The European medical device technology market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the rising healthcare expenditure and rising prevalence of chronic and infectious diseases in the region. In addition, the presence of some of the key market players in the region, such as Fresenius SE & Co. KGaA, Medtronic PLC, Smith & Nephew PLC, is further contributing to the growth of the medical device technology market in the region. The medical device technology market is classified on the basis of device type, which includes in vitro diagnostics devices, diagnostic imaging devices, cardiology devices, ophthalmology devices, orthopedic devices, and others.
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Among these devices, the cardiology devices segment holds a significant share in the market, owing to the rising incidences and prevalence of CVD across the region. Such rising incidences of CVD is rising the development of advanced technologies in order to cater the wide patient pool across the region.
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European Medical Device Technology Market Segmentation
European Medical Device Technology Market by Device Type
• In Vitro Diagnostics Devices
• Diagnostic Imaging Devices
• Cardiology Devices
• Ophthalmology Devices
• Orthopedic Devices
• Others (Endoscopy Devices and Respiratory Care Devices)
European Medical Device Technology Market – Segment by Region
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Company Profiles
• Abbott Laboratories
• Baxter International, Inc.
• Becton, Dickinson and Co.
• bioMérieux SA
• Boston Scientific Corp.
• Cardinal Health, Inc.
• F. Hoffmann-La Roche Ltd.
• Fresenius SE & Co. KGaA
• General Electric Co.
• Johnson & Johnson Services Inc.
• Koninklijke Philips N.V.
• Medtronic PLC
• Siemens AG
• Smith & Nephew PLC
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