United Kingdom Medical Equipment Market Introduction and Overview
According to SPER Market Research, the United Kingdom Medical Equipment Market is estimated to reach USD XX billion by 2033 with CAGR of XX%.
The report includes an in-depth analysis of the United Kingdom Medical Equipment Market, including market size and trends, product mix, applications, and supplier analysis. Devices, instruments, machinery, or tools used in healthcare settings for the purpose of diagnosing, monitoring, treating, or preventing medical disorders are referred to as medical equipment. These instruments are essential to the delivery of healthcare because they help medical practitioners diagnose patients accurately, treat them, and keep an eye on their health. A vast array of gadgets created for a variety of uses, such as surgical operations, patient monitoring, rehabilitation, and diagnostic imaging, are included in the category of medical equipment.
- February 2022: Medtronic plc launched the NuVent Eustachian tube dilation balloon. The purpose of the tube is to treat obstructive and chronic tube dysfunction.
- April 2022: The FDA granted Boston Scientific Corporation 510(k) clearance in April 2022 for its EMBOLD Fibered Detachable Coil. The peripheral vasculature's blood flow will be obstructed by the coil.
Market Opportunities and Challenges
The need for new and improved medical equipment is driven by innovation and technological breakthroughs in the field of medicine. A concentration on research and development results in the production of state-of-the-art medical gadgets, which benefits the UK industry. The United Kingdom's aging population is a factor in the rising demand for medical devices and healthcare services. Since elderly patients frequently need additional medical procedures, there is a rising market for products that address age-related health problems. The need for medical devices that support diagnosis, monitoring, and treatment is growing due to the increased prevalence of chronic diseases like diabetes, cardiovascular problems, and respiratory conditions.
Market faces certain set of challenges. Following intricate and changing legal requirements; for example, the UK may continue to abide by the Medical Devices Regulation (MDR) in the EU after Brexit. Overcoming obstacles to market access and guaranteeing payment for medical devices, particularly in light of the National Health Service's (NHS) financial limits and changes in healthcare regulations. Maintaining a leading edge in technology and making sure that gadgets are equipped with the newest developments, which could necessitate large expenditures in R&D. Addressing the growing concern about cyber-security dangers in medical devices, making sure patient data is protected, and making sure linked devices operate securely. Facing competition from international markets, which could include new entrants into the medical device sector as well as well-established firms from other nations.
Market Competitive Landscape
Because there are many enterprises that operate both locally and globally, the medical supplies market is fragmented. Businesses engage in partnerships, mergers, expansions, acquisitions, and product development as tactical means of increasing their brand awareness among consumers. Some of major players are Medtronic plc, Cardinal Health, Becton, Dickinson and Company, Johnson & Johnson Services, Inc., B. Braun Melsungen AG, Boston Scientific Corporation, Thermo Fisher Scientific, Inc., Baxter, 3M Company, and Smith & Nephew and various others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By Application, By End-User
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| Regions covered | South Africa, Saudi Arabia, Rest of Middle-East and Africa
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| Companies Covered | Medtronic plc, Cardinal Health, Becton, Dickinson and Company, Johnson & Johnson Services, Inc., B. Braun Melsungen AG, Boston Scientific Corporation, Thermo Fisher Scientific, Inc., Baxter, 3M Company, and Smith & Nephew and various others
|
COVID-19 Impact on United Kingdom Medical Equipment Market
The pandemic affected the availability of raw materials and parts for medical equipment by upsetting worldwide supply lines. Distribution and manufacturing were delayed as a result. The COVID-19 pandemic has resulted in an unparalleled need for critical care equipment, including respiratory support devices, ventilators, and monitoring systems. It was difficult for manufacturers to supply the unexpectedly high demand for these products. Redistributing resources was necessary for hospitals and other healthcare facilities to meet the urgent needs of COVID-19 patients. This had an impact on other medical equipment improvements and planned acquisitions.
Key Target Audience:
- Consumers Healthcare Providers
- Physicians and Healthcare Practitioners
- Procurement and Purchasing Managers
- Regulatory Authorities
- Research and Development Professionals
- Educational Institutions
- Health Technology Assessment (HTA) Bodies
- Health Insurance Companies
Our in-depth analysis of the United Kingdom Medical Equipment Market includes the following segments:
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By Product Type:
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Diagnostic Supplies
Dialysis Consumables
Disinfectants
Infusion & Injectable Supplies
Intubation & Ventilation Supplies
Personal Protective Equipment
Radiology Consumables
Sterilization Consumables
Wound Care Consumables
Other Medical Supplies
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By Application:
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Cardiology
Infection Control
IVD
Radiology
Respiratory
Urology
Wound Care
Other Applications
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By End-User:
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Hospitals
Clinics/Physician Offices
Other End Users
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By Region:
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Cambridge and East of England
Greater London
North West England
Northern Ireland
Scotland
South East England
West Midlands
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Key Topics Covered in the Report:
- United Kingdom Medical Equipment Market Size (FY’2023-FY’2033)
- Overview of United Kingdom Medical Equipment Market
- Segmentation of United Kingdom Medical Equipment Market By Product Type (Diagnostic Supplies, Dialysis Consumables, Disinfectants, Infusion & Injectable Supplies, Intubation & Ventilation Supplies, Personal Protective Equipment, Radiology Consumables, Sterilization Consumables, Wound Care Consumables, Other Medical Supplies)
- Segmentation of United Kingdom Medical Equipment Market By Application (Urology, Wound Care, Radiology, Respiratory, Infection Control, Cardiology, IVD, Other Applications)
- Segmentation of United Kingdom Medical Equipment Market By End-User (Hospitals, Clinics/Physician Offices, Other End Users)
- Statistical Snap of United Kingdom Medical Equipment Market
- Expansion Analysis of United Kingdom Medical Equipment Market
- Problems and Obstacles in United Kingdom Medical Equipment Market
- Competitive Landscape in the United Kingdom Medical Equipment Market
- Impact of COVID-19 and Demonetization on United Kingdom Medical Equipment Market
- Details on Current Investment in United Kingdom Medical Equipment Market
- Competitive Analysis of United Kingdom Medical Equipment Market
- Prominent Players in the United Kingdom Medical Equipment Market
- SWOT Analysis of United Kingdom Medical Equipment Market
- United Kingdom Medical Equipment Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the United Kingdom Medical Equipment Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. United Kingdom Medical Equipment Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United Kingdom Medical Equipment Market
7. United Kingdom Medical Equipment Market, By Product Type (USD Million)
7.1. United Kingdom Medical Equipment Market Value Share and Forecast, By Product Type, 2023-2033
7.2. Diagnostic Supplies
7.3. Dialysis Consumables
7.4. Disinfectants
7.5. Infusion & Injectable Supplies
7.6. Intubation & Ventilation Supplies
7.7. Personal Protective Equipment
7.8. Radiology Consumables
7.9. Sterilization Consumables
7.10. Wound Care Consumables
7.11. Other Medical Supplies
8. United Kingdom Medical Equipment Market, By Application (USD Million)
8.1. United Kingdom Medical Equipment Market Value Share and Forecast, By Application, 2023-2033
8.2. Cardiology
8.3. Infection Control
8.4. IVD
8.5. Radiology
8.6. Respiratory
8.7. Urology
8.8. Wound Care
8.9. Other Applications
9. United Kingdom Medical Equipment Market, By End-User (USD Million)
9.1. United Kingdom Medical Equipment Market Value Share and Forecast, By End-User 2023-2033
9.2. Hospitals
9.3. Clinics/Physician Offices
9.4. Other End Users
10. United Kingdom Medical Equipment Market Forecast, 2019-2033 (USD Million)
10.1. United Kingdom Medical Equipment Market Size and Market Share
11. United Kingdom Medical Equipment Market, By Product Type, 2019-2033 (USD Million)
11.1. United Kingdom Medical Equipment Market Size and Market Share By Product Type (2019-2026)
11.2. United Kingdom Medical Equipment Market Size and Market Share By Product Type (2027-2033)
12. United Kingdom Medical Equipment Market, By Application, 2019-2033 (USD Million)
12.1. United Kingdom Medical Equipment Market Size and Market Share By Application (2019-2026)
12.2. United Kingdom Medical Equipment Market Size and Market Share By Application (2027-2033)
13. United Kingdom Medical Equipment Market, By End-User, 2019-2033 (USD Million)
13.1. United Kingdom Medical Equipment Market Size and Market Share By End-User (2019-2026)
13.2. United Kingdom Medical Equipment Market Size and Market Share By End-User (2027-2033)
14. United Kingdom Medical Equipment Market, By Region, 2019-2033 (USD Million)
14.1. United Kingdom Medical Equipment Market Size and Market Share By Region (2019-2026)
14.2. United Kingdom Medical Equipment Market Size and Market Share By Region (2027-2033)
14.3. Cambridge and East of England
14.4. Greater London
14.5. North West England
14.6. Northern Ireland
14.7. Scotland
14.8. South East England
14.9. West Midlands
15. Company Profile
15.1. 3M Company
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. B. Braun Melsungen AG
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. Boston Scientific Corporation
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. Dickinson and Company
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. Johnson & Johnson Services
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. Medtronic plc
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. Smith & Nephew
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. Thermo Fisher Scientific Inc.
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments
15.9. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
