BMI View : Despite an increasingly challenging operating environment, Germany will remain one of the most attractive medical device markets in Western Europe, testament to the underlying strength of the German economy and a commitment to maintain a high quality healthcare service. However, sustained downward pressure on prices, particularly from co-operative purchasing and tenders, will continue to hit profit margins.
|Total (USDmn)||Per Capita (USD)||Total (Local Currency mn)||Per Capita (Local Currency)||Exchange Rate (Local Currency/USD)|
Latest Updates and Key Forecasts
We forecast that the market will grow at a 2014-2019 CAGR of 5.5% in euro terms. In US dollar terms, the 2014-2019 CAGR will be lower at 3.2%, which will see the market grow from USD26.3bn in 2014 to USD30.8bn in 2019.
We expect imports will post an improved performance in US dollar terms during 2016 as the euro stabilises against the US dollar. In the 12 months to November 2015, imports grew by 13.9% in euro terms, but fell by 4.8% in US dollar terms. This compares to gains of 1.2% in euro terms and 2.8% in US dollar terms for the full 2014 year, when imports reached USD18.5bn.
We expect exports will gain momentum in 2016, benefitting from an upturn in key eurozone markets . In the 12 months to November 2015, exports grew by 11.2% in euro terms, but fell by 7.0% in US dollar terms. This compares to gains of 0.2% in euro terms and 1.7% in US dollar terms for the full 2014 year, when exports reached USD28.9bn.
The majority of Class III and Class IIb higher risk medical devices will not be subjected to new benefit assessment procedures that could have hindered market access for innovative medical technologies. New regulations that took effect on January 1 2016 will only apply to procedures based on a new theoretical concept and to treatment methods and devices involving devices that are particularly invasive as defined by criteria published in December 2015.
The Germany 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 Germany provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Germany Medical Devices industry.
- Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Germany, 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 Germany.
- Target Business Opportunities in the Germany Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Germany.
- 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.