The forecast shows a gradual increase in the turnover for the manufacture of medical and dental instruments and supplies sector in the UK, rising from £5.39 billion in 2024 to £5.56 billion in 2028. In 2023, the turnover stood at £5.34 billion, marking a steady growth trajectory.
Year-on-year growth is projected to be modest, averaging approximately 0.93%, reflecting a stable yet restrained expansion of the industry. The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is forecasted to be 0.82%, indicating consistent, albeit slow, market progression.
Future trends to watch for include:
- Technological advancements enhancing productivity and efficiency.
- Increasing demand driven by aging populations and healthcare innovations.
- Regulatory changes post-Brexit potentially impacting market dynamics and trade.
