UK Medical Equipment Market Growth, Size, Trends, Share, Revenue, Demand and Future Outlook
United Kingdom Medical Equipment Market Size- By Product Type, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Dec-2023 | Report ID: MEDE2336 | Pages: 1 - 103 | Formats*: |
| Category : Medical Devices | |||
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 |
| Regions covered | South Africa, Saudi Arabia, Rest of Middle-East and Africa |
| 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 Application: |
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| By Region: |
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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 report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the United Kingdom Medical Equipment Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. United Kingdom Medical Equipment Market Manufacturing Base Distribution, Sales Area, Product Type6.2. 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, 2023-20337.2. Diagnostic Supplies7.3. Dialysis Consumables7.4. Disinfectants7.5. Infusion & Injectable Supplies7.6. Intubation & Ventilation Supplies7.7. Personal Protective Equipment7.8. Radiology Consumables7.9. Sterilization Consumables7.10. Wound Care Consumables7.11. 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, 2023-20338.2. Cardiology8.3. Infection Control8.4. IVD8.5. Radiology8.6. Respiratory8.7. Urology8.8. Wound Care8.9. 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 2023-20339.2. Hospitals9.3. Clinics/Physician Offices9.4. 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 England14.4. Greater London14.5. North West England14.6. Northern Ireland14.7. Scotland14.8. South East England14.9. West Midlands
15. Company Profile
15.1. 3M Company15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. B. Braun Melsungen AG15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. Boston Scientific Corporation15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. Dickinson and Company15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. Johnson & Johnson Services15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. Medtronic plc15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments15.7. Smith & Nephew15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments15.8. Thermo Fisher Scientific Inc.15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments15.9. 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.
Frequently Asked Questions About This Report
United Kingdom Medical Equipment Market is projected to reach USD XX billion by 2033, growing at a CAGR of XX% during the forecast period.
United Kingdom Medical Equipment Market grew in market size from 2023. The Market is expected to reach USD XX billion by 2033, at a CAGR of XX% during the forecast period.
United Kingdom Medical Equipment Market CAGR of XX% during the forecast period.
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United Kingdom Medical Equipment Market size is USD XX billion from 2023 to 2033.
United Kingdom Medical Equipment Market Segment is Covered By Product Type, By Application, By End-User
The Europe region is anticipated to have the highest market share in United Kingdom Medical Equipment Market.
The key players in the market include 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
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.
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