Medical Equipment 2012

  • July 2012
  • -
  • Key Note Publications Ltd

Executive Summary

The economic downturn in 2008 and the subsequent bank bailouts have put severe strain on Government finances. The current Government has introduced several budget cuts in the public sector in an attempt to eliminate the country’s structural deficit by 2015. The National Health Service (NHS) — the UK’s main purchaser of medical equipment and medical consumables — has been instructed to make efficiency savings worth up to £20bn over the next 3 years, in addition to a 17% reduction in NHS trusts’ capital spending.
Amidst the NHS budgetary cuts and reduced capital expenditure, in 2011, the National Audit Office (NAO) estimated that around half of all NHS computed tomography (CT) and magnetic resonance imaging (MRI) scanners and linear acceleration machines will need replacement within 3 years and 80% of machines are due to be replaced in 6 years. It would cost the NHS an estimated £800m to replace these machines with new ones, which may have a further impact on the NHS spending on other medical devices and consumables. At the same time, spending by the private healthcare sector has also been affected as fewer people have been able to afford private health insurance during the recession.
Key Note estimates that the UK market for medical equipment and consumables was worth £4.52bn in 2011 at manufacturers’ selling prices (msp), having increased by 6.3% over the course of the year. Key factors driving growth are the UK’s growing and ageing population; the rising cost of medical technology and equipment; a greater need to prevent infection in hospitals; and outpatient facilities.
Between 2007 and 2011, the markets for medical equipment and medical consumables grew by 21.7% and 35.1%, respectively. Medical equipment is the largest of the two sectors by value and accounts for more than half of the market’s total value; however, the medical consumables sector has been growing at a faster rate.
Both sectors of the market have undergone considerable consolidation over the last decade. Nevertheless, the range of companies remains broad, ranging from big multinational corporations to small, specialist innovation firms. The market is dominated by very large consumer-health companies, such as Smith & Nephew and Johnson & Johnson.
Key Note predicts that the annual growth rate will decline between 2012 and 2014, as NHS budgets are being curtailed. Spending growth by the private sector may also be subdued, as a result of the sluggish economic recovery. Growth is expected to pick up again from 2015 at 6.2%, followed by 7.5% in 2016.

Table Of Contents

Table of Contents


Medical Equipment 2012
Foreword
Executive Summary
Market Definition
REPORT COVERAGE
MARKET SECTORS
Medical Equipment
Medical Consumables
MARKET TRENDS
Changing Demographics
NHS Budget Savings
Technological Advances
Increasing Use of Diagnostic Systems
ECONOMIC TRENDS
MARKET POSITION
The UK
Overseas
Market Size
THE TOTAL MARKET
BY MARKET SECTOR
Medical Equipment
Medical Consumables
OVERSEAS TRADE
Industry Background
RECENT HISTORY
NUMBER OF COMPANIES
EMPLOYMENT
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
Eucomed
European Diagnostic Manufacturers Association
GAMBICA
Other UK Trade Associations and Organisations
Competitor Analysis
THE MARKETPLACE
MARKET LEADERS
Abbott Laboratories Ltd
ArjoHuntleigh International Ltd
Baxter Healthcare Ltd
Becton, Dickinson UK Ltd
B Braun Medical Ltd
GE Healthcare Ltd
Johnson and Johnson Medical Ltd
Philips Healthcare UK
Smith and Nephew PLC
Other Companies
OUTSIDE SUPPLIERS
MARKETING ACTIVITY
Exhibitions
Strengths, Weaknesses, Opportunities and Threats
STRENGTHS
WEAKNESSES
OPPORTUNITIES
THREATS
Buying Behaviour
THE NHS
Background
NHS in England
NHS Supply Chain
PRIVATE HEALTHCARE
BUPA
General Healthcare Group
Nuffield Health Care Ltd
Current Issues
RESTRUCTURING THE NHS
A FINANCIALLY CONSTRAINED NHS
HALF NHS EQUIPMENT NEEDS REPLACING
NHS PROCUREMENT PLANS
NHS PURCHASES TEN RADIATION THERAPY TREATMENT SYSTEMS
The Global Market
TOTAL MARKET
MAJOR MARKETS
The US
Europe
Asia
Forecasts
INTRODUCTION
The Economy
FORECASTS TO
MARKET GROWTH
FUTURE TRENDS
Demographics
Technological Advances
Medical Consumables
Company Profiles
INTRODUCTION
DEFINITIONS
Turnover (Sales)
Pre-Tax Profit
Profit Margin
Average Remuneration
Sales per Employee
FURTHER INFORMATION
ABBOTT LABORATORIES LTD
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Codes
Structure
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios
ARJOHUNTLEIGH INTERNATIONAL LTD
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Code
Structure
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios
BAXTER HEALTHCARE LTD
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Codes
Structure
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios
BECTON, DICKINSON UK LTD
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Codes
Structure
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios
B BRAUN MEDICAL LTD
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Code
Structure
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios
GE HEALTHCARE LTD
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Codes
Structure
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios
JOHNSON and JOHNSON MEDICAL LTD
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Code
Structure
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios
SMITH and NEPHEW PLC
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Codes
Structure
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios
Further Sources
Associations
Publications
Government Sources
Other Sources
Key Note Sources
Key Note Ltd
Key Note Research
The Key Note Range of Reports

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