Market Analysis of Medical Devices in Europe: Growth Opportunities and Challenges.
Europe Medical Devices Market – Industry Trends and forecast period of 2021 to 2028.
Europe Medical devices market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.6% in the forecast period of 2021 to 2028 and is expected to reach USD 4,141.09 million by 2028 from USD 2,877.97 million in 2021. Increasing demand of medical devices, rising government initiatives are the major drivers which boost the demand of the market in the forecast period.
Europe Medical Devices Market Definition
Medical devices market also provides you with detailed market analysis for every country growth in medical devices product’s industry. Additionally, it provides detail information regarding growing partnership and distribution agreement with local players. The data is available for historic period 2010 to 2019.
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Europe Medical Devices Market Segmentation
On the basis of product, the medical devices market is segmented into ventilator, spirometers, oxygen concentrators, anaesthesia machines, CPAP/BIPAP. In 2021, ventilator holds highest share in the medical devices market as large number of patient pool suffering from respiratory diseases and COVID-19.
On the basis of mode, the medical devices market is segmented into portable, table top, standalone. In 2021, portable segment is dominating the medical devices market due to growing demand for highly advanced and efficient medical devices for treatment.
On the basis of application, the medical devices market is segmented into diagnostic and therapeutic. In 2021, therapeutic segment is dominating the medical devices market due to growing number surgeries. Moreover, initiative by government anticipated to propel the further market growth.
Europe Medical Devices Market- Regional Analysis & Insights
Medical devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to medical devices market.
Europe Medical Devices Market Industry Country Level Analysis
The medical devices market is analysed and market size information is provided by product, mode, application, facility, end user and distribution channel as referenced above. The countries covered in the medical devices market report are the U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Turkey, Belgium and rest of Europe.
Europe is expected to grow with the significant growth rate in the forecast period of 2021 to 2028 due to high technology based healthcare infrastructure and increasing healthcare expenditure in the region. Germany is dominating the European market with the increasing advancement in medical devices’ industry in the region.
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Europe Medical Devices Market Share Analysis and Some major players
The major players covered in the report are GE Healthcare, Koninklijke Philips N.V., Medtronic, Drägerwerk AG & Co. KGaA, Vyaire Medical Inc., Getinge AB, Smiths Medical Inc. (A Subsidiary of Smiths Group plc.), NDD Medical Technologies, ResMed, Invacare Corporation, Nidek Medical Products, Inc, TEIJIN LIMITED, GCE Healthcare, Inogen, Inc, Teleflex Incorporated, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., MGC DIAGNOSTICS CORPORATION, HILL-ROM, Drive DeVilbiss International, Midmark Corporation, CAIRE Inc., GCE Group, Fisher & Paykel Healthcare Limited, SCHILLER, among others domestic and Europe players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Major TOC of the Europe Medical Devices Market
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Europe Medical Devices Market
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