The bigger picture: The ageing and expanding of UK population will support further growth

Demand for electromedical and imaging equipment is being driven by a rise in demand for health-care services. The growing and ageing of the UK population along with poor lifestyle choices are expected to have increased demand for health-care services. However, the domestic industry is small in comparison with the wider global industry, as US and, to a lesser extent, German companies soak up the largest proportion of international revenue. The four largest players in the UK industry are expected to generate approximately 58.7% of revenue in the current year. The number of enterprises operating in the industry is projected to increase at a compound annual rate of 9.2% over the five years through 2017-18, indicating the existence of opportunities for UK operators...read more.

Industry Statistics & Market Size
Revenue
£1.3bn
Annual Growth 13-18
2.3%
Forecast Growth 18-23
Profit
Employment
5,300
Businesses
143

Industry Threats & Opportunities

  • Research and development has allowed firms to maintain their position on the global market
  • In 2014-15, strong external competition negatively affected the major players and caused revenue to fall
  • Demand for endoscopes is expected to rise over the next five years as the UK population ages further
  • Industry Report - Industry Locations Chapter

    Industry establishments are predominantly located in the East and South East of England. This is a result of a combination of factors, such as where major players were founded, proximity to customers and export markets, proximity to complimentary industries such as software and electronic component manufacturing, and proximity to low-cost raw materials and labour. Locations that meet these ideals are expected to reduce costs for industry operators, increasing their competitiveness and therefore potential revenue.The South East and East of EnglandThe East and South East of England combined are home to almost half of all industry establishments. Both Elekta and Varian have manufacturing centres in Crawley in the South East. Sie...purchase to read more.

    Additional Insights for the Electromedical & Imaging Equipment Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Electromedical & Imaging Equipment Manufacturing Industry are

  • Access to the latest available and most efficient technology and techniques
  • Having links with suppliers
  • Establishment of export markets
  • IBISWorld analysts also discuss how external factors such as Population aged 65 years and over and Total health expenditure in the Electromedical & Imaging Equipment Manufacturing industry impact industry performance..

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    What's in this report

    What is the Electromedical & Imaging Equipment Manufacturing Industry?

    Operators in this industry manufacture irradiation, electromedical and electrotherapeutic equipment. Among other activities, the industry includes the manufacture medical equipment such as pacemakers and hearing aids.

    Industry Products
  • Health apparatus based on X-rays
  • Industrial apparatus based on X-rays
  • X-ray generators
  • Electro-diagnostic apparatus
  • Oxygen therapy apparatus
  • Hearing aids
  • Industry Activities
  • Manufacturing irradiation apparatus and tubes
  • Manufacturing computed tomography (CT) scanners
  • Manufacturing positron emission tomography (PET) scanners
  • Manufacturing magnetic resonance imaging (MRI) equipment
  • Manufacturing medical ultrasound equipment
  • Manufacturing electrocardiographs
  • Manufacturing electromedical endoscopic equipment
  • Manufacturing medical laser equipment
  • Manufacturing pacemakers
  • Manufacturing food and milk irradiation equipment
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Population aged 65 years and over
  • Total health expenditure
  • Real government consumption expenditure
  • Health consciousness
  • Real effective exchange rate

  • Current Performance
  • Government cuts impair demand
  • Changing revenue sources
  • Treating baby boomers
  • Employment

    and wages

  • Chart: Revenue Growth

  • Industry Outlook
  • Ageing population
  • Capital funding
  • Table: Electromedical & Imaging Equipment Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Electromedical & Imaging Equipment Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Hospitals
  • General Medical Practices
  • Specialist Medical Practices
  • Diagnostic & Ambulance Services

  • Key Selling Industries
  • Electronic Component Manufacturing
  • Loaded Electronic Board Manufacturing

  • Products & Services
  • Electro-diagnostic apparatus
  • Health apparatus based on X-rays
  • Industrial apparatus based on X-rays
  • Oxygen therapy apparatus
  • Other
  • Hearing aids
  • X-ray generators
  • Chart: Electromedical & Imaging Equipment Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Health-care providers
  • Wholesalers
  • Cosmetic and dental operators
  • Chart: Major Market Segmentation for the Electromedical & Imaging Equipment Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesResearch and developmentDepreciationRent and utilitiesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Electromedical & Imaging Equipment Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Electromedical & Imaging Equipment Manufacturing Industry

  • Industry Globalization
    Elekta Limited, Varian Medical Systems UK Ltd, Rapiscan Systems Ltd, Siemens Healthcare Diagnostics Manufacturing Limited,
  • Table: Elekta Limited - financial performance
  • Table: Varian Medical Systems UK Ltd - financial performance
  • Table: Rapiscan Systems Ltd - financial performance
  • Table: Siemens Healthcare Diagnostics Manufacturing Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Electromedical & Imaging Equipment 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 Electromedical & Imaging Equipment Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Endoscope
  • A long, slender medical instrument for examining the interior of a bodily organ or performing minor surgery.
  • Magnetic Resonance Imaging (Mri)
  • A technique that uses nuclear magnetic resonance to form cross-sectional images of the human body for diagnostic purposes.
  • Radiation
  • Energy that is transmitted in the form of rays or waves or particles.
  • Radiotherapy
  • The treatment of disease using radiation X-rays or beta rays directed at the body from an external source or emitted by radioactive materials placed within the body.
  • X-Ray
  • Electromagnetic radiation of short wavelength produced when high-speed electrons strike a solid target.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Electromedical & Imaging Equipment Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    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
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    This report on Electromedical & Imaging Equipment 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 Electromedical & Imaging Equipment 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 Electromedical & Imaging Equipment Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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