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The Medical Device Market: France

Espicom Business Intelligence Ltd, Oct 2011, Pages: 108


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France ranks among the top five largest medical device markets in the world. Consumption of medical equipment and supplies is valued at US$8.8 billion in 2011, equal to US$140 per capita. New measures have recently been taken to control spending on medical devices, similar to those already in force for pharmaceuticals. For this reason, the medical market is only likely to see moderate growth over the next five years.

The continuing deficit of the national health insurance funds, which finance the majority of health expenditure, has prompted a series of reform programmes for the health sector. The latest has been drawn up by President Nicolas Sarkozy, who took office in May 2007.

Despite several high profile investment programmes, France continues to lag behind its European neighbours in some high technology fields, most notably imaging and radiotherapy equipment. A second five-year cancer plan has now been launched which includes plans to further boost the number of MRI scanners used to diagnostic various forms of cancer and to increase the number of cancer specialists including radiotherapy technicians.

Medical device production is estimated to exceed 6.0 billion euros. The medical manufacturing industry has seen an influx of foreign companies; most larger manufacturers are now subsidiaries of multinational groups.

The acquisitions process has opened up new distribution channels for foreign-manufactured equipment, increasing the market share of imported products.

Medical device imports grew by 4.2% to 7.5 billion euros (US$10.4 billion) in 2009, although not all imported products are destined for the domestic market. In recent years, there has been a marked rise in re-exports in certain sectors, most notably pacemakers.

Includes 3 quarterly updated outlook reports!





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