Key players within the European medical device market

The European medical device industry is highly competitive, where new and smaller participants find it extremely challenging to make a significant impact. It is also a dynamic industry with continued scope for expansion, given the ageing population and consequent rise in the number of people suffering from cardiovascular diseases, cancers, musculoskeletal disorders and diabetes.
The global market for medical devices is currently estimated at EUR 184 billion, of which EUR 55.2 billion is attributed to the European market. This is around 30 per cent of the global total making it the second largest market following the United States. Germany, France, Italy and United Kingdom account for over 72 per cent of the European medical device market.

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