Europe Medical Devices Market Developments and Forecast by 2027

Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027

Europe Medical Devices Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product Type (In Vitro Diagnostics (IVD), Surgical Device, General Medical Devices, Cardiovascular Devices, Orthopedic, Infection Control Devices, Ophthalmology, Endoscopy, Neurology, Others); Function (Diagnostic and Monitoring, Therapeutics, Surgical, Others); End User (Homecare Medical Devices, Hospital Medical Devices, Ambulatory Care Medical Devices, Others); and Country

Report Date : Aug 2020
Report Code : TIPRE00013015

Category : Life Sciences
Status : Published

Available Report Formats :
No. of Pages : 178

Page Updated: Oct 2020

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The Europe medical devices market was valued at US$ 149,480.3 million in 2019 and is projected to reach US$ 232,531.7 million by 2027; it is expected to grow at a CAGR of 5.8% during 2020–2027.

The growth of the Europe medical device market is mainly attributed to the growing research and development activity medical device industry and rising chronic disease prevalence.

The Germany has observed fastest growing in the Europe medical device market within the past few years and is expected to lead the marketinEuropeduring the forecast period.The majority of the medical technology and device companies are based in Germany, whereas small and medium companies account for nearly 95% of the total medical device industry. For instance, Ada Health, Berlin Based startup, has developed an artificial intelligence-powered health platform to support the clinical decision. In 2019, the company raised US$ 69.3 million over three funding rounds. Thus, it allows domestic companies to be flexible and meet the wider range of demand and supply for specific products.Germany has the highest number of employees working in the medical device industry. In 2017, Germany had employees more than 200, 000 working in medical technology.

Germany Medical Device Market Revenue and Forecast to 2027 (US$ Million)

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

EUROPE MEDICAL DEVICE – MARKET SEGMENTATION

ByProduct Type

· Surgical Devices

o Electrosurgical Generators

o Ultrasonic Surgical Generators

o Minimally Invasive Surgery Devices

o Other Surgical Devices

· Infection Control Devices

· General Medical Devices

· Cardiovascular Devices

· Orthopaedic Devices

· In Vitro Diagnostics (IVD)

· Endoscopy

· Neurology

· Ophthalmology

· Others

By Function

Diagnostic and Monitoring
Therapeutics
Surgical
Others

By End User

Homecare Medical Devices
Hospital Medical Devices
Ambulatory Care Medical Devices
Others

By Country

Germany
France
UK
Italy
Spain

CompanyProfiles

Medtronic
Abbott
Boston Scientific Corporation
Braun Melsungen AG
3M
General Electric Company
Stryker Corporation
Koninklijke Philips N.V.
Siemens AG;
Johnson and Johnson Services, Inc.

Europe Medical Devices Report Scope

Report Attribute	Details
Market size in 2019	US$ 149,480.3 Million
Market Size by 2027	US$ 232,531.7 Million
Global CAGR (2020 - 2027)	5.8%
Historical Data	2017-2018
Forecast period	2020-2027
Segments Covered	By Product Type In Vitro Diagnostics Surgical Device General Medical Devices Cardiovascular Devices Orthopedic Infection Control Devices Ophthalmology Endoscopy Neurology By Function Diagnostic and Monitoring Therapeutics Surgical By End User Homecare Medical Devices Hospital Medical Devices Ambulatory Care Medical Devices
Regions and Countries Covered	Europe UK Germany France Russia Italy Rest of Europe
Market leaders and key company profiles	Medtronic Abbott Boston Scientific Corporation Braun Melsungen AG 3M General Electric Company Stryker Corporation Koninklijke Philips N.V. Siemens AG;

Research Manager

Mrinal Kerhalkar

Manager,
Market Research & Consulting

Mrinal is a seasoned research analyst with over 8 years of experience in Life Sciences Market Intelligence and Consulting. With a strategic mindset and unwavering commitment to excellence, she has built deep expertise in pharmaceutical forecasting, market opportunity assessment, and developing industry benchmarks. Her work is anchored in delivering actionable insights that empower clients to make informed strategic decisions.

Mrinal’s core strength lies in translating complex quantitative datasets into meaningful business intelligence. Her analytical acumen is instrumental in shaping go-to-market (GTM) strategies and uncovering growth opportunities across the pharmaceutical and medical device sectors. As a trusted consultant, she consistently focuses on streamlining workflow processes and establishing best practices, thereby driving innovation and operational efficiency for her clients.

What are the Europe Medical Devices Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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