Industry Analysis & Industry Trends
Demand for medical and dental instruments is driven by demand for medical and dental services due to population growth, population ageing, lifestyle choices and expectations of medical and oral-care outcomes. Prevailing macroeconomic conditions also influence the level of spending on medical services, and affect the demand for medical and dental instruments.
Exports account for a significant share of local manufacturers' sales, while imports account for a significant share of the local market. The markets for the types of equipment manufactured by the industry are generally highly globalised, and few UK-based manufacturers hold significant market shares for the products they sell, either in local or global markets... purchase to read more
Industry Report - Starting a New Business Chapter
There are a number of barriers to enter into this industry, such as government policy and regulation, the rate of technological change, research and development (R&D) costs, and access to highly skilled staff. Overall, the barriers to entry are high and steady.
Government policy can hinder access for new entrants. Medical instruments are usually subject to the general controls of health authorities. Increasing quality and performance accreditation required by government and customer markets represent barriers to entry for firms joining the industry. Without proper quality and performance accreditation, businesses can be restricted in the types of customers that they sell to. The high cost of insurance against product liability claims can be another issue for firms... purchase to read more