Boston, MA -- (SBWIRE) -- 09/20/2013 -- OVERVIEW OF THE MEDICAL MARKET IN THE UNITED KINGDOM
The UK has one of the largest medical device markets in the world, valued at US$9.9bn in 2013. The domestic market is the sixth largest in the world and third largest in Europe. Per capita expenditure is equal to US$157. The UK market for medical devices is projected to increase by 7.3% per annum to attain a value of US$14.1bn by 2018.

The growth of the UK medical device market is predominantly import-led as many domestic manufacturers are not able to rapidly adjust to changes in demand. This has led to a succession of trade deficits since 2001. A significant portion of the market, around 74% of the total, is made up of imports. These have started displaying growth again in 2011 and 2012. Latest cumulative monthly data for the 12 months to March 2013 shows that imports grew by 1.2% in US dollar terms over the previous corresponding 12-month total.

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