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Summary of our market study
The French medical device market is estimated at between 25 and 35 billion euros
The global medical devices market, valued at $488.98 billion in 2021, is expected to grow at a CAGR of 5.5% to reach $720.7 billion by 2029.
Dominated by the United States with a 43.5% market share, the market has seen an increase in demand for a variety of equipment due to an aging population and a rise in chronic diseases.
The French medical equipment market saw robust growth of 9.6% between 2017 and 2021, propelled by exports, which rose by 4.3% in 2021.
The medical equipment rental segment remains promising, with global market estimates reaching $87.4 billion in 2030.
France's heavy dependence on imports remains a persistent feature of its market structure.
Dynamics of the French medical equipment market
The sector encompasses a wide range of products, from hospital equipment and diagnostic devices to cutting-edge e-health solutions.
France occupies an important place in the global landscape, with a market estimated at between 25 and 35 billion euros, representing around 5 to 6.5% of the world market.
The market covers devices for individual use, non-active implants, in vitro diagnostics and online health monitoring systems. Demand in this sector is robust and continues to grow, mainly due to the aging of the population, which will account for over a quarter of the French population by 2021, and the increase in chronic diseases.
The proportion of people aged over 60 is expected to reach between 28% and 31% within one or two decades. Healthcare expenditure will reach between €4,500 and €4,700 per capita in 2021.
The French medical devices market is characterized by its fragmentation, with over 1,400 companies operating in this field. A majority of these are small and medium-sized enterprises (SMEs), which face increasing pressure from stringent European regulations.
France is a net importer of medical devices, with import values of between 5 and 7 billion euros and export values of between 3.5 and 4 billion euros. The gap between imports and exports has tended to widen in recent years.
Complete sales, rental and service solutions
- La Vitrine Médicale
- Distri Club Medical
- Bastide
- Harmonie Medical Service
National SMEs
- Beaulieu Médical
- BVS Médical
- Chemineau
Mutinationals
- BioMérieux
- Johnson & Johnson
- Medtroni
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Summary and extracts
1 Market overview
1.1 Market overview and definition
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.
List of charts presented in this market study
- World market for medical equipment
- Main medical equipment companies
- Medical equipment market share
- Medical equipment market share
- Medical equipment market trends
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Latest news
Santé : Imactis dans le giron de GE Healthcare - 29/05/2023
Johnson & Johnson values its products at over $40 billion - 25/04/2023
- Kenvue: new company resulting from the spin-off of Johnson & Johnson's (J & J) hygiene, beauty and consumer health division
- J & J to own approximately 92% of Kenvue after IPO
- Kenvue sales (fiscal year ending January 1): nearly $15 billion
- Kenvue: over 22,000 employees, 25 manufacturing sites, operations in over 165 countries.
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