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Industry Developments
In recent months, the UK Medical Device Market has seen significant developments, especially in regulatory changes and technological advancements. The UK government has emphasized the importance of innovation in medical devices, launching initiatives to streamline NHS procurement processes to better support new technologies from companies such as Baxter International and Medtronic. Notably, the market has experienced strong growth, propelled by increasing healthcare demands and advancements in diagnostic and therapeutic devices. In terms of mergers and acquisitions, in March 2023, Johnson Johnson completed the acquisition of a UK-based medtech firm to enhance its surgical offerings, while in February 2023, Siemens Healthineers announced a strategic partnership with a UK hospital network to jointly develop new imaging technologies. Furthermore, there is increased investment in digital health solutions, underscored by Philips launching a new range of connected health devices tailored for the UK market. The competitive landscape remains dynamic, with firms like Boston Scientific and Stryker focusing on innovations in minimally invasive surgeries, affirming the UK's role as a pivotal hub in the global medical devices ecosystem.
UK Medical Device Devices Market Report Scope
Report Scope
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 32.07(USD Billion) |
| MARKET SIZE 2024 | 34.31(USD Billion) |
| MARKET SIZE 2035 | 72.43(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 7.03% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Baxter International, Medtronic, Smith and Nephew, Johnson and Johnson, Philips, Boston Scientific, Siemens Healthineers, Cardinal Health, Thermo Fisher Scientific, Zimmer Biomet, Becton Dickinson, GE Healthcare, Fresenius Medical Care, Abbott, Stryker |
| SEGMENTS COVERED | Device Type Outlook, Application Outlook, End User Outlook |
| KEY MARKET OPPORTUNITIES | Aging population demand, Digital health integration, Home healthcare devices growth, Advanced surgical technologies adoption, Personalized medicine innovations |
| KEY MARKET DYNAMICS | Regulatory compliance challenges, Technological advancements, Aging population demand, Shift to home healthcare, Cost containment pressure |
| COUNTRIES COVERED | UK |
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FAQs
What is the expected market size of the UK Medical Device Devices Market in 2024?
The UK Medical Device Devices Market is expected to be valued at 34.31 USD Billion in 2024.
What is the projected market value for the UK Medical Device Devices Market by 2035?
By 2035, the UK Medical Device Devices Market is projected to reach a value of 72.43 USD Billion.
What is the expected compound annual growth rate (CAGR) for the UK Medical Device Devices Market from 2025 to 2035?
The expected CAGR for the UK Medical Device Devices Market from 2025 to 2035 is 7.03 %.
What is the market value of the Drug Delivery System segment in 2024?
The Drug Delivery System segment of the UK Medical Device Devices Market is valued at 6.5 USD Billion in 2024.
How much is the Diagnostic Devices segment expected to grow by 2035?
The Diagnostic Devices segment is expected to grow to 22.0 USD Billion by 2035.
What is the projected market value for Invasive Devices in 2024?
Invasive Devices are projected to have a market value of 8.0 USD Billion in 2024.
Who are some of the major players in the UK Medical Device Devices Market?
Major players in the market include Baxter International, Medtronic, Smith and Nephew, and Johnson and Johnson.
What is the forecasted market value of the Electronic Medical Device segment by 2035?
The market value of the Electronic Medical Device segment is expected to be 8.93 USD Billion by 2035.
What challenges could impact the growth of the UK Medical Device Devices Market?
Potential challenges may include regulatory changes and technological advancements requiring adaptation.
How does the market value for Respiratory Therapeutic Devices look for 2024 and 2035?
Respiratory Therapeutic Devices are valued at 5.0 USD Billion in 2024 and are expected to reach 10.0 USD Billion by 2035.
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