95 Billion-Dollar EMEA Device Market Demonstrates Growth

95 Billion-Dollar EMEA Device Market Demonstrates Growth

 The EMEA is estimated to have 30% of the total global market for medical devices, or about 95 billion dollars, according to our latest report on medical device sales in the region.  The market for medical devices worldwide is influenced by several factors including economic conditions, population demographics, healthcare spending, product availability and reimbursement. These factors vary by the different geographic markets.   The finding was made in our latest report, The Medical Device Market in EMEA.

 The study concentrated on the EMEA medical device market which includes Europe, Middle East and Africa.  The largest country in this market includes Germany, France, UK, Italy, Israel, Iran, Jordan, Saudi Arabia, UAE, South Africa and Egypt.  As our report details, the Europe medical device market varies by region and country.   The report details the differences between the countries.

EMEA’s device market will stay a bit ahead of the United States according to Kalorama.  A key benefit is the improved regulatory system, according to Kalorama.  Europe has a well-established medical device arena that had been fairly stable. Economic conditions and changing demographics have threatened this market for the past few years. Although the economic conditions are slightly improving, the aging populations in Europe are straining governments’ abilities to provide new and innovative medical devices.  The European Union has more of a commercially driven system than the government regulatory system in the United States. Until the 1990s, each country had its own approach to device evaluation. After the EU was formed, policy changed so that a medical device that earns Conformité Européenne (CE) can be marketed in any member country.