The UK has one of the largest medical device markets in the world, valued at £8.1bn in 2013. The market is the sixth largest in the world and third largest in Europe. The UK market is projected to reach a size of around £11.3bn by 2018. The growth of the UK medical device market is predominantly import-led but is an equally strong global exporter of medical devices and still remains in the world's top 10.
How can the MTC help?
It is expected there will be a significant rise in remote monitoring and point-of-care testing, smart wearable or implantable devices and patient-managed diagnostic and administered medication delivery devices. New technologies will need to be proven and verified that incorporate hybrid additive manufacture/3D printing, novel surface functionalities, precision and nano-scale manufacturing as well as more improved integration at system level. The systems integration can be anything from multiple hardware and software components to devices with data enabling post-market surveillance and further intelligence to feedback into manufacturing processes.