In November 2015 the government set the NHS a target to achieve savings of £22 billion by 2020/21. Just a few years in and it is struggling to achieve that objective.
An area where costs could be reduced is the procurement of orthopaedic equipment. Every year the NHS spends £500 million to £1 billion a year on such devices with each trust spending between £3 million and £4 million per annum. This figure is growing year on year.
A close examination of the situation leaves no doubt that the NHS is paying more in this area than should be considered acceptable. Part of the problem is the fact that the orthopaedic equipment market is dominated and dependent on large players such as Depuy Synthes, Zimmer Biomet, Stryker, Medtronic and Smith & Nephew and they do not compete on price.