BMI Industry View : France will remain the fifth largest market in the world but will see more moderate growth over the next five years , constrained by a sluggish economy and cost containment measures in the healthcare sector. Growth will be primarily driven by the rising healthcare needs of the ageing population and the need to keep pace with new technology.
|Total (USDmn)||Per Capita (USD)||Total (Local Currency mn)||Per Capita (Local Currency)||Exchange Rate (Local Currency/USD)|
Latest Updates And Key Forecasts
We have revised down our forecasts on the back of the Brexit referendum results and likely exit of the UK from the EU, which will impact on French economic growth. We anticipate the market will expand at a euro 2015-2020 CAGR of 4.5% and a US dollar 2015-2020 CAGR of 2.3%, taking the value to USD14.6bn.
We expect imports will register an improved performance in US dollar terms in 2016, following negative growth in 2015. Imports grew by 6.9% y-o-y in euro terms in the 12 months to June 2016, but fell by 1.0% in US dollar terms taking the running annual total to USD10.5bn.
France's long standing competitiveness issues will hinder export growth, increasing the trade deficit still further. Exports grew by 0.9% y-o-y in euro terms in the 12 months to June 2016, but fell by 6.6% in US dollar terms reducing the running annual total to USD7.5bn.
The domestic industry will remain vulnerable to multinational takeovers as smaller companies struggle to compete in the global market. Acquisitions in 2016 include Zimmer-Biomet's purchase of the surgical robotics company Medtech and the spinal company LDR. The increasing dominance of multinationals risks French innovations being developed abroad despite renewed government efforts to support the competitiveness of the domestic industry.
The France Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a BMI Research's company. These forecasts and estimates focus on six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices.
Detailed product breakdown for market, trade and production data in France provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the France Medical Devices industry.
- Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for France, to test analysis as it is a key input for budgeting and strategic business planning. Use our standardised data to gain a better understanding of market performance in France.
- Target Business Opportunities in the France Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in France.
- Assess the activities and market position of your competitors via our assessments of domestic production, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.
BMI Industry View
Provides industry, political and economic views. Briefly analyses the medical devices market, taking into account the latest industry forecasts, healthcare indicators and industry trends & developments.
SWOT analyses of the medical devices market, the political environment, the economic landscape and the business environment.
Evaluates and analyses the medical devices market in terms of historical and forecast trends, covering six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices. Additionally, presents annual and monthly import and export trade data.
Presents macroeconomic forecasts impacting the medical devices market.
Industry Risk Reward Index
Risk Reward Indices tool, which provides a globally comparative and numerically based assessment of the medical devices market’s attractiveness.
Assesses the medical devices market in the current year. Additionally, covers healthcare trends shaping the market, focusing on health status, healthcare system, healthcare funding, healthcare resources, healthcare activity and healthcare personnel. Includes historical healthcare data.
Industry Trends & Developments
Analyses the latest industry trends and developments shaping the market, in terms of monthly trade performance, forecast trends, production changes, regulatory developments, competitive strategies, political events and economic performance.
A focus on government healthcare reforms, epidemiological trends, mergers and acquisitions, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.
Values historical medical devices production, and analyses the presence of national and multinational manufacturers operating in the market. Also, compares the presence of leading multinational company operations, either via sales & marketing, distribution or manufacture. Finally, takes into account market access drivers, including major distribution channels, trade associations and trade shows.
Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.