Germany Medical Devices Market to Grow Due to Technological Advancement by 2026 | TechSci
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Technological advancement is driving the growth of Germany Medical Devices Market, in the forecast period, 2022-2026.
According to TechSci report on, “Germany Medical Devices Market By Type (Cardiovascular Devices, Diagnostic Imaging Equipment, In-vitro Diagnostic Devices, Ophthalmic Devices, Diabetes Care Devices, Dental Care Devices, Surgical Equipment, Patient Monitoring Devices, Orthopedic Devices, Nephrology & Urology Devices, ENT Devices, Anesthesia & Respiratory Devices, Neurology Devices, Mobility-Aid Devices, Others), By End User (Hospitals & Clinics, Diagnostic Centers, Others), By Region, Competition Forecast & Opportunities, 2026”, Germany medical devices market has shown promising growth in historical years until 2019 and is expected to continue its growth in upcoming forecast years 2021 to 2026. Germany medical devices market owes its growth to the factors like surging demand for the early diagnosis and effective treatment.
The demand for technologically advanced, portable, and wearable health devices is further anticipated to support the growth of the Germany medical devices market in the upcoming five years. Moreover, established market players and global giants coming up with product development and innovative product launches is further aiding the growth of the Germany medical devices market in the future five years. Additionally, innovative technologies to maintain a high level of patient care in the country, the Germany medical devices market is expected to show a robust growth in the forecast period.
Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on "Germany Medical Devices Market"
The Germany medical devices market is segmented by type, end user, regional distribution, and competitional landscape. Based on type, the market is further fragmented into cardiovascular devices, diagnostic imaging equipment, in-vitro diagnostic devices, ophthalmic devices, diabetes care devices, dental care devices, surgical equipment, patient monitoring devices, orthopedic devices, nephrology & urology devices, ENT devices, anesthesia & respiratory devices, neurology devices, mobility-aid devices, and others. Fulfilling various purposes, the segmented categories of medical devices are all in demand due to various diagnostic, treatment, examining, and monitoring functions they perform.
Cardiovascular devices are anticipated to register largest revenue shares of the market in the upcoming five years on the account of surging number of heart diseases and patient suffering from the chronic heart conditions. Moreover, after the procedures like heart transplant or open-heart surgeries, monitoring devices are required to keep check over the conditions and maintain the required environment for the organ to heal post-op, thus monitoring devices related to cardiovascular diseases are also expected to grow and further aid the growth of the Germany medical devices market in the future five years.
Smart-electronic and wearable monitoring devices like fitness tracker, blood pressure monitor, and blood-sugar monitor are also aiding the growth to the patient monitoring devices sub-segment. Consumers concerned toward their daily consumption of sugar and concerned about their regular health are rapidly opting for the smart technology incorporated wearables to track their fitness. Additionally, surging demand for the early and effective diagnosis and demand for non-invasive medical procedures are also supporting the growth of the diagnostic imaging equipment sub-segment. Increased number of complicated illnesses and thus spreading communicable diseases along with the recent pandemic situation caused due to COVID-19 viral infection is anticipated to further support the growth of the Germany medical devices market in the next five years.
GE Healthcare GmbH, Siemens Healthcare GmbH, Philips Medical Systems DMC GmbH, Fujifilm Europe GmbH, Medtronic GmbH, Johnson & Johnson GmbH, Abbott GmbH, Becton Dickinson Rowa Germany GmbH, Baxter Deutschland GmbH, Bausch & Lomb GmbH, Alcon Deutschland GmbH, Dexcom Deutschland GmbH, Hill-Rom GmbH, ResMed Germany Inc., Roche Diagnostics GmbH, among others are some of the market shareholders that drive the future growth of the Germany medical devices market. These market players hold larger shares of the market than the new market players.
With the evolving technology, it is appropriate to say that the effective research and development of the technologically advanced instruments and methods to satisfy consumer demands would support the market growth and benefit the market players as well as the consumers. New market players may focus on the research and development to provide such products and services that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments.
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“Germany has one of the largest healthcare industries in the world, in fact it is the largest healthcare industry in European region. Demand for advanced technologies, innovative products, to maintain the world-class patient care in the country. Moreover, diagnostic, therapeutic, and minimally invasive equipment demand is surging in the recent years and thereby driving the growth of the Germany medical devices market in the future five years. New market players are advised to invest in advanced technology development and extended research such that advanced products and innovative ideas can be developed and thus aid their brand establishment,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Germany Medical Devices Market By Type (Cardiovascular Devices, Diagnostic Imaging Equipment, In-vitro Diagnostic Devices, Ophthalmic Devices, Diabetes Care Devices, Dental Care Devices, Surgical Equipment, Patient Monitoring Devices, Orthopedic Devices, Nephrology & Urology Devices, ENT Devices, Anesthesia & Respiratory Devices, Neurology Devices, Mobility-Aid Devices, Others), By End User (Hospitals & Clinics, Diagnostic Centers, Others), By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of Germany medical devices market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Germany medical devices market.
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Created on Oct 22nd 2021 05:21. Viewed 192 times.