Tunisia Weekly
No Result
View All Result
  • Register
  • Login
  • About Us
  • Contact Us
  • Home
  • News
  • Business
  • Finance
  • Technology
  • Lifestyle
  • Africa
  • Middle East
  • Press Releases
Submit a News Release
  • Home
  • News
  • Business
  • Finance
  • Technology
  • Lifestyle
  • Africa
  • Middle East
  • Press Releases
No Result
View All Result
Tunisia Weekly
Submit PR
Home Press Releases

Exploring the Potential of Digital Health Technologies in the European Medical Devices Market

by
March 1, 2023
in Press Releases
Exploring the Potential of Digital Health Technologies in the European Medical Devices Market
Share on FacebookShare on Twitter


 


(EMAILWIRE.COM, March 01, 2023 )
Introduction

The European medical devices market is a significant and growing industry, with a wide range of products and applications serving the healthcare needs of patients across the region. The market has seen considerable growth in recent years, driven by factors such as advancements in technology, an aging population, and an increased focus on healthcare innovation.

Innovation and new technologies are playing an increasingly important role in driving growth in the European medical devices market. Digital health technologies, such as wearables and remote monitoring devices, are rapidly gaining traction, and there is a growing interest in the use of artificial intelligence and machine learning to improve the accuracy and efficiency of medical devices.

Market Size and Forecast

The report European Medical Devices Market is projected to reach USD 61.4 billion by 2025 from an estimated USD 48.9 billion in 2020, at a CAGR of 4.7% during the forecast period.

Factors such as the rising geriatric population, large and established medical technology industry, increasing number of surgical procedures, growing need for cost-containment in the healthcare industry, and the availability of funding for research and product innovation are driving the growth of this market. However, fiscal unsustainability due to wasteful spending might hamper the market growth to a certain extent. The base year considered for the study is 2019, while the forecast period is 2020 to 2025.

Ask for PDF Brochure: – https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=241277169

Market Segmentation: –

Based on device type, the market has been segmented into orthopedic devices, diagnostic imaging systems, endoscopy devices, ophthalmic devices, interventional cardiology devices, cardiac monitoring and cardiac rhythm management devices, respiratory care devices, ventilators, anesthesia monitoring devices, dialysis devices, and diabetic care devices. The orthopedic devices segment accounted for the largest share of the European medical devices market in 2019. The growing incidence of orthopedic disorders such as arthritis, osteoporosis, soft-tissue injuries, and fractures among the elderly population is expected to drive the demand for orthopedic devices in Europe.

Based on end-user, the European medical devices market is segmented into hospitals and clinical care settings and home care settings. Hospitals and clinical care settings were the largest end-users of medical devices in Europe in 2019. This can largely be attributed to the financial capabilities of hospitals to purchase expensive devices as well as the availability of trained professionals in hospitals to operate these devices.

Regional Analysis: –

Germany accounted for the largest share of the European medical device market in 2019. The rising geriatric population and the presence of strong healthcare infrastructure in the country are the major factors that are driving the demand for medical devices in Germany.

Request for Sample Pages: – https://www.marketsandmarkets.com/requestsampleNew.asp?id=241277169

Key Market Players: –

The prominent players in the global European medical device market are Siemens Healthineers (Germany), GE Healthcare (US), Philips (Netherlands), Abbott (US), Medtronic (Ireland), Stryker (US), Boston Scientific (US), Asahi Kasei Medical (Japan), B. Braun (Germany), Baxter International, Inc. (US), ResMed (US), Masimo (US), and KARL STORZ (Germany).

Recent Developments

• In 2020, Philips introduced the new Philips Respironics E30 ventilator to help free up ICU units to fight the COVID-19 pandemic
• In 2020, Royal Philips entered into an 8-year strategic partnership with the Paracelsus Clinic for continuously modernizing its imaging systems.
• In 2019, B Braun acquired Nephtec GmbH; this acquisition strengthened the company’s dialysate concentrate portfolio in Europe
• In 2019, Medtronic partnered with Karl Storz that was aimed at strengthening Medtronic’s upcoming robotic-assisted surgical platform with the three-dimensional vision system from KARL STORZ.

Conclusion

The European medical devices market is a significant and growing industry, with a wide range of products and applications serving the healthcare needs of patients across the region. Overall, the European medical devices market presents both challenges and opportunities for companies operating in this space. While the regulatory environment can be complex, the market offers significant potential for growth and innovation, making it an attractive destination for companies looking to expand their operations and reach new customers.



Source link

Previous Post

Adding Just a Small Handful of Walnuts Can Have Dietary Benefits for the Whole Family

Next Post

A2P Messaging Market Regional Growth and Industry Share Forecast

RECOMMENDED NEWS

Refractories Market worth $27.4 billion by 2025

Refractories Market worth $27.4 billion by 2025

9 months ago
Real Web Marketing Inc. Offers YouTube Advertising Management

Real Web Marketing Inc. Offers YouTube Advertising Management

5 months ago
Fiber Cement Market – Potential Opportunities and Company Analysis

Fiber Cement Market – Potential Opportunities and Company Analysis

4 months ago

Multichannel Order Management Market Size worth $4.2 billion by 2027

7 months ago

BROWSE BY CATEGORIES

  • Africa
  • Business
  • Finance
  • Lifestyle
  • Middle East
  • News
  • Press Releases
  • Technology

POPULAR NEWS

  • ZainTech partners with LigaData to deliver data-driven digital services in MENA

    ZainTech partners with LigaData to deliver data-driven digital services in MENA

    0 shares
    Share 0 Tweet 0
  • NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

    0 shares
    Share 0 Tweet 0
  • Wahyd Expands Tech-Enabled Logistics Platform to Saudi Arabia

    0 shares
    Share 0 Tweet 0
  • تم إطلاق VOYAH FREE في أوروبا وتم افتتاح معرض VOYAH.

    0 shares
    Share 0 Tweet 0
  • Vidliz Expands Its Data-Driven Online Marketing Services in the Middle East

    0 shares
    Share 0 Tweet 0

About Us

Tunisia Weekly™ reports and aggregates business, socio-economic, Tech and industrial news on Tunisia,Africa and the Middle East.

We provide press release distribution to media outlets in Tunisia, other countries in the Arab World, the Middle East and Africa (MEA). Submit a press release or contact us today.

Categories

News

Business

Finance

Technology

Lifestyle

AFRICA

Middle East

Press Releases

Recent News

Recent Posts
  • Tunisia's financial crisis leaves the sick struggling to find medicine – Yahoo Lifestyle Australia
  • 14 migrants found in the desert near Libyan border with Tunisia – Libya Update
  • Neutrino Energy: استكشاف الإمكانات غير المستغلة لطاقة النيوترينو
  • الرياض تستضيف فعاليات الدورة الثانية من المنتدى العالمي لإدارة المشاريع

Subscribe to Our Newsletter

    Share Us

    Contact Us

    • +1 832 716 2363
    • +12816454086
    • Email: Email Us
    • Skype: groupwebmedia

    The TunisiaWeekly.com™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC

    • About Us
    • Contact Us
    • Submit a Press Release
    No Result
    View All Result
    • Register
    • Login
    • News
    • Business
    • Finance
    • Technology
    • Lifestyle
    • Africa
    • Middle East
    • Press Releases
    • About Us
      • Contact Us

    The TunisiaWeekly.com™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC