The medical equipment market - France

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. However, the sector is grappling with rising raw material costs and stringent European and French regulations, such as EU Regulation 2017 / 745 applied since May 2021, leading companies to incur new expenses to comply with standards. Coupled with bureaucratic barriers, these factors represent significant challenges for market players.

Despite these obstacles, the medical equipment rental sub-segment remains promising, with global market estimates reaching $87.4 billion by 2030. France's heavy dependence on imports remains a persistent feature of its market structure.

The dynamic evolution of the French medical equipment market in the face of regulatory constraints and demographic challenges

The French medical equipment market is a dynamic and complex environment, influenced by global trends, demographic changes and regulatory constraints. It's a sector that encompasses a wide range of products, from hospital equipment and diagnostic devices to cutting-edge e-health solutions. France currently 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.

In terms of product diversity, the market covers personal-use devices, non-active implants, in vitro diagnostics and e-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 increasing prevalence of chronic diseases. Forecasts indicate that this trajectory will continue, with the proportion of people aged over 60 expected to reach between 28% and 31% within one or two decades. This demographic shift underpins the expansion of healthcare spending, which has soared to between €4,500 and €4,700 per capita in 2021, compared with around €3,000 a few years earlier.

The French medical device 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 are facing increasing pressure from stringent European regulations. These regulations are reshaping the market, requiring vigilant compliance and potentially driving up operational costs for established products. The market has not been spared the effects of the COVID-19 pandemic. It experienced disruptions that resulted in uneven product demand, with some segments such as respiratory equipment experiencing unprecedented demand, while others saw a decline due to the pause in hospital activity. In addition, the pandemic led to a sharp rise in the cost of raw materials, in some cases pushing up prices by more than 100%.

Trade dynamics reveal that 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, indicating a coverage rate close to 60%. The gap between imports and exports has tended to widen in recent years. The market's dependence on external sources is underlined by a diversified import portfolio, a significant proportion of which comes from neighboring European countries and the USA.

To sum up, the French medical devices market is enjoying solid growth, thanks to a strong combination of supply and demand.dical devices market is a complex and thriving industry, with a large number of players ranging from multinationals with extensive product portfolios to specialized and innovative SMEs focusing on particular market segments or niches.

Market leaders in complete sales and service solutions

• The medical showcase has a strong presence, offering a diverse range of products and services for both consumers and healthcare professionals. It offers a local touch through its physical stores, as well as digital convenience through its online purchasing options.
• Distri Club Medical is another key figure, known for supplying a wide range of medical devices and equipment through multiple channels to ensure availability and accessibility to customers.
• Bastide commands respect in the industry for its holistic approach to healthcare provision. It is a household name offering medical device sales and rental services, with a focus on patient care and assistance.
• Harmonie Medical Service covers an impressive range of medical needs. They make quality medical devices accessible nationwide, distinguishing themselves by their ethical customer service and dedication to improving the user's well-being.

Innovators and global giants

• BioMérieux has carved out an enviable place for itself in the field of in vitro diagnostics. Recognized for its pioneering work and cutting-edge diagnostic technology, the company plays a pivotal role in advancing public health initiatives worldwide.

National SMEs make the difference

• Beaulieu Médical may not have the same scale as other players, but it commands respect for its focused approach and striking presence on the French market.
• BVS Médical shows that size isn't everything, with its specialization in a particular segment of the medical device market. It demonstrates a keen understanding of customer needs and exemplary responsiveness to market demands.
• Chemineau's ability to adapt and respond to specific industry requirements makes it a reliable partner in the medical device supply chain.

Global pioneers

• Johnson & Johnson is a titan of industry, synonymous with innovation and a wide range of healthcare products for a global customer base.
• Medtronic is a leader in medical technology, helping to relieve pain.

Inforamtion

• Number of pages : 30 pages
• Format : Digital and PDF versions
• Last update : 06/12/2021

Summary and extracts

List of charts

• World market for medical equipment
• Main medical equipment companies
• Medical equipment market share
• Medical equipment market share
• Medical equipment market trends
• Breakdown of companies present on the French market
• Consumption of medical goods and care
• Percentage of French people aged 60 and over
• Number of companies in the medical equipment market
• Breakdown of new start-ups on the market
• Amounts raised each year
• Price index for drugs and pharmaceutical products, therapeutic devices and equipment
• International trade in medical instruments and devices
• Main countries supplying French imports of medical equipment
• Main customer countries for French medical equipment exports
• Rising raw materials costs
• Worldwide R&D spending on medical technologies