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
|