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EUROPE SURGICAL AND MEDICAL DEVICE MARKET FORECAST 2017-2026

EUROPE SURGICAL AND MEDICAL DEVICE MARKET FORECAST 2017-2026

  • November 2017
  • 81 pages
  • ID: 5222530
  • Format: PDF
  • Inkwood Research

Summary

Table of Contents

KEY FINDINGS
Extended life expectancy, legislative alterations and increasing demand for medical device technologies are expected to drive the growth of Europe surgical and medical device market over the forecast period of 2017-2026. A CAGR growth of 5.37% for the market is expected between these years.

MARKET INSIGHTS
European countries like Germany, Netherlands, Belgium, Switzerland, France, and Austria have a large installed base of refurbished devices on which the overall market thrives. The region also spends considerably on healthcare. As per the W.H.O. estimations, in 2015, the EU spent $3620 per person in healthcare. The various governments in this region adhere to strict monitoring and certification procedures to ensure full safety and traceability of medical devices. Lately, the German market has shown great promise in the development of these devices. Although the European market is progressing considerably, the expensive costs of these surgical and medical devices are proving to be a major hindrance to the market growth.

COMPETITIVE INSIGHTS
Companie like Bayer, Johnson & Johnson, Beckton, Dickinson, And Co, Abbott Laboratories, Medtronic, Novartis, Siemens Healthcare, Thermo Fisher Scientific, Ge Healthcare, Boston Scientific, Fresenius,Roche Diagnostics, Toshiba Medical Systems Corp, Baxter International, Cryolife Inc, 3M Company, Agilent Technologies and Cardinal Health are reigning the market for medical and surgical device.

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