keyboard_arrow_up

Shifting Focus towards Untapped Markets Encouraging Growth in the Medical technology Market in Europe

Reportstack has announced a new market research report on the Medical technology Market in Europe 2014-2018, which is expected to post a CAGR of 4.50 percent during the forecast period of 2013-2018.

“Lenient regulatory guidelines, low manufacturing costs, skilled labor, and limited market competition are some of the incentives offered by developing countries, which can decrease the overall development cost of the medical device and thereby increase the manufacturer’s profit,”.

“Medical technology vendors are shifting their focus toward developing economies, as these countries offer large population groups as customers and clinical trial subjects.”

Key Market Drivers

  • Increase in Aging Population
  • Increase in Incidence and Prevalence of Chronic Diseases
  • Advances in Technology

Key Market Trends

  • Emergence of User-friendly Technologies
  • Shifting Focus toward Untapped Markets

Key Market Vendors

  • GE Healthcare
  • Johnson & Johnson
  • Medtronic Inc.
  • Roche Diagnostics
  • Siemens Healthcare Diagnostics Inc.

To define the market circumstances in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

Complete report available @ Shifting Focus towards Untapped Markets Encouraging Growth in the Medical technology Market in Europe.