Abstract
The UK medical device market is the third largest in Europe behind Germany and
France. This report is ideal for executives wanting to understand the key
drivers in the medical market and have access to a wealth of statistical data,
including five-year market projections. Included with the report are 3 free
quarterly updated outlook reports, enabling you to keep up to date with market
developments for a year.
The UK has one of the largest medical device markets in the world, valued at
US$5.6 billion. The market is the third largest in Europe behind Germany and
France. Per capita expenditure is, by comparison, much lower and is similar to
that of Belgium, equal to US$92.
Increased government funding is guaranteed until 2008; a spending review is
planned for 2007 but it is unlikely that the current levels of expenditure
will remain, which will allow the private sector to develop further.
In an effort to reduce waiting lists, the government is looking to contract
private organisations to operate and manage the new independent treatment
centres. It is thought that these new centres will focus towards the less
costly and quicker operations, which may deepen the funding problems that
currently face many NHS hospitals.
The growth of the UK medical device market is predominantly import led as many
of the domestic manufacturers are not able to rapidly adjust to changes in
demand. This led to a trade deficit for the second year in succession in 2003.
Payment by Results represents a dramatic change in how the NHS is financed and
is key to the government's healthcare modernisation plans. Although the new
financing system may present opportunities to the NHS, it also creates an
unprecedented level of financial risk for Primary Care Trusts.
This report comprises four main sections: Medical Device Market Outlook,
Background Data, Healthcare System, and Accessing the Medical Device Market.
The Outlook section provides analysis of the market and five-year forecasts by
technology category, national data projections and key market developments.
Other sections provide a wealth of background and market access information,
including population trends, morbidity and mortality, health expenditure,
organisation & administration, hospital services, ambulatory care, medical
personnel, trade data and essential industry contacts.
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