Definition:
The Medical Devices market includes instruments and machines helping for the prevention, diagnosis, and treatment of diseases. This market is further broken down into 6 submarkets according to medical specialties or types of application. Medical devices that treat the heart, such as pacemakers, can be found in the Cardiology Devices market. The Diagnostic Imaging market covers machines and instruments for diagnosis of many different kinds of conditions. Devices for orthopedic applications, such as joint implants, are included in the Orthopedic Devices market. Ophthalmic Devices are devices used for conditions related to the eye. The General & Plastic Surgery Devices covers many different products required for surgeries. The Other Medical Devices market provides information on additional areas that are not covered by the main markets.
Additional information:
Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.
Company examples: Medtronic, Johnson & Johnson, Siemens Healthineers.
Notes: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war.
Most recent update: Aug 2024
Source: Statista Market Insights
Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
Most recent update: Mar 2024
Most recent update: Mar 2024
Source: Statista Market Insights
The Medical Devices market in Benelux is experiencing steady growth due to various factors such as customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Benelux region have been shifting towards more advanced and innovative medical devices. Patients and healthcare professionals are now seeking devices that offer better accuracy, convenience, and improved patient outcomes. This preference for advanced medical devices is driving the demand for products such as wearable devices, telemedicine devices, and minimally invasive surgical instruments. In addition to customer preferences, several trends are shaping the Medical Devices market in Benelux. One of the key trends is the increasing adoption of digital health technologies. The integration of digital technologies such as artificial intelligence, Internet of Things, and big data analytics has revolutionized the healthcare industry. These technologies are being used in medical devices to enhance diagnostic capabilities, improve patient monitoring, and enable remote healthcare services. The growing trend of personalized medicine is also driving the demand for medical devices that can be customized to individual patients' needs. The local special circumstances in Benelux, such as the presence of leading healthcare research institutions and a strong focus on innovation, contribute to the development of the Medical Devices market. The region is known for its high-quality healthcare system and advanced medical research capabilities. This creates a conducive environment for the development and commercialization of innovative medical devices. Furthermore, the Benelux region has a well-established healthcare infrastructure and a high level of healthcare expenditure, which supports the adoption of new medical technologies. Underlying macroeconomic factors also play a significant role in the growth of the Medical Devices market in Benelux. The region has a stable economy and a high per capita income, which allows individuals and healthcare institutions to afford advanced medical devices. Additionally, the aging population in Benelux is driving the demand for medical devices, as older individuals require more healthcare services and treatments. The increasing prevalence of chronic diseases, such as cardiovascular diseases and diabetes, is also contributing to the growth of the Medical Devices market in the region. In conclusion, the Medical Devices market in Benelux is developing due to customer preferences for advanced and innovative devices, trends such as the adoption of digital health technologies and personalized medicine, local special circumstances including leading healthcare research institutions and a strong focus on innovation, and underlying macroeconomic factors such as a stable economy and an aging population. These factors are driving the demand for medical devices in the region and creating opportunities for market growth.
Most recent update: Aug 2024
Source: Statista Market Insights
Data coverage:
Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.Modeling approach / Market size:
Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators.Additional notes:
Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights