, and catheters (nearly 40 percent of industry revenue), and surgical appliances and supplies such as sutures, surgical dressings, and orthopedic devices (also about 40 percent). Other sources of revenue include lab equipment and furniture (centrifuges, scales, operating tables, hospital beds); ophthalmic goods (prescription glasses, contact lenses); and dental equipment and supplies.

Syringes are typically produced in assembly lines. The basic stages include needle formulation, plastic component molding, piece assembly, packaging, labeling, and shipping. Needles are produced from molten ...

Summary

This report is an essential source for in-depth information and data relating to the UK medical equipment market. The report provides an overview of the market structure, healthcare system, regulatory environment, reimbursement policies, distribution structure and trade associations for the UK medical equipment market. It also offers detailed and comprehensive coverage of market revenue, volume, distribution and company share; and news, financial deals, pipeline products information by medical equipment sector.

Scope
The report provides an overview of the medical equipment industry in UK and provides data and information on each of the key industries - cardiovascular devices, orthopedic devices, anesthesia and respiratory devices, patient monitoring devices, ophthalmic devices, hospital supplies, dental devices, diagnostic imaging devices, endoscopy devices, and in-vitro diagnostics.
It details the healthcare system, market structure, regulatory environment, reimbursement policies, distribution structure and trade associations for UK medical equipment market.
It also provides detailed data on market size by volume and value, key company share information for leading competitors in the market, revenues by distribution channel, and forecasts of market values.
All figures are based on rigorous research methodologies including in-depth primary and secondary research.
Reasons to buy
A single source to fulfill all of your business and competitor intelligence needs
Gain a strong understanding of the countrys medical industry and the 18 key sectors within it.
Evaluate the attractiveness of the geography for medial equipment investment in the light of government policies and the reimbursement regime.
Identify growth segments and opportunities in the industry.
Analyze the competitiveness of the market and target the shares of key competitors.
Develop strategies based on the latest product, brand, and regulatory events.
Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
Identify and analyze the strengths and weaknesses of the industry incumbents.

 

This industry comprises establishments primarily engaged in wholesaling medical professional equipment, instruments, and supplies (except ophthalmic equipment, instruments and goods used by ophthalmologists, optometrists, and opticians). The industry supplies goods to hospitals, private practice, specialists, dental practices and laboratories. Products include surgical and medical equipment, electromedical equipment, laboratory apparatus, hospital beds and furniture, surgical appliances and systems, dental equipment and supplies, and irradiation equipment. In recent years participants have lost sales to manufacturers as customers bypass the wholesaler and purchase direct from the manufacturer.

The Key Statistics chapter provides the key indicators for the industry for at least the last three years. The statistics included are industry revenue, industry gross product, employment, establishments, exports, imports, domestic demand and total wages.

The Market Characteristics chapter covers the following: Market Size, Linkages, Demand Determinants, Domestic and International Markets, Basis of Competition and Life Cycle. The Market Size section gives the size of the domestic market as well as the size of the export market. The Linkages section lists the industry's major supplier and major customer industries. The Demand Determinants section lists the key factors which are likely to cause demand to rise or fall. The Domestic and International Markets section defines the market for the products and services of the industry. This section provides the size of the domestic market and the proportion accounted for by imports and exports and trends in the levels of imports and exports. The Basis of Competition section outlines the key types of competition between firms within the industry as well as highlighting competition from substitute products in alternative industries. The Life Cycle section provides an analysis of which stage of development the industry is at.

The Segmentation chapter covers the following: Products and Service Segmentation, Major Market Segments, Industry Concentration and Geographic Spread. The Products and Service Segmentation section details the key products and/or services provided by this industry, highlighting the most important where possible to demonstrate which have a more significant influence over industry results as a whole. The Major Market Segments section details the key client industries and/or groups as well as giving an indication as to which of these are the most important to the industry. The Industry Concentration section provides an indicator of how much industry revenue is accounted for by the top four players. The Geographic Spread section provides a guide to the regional share of industry revenue/gross product.

The Industry Conditions chapter covers the following: Barriers to Entry, Taxation, Industry Assistance, Regulation and Deregulation, Cost Structure, Capital and Labor Intensity, Technology and Systems, Industry Volatility and Globalization. The Barriers to Entry section outlines factors that can prevent a new company from entering this industry and also gives an indication of the extent to which this occurs. The Taxation section details all kinds of taxation that are specific or are particularly important to this industry, including taxation concessions. The Industry Assistance section refers to any government and/or other measures designed to improve the performance of this industry. The Regulation and Deregulation section details any applicable regulation and/or deregulation to this industry. The Cost Structure section details the average costs for a company operating in this industry as a percentage of total revenue. The Capital and Labor Intensity section provides a guide to the amount of capital used in production/providing a service compared to the amount of labor in the total mix of inputs. The Technology and Systems section acknowledges the latest technology and/or systems available to this industry within the country. Technology refers to machinery and equipment and systems refers to methods of production that enable better and more efficient production. The Industry Volatility section refers to the year on year fluctuations which occur in industry output. The Globalization section gives an indication of the extent to which the industry is global based on factors such as the level of foreign ownership, the proportion of demand accounted for by foreign operators and the volume of production conducted in other countries.

The Performance chapter provides an analysis of both the industry's Current Performance and Historical Performance. The Current Performance section provides the key analysis for the industry over the past five years with key performance indicators discussed. The Historical Performance section details previously important events in the development of the industry.

The Key Competitors chapter lists the major players in the industry as well as an analysis of each major player's activities in the industry. Market share information is included where possible.

The Key Factors chapter covers the industry's Key Sensitivities and Key Success Factors. The Key Sensitivities section outlines the key factors that are outside the control of an operator in the industry, but are likely to have significant impact on a business. The Key Success Factors section details the factors within the control of an industry operator and which should be followed in order to be successful in the industry. Often this will include behavior that will help to minimize the effects of the Key Sensitivities.

The Outlook chapter is a key analysis section of the report and outlines expectations for the key industry indicators over the next five year period, including forecasts.