UK MedTech Industry
Understand the UK’s emerging MedTech industry and the companies shaping the future of healthcare and pharma with our unbeatable real-time sector data and trends.
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What is MedTech?
MedTech or Medical Technology is a term used to describe the development and deployment of medical devices, products, services and solutions within the healthcare system.
MedTech is a broad and growing industry, with innovative technology being developed across a wide range of applications such as treatment, diagnosis and care. Today MedTech companies and start-ups are working to help save and improve people’s live through new methods and technologies, with the UK investing more in artificial intelligence (AI), robotics, extended reality (XR) and photonics.
MedTech sector summary
Discover real-time data and insights sourced directly from The Data City platform, driven by our innovative Real-Time Industrial Classifications (RTICs). Our RTICs harness the power of web data and machine learning, and are published with industry experts for precision and relevance.
Here are the key facts about the MedTech sector. The sector has a turnover of £37.4bn currently, has received £3.8bn of investment and the sector is growing at 5.4% per year.
MedTech verticals
Our industry data goes deep. See the top verticals and specialisms making waves in the UK MedTech industry today.
Our MedTech RTIC is made up of 7 individual verticals. The top verticals in this sector include Artificial Intelligence, and Imaging. You can find out more about the verticals by downloading our RTIC report, or by signing up for a free trial of The Data City platform.
- Sector Code Description Records
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RTIC0058 MedTech 1422 companies
Companies developing or deploying medical devices and medical technologies.
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MedTech: Advanced Materials148 companies
Companies providing and/or using advanced materials in the development of new medical devices
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MedTech: Artificial Intelligence621 companies
Companies applying artificial intelligent products to medical devices
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MedTech: Extended Reality53 companies
Companies using virtual reality, augmented reality and/or mixed reality as aid in medical environments
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MedTech: Imaging251 companies
Companies developing new imaging medical devices
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MedTech: Monitoring Technologies117 companies
Companies producing technologies to enable telehealth and remote monitoring
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MedTech: Photonics206 companies
Companies applying photonics technology to the development of medical devices
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MedTech: Robotics138 companies
Companies applying robotics and automation technologies to medical devices
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MedTech industry growth
Based on a growth rate of 5.4%, we expect that this sector could be worth £45.3bn by 2026. Below you can see our forecast of the growth of the sector.
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