A new report is being touted by market intelligence company TechNavio. Titled the Medical Technology Market in Europe 2014-2018, the report forecasts the Medical Technology Market in Europe to grow at a CAGR of 4.50 percent over the period 2013-2018.
More than five million medtech products are available today out of which 20,000 are from generic groups. Many people depend on medical technology at home, hospital and nursing homes for life-supporting machines, wheelchairs, insulin pens, pregnancy tests.
Prepared based on an in-depth market analysis with inputs from industry experts, the report covers the present scenario and growth prospects for the sector in Europe with specific focus on countries such as Germany, France, UK, Italy, and Spain. It also includes a discussion of the key vendors operating in this market.
Medical technology is defined as referring to technology used in individuals suffering from wide range of conditions to ensure better health of the patients along the entire pathway from diagnosis to cure. It includes software solutions, medical devices, imaging, biological derived devices, and diagnostic equipment alongside technologies such as active and non-active implantable, aesthetic and respiratory, IVD, dental, electromechanical medical, and therapeutic radiation.
To calculate the market size, the report considers the revenue generated from the sales of diagnostic, treatment, alleviating, preventive, and monitoring technologies; in vitro diagnostics use in diseases, injured, and handicapped people; and healthcare software. The report also covers technologies for investigation, replacement, or modification of anatomy and physiology such as left ventricular assist devices, robotic-assisted surgery, diagnostic imaging services, cervical disc replacements, transcatheter valve replacements, intraocular lenses, renal denervation, mobile health, and molecular diagnostics. The scope of this report excludes contract manufacturing organizations, contract research organizations and technologies, which primarily act by exerting metabolic, immunological, or pharmacological actions.
The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors in the Medical Technology Market in Europe. In addition, it discusses the major drivers that influence the growth of the Medical Technology Market in Europe. It also outlines the challenges faced by the vendors and market at large, as well as the key trends emerging in the market.
The report is available here for the very reasonable single user price of only £1600 (about $2700), for which one might have expected the title to contain all the correct letters (medial vs medical…ouch).
Source: PR Newswire