Strength and opportunity 2015: the landscape of the medical technology and biopharmaceutical sectors in the UK

Strength and opportunity 2015: the landscape of the medical technology and biopharmaceutical sectors in the UK
Document type
Report
Corporate author(s)
Great Britain. Dept. for Business, Innovation and Skills
Publisher
BIS
Date of publication
8 May 2016
Subject(s)
Trends: economic, social and technology trends affecting business
Collection
Business and management
Material type
Reports

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This report identifies the strengths in the UK health life sciences industry and the opportunities for future growth.

The three main measures of economic contribution and industry structure are:

  • employment – the number of people employed by life science companies;
  • turnover – the amount of money taken by businesses within scope of life science sector activities; and
  • number of companies – the number of life science companies registered in the UK.

There are significant levels of health life sciences employment. Almost 222,000 people are employed in 5,633 companies generating approximately £60.7bn turnover.

This breaks down into:

  • 107,000 employed in the biopharmaceutical sector and service and supply chain in 1,948 companies, generating £39.7 billion turnover;
  • 115,000 employed in the medical technology sector and service and supply chain in 3,685 companies, generating £21 billion turnover.
  • The digital health sector has an estimated turnover of £886m and approximately 7,400 employees.The digital health sector is the fastest growing sector for employment with 23% annual growth rate over the last 5 years.

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