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Medical & Orthopaedic Supplies Retailers in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Medical & Orthopaedic Supplies Retailers Market Research Report | SIC G47.740 | Nov 2016

Moving ahead: NHS competition has fallen and demand is anticipated to continue increasing

IBISWorld’s Medical & Orthopaedic Supplies Retailers market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Specsavers Limited Specsavers Limited market share
Industry Statistics & Market Size
Revenue
£913m
Annual Growth 12-17
4.7%
Annual Growth 17-22
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Profit
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Employment
7,691
Businesses
1,299
Industry Analysis & Industry Trends

The Medical and Orthopaedic Supplies Retailers industry is forecast to perform strongly over the five years through 2016-17. Its largest market, those aged 65 and over, is growing as the UK population ages. This means the industry's products are in greater demand because an older population is more likely to need products and services that help with mobility and hearing defects. The development of more technologically advanced products has also spurred demand. Over the five years through 2016-17, industry revenue is expected to increase at a compound annual rate of 4.7%. This includes a forecast rise of 2.8% in the current year, which is projected to bring total industry revenue to £913 million... purchase to read more

Industry Report - Industry Investment Chapter

The Medical and Orthopaedic Supplies Retailers industry has a low level of capital intensity, which is characteristic of the labour-intensive retailing sector. Labour costs are generally incurred through the need to hire knowledgeable and efficient staff members. For hearing aid retailers, qualified audiologists are often required to conduct tests for customers and to fit in hearing aids. For other retailers, staff members are required to have a reasonable knowledge of the products in order to effectively assist customers. Other employees are expected to stock the shop floors, carry out sales, and perform administrative duties that arise in line with the running of the business. Wages are estimated to account for 19.3% of revenue in 2016-17.

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Industry ProductsRelated ReportsTable of Contents

What is the Medical & Orthopaedic Supplies Retailers Industry?

Operators in this industry retail medical and orthopaedic equipment, including mobility aids, hearing aids and other orthopaedic equipment. Operators also test and fit customers with the products. This industry excludes wholesaling and optical product retailing.

Industry Products
Hearing aids and testsMobility aidsOrthotic and prosthetic equipmentOther medical supplies
 
Industry Activities
Selling mobility aidsSelling hearing aidsSelling other medical and orthopaedic equipment


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