Germany Medical Devices Market Growth, Size, Trends, Revenue, Share, Scope and Future Outlook
Germany Medical Devices Market Size- By Function, By Application, By End Use- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Nov-2023 | Report ID: MEDE2331 | Pages: 1 - 108 | Formats*: |
| Category : Medical Devices | |||
Germany Medical Devices Market Introduction and Overview
According to SPER Market Research, the Germany Medical Devices Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the Germany Medical Devices Market, including market size and trends, product mix, applications, and supplier analysis. Medical devices are any equipment used in healthcare that use physical means to achieve their primary intended action—that is, the diagnosis, prevention, monitoring, or treatment of an illness or condition. Thousands of products are utilised on a daily basis by patients and healthcare professionals, out of the enormous variety that is accessible.
- ADVOS is a medical device startup based in Germany that develops a system to improve and simplify the care that critically ill patients undergoing intensive care receive. The liver, lungs, and kidneys are the three main organs involved in detoxification, and ADVOS is approved for usage in Europe.
Market Opportunities and Challenges
Germany's medical device business appears to have a bright future due to opportunities in the homecare and hospital sectors. Growing healthcare costs, technology advancements, an ageing population, and chronic illnesses are the main factors propelling the market's expansion. The medical device business is seeing several emerging trends that directly affect its dynamics. These trends include the expanding usage of wearable medical devices, smaller medical devices, AI-optimized medical devices, and 3D-printed medical devices.
Germany has one of the best healthcare systems in the world, which encourages intensive research and technology breakthroughs that help create innovative goods. Over the following five years, this is anticipated to support the expansion of the German medical device industry. The nation's medical device industry is growing, supported in part by an increase in patients with chronic illnesses and an increase in the prevalence of these conditions. Germany, which has the largest medical device market in Europe, draws big businesses and international industry leaders who actively support market expansion by offering premium medical equipment.
However, the high costs of these equipment, which prevent many patients and smaller healthcare facilities in developing nations from accessing them, are the main obstacle facing the worldwide medical devices market. In developing nations, adoption is hampered by this budgetary hurdle. Robust regulatory procedures and prerequisite approvals obstruct market expansion even more. The market is slowing down due to safety concerns, product recalls, and inadequate reimbursement procedures in several countries. The market is adversely impacted by the lack of qualified medical personnel as well as by problems including shortages of raw materials and interruptions in the production and distribution supply chains. Furthermore, barriers to implementing cutting-edge medical technologies and the availability of alternative therapies limit market expansion.
Market Competitive Landscape
The major players in the Germany Medical Devices market include: Abbott GmbH, Alcon Deutschland GmbH, Bausch & Lomb GmbH, Baxter Deutschland GmbH, Becton Dickinson Rowa Germany GmbH, Dexcom Deutschland GmbH, Fujifilm Europe GmbH, Medtronic GmbH, GE Healthcare GmbH, Hill-Rom GmbH, Johnson & Johnson GmbH, Philips Medical Systems DMC GmbH, ResMed Germany Inc., Roche Diagnostics GmbH, Siemens Healthcare GmbH, Others. Existing market participants possess more significant market shares compared to newcomers. Given the continuous evolution of technology, it is reasonable to assert that conducting efficient research and development for technologically advanced tools and methodologies to meet consumer demands would foster market growth, yielding benefits for both market players and consumers. New entrants might prioritize research and development efforts to offer products and services that meet consumer needs, contributing to the enhancement of market players' brand value. Additional competitive strategies encompass mergers and acquisitions, along with the introduction of new products.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Function, By Application, By End Use |
| Regions covered | Central Germany, Eastern Germany, Western Germany and rest of Germany |
| Companies Covered | Abbott GmbH, Alcon Deutschland GmbH, Bausch & Lomb GmbH, Baxter Deutschland GmbH, Becton Dickinson Rowa Germany GmbH, Dexcom Deutschland GmbH, Fujifilm Europe GmbH, Medtronic GmbH, GE Healthcare GmbH, Hill-Rom GmbH, Johnson & Johnson GmbH, Philips Medical Systems DMC GmbH, ResMed Germany Inc., Roche Diagnostics GmbH, Siemens Healthcare GmbH, Others |
COVID-19 Impact on Germany Medical Devices Market
The COVID-19 pandemic has a variety of effects on the market for medical products. The market was driven by an increase in demand for medical devices such as masks, respiration equipment, ventilators, PPE kits, and respiratory equipment as a result of the growing number of coronavirus infections. During the pandemic, digital health technologies like telemedicine saw a sharp increase in use at the same time. Nevertheless, during the height of COVID-19, elective surgical procedures were given precedence over non-essential ones, which had a negative impact on businesses that produced critical surgical equipment. Implemented to stop the virus from spreading, lockdowns, travel bans, and temporary closures of industrial plants caused supply chain disruption and decreased output of medical devices. Despite these obstacles, the global medical devices market is anticipated to increase significantly over the projected period as regulations loosen and COVID-19's effects fade.
Key Target Audience:
- Distributors and suppliers of the products and other stakeholders
- Market research and consulting firms
- Medical devices manufacturers, end users, and other stakeholders
- Organizations, forums, and alliances related to medical devices
- Others
Our in-depth analysis of the Germany Medical Devices Market includes the following segments:
| By Function: |
|
| By Application: |
|
| By End Use: |
|
Key Topics Covered in the Report:
- Germany Medical Devices Market Size (FY’2023-FY’2033)
- Overview of Germany Medical Devices Market
- Segmentation of Germany Medical Devices Market By Function (Diagnostic and Monitoring, Surgical, Therapeutic, Other Devices)
- Segmentation of Germany Medical Devices Market By Application (Cardiovascular Devices, General Medical Devices, Home Healthcare Devices, Orthopedic Devices, Surgical and Infection Control Devices, Other Devices)
- Segmentation of Germany Medical Devices Market By End Use (Homecare Medical Device, Hospital and Ambulatory Care Medical Device)
- Statistical Snap of Germany Medical Devices Market
- Expansion Analysis of Germany Medical Devices Market
- Problems and Obstacles in Germany Medical Devices Market
- Competitive Landscape in the Germany Medical Devices Market
- Impact of COVID-19 and Demonetization on Germany Medical Devices Market
- Details on Current Investment in Germany Medical Devices Market
- Competitive Analysis of Germany Medical Devices Market
- Prominent Players in the Germany Medical Devices Market
- SWOT Analysis of Germany Medical Devices Market
- Germany Medical Devices Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Germany Medical Devices Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Germany Medical Devices Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Germany Medical Devices Market
7. Germany Medical Devices Market, By Function (USD Million)
7.1. Germany Medical Devices Market Value Share and Forecast, By Function, 2023-20337.2. Diagnostic and Monitoring7.3. Surgical7.4. Therapeutic7.5. Other Devices
8. Germany Medical Devices Market, By Application (USD Million)
8.1. Germany Medical Devices Market Value Share and Forecast, By Application, 2023-20338.2. Cardiovascular Devices8.3. General Medical Devices8.4. Home Healthcare Devices8.5. Orthopedic Devices8.6. Surgical and Infection Control Devices8.7. Other Devices
9. Germany Medical Devices Market, By End Use (USD Million)
9.1. Germany Medical Devices Market Value Share and Forecast, By End Use, 2023-20339.2. Homecare Medical Device9.3. Hospital and Ambulatory Care Medical Device
10. Germany Medical Devices Market Forecast, 2019-2033 (USD Million)
10.1. Germany Medical Devices Market Size and Market Share
11. Germany Medical Devices Market, By Function, 2019-2033 (USD Million)
11.1. Germany Medical Devices Market Size and Market Share By Function (2019-2026)11.2. Germany Medical Devices Market Size and Market Share By Function (2027-2033)
12. Germany Medical Devices Market, By Application, 2019-2033 (USD Million)
12.1. Germany Medical Devices Market Size and Market Share By Application (2019-2026)12.2. Germany Medical Devices Market Size and Market Share By Application (2027-2033)
13. Germany Medical Devices Market, By End Use, 2019-2033 (USD Million)
13.1. Germany Medical Devices Market Size and Market Share By End Use (2019-2026)13.2. Germany Medical Devices Market Size and Market Share By End Use (2027-2033)
14. Germany Medical Devices Market, By Region, 2019-2033 (USD Million)
14.1. Germany Medical Devices Market Size and Market Share By Region (2019-2026)14.2. Germany Medical Devices Market Size and Market Share By Region (2027-2033)14.3. Central Germany14.4. Eastern Germany14.5. Western Germany14.6. Rest of Germany
15. Company Profile
15.1. Abbott GmbH15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. Alcon Deutschland GmbH15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. Bausch & Lomb GmbH15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. Baxter Deutschland GmbH15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. Becton Dickinson Rowa Germany GmbH15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. Dexcom Deutschland GmbH15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments15.7. Fujifilm Europe GmbH, Medtronic GmbH15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments15.8. GE Healthcare GmbH15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments15.9. Hill-Rom GmbH15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments15.10. Johnson & Johnson GmbH15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.10.4. Recent developments15.11. Philips Medical Systems DMC GmbH15.11.1. Company details15.11.2. Financial outlook15.11.3. Product summary15.11.4. Recent developments15.12. ResMed Germany Inc.15.12.1. Company details15.12.2. Financial outlook15.12.3. Product summary15.12.4. Recent developments15.13. Roche Diagnostics GmbH15.13.1. Company details15.13.2. Financial outlook15.13.3. Product summary15.13.4. Recent developments15.14. Siemens Healthcare GmbH15.14.1. Company details15.14.2. Financial outlook15.14.3. Product summary15.14.4. Recent developments15.15. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Germany Medical Devices Market is projected to reach USD XX billion by 2033, growing at a CAGR of XX% during the forecast period.
Germany Medical Devices Market grew in market size from 2023. The Market is expected to reach USD XX billion by 2033, at a CAGR of XX% during the forecast period.
Germany Medical Devices Market CAGR of XX% during the forecast period.
"You can get the sample pages by clicking the link -Click Here"
Germany Medical Devices Market size is USD XX billion from 2023 to 2033.
Germany Medical Devices Market Segment is Covered By Function, By Application, By End Use
The Europe region is anticipated to have the highest market share in Germany Medical Devices Market.
Medical devices are any equipment used in healthcare that use physical means to achieve their primary intended action—that is, the diagnosis, prevention, monitoring, or treatment of an illness or condition.
The key players in the market include Companies Covered Abbott GmbH, Alcon Deutschland GmbH, Bausch & Lomb GmbH, Baxter Deutschland GmbH, Becton Dickinson Rowa Germany GmbH, Dexcom Deutschland GmbH, Fujifilm Europe GmbH, Medtronic GmbH, GE Healthcare GmbH, Hill-Rom GmbH, Johnson & Johnson GmbH, Philips Medical Systems DMC GmbH, ResMed Germany Inc., Roche Diagnostics GmbH, Siemens Healthcare GmbH, Others
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
