United Kingdom Medical Devices Report Q4 2014, New Report Launched

The UK medical device market continues to be one of the strongest performers in the region, with growth of around 7% per annum forecast to 2018. This growth could however be tempered slightly if the Department of Health's efficiency programme is successfully implemented, as it aims to

radically change the pricing, supply chain and procurement of medical devices in the NHS with the introduction of bar-coding and a single price comparison mechanism throughout the country amongst the initiatives on the cards. The programme will start with a couple of NHS trusts and the target for complete roll out is 2017.

Headline Industry Forecasts

• The UK has one of the largest medical device markets in the world, valued at US$10.2bn in 2013. The market is the sixth largest in the world and third largest in Europe. Per capita expenditure was equal to
• US$162 in 2013. The UK market for medical devices is projected to increase by 6.8% per annum to attain a value of US$14.2bn by 2018.
• The growth of the UK medical device market is predominantly import-led and this has led to a succession of trade deficits since 2001. A significant portion of the market, around 75% of the total, is made up of imports. In US dollar terms, medical device imports grew by 7.3% in 2013 to reach US $7,816.5mn. Based on latest collated monthly data to year ending June 2014, imports rose by 8.6% to US $8,198.7mn.

Spanning over 172 pages, “United Kingdom Medical Devices Report Q4 2014” report covering the Medical Device Market, Industry Forecast, Macroeconomic Forecasts, Market Overview, Methodology.

Know more about this report at – http://mrr.cm/ZDK

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