British Medical Device Sector Continues to Grow

Great news for the Surgical Instruments sector; The medical technology market is estimated to be worth £150-170bn worldwide with growth rates forecast at 10% per annum over the next 5-6 years and a market size approaching £300bn by 2015. Figures from the UK show that total turnover has grown by 5% between 2010 and 2011 and by 6% over 2009-2011. The South East accounts for a big percentage of total turnover (department of business, innovation and skills 2011)  The full report from the department of business, innovation and skills can be viewed here:

http://www.bis.gov.uk/assets/biscore/innovation/docs/s/11-p90-strength-and-opportunity-2011-medical-technology-sectors.pdf