£7.4bn
£XXX.Xm
45,057
2,012
£X.Xbn
Medical and dental instrument manufacturers supply the UK healthcare sector, so revenue prospects depend on healthcare expenditure and the need for medical and dental services. International trade greatly influences sales, with increased access to healthcare services in developing countries supporting export revenue. A handful of manufacturers have undertaken global mergers and acquisitions to expand their presence in emerging markets, benefit from economies of scale and expand productivity. Over the five years through 2024-25, revenue is expected to accelerate at a compound annual rate of 3.2% to £7.4 billion.
Industry revenue has grown at a CAGR of 3.2 % over the past five years, to reach an estimated £7.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2025 | Revenue (£m)
2025 |
---|---|---|
Smith & Nephew plc | 268.3 | |
Ortho-Clinical Diagnostics | 264.7 | |
Smith Medical International Ltd | 252.8 |
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Medical & Dental Instrument Manufacturing in the UK
Industry revenue is measured across several distinct product and services lines, including Artificial joints and body parts, Medical instruments and Furniture. Artificial joints and body parts is the largest segment of the Medical & Dental Instrument Manufacturing in the UK.
The vaccination effort benefitted sales of medical instruments
Companies in the Medical and Dental Instrument Manufacturing industry make laboratory apparatus, surgical and medical instruments, surgical appliances and supplies, dental equipment and supplies, orthodontic goods, dentures and orthodontic appliances. The industry also manufactures medical and dental furniture, including dentists’ chairs with built-in hydraulic functions.
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SIC 32.50 - Medical & Dental Instrument Manufacturing in the UK
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Tight healthcare spending spells trouble for medical equipment sales. According to the King's Fund, between 2022-23 and 2024-25, health and social care spending is set to cli...
Learn about an industry's products and services, markets and trends in international trade.
3D printing becomes crucial for creating patient-specific instruments. Large companies have major R&D facilities in the UK and are well-positioned to keep up with the fast-pa...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The South East holds many hospitals and medical facilities. Coupled with its proximity to London and cheaper rental costs, it’s easy to see why manufacturers are drawn to the...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Buyers demand high-quality products. Hospitals and medical practices require high-quality, durable and reliable medical instruments because of the drastic repercussions poor ...
Learn about the performance of the top companies in the industry.
There are no companies with a market share of 5% or more. Intense import penetration, thanks to the cost advantages of foreign medical instrument manufacturers, means UK manu...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The UKCA doesn’t quite cut it in the EU. Products sold to EU countries still have to carry a CE mark.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Manufacturers trim wage costs by investing in automation. Investment in automated machinery has boosted cost efficiency and protected profit from rising raw material prices.
Including values and annual change:
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Key data sources in the UK include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Medical & Dental Instrument Manufacturing in the UK industry in United Kingdom is £7.4bn in 2024.
There are 2,012 businesses in the Medical & Dental Instrument Manufacturing in the UK industry in United Kingdom, which has grown at a CAGR of 0.6 % between 2019 and 2024.
The market size of the Medical & Dental Instrument Manufacturing in the UK industry in United Kingdom has been growing at a CAGR of 3.2 % between 2019 and 2024.
Over the next five years, the Medical & Dental Instrument Manufacturing in the UK industry in United Kingdom is expected to grow.
The biggest companies operating in the Medical & Dental Instrument Manufacturing market in United Kingdom are Smith & Nephew plc , Ortho-Clinical Diagnostics and Smith Medical International Ltd
Medical instruments and Products and parts related to eye care are part of the Medical & Dental Instrument Manufacturing in the UK industry.
The company holding the most market share in United Kingdom is Smith & Nephew plc .
The level of competition is high and steady in the Medical & Dental Instrument Manufacturing in the UK industry in United Kingdom.