Medical Equipment 2012

Tue, 08/14/2012 - 7:41am

NEW YORK, Aug. 14, 2012 /PRNewswire/ -- announces that a new market research report is available in its catalogue:

Medical Equipment 2012

Executive Summary

The economic downturn in 2008 and the subsequent bank bailouts have put severe strain on Government finances. The current Government has introduced several budget cuts in the public sector in an attempt to eliminate the country's structural deficit by 2015. The National Health Service (NHS) — the UK's main purchaser of medical equipment and medical consumables — has been instructed to make efficiency savings worth up to £20bn over the next 3 years, in addition to a 17% reduction in NHS trusts' capital spending.Amidst the NHS budgetary cuts and reduced capital expenditure, in 2011, the National Audit Office (NAO) estimated that around half of all NHS computed tomography (CT) and magnetic resonance imaging (MRI) scanners and linear acceleration machines will need replacement within 3 years and 80% of machines are due to be replaced in 6 years. It would cost the NHS an estimated £800m to replace these machines with new ones, which may have a further impact on the NHS spending on other medical devices and consumables. At the same time, spending by the private healthcare sector has also been affected as fewer people have been able to afford private health insurance during the recession.Key Note estimates that the UK market for medical equipment and consumables was worth £4.52bn in 2011 at manufacturers' selling prices (msp), having increased by 6.3% over the course of the year. Key factors driving growth are the UK's growing and ageing popu


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