The average annual growth rate of the UK medical device market in the next seven years is 8.2%

Business News Agency August 26 News 2009 is the highest investment in the National Health Service System by the UK government for the past 10 years, reaching US$220 billion, and US$153 billion in 2010. It will decrease to US$102.3 billion by 2011 and it is expected that the future This drop in investment will continue. However, because the health care system is relatively complete, this phenomenon will not have a negative impact on people's health environment and health care industry.

Affected by the financial crisis, gross domestic product (GDP) in the first three quarters of the UK declined in 2009, but in the fourth quarter, GDP increased by 0.4%, indicating that the UK economy has shown signs of improvement. Although the UK is currently in a period of recovery after the economic recession, its health care industry, especially the medical device industry, has maintained a good momentum of growth. Its ability to respond to the economic crisis is mainly due to the fact that the demand for health care is not affected by consumption. Because of the impact of disposable income, the health care industry continues to maintain steady growth even during a period of economic recession.

The development trend of the British healthcare system

At present, the population of the United Kingdom is about 62 million, of which the population aged over 65 is about 9.92 million. By 2050, the population of the United Kingdom will increase to about 77 million, and it is expected that the number of elderly people will exceed 10 million at that time. Due to the aging of the population, the incidence of chronic diseases in the United Kingdom has been rising.

The continued rise in social welfare benefits in the UK and the gradual improvement in people’s awareness of health care have led to a continuous expansion of the UK’s medical device market. At present, more and more manufacturers and distributors are investing a lot of money to influence consumers' health care awareness through advertising. This phenomenon further promotes the development of the UK medical device market.

While companies invest a lot of capital in the healthcare industry, the British government has invested more money in improving its health care service system and infrastructure. It is estimated that in 2009 the British government spent about 220 billion U.S. dollars on health care, accounting for 10.1% of the country's GDP.

In the past 10 years, the health care system of the country has been greatly improved due to the increasing expenditures of the British government on health care, which has made the country’s people’s health environment significantly improved, mainly in the following aspects:

● The adult male mortality rate decreased from 12.9% in 1990 to 9.3% in 2010, and the adult female mortality rate decreased from 7.8% in 1990 to 5.8% in 2010.

● The mortality rate of children under 5 years of age fell from 1% in 1990 to 0.5% in 2010.

● The maternal mortality rate declined from 6.5 in 1990 to 6.1 in 2008.

● The average life expectancy of men increased from 73 years in 1990 to 78 years in 2008, and the average life expectancy of women increased from 78 years in 1990 to 82 years in 2008.

In 2009, the British government invested the highest amount of National Health Services (NHS) for the past 10 years (220 billion U.S. dollars). In 2010, it was 153 billion U.S. dollars. By 2011 it will drop to 102.3 billion U.S. dollars. This drop in investment will continue. However, because the health care system is relatively complete, this phenomenon does not have a negative impact on people's health environment and health care industry.

In the past 10 years, apart from the rapid growth of the aging population, the acceleration of industrialization in the UK’s society has also become an important factor affecting the medical device market. This phenomenon has led to major changes in people’s lifestyle, and more and more people Work-related illnesses such as diabetes, cardiovascular disease, and musculoskeletal disorders have greatly stimulated the demand for diabetes, cardiovascular, and orthopedic related diagnostic and therapeutic equipment. In 2009, the value of the medical device market in the United Kingdom was US$ 12 billion. It is expected that the UK medical device market will grow at an average annual rate of 8.2% in the next seven years, and the market value will reach approximately US$ 21 billion by 2016 (see chart).

Diabetes care equipment market trends

Between 1997 and 2003, the incidence of diabetes in the UK rose by a staggering 74%. According to reports, in 2005, the number of diabetic patients in the UK exceeded 4% of the total population, and the rate of increase was twice that of 10 years ago. A large proportion of these patients are diabetic due to obesity. In 2006, 43% of men and 32% of women in the United Kingdom were obese. It is worth noting that 30% of children aged 2 to 15 years old in 2007 were obese. This phenomenon greatly increased the incidence of diabetes in children. rate. According to estimates by the International Diabetes Federation, in 2009, there were more than 2 million diabetics in the 20 to 79 age group in the United Kingdom. The incidence of diabetes naturally rises due to the growth of obese people. Although the incidence of diabetes in the United Kingdom is still lower than in the United States or Canada, the rate of increase in incidence is faster than in these two countries.

In 2009, the market value of UK diabetes care equipment was 497 million US dollars. This market is mainly composed of blood glucose monitoring and insulin infusion devices. Driven by the demand for blood glucose monitoring devices, it is expected that the diabetes care equipment market will grow at an average annual rate of 16% in the next seven years, and the market value in 2016 will be approximately US$1.4 billion.

Blood glucose monitoring devices mainly include blood glucose meters and blood glucose test papers. In 2009, the market value of these two types of devices in the United Kingdom was 389 million US dollars, accounting for 78.27% of the market share of diabetes care equipment. Driven by the market demand for these two types of devices, it is expected that blood glucose monitoring devices will grow at an average annual rate of 17% in the next seven years, and the market value in 2016 will reach approximately US$1.2 billion, accounting for a major share of the diabetes care equipment market.

In addition to the increase in the incidence of diabetes caused by the increase in obese people, which led to increased demand for diabetes care equipment, another reason for the increase in market demand for diabetes care equipment is the advancement of medical science and technology, leading to the emergence of more and more portable devices. Because of their small size, simple operation, and convenient monitoring and treatment, these devices have been welcomed by the majority of patients.

Cardiovascular equipment market trends

According to statistics, in the United Kingdom, the number of deaths due to cardiovascular diseases was approximately 198,000 in 2006, and more than 2.5 million people suffered from coronary heart disease (angina pectoris or heart attack), which caused about 94,000 deaths. Overall, about 68,000 heart failure cases are reported each year in the UK. The cost of cardiovascular disease is about 48 billion U.S. dollars, of which 47% is medical expenses of patients, 27% is the loss of production value due to illness, and 26% is The cost of unconventional medical treatment for patients with cardiovascular disease. Therefore, cardiovascular devices bring manufacturers unlimited business opportunities.

In 2009, the value of the UK cardiovascular equipment market was US$ 1.3 billion. Its market was mainly composed of cardiac rhythm, cardiovascular surgery and cardiac intervention devices. The market for these devices accounted for approximately 82% of the market value of cardiovascular devices, among which the interventional devices The market value is 574 million US dollars, accounting for 44.13% of the cardiovascular device market. Due to the increasing demand for these devices, it is predicted that in the next 7 years, the cardiovascular device market will increase at an average annual rate of 4.7%, reaching approximately 1.9 billion U.S. dollars by 2016, of which the market for interventional devices will be at an annual average of 2.4. The rate of growth of % has reached a market value of about 678 million U.S. dollars in 2016.

Orthopedic Device Market Trends

At present, the market for diabetes care equipment and cardiovascular equipment in the United Kingdom is growing rapidly. The orthopaedic equipment market maintains a relatively large elastic space. Changes in this market are mainly affected by the incidence of arthritis and other bone diseases. It is estimated that between 2007 and 2008, 539,000 people in the UK had work-related musculoskeletal disorders.

The sedentary lifestyle will make people prone to arthritis, and 1 in every 5 adults in the UK will suffer from arthritis. In 2007, an estimated 4.4 million people passed X-rays and found that they had moderate to severe osteoarthritis in their hands, 550,000 had moderate to severe osteoarthritis in their knees, and 210,000 had moderate to severe hips. Osteoarthritis. Osteoarthritis is a chronic joint disease. Its main change is the degenerative changes of articular cartilage surface and secondary bone hyperplasia. The main manifestations are joint pain and inflexible activities.

Due to the increasing incidence of musculoskeletal disorders, more and more people in the UK need spinal implants, artificial joint prosthesis and other products to treat musculoskeletal diseases. This trend promotes non-fusion technology and hip surface replacement. Development of spinal implant products. In 2009, the market value of British orthopaedic equipment was 997 million U.S. dollars. In the next 7 years, the orthopedic market is expected to grow at an average annual rate of 8%, reaching approximately 1.7 billion U.S. dollars by 2016.

In general, in the coming years, the UK’s investment in the National Health Service System will be reduced, and the medical device industry will be affected. However, due to the increasing demand for quality of life and the rigid demand for the treatment of life-threatening diseases, the British medical device market will continue to maintain a continuous growth trend in the next few years.