Europe Medical Device Market Outlook, 2029

The Europe Medical Device Market is estimated to reach a staggering value of USD 200 billion by 2027, driven by rise in focus of healthcare.

According to publisher, The European medical device market stands as a global leader, driven by a focus on advanced technologies, stringent regulations, and an aging population. Market Insights Market Size and Growth: The European medical device market is estimated to reach a staggering value of USD 200 billion by 2027, with a promising CAGR exceeding 7%. This growth signifies the increasing demand for advanced medical technologies in Europe.

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Growth Drivers: Several factors are propelling the European medical device market forward: Aging Population: Europe's aging population creates a growing demand for medical devices used in diagnostics, treatment, and rehabilitation. Technological Advancements: Advancements in areas like robotics, artificial intelligence (AI), and minimally invasive surgery are driving the development of innovative medical devices.

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Manmayi Raval

Manmayi Raval

Research Consultant

Example: Robotic surgery systems are being adopted in European hospitals, offering benefits like improved precision, minimal scarring, and faster patient recovery times. Focus on Healthcare Quality: European healthcare systems strive to improve patient outcomes and healthcare quality, leading to increased adoption of advanced medical devices. Market Dynamics The European medical device market is a dynamic environment shaped by several key forces:

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Manmayi Raval

Stringent Regulations: The European Union (EU) enforces stringent regulations for medical devices to ensure patient safety and device efficacy. This creates a high barrier to entry for new market players. Reimbursement Challenges: Reimbursement policies by European governments can impact the adoption of new medical devices due to cost considerations. Cybersecurity Threats: The increasing reliance on interconnected medical devices necessitates robust cybersecurity measures to protect against cyberattacks and data breaches. Market Segments The European medical device market can be segmented based on various criteria: Product Type: Diagnostics: Imaging devices (MRI, CT scanners), in-vitro diagnostics (IVDs) for disease detection. Therapeutics: Cardiovascular stents, pacemakers, surgical robots. Monitoring Devices: Blood glucose monitors, implantable cardiac monitors. Application Area: Cardiology: Devices for heart disease diagnosis, treatment, and monitoring. Oncology: Devices for cancer diagnosis, treatment, and supportive care. Ophthalmology: Devices for eye disease diagnosis and treatment. Regional Analysis The European medical device market has variations across different regions: Western Europe: Western Europe holds the largest market share, driven by established healthcare infrastructure, high healthcare spending, and a focus on advanced technologies. Example: Germany is a major market for medical devices, with a strong presence of leading manufacturers and research institutions. Central and Eastern Europe: The CEE region is experiencing rapid growth in the medical device market due to increasing healthcare investments and a growing middle class. Example: Poland is emerging as a hub for medical device manufacturing, attracting investments due to lower production costs compared to Western Europe. Key Developments The European medical device market is witnessing continuous innovation and strategic developments: Mergers and Acquisitions: Leading medical device companies are actively involved in mergers and acquisitions to expand their product portfolios and geographical reach. Telemedicine: The adoption of telemedicine is increasing, allowing remote patient monitoring and diagnoses using medical devices. Focus on Personalized Medicine: Advancements in AI and big data analytics are paving the way for personalized medicine with customized treatment plans based on individual patient data. Competitive Landscape The European medical device market is a competitive landscape with a mix of global giants, established European players, and innovative startups: Global Medical Device Leaders: Companies like Medtronic, Siemens Healthineers, and Philips are major players, offering a broad range of medical devices across various segments. European Medical Device Companies: European companies like Getinge and F. Hoffmann-La Roche cater to the specific needs of the European market and comply with EU regulations. Emerging Startups: Startups are developing innovative medical devices, particularly in areas like digital health and personalized medicine. The European medical device market offers immense potential for innovation and improved patient care. By embracing new technologies and navigating the regulatory landscape, healthcare providers and medical device companies can contribute to a healthier future for Europe.

Table of Contents

  • 1 Introduction 10
  • 1.1 Industry Definition and Research Scope 10
  • 1.1.1 Industry Definition 10
  • 1.1.2 Research Scope 11
  • 1.2 Research Methodology 14
  • 1.2.1 Overview of Market Research Methodology 14
  • 1.2.2 Market Assumption 15
  • 1.2.3 Secondary Data 15
  • 1.2.4 Primary Data 15
  • 1.2.5 Data Filtration and Model Design 16
  • 1.2.6 Market Size/Share Estimation 17
  • 1.2.7 Research Limitations 18
  • 1.3 Executive Summary 19
  • 2 Market Overview and Dynamics 22
  • 2.1 Market Size and Forecast 22
  • 2.1.1 Impact of COVID-19 on World Economy 23
  • 2.1.2 Impact of COVID-19 on the Market 26
  • 2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 28
  • 2.2 Major Growth Drivers 32
  • 2.3 Market Restraints and Challenges 39
  • 2.4 Emerging Opportunities and Market Trends 42
  • 2.5 Porter’s Fiver Forces Analysis 46
  • 3 Segmentation of Europe Market by Category 50
  • 3.1 Market Overview by Category 50
  • 3.2 Diagnostic Devices 52
  • 3.2.1 Electrodiagnostic Devices 53
  • 3.2.2 Radiation Devices 54
  • 3.2.3 Imaging Parts & Accessories 55
  • 3.3 Consumables 57
  • 3.3.1 Syringes, Needles & Catheters 58
  • 3.3.2 Bandages & Dressings 59
  • 3.3.3 Suturing Materials 60
  • 3.3.4 Other Consumables 61
  • 3.4 Patient Aids 63
  • 3.4.1 Portable Aids 64
  • 3.4.2 Therapeutic Applications 65
  • 3.5 Orthopaedics and Prosthetics 66
  • 3.5.1 Fixation Devices 67
  • 3.5.2 Artificial Joints 68
  • 3.5.3 Other Artificial Body Parts 69
  • 3.6 Dental Products 70
  • 3.6.1 Dental Instrument & Supplies 71
  • 3.6.2 Dental Capital Equipment 73
  • 3.7 Other Medical Device Categories 74
  • 4 Segmentation of Europe Market by Application 76
  • 4.1 Market Overview by Application 76
  • 4.2 Diagnostic Imaging Devices 78
  • 4.3 In Vitro Diagnostics (IVDs) 79
  • 4.4 Cardiology 80
  • 4.5 Orthopedics 81
  • 4.6 Ophthalmics 82
  • 4.7 Respiratory 83
  • 4.8 Urology & Gynecology 84
  • 4.9 General and Plastic Surgery 85
  • 4.10 Endoscopy 86
  • 4.11 Dental 87
  • 4.12 Diabetic Care 88
  • 4.13 Wound Management 89
  • 4.14 Nephrology 90
  • 4.15 General Hospital and Healthcare 91
  • 4.16 Ear, Nose and Throat 92
  • 4.17 Neurology 93
  • 4.18 Robotics Navigation 94
  • 4.19 Other Applications 95
  • 5 Segmentation of Europe Market by End User 96
  • 5.1 Market Overview by End User 96
  • 5.2 Hospitals & Surgical Centers 98
  • 5.3 Clinics 99
  • 5.4 Household 100
  • 5.5 Other End Users 101
  • 6 European Market 2022-2032 by Country 102
  • 6.1 Overview of European Market 102
  • 6.2 Germany 105
  • 6.3 U.K. 107
  • 6.4 France 110
  • 6.5 Spain 112
  • 6.6 Italy 115
  • 6.7 Russia 118
  • 6.8 Rest of European Market 121
  • 7 Competitive Landscape 123
  • 7.1 Overview of Key Vendors 123
  • 7.2 New Product Launch, Partnership, Investment, and M&A 127
  • 7.3 Company Profiles 128
  • 3M Co. 128
  • Abbott Laboratories 130
  • Allergan plc 135
  • Baxter International Inc. 136
  • Bayer 139
  • B Braun Melsungen Ag 142
  • Becton, Dickinson and Co. 145
  • Boston Scientific Corp. 148
  • Cardinal Health Inc. 151
  • Covidien plc 154
  • Cryolife Inc. 155
  • Danaher 157
  • Depuy Synthes 160
  • Endologix, Inc. 162
  • Essilor Luxottica S.A. 164
  • Fresenius Kabi Ag 165
  • General Electric Co. (GE Healthcare) 168
  • Getinge Ab 171
  • Johnson & Johnson 173
  • Koninklijke Philips NV 176
  • Medtronic Inc. 180
  • Novartis AG 183
  • Olympus Corp. 186
  • Roche Diagnostics 189
  • Siemens Healthineers 192
  • Smith & Nephew PLC 194
  • Smiths Medical 196
  • St. Jude Medical Inc. 198
  • Stryker Corp. 199
  • Terumo Corp. 202
  • Thermo Fisher Scientific 203
  • Zimmer Holdings Inc. 206
  • Related Reports and Products 209



Table 1. Snapshot of Europe Medical Device Market in Balanced Perspective, 2022-2032 20
Table 2. World Economic Outlook, 2021-2031 24
Table 3. World Economic Outlook, 2021-2023 25
Table 4. Scenarios for Economic Impact of Ukraine Crisis 29
Table 5. Main Product Trends and Market Opportunities in Europe Medical Device Market 42
Table 6. Europe Medical Device Market by Category, 2022-2032, $ bn 50
Table 7. Europe Medical Device Market: Diagnostic Devices by Segment, 2022-2032, $ bn 52
Table 8. Europe Medical Device Market: Electrodiagnostic Devices by Segment, 2022-2032, $ bn 53
Table 9. Europe Medical Device Market: Radiation Devices by Segment, 2022-2032, $ bn 54
Table 10. Europe Medical Device Market: Imaging Parts & Accessories by Segment, 2022-2032, $ bn 55
Table 11. Europe Medical Device Market: Consumables by Segment, 2022-2032, $ bn 57
Table 12. Europe Medical Device Market: Syringes, Needles & Catheters by Segment, 2022-2032, $ bn 58
Table 13. Europe Medical Device Market: Bandages & Dressings by Segment, 2022-2032, $ bn 59
Table 14. Europe Medical Device Market: Other Consumables by Segment, 2022-2032, $ bn 61
Table 15. Europe Medical Device Market: Patient Aids by Segment, 2022-2032, $ bn 63
Table 16. Europe Medical Device Market: Portable Aids by Segment, 2022-2032, $ bn 64
Table 17. Europe Medical Device Market by Patient Aids: Therapeutic Applications by Segment, 2022-2032, $ bn 65
Table 18. Europe Medical Device Market: Orthopaedics and Prosthetics by Segment, 2022-2032, $ bn 66
Table 19. Europe Medical Device Market: Dental Products by Segment, 2022-2032, $ bn 70
Table 20. Europe Medical Device Market: Dental Instrument & Supplies by Segment, 2022-2032, $ bn 71
Table 21. Europe Medical Device Market: Dental Capital Equipment by Segment, 2022-2032, $ bn 73
Table 22. Europe Medical Device Market: Other Medical Device Categories by Segment, 2022-2032, $ bn 75
Table 23. Europe Medical Device Market by Application, 2022-2032, $ bn 76
Table 24. Europe Medical Device Market by End User, 2022-2032, $ bn 96
Table 25. Europe Medical Device Market by Country, 2022-2032, $ bn 104
Table 26. Germany Medical Device Market by Application, 2022-2032, $ bn 106
Table 27. Germany Medical Device Market by End User, 2022-2032, $ bn 106
Table 28. U.K. Medical Device Market by Application, 2022-2032, $ bn 109
Table 29. U.K. Medical Device Market by End User, 2022-2032, $ bn 109
Table 30. France Medical Device Market by Application, 2022-2032, $ bn 111
Table 31. France Medical Device Market by End User, 2022-2032, $ bn 111
Table 32. Spain Medical Device Market by Application, 2022-2032, $ bn 113
Table 33. Spain Medical Device Market by End User, 2022-2032, $ bn 113
Table 34. Italy Medical Device Market by Application, 2022-2032, $ bn 116
Table 35. Italy Medical Device Market by End User, 2022-2032, $ bn 116
Table 36. Russia Medical Device Market by Application, 2022-2032, $ bn 119
Table 37. Russia Medical Device Market by End User, 2022-2032, $ bn 119
Table 38. Medical Device Market in Rest of Europe by Country, 2022-2032, $ bn 122
Table 39. Breakdown of World Market by Key Vendor, 2022, % 125
Table 40. 3M Co.: Company Snapshot 128
Table 41. 3M Co.: Business Segmentation 128
Table 42. 3M Co.: Product Portfolio 129
Table 43. Abbott Laboratories: Company Snapshot 130
Table 44. Abbott Laboratories: Business Segmentation 131
Table 45. Abbott Laboratories: Product Portfolio of MD 132
Table 46. Abbott Laboratories: Revenue, 2018-2020, $ bn 132
Table 47. Baxter International Inc.: Company Snapshot 136
Table 48. Baxter International Inc.: Business Segmentation 136
Table 49. Baxter International Inc.: Revenue by Region 137
Table 50. Baxter International Inc.: Product Portfolio of MD 137
Table 51. Bayer AG: Company Snapshot 139
Table 52. Bayer AG: Business Segmentation 140
Table 53. Bayer AG: Product Portfolio of MD 140
Table 54. Bayer AG: Revenue, 2018-2020, € bn 140
Table 55. B Braun Melsungen Ag: Company Snapshot 142
Table 56. B Braun Melsungen Ag: Business Segmentation 143
Table 57. B Braun Melsungen Ag: Revenue by Region 143
Table 58. Becton, Dickinson & Co: Company Snapshot 145
Table 59. Becton, Dickinson & Co: Product Portfolio of MD 146
Table 60. Boston Scientific Corp.: Company Snapshot 148
Table 61. Boston Scientific Corp.: Product Portfolio of MD 149
Table 62. Cardinal Health Inc.: Company Snapshot 151
Table 63. Cardinal Health Inc.: Product Portfolio of MD 152
Table 64. CryoLife Inc.: Product Portfolio of MD 155
Table 65. Danaher Corporation: Company Snapshot 157
Table 66. Danaher Corporation: Product Portfolio of MD 158
Table 67. DePuy Synthes: Product Portfolio of MD 160
Table 68. Endologix, Inc.: Product Portfolio of MD 162
Table 69. Fresenius Kabi Ag: Company Snapshot 165
Table 70. Fresenius Kabi Ag: Business Segmentation 166
Table 71. Fresenius Kabi Ag: Revenue by Region 166
Table 72. Fresenius Kabi Ag: Product Portfolio of MD 166
Table 73. General Electric: Company Snapshot 168
Table 74. General Electric: Product Portfolio of MD 169
Table 75. Getinge Ab: Product Portfolio of MD 171
Table 76. Johnson & Johnson: Company Snapshot 173
Table 77. Johnson & Johnson: Business Segments 173
Table 78. Koninklijke Philips N.V.: Company Snapshot 176
Table 79. Koninklijke Philips N.V.: Revenue, 2016-2018, $ bn 177
Table 80. Koninklijke Philips N.V.: Product Portfolio of MD 177
Table 81. Medtronic Inc.: Company Snapshot 180
Table 82. Medtronic Inc.: Net Revenue by Segment, 2018-2020, $ bn 181
Table 83. Medtronic Inc.: Net Revenue by Region, 2017-2019, $ bn 181
Table 84. Medtronic Inc.: Product Portfolio of MD 181
Table 85. Novartis International AG: Company Snapshot 183
Table 86. Novartis International AG: Business Segmentation 183
Table 87. Novartis International AG: Revenue, 2017-2019, $ bn 184
Table 88. Novartis International AG: Product Portfolio of MD 184
Table 89. Olympus Corp.: Product Portfolio of MD 187
Table 90. Roche Diagnostics: Product Portfolio of MD 190
Table 91. Siemens Healthineers: Company Snapshot 192
Table 92. Siemens Healthineers: Product Portfolio of MD 193
Table 93. Smith & Nephew PLC: Company Snapshot 194
Table 94. Smith & Nephew PLC: Product Portfolio of MD 194
Table 95. Smiths Medical: Product Portfolio of MD 197
Table 96. Stryker Corp.: Company Snapshot 199
Table 97. Stryker Corp.: Net Revenue by Segment, 2017-2019, $ bn 200
Table 98. Stryker Corp.: Net Revenue by Region, 2017-2019, $ bn 200
Table 99. Stryker Corp.: Product Portfolio of MD 200
Table 100. Thermo Fisher Scientific: Company Snapshot 203
Table 101. Thermo Fisher Scientific: Product Portfolio of MD 204
Table 102. Zimmer Biomet Holdings, Inc.: Company Snapshot 206
Table 103. Zimmer Biomet Holdings, Inc.: Business Segments 207
Table 104. Zimmer Biomet Holdings, Inc.: Product Portfolio of MD 207



Figure 1. Research Method Flow Chart 14
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 17
Figure 3. Europe Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 19
Figure 4. Europe Medical Device Market, 2022-2032, $ bn 22
Figure 5. Impact of COVID-19 on Business 26
Figure 6. Primary Drivers and Impact Factors of Europe Medical Device Market 32
Figure 7. Worldwide Geriatric Population (60 years and above) by Regions, 2015 & 2032, million 35
Figure 8. World Population 65 and Over, % of Total Population, 1950-2060 35
Figure 9. World Number of Deaths by Cause in 2017 37
Figure 10. World Number of Deaths from Cancers in 2017 38
Figure 11. Primary Restraints and Impact Factors of Europe Medical Device Market 39
Figure 12. Investment Opportunity Analysis 43
Figure 13. Porter’s Fiver Forces Analysis of Europe Medical Device Market 46
Figure 14. Breakdown of Europe Medical Device Market by Category, 2022-2032, % of Revenue 51
Figure 15. Europe Addressable Market Cap in 2023-2032 by Category, Value ($ bn) and Share (%) 51
Figure 16. Europe Medical Device Market by Category: Diagnostic Devices, 2022-2032, $ bn 52
Figure 17. Europe Medical Device Market by Diagnostic Devices: Electrodiagnostic Devices, 2022-2032, $ bn 53
Figure 18. Europe Medical Device Market by Diagnostic Devices: Radiation Devices, 2022-2032, $ bn 54
Figure 19. Europe Medical Device Market by Diagnostic Devices: Imaging Parts & Accessories, 2022-2032, $ bn 55
Figure 20. Europe Medical Device Market by Category: Consumables, 2022-2032, $ bn 57
Figure 21. Europe Medical Device Market by Consumables: Syringes, Needles & Catheters, 2022-2032, $ bn 58
Figure 22. Europe Medical Device Market by Consumables: Bandages & Dressings, 2022-2032, $ bn 59
Figure 23. Europe Medical Device Market by Consumables: Suturing Materials, 2022-2032, $ bn 60
Figure 24. Europe Medical Device Market by Consumables: Other Consumables, 2022-2032, $ bn 61
Figure 25. Europe Medical Device Market by Category: Patient Aids, 2022-2032, $ bn 63
Figure 26. Europe Medical Device Market by Patient Aids: Portable Aids, 2022-2032, $ bn 64
Figure 27. Europe Medical Device Market: Therapeutic Applications, 2022-2032, $ bn 65
Figure 28. Europe Medical Device Market by Category: Orthopaedics and Prosthetics, 2022-2032, $ bn 66
Figure 29. Europe Medical Device Market by Orthopaedics and Prosthetics: Fixation Devices, 2022-2032, $ bn 67
Figure 30. Europe Medical Device Market by Orthopaedics and Prosthetics: Artificial Joints, 2022-2032, $ bn 68
Figure 31. Europe Medical Device Market by Orthopaedics and Prosthetics: Other Artificial Body Parts, 2022-2032, $ bn 69
Figure 32. Europe Medical Device Market by Category: Dental Products, 2022-2032, $ bn 70
Figure 33. Europe Medical Device Market by Dental Products: Dental Instrument & Supplies, 2022-2032, $ bn 71
Figure 34. Europe Medical Device Market by Dental Products: Dental Capital Equipment, 2022-2032, $ bn 73
Figure 35. Europe Medical Device Market by Category: Other Medical Device Categories, 2022-2032, $ bn 74
Figure 36. Breakdown of Europe Medical Device Market by Application, 2022-2032, % of Sales Revenue 77
Figure 37. Europe Addressable Market Cap in 2023-2032 by Application, Value ($ bn) and Share (%) 77
Figure 38. Europe Medical Device Market by Application: Diagnostic Imaging Devices, 2022-2032, $ bn 78
Figure 39. Europe Medical Device Market by Application: In Vitro Diagnostics (IVDs), 2022-2032, $ bn 79
Figure 40. Europe Medical Device Market by Application: Cardiology, 2022-2032, $ bn 80
Figure 41. Europe Medical Device Market by Application: Orthopedics, 2022-2032, $ bn 81
Figure 42. Europe Medical Device Market by Application: Ophthalmics, 2022-2032, $ bn 82
Figure 43. Europe Medical Device Market by Application: Respiratory, 2022-2032, $ bn 83
Figure 44. Europe Medical Device Market by Application: Urology & Gynecology, 2022-2032, $ bn 84
Figure 45. Europe Medical Device Market by Application: General and Plastic Surgery, 2022-2032, $ bn 85
Figure 46. Europe Medical Device Market by Application: Endoscopy, 2022-2032, $ bn 86
Figure 47. Europe Medical Device Market by Application: Dental, 2022-2032, $ bn 87
Figure 48. Europe Medical Device Market by Application: Diabetic Care, 2022-2032, $ bn 88
Figure 49. Europe Medical Device Market by Application: Wound Management, 2022-2032, $ bn 89
Figure 50. Europe Medical Device Market by Application: Nephrology, 2022-2032, $ bn 90
Figure 51. Europe Medical Device Market by Application: General Hospital and Healthcare, 2022-2032, $ bn 91
Figure 52. Europe Medical Device Market by Application: Ear, Nose and Throat, 2022-2032, $ bn 92
Figure 53. Europe Medical Device Market by Application: Neurology, 2022-2032, $ bn 93
Figure 54. Europe Medical Device Market by Application: Robotics Navigation, 2022-2032, $ bn 94
Figure 55. Europe Medical Device Market by Application: Other Applications, 2022-2032, $ bn 95
Figure 56. Breakdown of Europe Medical Device Market by End User, 2022-2032, % of Sales Revenue 97
Figure 57. Europe Addressable Market Cap in 2023-2032 by End User, Value ($ bn) and Share (%) 97
Figure 58. Europe Medical Device Market by End User: Hospitals & Surgical Centers, 2022-2032, $ bn 98
Figure 59. Europe Medical Device Market by End User: Clinics, 2022-2032, $ bn 99
Figure 60. Europe Medical Device Market by End User: Household, 2022-2032, $ bn 100
Figure 61. Europe Medical Device Market by End User: Other End Users, 2022-2032, $ bn 101
Figure 62. Breakdown of European Medical Device Market by Country, 2022 and 2032F, % of Revenue 103
Figure 63. Contribution to Europe 2023-2032 Cumulative Revenue by Country, Value ($ bn) and Share (%) 104
Figure 64. Medical Device Market in Germany, 2022-2032, $ bn 105
Figure 65. Medical Device Market in U.K., 2022-2032, $ bn 107
Figure 66. Medical Device Market in France, 2022-2032, $ bn 110
Figure 67. Medical Device Market in Spain, 2022-2032, $ bn 112
Figure 68. Medical Device Market in Italy, 2022-2032, $ bn 115
Figure 69. Medical Device Market in Russia, 2022-2032, $ bn 118
Figure 70. Medical Device Market in Rest of Europe, 2022-2032, $ bn 121
Figure 71. Growth Stage of Europe Medical Device Industry over the Forecast Period 123
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Europe Medical Device Market Outlook, 2029

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