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
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| Regions covered | Central Germany, Eastern Germany, Western Germany and rest of Germany
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| 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
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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:
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By Function:
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Diagnostic and Monitoring
Surgical
Therapeutic
Other Devices
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By Application:
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Cardiovascular Devices
General Medical Devices
Home Healthcare Devices
Orthopedic Devices
Surgical and Infection Control Devices
Other Devices
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By End Use:
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Homecare Medical Device
Hospital and Ambulatory Care Medical Device
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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 report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Germany Medical Devices Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Germany Medical Devices Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2023-2033
7.2. Diagnostic and Monitoring
7.3. Surgical
7.4. Therapeutic
7.5. Other Devices
8. Germany Medical Devices Market, By Application (USD Million)
8.1. Germany Medical Devices Market Value Share and Forecast, By Application, 2023-2033
8.2. Cardiovascular Devices
8.3. General Medical Devices
8.4. Home Healthcare Devices
8.5. Orthopedic Devices
8.6. Surgical and Infection Control Devices
8.7. 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, 2023-2033
9.2. Homecare Medical Device
9.3. 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 Germany
14.4. Eastern Germany
14.5. Western Germany
14.6. Rest of Germany
15. Company Profile
15.1. Abbott GmbH
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. Alcon Deutschland GmbH
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. Bausch & Lomb GmbH
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. Baxter Deutschland GmbH
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. Becton Dickinson Rowa Germany GmbH
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. Dexcom Deutschland GmbH
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. Fujifilm Europe GmbH, Medtronic GmbH
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. GE Healthcare GmbH
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments
15.9. Hill-Rom GmbH
15.9.1. Company details
15.9.2. Financial outlook
15.9.3. Product summary
15.9.4. Recent developments
15.10. Johnson & Johnson GmbH
15.10.1. Company details
15.10.2. Financial outlook
15.10.3. Product summary
15.10.4. Recent developments
15.11. Philips Medical Systems DMC GmbH
15.11.1. Company details
15.11.2. Financial outlook
15.11.3. Product summary
15.11.4. Recent developments
15.12. ResMed Germany Inc.
15.12.1. Company details
15.12.2. Financial outlook
15.12.3. Product summary
15.12.4. Recent developments
15.13. Roche Diagnostics GmbH
15.13.1. Company details
15.13.2. Financial outlook
15.13.3. Product summary
15.13.4. Recent developments
15.14. Siemens Healthcare GmbH
15.14.1. Company details
15.14.2. Financial outlook
15.14.3. Product summary
15.14.4. Recent developments
15.15. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope