Germany is the Europe’s Biggest Medical Devices Market - Ken Research

Germany is the Europe’s biggest medical devices market which accounted for a share of ~% in Europe in 2013. The medical devices have played a significant role in enhancing patient health and quality of life in Germany as well across the world. Additionally, more than ~% of the German populace is covered under health insurance. The consumer healthcare expenditure in Germany was about EUR ~ million in 2012.

Germany medical devices market has been one of the largest markets in Europe since past many years. In 2013, the Germany medical devices market was valued at EUR ~ million which has grown from EUR ~ million in 2008, at a CAGR of 1.9% during the same period.

Overall, the Germany medical devices market has witnessed a stable growth during 2008-2013 owing to the presence of strong economy, high standard of clinical research, highly developed infrastructure and technologically advanced research and innovation center.

Figure: Germany Medical Device Market Size on the Basis of Production Value in EUR Million, 2008-2013

The medical devices market of Germany is mainly segmented into seven key segments which include general medical instruments and appliances, medical and electro-diagnostic apparatus, consumables, ophthalmic instruments, dental devices, respiratory devices and orthopaedic appliances. The medical devices market of Germany is dominated by the orthopaedic appliances market with a share of ~% in 2013.

Table: Germany Medical Devices Market Segmentation by Equipments on the Basis of Production Value in Percentage (%), 2008-2013

Categories	2008	2009	2010	2011	2012	2013
Orthopaedic Appliances
Dental Devices
Diagnostics Apparatus
Medical Instruments
Medical Consumables
Ophthalmic Instruments
Respiratory Devices
Others
Total	100%	100%	100%	100%	100%	100%

The share of dental devices market has grown from ~% in 2008 to ~% in 2013. The advancement in the diagnostic and treatment technologies in the dental field that has led to minimal pain and precise diagnosis has been the key factor responsible for the growth of dental devices market.

The Germany orthopaedic devices market is dominated by orthopaedic appliances, splints and other fracture appliances market with a share of ~% in 2013. This market has grown from EUR ~ million in 2008 to EUR ~ million in 2013, at a CAGR of ~%. The country is the largest producer of orthopaedic appliances in EU and produces high quality medical equipments for the treatment of bone related disorders and diseases.

Figure: Germany Orthopaedic Devices Market Segmentation by Equipments on the Basis of Production Value in Percentage (%), 2008-2013

The medical devices market in Germany is projected to grow at a CAGR of ~% during 2013-2018 and will witness revenue worth EUR ~ million by 2018.

Table: Germany Medical Device Market Future Projections on the Basis of Production Value from Different Segments in EUR Million, 2014-2018

Categories	2014	2015	2016	2017	2018
Orthopaedic Appliances
Dental Devices
General Medical Instruments and Appliances Market
Others
Total