The Size of the Medical Device Technology Market in Europe is expected to grow at a CAGR of 5.77% and to reach USD 175.9 Million in 2023 from USD 132.88 Million in 2019 during the forecast period.
Medical Device is any instrument, Apparatus or software used for therapeutic or diagnostic purposes. The technology used for medical purposes are called Medical Device Technologies. The new technologies have reduced the recovery time and cost of treatment for a patient. Medical devices range from small needle to large diagnostic machines. Some of these Technologies are electronic aspirin used for relief from migraines, needle-free diabetes care instrument to find the glucose level, robotic health checkup instrument, Mela Find optical instrument for the treatment of melanoma skin cancer, and Sapientranscatheter aortic valve instrument used in open-heart surgery.
Medical Device Technology is a broad field where innovation is the major driving factor. MRI Systems, Ultrasound systems, x ray systems and mammography instruments are on demand globally for the diagnosis of disease and disorder. With increasing demand for above mentioned instruments market device technology market will also increase. At present, many hospitals and clinics are adopting workflow automation processes to ensure patient safety. Workflow automation provides fast and consistent data analysis. The increased need for workflow automation and better communication processes are also major driving factors in medical device industry.
With the growing occurrence of technology piracy, it is hard to avert the misuse of non-licensed technology in biomedical device integration. This is a major restraint for medical device technology industry. Technical complexity and high cost of some medical technology might restrict global market demand. In addition, regulatory compliance for approval of medical device technology is a major factor that might hinder global market for medical device technology. This region has high market because of their advanced technology and high spending limit
Europe Medical Device Technology Market has been segmented and sub-segmented into the following categories
Prominent Companies leading the Europe Medical Device Technology Market Profiled in the Report are Abbott Laboratories, Inc., Becton, Dickinson and Company, GE Healthcare, Novartis Diagnostics, bioMerieux, Inc., Biomerica, Inc., Johnson and Johnson Diagnostics, Inc., Olympus Corporation, Qiagen N.V., Siemens AG, Thermo Fischer Scientific, Inc., and Zenith Healthcare Ltd.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 Electro medical equipment
5.1.3 Irradiation Apparatus
5.1.4 Dental Equipment and Supplies
5.1.5 Y-o-Y Growth Analysis, By Type
5.1.6 Market Attractiveness Analysis, By Type
5.1.7 Market Share Analysis, By Type
5.2 End User
5.2.2 Clinics & Hospitals
5.2.3 Medical Device Industries
5.2.4 Research and Pharmaceutical Entities
5.2.5 Y-o-Y Growth Analysis, By End User
5.2.6 Market Attractiveness Analysis, By End User
5.2.7 Market Share Analysis, By End User
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
22.214.171.124 By Type
126.96.36.199 By End User
6.1.4 Market Attractiveness Analysis
188.8.131.52 By Type
184.108.40.206 By End User
6.1.5 Market Share Analysis
220.127.116.11 By Type
18.104.22.168 By End User
6.7 Rest of Europe
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Abbott Laboratories, Inc.
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.3 Dickinson and Company
8.4 GE Healthcare
8.5 Biomerica, Inc.
8.6 bioMerieux, Inc.
8.7 Novartis Diagnostics
8.8 Johnson & Johnson Diagnostics, Inc.
8.9 Olympus Corporation
8.10 Qiagen N.V.
8.11 Siemens AG
8.12 Thermo Fischer Scientific, Inc.
8.13 Zenith Healthcare Ltd.
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, Collaborations, and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures