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United Kingdom - Instruments Used in Medical Sciences - Market Analysis, Forecast, Size, Trends and Insights
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View PricingUnited Kingdom: Medical Instruments Market 2024
Medical Instruments Market Size in the UK
The UK medical instruments market shrank sharply to $X in 2022, waning by -76.2% against the previous year. Overall, consumption showed a deep contraction. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.
Medical Instruments Production in the UK
In value terms, medical instruments production contracted rapidly to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of 210% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.
Medical Instruments Exports
Exports from the UK
Medical instruments exports from the UK shrank markedly to X tons in 2022, with a decrease of -17.4% compared with the previous year's figure. Overall, exports, however, posted a resilient increase. The growth pace was the most rapid in 2021 when exports increased by 108% against the previous year. As a result, the exports reached the peak of X tons, and then dropped dramatically in the following year.
In value terms, medical instruments exports contracted to $X in 2022. In general, total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.9% against 2016 indices. The growth pace was the most rapid in 2021 when exports increased by 52% against the previous year. As a result, the exports attained the peak of $X, and then contracted in the following year.
Exports by Country
Belgium (X tons) was the main destination for medical instruments exports from the UK, with a 47% share of total exports. Moreover, medical instruments exports to Belgium exceeded the volume sent to the second major destination, the Netherlands (X tons), fivefold. The third position in this ranking was taken by Ireland (X tons), with a 9% share.
From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium stood at +28.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+15.3% per year) and Ireland (+7.9% per year).
In value terms, the Netherlands ($X), the United States ($X) and Belgium ($X) constituted the largest markets for medical instruments exported from the UK worldwide, with a combined 53% share of total exports.
Belgium, with a CAGR of +12.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2022, the average medical instruments export price amounted to $X per ton, surging by 13% against the previous year. Overall, the export price, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2020 an increase of 43% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.2%), while the prices for the other major destinations experienced mixed trend patterns.
Medical Instruments Imports
Imports into the UK
In 2022, imports of instruments used in medical sciences into the UK fell rapidly to X tons, declining by -64% compared with the year before. Over the period under review, imports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2019 with an increase of 67% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then plummeted in the following year.
In value terms, medical instruments imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports by Country
In 2022, Germany (X tons) constituted the largest medical instruments supplier to the UK, with a 42% share of total imports. Moreover, medical instruments imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. France (X tons) ranked third in terms of total imports with an 11% share.
From 2012 to 2022, the average annual growth rate of volume from Germany stood at +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-2.0% per year) and France (-5.8% per year).
In value terms, the largest medical instruments suppliers to the UK were the Netherlands ($X), Germany ($X) and the United States ($X), with a combined 45% share of total imports. Belgium, China, Ireland, France, Italy, Pakistan and Lithuania lagged somewhat behind, together comprising a further 34%.
Ireland, with a CAGR of +21.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average medical instruments import price stood at $X per ton in 2022, increasing by 295% against the previous year. In general, the import price posted a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for France ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+27.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the medical instruments market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32501333 - Instruments and apparatus for measuring blood-pressure (including sphygmomanometers, tensiometers, oscillometers)
- Prodcom 32501335 - Endoscopes for medical purposes
- Prodcom 32501353 - Renal dialysis equipment
- Prodcom 32501355 - Diathermic apparatus (including ultrasonic)
- Prodcom 32501363 - Transfusion apparatus (excluding special blood storage glass bottles)
- Prodcom 32501365 - Anaesthetic apparatus and instruments
- Prodcom 32501370 - Instruments and appliances used in medical, surgical or veterinary sciences, n.e.s.
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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