The medical technology sector applies the knowledge and experience of the health sector to medication, medical equipment, vaccines, medical practice and organizational systems. In 2017, the digital health segment had the largest number of companies at 491. This was followed by the assistive technology segment at 347 companies. The segment with the smallest number of companies was implant devices, at 21 companies.
Breakdown of the MedTech sector
Although the single use technology segment had the fourth highest amount of companies in 2017, it had the highest turnover of the major segments in the medical technology sector. At 1.98 billion British pounds, it was higher than in vitro diagnostic technologies and orthopedic devices with turnovers of 1.72 billion and 1.5 billion British pounds respectively. The digital health segment had an employment of over ten thousand in this year, the highest of any medical technology segment.
Use of digital health in the UK
As of 2018, only eleven percent of Britons were currently using a connected health device or tool to manage their health, indicating there is still a vast space for the market to expand into. The most popular health technology that consumers in England would be most likely to use would be a device that could be used at home to test blood for a variety of indicators. Almost two-thirds of those surveyed indicated they would be likely to use this device.
Number of companies in the major segments of the medical technology sector in the United Kingdom (UK) in 2017
Characteristic
Number of companies
Digital health
491
Assistive technology
347
In vitro diagnostic technology
253
Single use technology
221
Re-usable diagnostic or analytic equipment
194
Hospital hardware
179
Orthopaedic devices
152
Mobility access
140
Dental and maxillofacial technology
127
Surgical instruments (re-usable)
124
Infection control
113
Wound care and management
110
Medical imaging/ultrasound equipment and materials
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Department for Business, Innovation and Skills, & Public Health England. (May 16, 2018). Number of companies in the major segments of the medical technology sector in the United Kingdom (UK) in 2017 [Graph]. In Statista. Retrieved October 15, 2024, from https://www.statista.com/statistics/472356/medical-technology-companies-by-major-segments-united-kingdom-uk/
Department for Business, Innovation and Skills, und Public Health England. "Number of companies in the major segments of the medical technology sector in the United Kingdom (UK) in 2017." Chart. May 16, 2018. Statista. Accessed October 15, 2024. https://www.statista.com/statistics/472356/medical-technology-companies-by-major-segments-united-kingdom-uk/
Department for Business, Innovation and Skills, Public Health England. (2018). Number of companies in the major segments of the medical technology sector in the United Kingdom (UK) in 2017. Statista. Statista Inc.. Accessed: October 15, 2024. https://www.statista.com/statistics/472356/medical-technology-companies-by-major-segments-united-kingdom-uk/
Department for Business, Innovation and Skills, and Public Health England. "Number of Companies in The Major Segments of The Medical Technology Sector in The United Kingdom (Uk) in 2017." Statista, Statista Inc., 16 May 2018, https://www.statista.com/statistics/472356/medical-technology-companies-by-major-segments-united-kingdom-uk/
Department for Business, Innovation and Skills & Public Health England, Number of companies in the major segments of the medical technology sector in the United Kingdom (UK) in 2017 Statista, https://www.statista.com/statistics/472356/medical-technology-companies-by-major-segments-united-kingdom-uk/ (last visited October 15, 2024)
Number of companies in the major segments of the medical technology sector in the United Kingdom (UK) in 2017 [Graph], Department for Business, Innovation and Skills, & Public Health England, May 16, 2018. [Online]. Available: https://www.statista.com/statistics/472356/medical-technology-companies-by-major-segments-united-kingdom-uk/