The market is dominated by foreign suppliers, as imports account for 79.6% of total market size in 2023. B2B drives market demand, with B2B spending representing 79.3% of total demand in 2023. The UK has the fifth largest market size for medical and surgical equipment regionally, with demand reaching USD14.3 billion in 2023. Medtronic Ltd is the largest company in the UK, generating 10.4% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 31.9% of total production value in 2023. The total number of companies decreases in 2023, to 7,164 units. The costs of the industry increase by 5.7% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 19.6% of production value in 2023, the 13th highest regionally. The industry’s exports share decreases in 2023 to 71.7% of total production output. With production value of USD8.9 billion, the UK accounts for 6.1% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Medical and Surgical Equipment in the United Kingdom: ISIC 3311. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Medical and Surgical Equipment in the United Kingdom: ISIC 3311 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Pharmaceuticals and Medical Equipment is an aggregation of Pharmaceuticals, Medical and Surgical Equipment.
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