UK medical device technology market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the rising expansion of advanced healthcare facilities in the country, owing to the rise in the government expenditure on healthcare. As per the Government of UK (Office for National Statistics), in 2018, the total current healthcare expenditure in UK accounted for 10.0% of GDP, an increase from 9.8% from previous year healthcare expenditure. Therefore, the demand for technologically advanced medical devices has increased in the country, offering growth to the market in UK. In addition, the rising prevalence of CVD, eye-related diseases, and respiratory-related diseases is further augmenting the demand for medical device technology in the country. As per the National Health System (NHS) UK, in 2018, there were almost 2 million people living with sight loss in UK. Likewise, more than one- fourth of the fatalities in UK are due to CVD, which is responsible for around 1.6 million fatalities each year, as per the British Heart Foundation.

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The medical device technology market is classified on the basis of device type, which includes in vitro diagnostics devices, diagnostic imaging devices, cardiology devices, ophthalmology devices, orthopedic devices, and others. Among these devices, the cardiology devices segment holds a significant share in the market, owing to the rising incidences and prevalence of CVD across the region. Such rising incidences of CVD is rising the development of advanced technologies in order to cater the wide patient pool across the region. The UK have high incidence and prevalence rate of heart diseases due to sedentary lifestyle, excessive consumption of alcohol, consumption of junk food, high intake of cholesterol and huge number of diabetic and obese patients.

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The study of the UK medical device technology market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

UK Medical Device Technology Market – Segmentation
by Device Type
In Vitro Diagnostics Devices
Diagnostic Imaging Devices
Cardiology Devices
Ophthalmology Devices
Orthopedic Devices
Others (Endoscopy Devices and Respiratory Care Devices)

Company Profiles
Abbott Laboratories
Baxter International, Inc.
Becton, Dickinson and Co.
bioMérieux SA
Boston Scientific Corp.
Cardinal Health, Inc.
F. Hoffmann-La Roche Ltd.
Fresenius SE & Co. KGaA
General Electric Co.
Johnson & Johnson Services Inc.
Koninklijke Philips N.V.
Medtronic PLC
Siemens AG
Smith & Nephew PLC
Stryker Corp.

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