Summary

In 2020, the global medical device market continued to grow, building on a previous estimate of $446.9 billion. The market was expected to grow at an average annual rate of 5.4%, projecting to reach $612.7 billion by 2025. This growth trajectory is fueled by an aging population, the rise of chronic diseases and increased demand for medical procedures and surgeries. The medical equipment rental market also represents a significant part of the overall sector, with estimates placing global revenue around $50-64 billion by 2025, and growing at a rate of around 4.4%-5% per annum.

In France, the medical equipment market was worth around 30.1 billion euros, with the French medical equipment rental market accounting for around 10% of this figure. The medical devices sector was faced with regulatory changes in the European Union, with the implementation of new rethe medical devices sector has been confronted with regulatory changes in the European Union, with the implementation of new regulations designed to overhaul certification and control processes by 2022 for medical devices, and by 2024 for in vitro diagnostic medical devices.

Overall, the market showed a trend towards increased R&D investment, internationalization and technological innovation to meet evolving healthcare demands.

Medical device market trends and dynamics in France

The French medical device market has seen substantial growth, with a marked trend towards increasing diversification of medical devices for different sectors of the healthcare industry. From hospitals and clinics to homecare and private practice, there is a wide range of medical equipment in demand, from mobility aids to sophisticated diagnostic and therapeutic machines. In today's medical landscape, the French market has reached sales of between 25 and 30 billion euros, testifying to its solid position within the global industry. It is the world's fourth-largest medical device market, and the second-largest in Europe.

This market is supplied by an estimated 1,300 companies operating in the sector, the vast majority of which are specialized SMEs, making the market relatively fragmented. The aging population and longer life expectancy are the main drivers of demand. With around 25-28% of the French population aged over 60, healthcare spending is set to rise considerably to meet the needs of this population. In addition, the prevalence of chronic diseases and increased dependence on medical assistance are helping to drive growth in the sector. As far as medical equipment leasing is concerned, there is a growing preference among healthcare providers to cope with cost optimization and technological obsolescence.

Hospitals are particularly interested in rental models, with around 1,400 public facilities, around 700 private not-for-profit institutions, and over 1,000 private for-profit entities representing a potential market. Home healthcare services, with sales of around 3 to 4 billion euros, also rely on equipment rental to provide comprehensive care, demonstrating the importance of the rental market in the French healthcare system.

Private practices are not to be outdone in this expansion, with tens of thousands of practices for nurses, physiotherapists, general practitioners and specialists. The trend towards group practices, with around 60% of private GPs preferring this model, indicates an increase in shared resources and investment in medical equipment.

To sum up, the French medical device market is characterized by growing demand linked to demographic change, a propensity towards a fragmented but substantial market structure made up of manufacturers and service providers. With healthcare spending on the rise, the market is proving to be a sustainable one, with demand likely to continue rising for the foreseeable future.

As the medical equipment rental market continues to develop in France and around the world, several key players have carved out a niche for themselves and are making a significant contribution to meeting the evolving needs of healthcare providers and patients alike. The landscape includes a diverse spectrum of companies, from specialist rental companies to major suppliers with extensive product catalogs aimed at both professionals and individual consumers.

Distributors offering complete medical equipment solutions

  • La Vitrine Médicale and Distri Club Médicalhave established themselves as major distributors of medical equipment for a variety of customers, including professional healthcare establishments and individual consumers. Their extensive product ranges cater for a variety of medical needs, ensuring that the necessary equipment is accessible, whether in a long-term care facility or in the home. Another market player,
  • Parapharm, prides itself not only on distributing medical devices, but also on providing valuable information and advice to its customers, while Bastide focuses on supplying quality medical products and home care services.
  • Vitalea Medical and Materielmedical. fr are known for their extensive online selections, which make the process of selecting and renting medical equipment convenient and user-friendly. These players emphasize the importance of guaranteeing product quality and complying with European safety standards.

Niche service providers and rental specialists

  • BVS Médical, Go2health, and Medimad, demonstrating their commitment to supporting the growing homecare market. Similarly, AAFC Santé and Harmonie Medical Service provide essential services and equipment that enable patients to receive care in the comfort of their own homes.
  • Grenke, Factum Group, Corhofi, and Rigby Capital are the market leaders. These companies specialize in offering tailored leasing solutions, making state-of-the-art medical equipment accessible to healthcare providers without the initial investment of purchase. These companies bring financial expertise that complements medical skills within the healthcare ecosystem.

Leverage for the elderly and homebound

A review of the market reveals that the aging population and the growing trend towards homecare are shaping business strategies. Companies have recognized the importance of providing medical equipment that facilitates mobility, rehabilitation and home care for the elderly and chronically ill. For example, services such as infusion systems, respiratory aids and other home medical devices have become more widespread to meet increasing demand.

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  • Last update : 05/07/2023
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Summary and extracts

1 Market overview

1.1 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, according to HAS Health. Generally speaking, medical devices can be segmented in the following way, according to their use [Financière d'Uzès ]:

- Medical devices for individual use (hospital equipment, anesthesia or respiratory equipment);
- Equipment (non-active implants, dental equipment);
- In vitro diagnostics (pregnancy tests, glucometers);
- E-Health (real-time monitoring of physiological parameters at home).

Medical equipment rental is offered to healthcare professionals:hospitals, clinics, nursing homes, independent practices, social action centers, etc.The main types of equipment rented to healthcare facilities are "durable" equipment (hospital beds, patient elevators, wheelchairs, respiratory assistance equipment, etc.), electronic diagnostic equipment, equipment for home consultations, and surgical equipment.

List of charts

  • World market for medical equipment
  • Trends in the medical device manufacturing market
  • Consumption of medical goods and care
  • Percentage of French people aged 60 and over
  • Breakdown of healthcare expenditure in 2021
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Latest news

Europe Service: Modernization and greening of road machinery - 24/05/2023
  • Sales: 72 million euros
  • Workforce: 240 employees
  • Market leader: road maintenance vehicles and accessories
  • 2022: new 14,000 m2 production site (Autec), Investment 19 million euros
  • Electric sweepers produced last year: around fifteen
  • Biogas sweepers produced last year: sixty
  • Total number of machines produced in one year: 1,200
  • Growth in 2022: 15%
  • Creation of 90 jobs in 2022
|Automatic safety system on European freeways - 31/08/2023
  • Europe Service has 380 employees and is aiming for sales of 150 million euros in 2022
  • Signage tools, such as cones and signs, can weigh between 4 and 5 kilos each.
  • Europe Service has developed a robot that automates the installation and removal of these signage elements.
  • The technology developed is designed to improve worker safety, efficiency and health.
  • The e-Cone is mounted on a 19 or 26-tonne truck.
  • The robot is due to go on sale in France and Europe in 2023.
  • Europe Service is prepared to sell only the robotic arm if customers already have the necessary vehicles.
Back home with the help of Altivie - 31/01/2023
  • Medical beds and home care for people losing their independence.
  • Rental of medical beds, organization of home care after hospitalization and support for people recovering from illness.
  • Target clientele: Convalescing patients, the elderly and the disabled.
  • Professionals involved: Nurses' aides, home care nurses and other healthcare professionals.
  • Professional tasks: Long-, medium- and short-term assistance, and management of daily tasks (housework, ironing, shopping, meal preparation, garden maintenance, help with hygiene, changing, eating and dressing).

Companies quoted in this study

This study contains a complete overview of the companies in the market, with the latest figures and news for each company. :

La vitrine médicale
Distri club Medical
Parapharm
Europe Medical Service
Harmonie medical service
BVS Medical
GO 2 Santé
Vitaléa Médical
Medimad
Matérielmédical.fr
AAC Medical
Factum Group

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