Industry Analysis & Industry Trends
Demand for electromedical and imaging equipment is being driven by a rise in demand for health-care services. Population growth, population ageing and lifestyle choices are expected to have increased demand for health-care services. However, the domestic industry is small in comparison with the wider global market, while US and to a lesser extent German companies soak up the largest proportion of revenue. The four largest players in the UK industry generate approximately 62.9% of the industry's annual revenue. The number of enterprises operating in the industry is estimated to increase at a compound annual rate of 9% over the five years through 2016-17, indicating the existence of opportunities for UK operators.
The industry is expected to generate revenue of £1.3... purchase to read more
Industry Report - Industry Investment Chapter
The industry has a medium level of capital intensity. Labour costs are relatively high in the industry, with wage costs accounting for about 14.2% of revenue in 2016-17, while depreciation charges represent an estimated 2.6% of annual revenue. This indicates that for every £1.00 spent on capital, operators are expected to spend £5.76 on wages.
Although the industry relies on high levels of technology, wage costs are expected to be substantial due to the use of highly skilled employees in the areas of research and development, production and sales. An increased use of machinery in production processes, along with growing sales, has increased productivity and enabled scale economies. However, this could lead to a higher level of capital intensity for industry operators. The.. purchase to read more