The UK medtech industry has experienced significant growth in recent years, driven by a number of factors. According to the UK government, the medtech sector generates over £23 billion in revenue and employs over 115,000 people.
One key driver of growth has been the UK government’s commitment to supporting innovation in the sector. Another factor driving growth in the UK medtech industry is the country’s strong academic and research institutions. The UK is home to a number of world-class universities and research institutions, which have been instrumental in the development of new medical technologies.