The medical equipment market - France

A medical device ("MD", also known as medical equipment) is defined as "an instrument, apparatus, equipment or software intended by its manufacturer for use in the diagnosis, prevention, control or treatment of disease or injury, or for other purposes". [ANSM] MDs are very diverse, which means that a wide range of products are included within the scope of this product category. In France, there are between 800,000 and 2,000,000 product references. Generally speaking, medical devices can be segmented as follows, according to their use : - Medical devices for individual use (hospital equipment, anesthesia or respiratory equipment, etc.);- Equipment (non-active implants, dental equipment, etc.).);- In vitro diagnostics (pregnancy tests, glucometers, etc.);- E-Health (real-time monitoring of physiological parameters at home). The global medical devices market is largely dominated by the United States (43.5% market share), although demand is increasingly turning towards Asian countries. The medical devices market is heavily impacted by European and French regulations, which may contribute to a slowdown in growth in the future due to the high cost of complying with standards for companies in the sector. Medical equipment was also in great demand during the pandemic, albeit unevenly. Since 2021, the market has been challenged by rising raw material prices, which in some cases have more than doubled. Nevertheless, the French market is enjoying solid growth(+9.6% between 2017 and 2021), driven by an aging population and longer life expectancy, and this trend is set to continue in the future. The market is highly fragmented, with a large number of players involved in the production and marketing of different products.