Healthy expansion: Growing demand for health care supports revenue, despite limited NHS spending

Industry operators manufacture apparatus and equipment for use in downstream health-care industries. Consequently, industry demand is driven by levels of health-care expenditure and demand for medical and dental services. Factors such as the size and demographic characteristics of the population therefore affect industry performance, while the state of government finances can affect health-care expenditure, influencing spending decisions of downstream operators. International trade has a significant bearing on industry performance, with increased access to health-care services in developing countries supporting export demand over the past five years. A...read more.

Industry Statistics & Market Size
Revenue
£5.2bn
Annual Growth 14-19
2.8%
Forecast Growth 19-24
Profit
Employment
45,654
Businesses
2,072

Industry Threats & Opportunities

  • Exports were supported by the weak pound and access to health care in emerging economies
  • The improving quality of products manufactured overseas has kept import competition high
  • An increase in the Annual Investment Allowance is expected to encourage investment in new technology
  • Industry Report - Industry Investment Chapter

    The level of capital intensity is determined by comparing the human and capital equipment factors of production, using wages and depreciation costs as proxies. Comparatively high depreciation costs indicate substantial investment in depreciable assets such as buildings and equipment, suggesting high capital intensity, whereas comparatively high wage cots indicate high labour intensity.The industry displays a moderate level of capital intensity, with an estimated capital-to-labour ratio of 1:6.31 in 2018-19. This indicates that for every £1.00 spent on capital, industry operators spend approximately £6.31 on labour. The...purchase to read more.

    Additional Insights for the Medical & Dental Instrument Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Medical & Dental Instrument Manufacturing Industry are

  • Access to the latest available and most efficient technology and techniques
  • Establishment of brand names
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as Total health expenditure and Population aged 65 years and over in the Medical & Dental Instrument Manufacturing industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the Medical & Dental Instrument Manufacturing Industry?

    Companies in the Medical and Dental Instrument Manufacturing industry make laboratory apparatus, surgical and medical instruments, surgical appliances and supplies, dental equipment and supplies, orthodontic goods, dentures, and orthodontic appliances. The industry also includes firms that manufacture medical and dental furniture where the additional specific functions determine the purpose of the product, such as dentists’ chairs with built-in hydraulic functions.

    Industry Products
  • Artificial joints and body parts
  • Medical instruments
  • Furniture
  • Dental products
  • Products and parts related to eye care
  • Industry Activities
  • Manufacturing surgical drapes and sterile string and tissue
  • Manufacturing dental preparations, artificial teeth and bridges, dental instruments and dental lab furnaces
  • Manufacturing bone reconstruction cements
  • Manufacturing laboratory ultrasonic cleaning machinery
  • Manufacturing laboratory sterilisers
  • Manufacturing laboratory-type distilling apparatus and laboratory centrifuges
  • Manufacturing medical, surgical, dental or veterinary furniture
  • Manufacturing bone plates and screws, syringes, needles, catheters and cannulae
  • Manufacturing orthopaedic and prosthetic devices
  • Manufacturing ophthalmic goods, eyeglasses, sunglasses, prescription lenses and safety goggles
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Total health expenditure
  • Population aged 65 years and over
  • Level of obesity
  • Population
  • Real effective exchange rate
  • MSCI World Index

  • Current Performance
  • Domestic demand conditions
  • International competition
  • Profit growth
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry investment
  • Demand trends
  • Trade conditions
  • Future uncertainties
  • Profit performance
  • Table: Medical & Dental Instrument Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Medical & Dental Instrument Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Hospitals
  • General Medical Practices
  • Specialist Medical Practices
  • Dental Practices
  • Diagnostic & Ambulance Services
  • Residential Nursing Care

  • Key Selling Industries
  • Chemical Product Manufacturing
  • Primary Form Plastics Manufacturing

  • Products & Services
  • Other
  • Products and parts related to eye care
  • Medical instruments
  • Artificial joints and body parts
  • Dental products
  • Furniture
  • Chart: Medical & Dental Instrument Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Wholesalers
  • National Health Service
  • Other health-care providers
  • Chart: Major Market Segmentation for the Medical & Dental Instrument Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesDepreciationOther Costs
  • Chart: Cost Structure Benchmarking – Sector vs Medical & Dental Instrument Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Medical & Dental Instrument Manufacturing Industry

  • Industry Globalization
    Smith & Nephew plc, Smiths Group plc,
  • Table: Smith & Nephew plc - financial performance
  • Table: Smiths Group plc - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Medical & Dental Instrument Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Medical & Dental Instrument Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Marketing (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Catheter
  • A thin tube made from medical grade materials serving a broad range of functions.
  • Ophthalmic Instruments
  • Instruments used to prevent, diagnose and treat potential eye damage, disease or injuries.
  • Orthopaedics
  • The medical specialty involving the diagnosis and treatment of disorders of the bones and the tissues that connect them.
  • What Our Customers Say

    Why buy this report?

    The Medical & Dental Instrument Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Medical & Dental Instrument Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Medical & Dental Instrument Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Medical & Dental Instrument Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Would you like to speak to an IBISWorld representative?

    clear