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Western Europe Medical Device Market Reports Product Image

Western Europe Medical Device Market Reports

  • Published: January 2014
  • Region: Europe
  • Espicom Business Intelligence Ltd

The developed and mature markets of Western Europe are committed to investing in the latest technologies and are still projected to grow, despite the poor economic situation.

Why invest in Western Europe?

Five of the ten largest medical device markets in the world are in Western Europe; Germany, France, the UK, Italy and Spain. Like all other sectors, the medical device markets will be impacted by the current eurozone crisis in the short term. This is a danger for domestic manufacturing industries, especially in Germany, which rely on demand for exports of their products. For instance, in the three month period between August and October 2012, medical device exports increased by only 0.6% in Germany and fell by 4.4% in the UK. However, beyond the current recession, the countries of western Europe are expected to return to growth with leading markets averaging average annual growth of 1.6% between 2014 and 2018.

What factors are affecting medical device market growth?

The mature and high value medical device markets in Western Europe are wealthy and developed. There is a tension between attempting to contain health costs and a desire to remain at the forefront READ MORE >

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