Analysis of UK’s Medical Equipment Industry Reveals Growth Factors Expected to Influence Market till 2022

Published on : Jan 24, 2018

Albany, New York, January 24, 2018: The UK has one of the largest medical device markets in the world. It has been analyzed by the study that the UK’s aging population underpins demand for intensive health care, therefore requires effective treatment methods. With the advent of several advantageous medical equipments, the healthcare industry is also displaying significant growth opportunities for the market. Considering these facts, Market Research Hub (MRH) has freshly broadcasted a study titled “Medical Equipment - UK - December 2017” to its mega-repository which provides detailed information and understanding of the medical equipment sector. Also, the report discusses that which sectors of the medical equipment market are expected to provide the best growth prospects in the coming years.

As the number of people with chronic illnesses continues to rise, the burden on healthcare services is also increasing. Rising demand for healthcare services has expanded the number of UK healthcare facilities, thus the demand for medical equipment is growing. Medical equipment manufacturers have traditionally sought to expand their range of products and services by collaborating with companies that can offer complementary products and services to their platform. Such collaborations are now stirring not only through traditional acquisitions and formal partnerships, but also through asset swaps, carve outs, and transaction collaborations across the industry.

According to the research findings, a short decline in market value expected in 2017. The research points out the major trends present in the market such as,

  • More healthcare providers are leasing and renting equipment
  • Current equipment stock remains under-utilized
  • Level of subcontracting of low-value product manufacture to developing countries is on the rise
  • Industry consolidation continues, but generally low asset availability has increased deal prices

Why Buy this Report?

The report on medical equipment UK is a comprehensive one that highlights the dynamics that drive the industry. The ample opportunities in this sector have been investigated in great detail along with the market drivers, restraints, opportunities, and threats that could impact it. The current market scenario is analyzed and this should give readers an idea of the future prospects of the medical equipment industry. This report further comprises industry leaders’ opinions and insights.

A competition dashboard of the key stakeholders including Abbott Laboratories, B. Braun Medical, Baxter Healthcare, Atlas Copco Medical, Clement Clarke International, Corin Group, Becton Dickinson, Smith & Nephew, Oxford Instruments, Spacelabs Healthcare, GE Medical Systems and Johnson & Johnson Medical, are also mentioned in the study. In addition, the research explains that how manufacturers will respond to the threat of new market entrants from the technology sector. Brexit impact on the manufacturers of medical equipment is analyzed. As per the report, uncertainty around the outcome of Brexit has deteriorated short-term economic outlook and could affect industry development.

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