Europe Medical Device Market Reach EUR 59.7 Billion by 2018
Ken Research announced its latest publication on “Europe Medical Device Market Outlook to 2018 – Driven by the Presence of Advanced Healthcare Industry and Ageing Population” which provides a comprehensive analysis of the medical equipments in Europe. The report covers various aspects such as market size of Europe medical devices market, segmentation on the basis of countries including Germany, France, the UK, Italy and Spain medical device market, and country wise value and volume of exports and imports for various medical devices. The report is useful for healthcare products manufacturers, distributors of medical devices, medical device manufacturers and new players venturing in the market.
The medical devices market in Europe region has witnessed a slow growth in recent years on account of cost cutting measures and budget constraints established to control healthcare costs in various European countries. This has led to consolidation of laboratories, strong price pressures, and delays in payment by healthcare authorities. Despite the challenges faced by the industry, factors such as rising ageing population and increasing incidents of chronic diseases such as diabetes, cardiovascular disorders and other diseases have driven this market during 2008-2013. Europe medical device market production value has grown at a CAGR of 2.6% from 2008-2013.
According to the research report, Europe medical device market will grow at a CAGR of 3.9% during 2013-2018 and will witness production value of EUR 59.7 Billion by 2018 due to rising ageing population and increasing demand of innovative medical devices in the region.
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