Sensors in combination with implants as “the” future opportunity for medtech companies
January 2023 – In the field of sensors in combination with implants and application systems, considerable technical progress has been made in recent years. They are thus considered “the” future opportunity for medtech companies.
Market Segmentation in Germany as a Key Success Factor for Market Entry
July 2021 – Market Segmentation in Germany – According to the Federal Ministry of Health, there are about 400,000 different medical devices in Germany. These are diagnostic devices, products for surgery, intensive care, implants, products for sterilisation but also covers and medical aids of various kinds or surgical materials and laboratory diagnostics, and many more.
MRA: Switzerland is preparing a worst-case-szenario
April 2021 – MRA between Switzerland and the EU has to be updated. The new MDR has implications for the market introduction of medical devices in Switzerland.
Market Barriers to the introduction of medical devices in Germany. What could these be and how can they be overcome?
photo: iStock Market barriers to market entry in Germany for Medical Device Manufacturers
December 2020, Maria Klaas – According to a recent study from 2020 by Clairfield International, the German medical technology market is by far the largest in Europe with € 33 billion. It is therefore no wonder that small and medium-sized enterprises (SMEs) from Germany or abroad want to participate in this market.
The global market for medical technology companies – facts and figures
Juli 2020 – The global market for medical technology continues to offer great market opportunities for medical technology companies. Especially in the Middle East and Asia, the markets are growing steadily and rapidly. South America is recording double-digit growth rates, mainly due to the Mercosur free trade agreement concluded in 2019. Germany still plays the most important role in Europe. The per capita turnover is 402€, more than in any other country in the world.
There are 27,000 medtech companies in Europe, about half of which are based in Germany, followed by the UK, Ireland, Italy, Switzerland, Spain and France. Most of them are SMEs.
650,000 people work for medical technology companies in Europe, of which about 210,000 people are in Germany alone
Two of the world’s top-selling companies are based in Germany: Siemens Healthineers and Fresenius Medical Care. Three others are among the top 10 in Europe. These are Philipps in the Netherlands and Novartis and Roche in Switzerland
North America:
North America is the largest market for medical technology
Seven of the ten top-selling medical technology companies come from the USA
6,500 small and medium-sized MedTech companies are located in the USA
Approximately 520,000 people are employed by medical technology companies in the USA
The main hubs are located in California, Minnesota, Massachusetts. Florida, Indiana, Pennsylvania, Texas, New York, New Jersey and Illinois also play an important role
Asia:
Asia is the third largest market after North America and Europe. Market researchers assume that Asia will overtake Europe in 2020.
The main reason for the rapid growth in Asia is the growing middle class and the rising average age. This is expected to rise to around 600 million people by 2025.
Various funding programmes are providing massive support for technical developments in Asian countries, for example in Singapore and China.
Rest of the world:
Asia, Latin America and the Middle East show the greatest growth potential for medical products
The MedTech market is growing enormously, especially in the Middle East
Double-digit growth rates are predicted in emerging markets such as Mexico, Malaysia and Brazil
Brazil is one of the fastest growing markets in the world. In recent years, imports have grown by around 26% annually. This can be explained by the free trade agreement Mercosur, which was concluded in 2019 and will continue to facilitate the export of MedTech products to South America.
Source: Marktstudie Medizintechnik 2020, Luther.Clairfield International
Are you looking for strategic sales partners in the medical technology sector? Please contact us!
(Dec 22) 36 Notified Bodies are now accredited. Currently there are 10 in Italy, 3 in the Netherlands and 8 in Germany; in addition, two each in Finland and Poland and one each in Belgium, Slovakia, Hungary, Norway, France, Sweden, Slovenia, Spain, Ireland, Croatia and Czech Republic . Nando database
(Dec 22) According to. MHRA (Medicines & Healthcare products Regulatory Agency), the United Kingdom will continue to recognise the CE mark for medical devices until 30 June 2024. Previously, 30.6.2023 was planned.
(Dec 22) According to the Roland Berger MedTech@Hospital study, about two-thirds of German hospitals expect to close the 2022 financial year in the red. More than half also plan to invest less in medical technology.
(Nov 22) According to the Roland Berger study "Global MedTech-How to succeed in uncertain times", the medical technology industry is struggling with high energy costs, rising inflation and supply chain problems. Solutions are offered by digitalisation, more benefit-based billing models and the shift towards personalised medicine.
(Nov 22) Facts&Figures 2022 from MedTech Europe, the European trade association for the medical technology industry
(Nov 22) New MDCG document on requirements for Notified Bodies - in the context of the MDR as well as IVDR
(Nov 22) Swissmedic refers to aleaflet on the obligations for authorised representatives, importers and distributors
(June 22) studies published by the German Society for Biomedical Engineering in the VDE (VDE DGBMT)
Medical device manufacturers can apply to the Joint Federal Committee (G-BA) for the NUB and receive advice on the procedure. Rules of Procedure of the G-BA.
(April 22) Distinction between medical devices and medicinal products: Guidance document MDCG 2022 of the Medical Devices Coordination Group
Internet platform for medical needs in Ukraine by the German initiative Medical Bridge.eu
European industry association for digital assistive technology DATEurope founded in early 2021. DAT includes aids for communication, for the blind and visually impaired, for environmental control, assistive call systems, software tools and robotics.
