Electrotherapeutic equipment manufacturing market in the United Kingdom to grow 3.5% CAGR between 2014-19
Irradiation, Electromedical & Electrotherapeutic Equipment Manufacturing in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-31 06:36:02
Demand for irradiation, electromedical and electrotherapeutic equipment is being driven by a rise in the demand for health-care services. Population growth, population ageing, lifestyle choices and higher expectations of health-care outcomes has increased demand for health-care services. Local manufacturing of irradiation, electromedical and electrotherapeutic equipment is not significant when related to the global market.
The industry is dominated by large multinational companies that are usually headquartered outside the United Kingdom. The industry comprises 70 establishments employing about 2,150 people. The four largest players generate half the industry´s annual revenue. The number of enterprises operating in the industry is estimated to decline at a compound annual rate of 3.3% over the five years through 2013-14, resulting in increased market concentration.
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