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. However, lengthy delays in gaining reimbursement for new devices remain a concern despite government measures to support innovation.
|Total (USDmn)||Per Capita (USD)||Total (Local Currency mn)||Per Capita (Local Currency)||Exchange Rate (Local Currency/USD)|
Latest Updates And Key Forecasts
We maintain our forecast that 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 EUR14.6bn (USD14.6bn).
We expect import growth to slow in H216 as the euro weakens against the dollar with the UK vote to leave the European Union undermining the eurozone's economic growth outlook. Imports grew by 6.4% y-o-y in euro terms in the 12 months to July 2016 and by 8.0% in the final three months. In US dollar terms, imports grew by 8.6% over the 3-month period and by 0.4% over the 12-month period, 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 1.1% y-o-y in euro terms in the 12 months to July 2016 and by 2.8% in the final three months. In US dollar terms, exports grew by 0.8% over the 3-month period, but fell by 5.2% over the 12-month period, reducing the running annual total to USD7.5bn.
Mounting delays in approving new medical devices for reimbursement will continue to hinder market access for innovative devices, which in conjunction with cost containment measures on more mature products, will hit industry profitability. This is despite a government commitment to champion innovation in the medical device sector as a means of providing a more cost-effective health service and to support the competitiveness of the domestic industry in the global market.
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.