Europe Medical Devices Market is projected to reach USD 305.01 billion by 2033, growing at a CAGR of 5.0% from 2025-2033.

The Europe Wearable Medical Device Market Report is Segmented by Device Type (Diagnostic & Monitoring Devices [Vital-Sign Monitoring Devices and More], Therapeutic Devices[Pain-Management Devices and More]), Age Group (Under 18 and More), Distribution Channel (Online, Offline), Application (Sports & Fitness and More), End-User (Consumers and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Europe medical devices market is expected to witness steady growth during the forecast period, with a compound annual growth rate (CAGR) of around 5% from 2025 to 2031. Also, the market is projected to reach a substantial size of USD 25 billion in the coming years. This growth is fueled by various factors, including advancements in technology, increasing healthcare expenditure, and the rising prevalence of chronic diseases.

In 2021, the medical devices market in Europe had a value of almost *** billion U.S. dollars. By 2027, the market was forecast to reach over *** billion U.S. dollars, with a CAGR in this period of *** percent.

The Report Covers European Single-use Medical Devices Market Trends and is segmented by device type (class I devices and class II devices) and geography (Germany, UK, France, Italy, Spain, and the Rest of Europe). The report offers the value (in USD million) for the above segments.

Europe Wearable Medical Devices Market has valued at USD 5.87 Billion in 2022 and is anticipated to project impressive growth in the forecast period with a CAGR of 8.50%.

Europe Medical Devices market was valued at USD 136,457 Million in 2023 and is projected to grow to USD 197,538 Million by 2030, with a compound annual growth rate (CAGR) of 5.6% from 2025 to 2030.

In 2024, Germany held the largest share of the medical device market in Europe. Standing at 25.2 percent, the German medical device industry had a higher share than the next two competitors, France and the United Kingdom, added together.

Snapshot img

Medical Devices Market Size 2025-2029

The medical devices market size is valued to increase by USD 223 billion, at a CAGR of 6.5% from 2024 to 2029. Increasing prevalence of diseases will drive the medical devices market.

Major Market Trends & Insights

North America dominated the market and accounted for a 37% growth during the forecast period.
By End-user - Hospitals and ASCs segment was valued at USD 380.90 billion in 2023
By Product Type - Diagnostic devices segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 64.11 billion
Market Future Opportunities: USD 223.00 billion
CAGR : 6.5%
North America: Largest market in 2023

Market Summary

The market encompasses a dynamic and evolving landscape, driven by the increasing prevalence of diseases and the emergence of innovative medical technologies. Core technologies, such as robotics, artificial intelligence, and nanotechnology, are revolutionizing healthcare delivery, while applications span from diagnostics and monitoring to therapy and surgery. Service types and product categories, including medical implants, diagnostic equipment, and therapeutic devices, continue to expand, driven by advancements in materials science and biotechnology. Regulatory bodies play a crucial role in shaping market dynamics, with stringent regulations ensuring safety and efficacy.
For instance, the US Food and Drug Administration (FDA) approved over 4,000 medical devices in 2020 alone. Despite these opportunities, challenges persist, including declining reimbursement and cost containment measures, which impact market growth. Overall, the market demonstrates a robust and continually evolving ecosystem, offering significant potential for innovation and growth.

What will be the Size of the Medical Devices Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free Sample

How is the Medical Devices Market Segmented and what are the key trends of market segmentation?

The medical devices industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Hospitals and ASCs
  Clinics
  Others


Product Type

  Diagnostic devices
  Therapeutic devices
  Monitoring devices
  Assistive and rehabilitation devices
  Others


Application

  Cardiovascular
  Orthopedic
  Diagnostic imaging
  Dental
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By End-user Insights

The hospitals and ascs segment is estimated to witness significant growth during the forecast period.

The market encompasses a diverse range of technologies and applications, with hospitals and Ambulatory Surgical Centers (ASCs) representing a significant and growing sector. Hospitals and ASCs are essential consumers of medical devices, requiring equipment for diagnosis, treatment, and patient monitoring. The market's expansion is fueled by increasing healthcare expenditures from both public and private entities. Approximately 45% of global medical device sales stem from hospitals and ASCs, with this figure projected to reach 48% by 2026. Simultaneously, the market's overall value is anticipated to surge by 12% in the next five years, reaching a total worth of USD675 billion.

Sensor technology, including wearable sensors, plays a pivotal role in this market, enabling remote patient monitoring and minimally invasive procedures. Quality control systems, diagnostic imaging, and medical implants, such as prosthetic limbs, are other key areas of growth. Advanced technologies like artificial intelligence, data analytics, and data encryption are revolutionizing medical devices, enhancing their capabilities and improving patient outcomes. Minimally invasive surgery, risk management, supply chain management, design controls, and patient monitoring are some of the market trends shaping the industry. Signal processing, clinical trials, device sterilization, electrical stimulation, surgical instruments, tissue engineering, regulatory compliance, material science, biocompatible materials, wireless communication, software validation, therapeutic devices, human factors engineering, machine learning, manufacturing processes, drug delivery systems, image processing, and additive manufacturing are all integral components of the market.

In summary, the market is a dynamic and evolving sector, driven by advancements in technology and increasing demand from hospitals and ASCs. With a projected growth of 12% and a total value of USD675 billion by 2026, this market offers significant opportunities for innovation and expansion.

The Europe Medical Aesthetic Devices Market is Segmented by Type of Devices (Energy-Based Aesthetic Devices and Non-Energy Based Aesthetic Devices), Application (Skin Resurfacing and Tightening, Body Contouring and Cellulite Reduction, Hair Removal, Breast Augmentation, and Other Applications), End-User (Hospitals, Clinics, and Other End-Users), and Geography (United Kingdom, Germany, France, Italy, Spain, and Rest of Europe).

Europe Medical Devices Market is expected to grow during 2025-2031

The European reprocessed medical devices market, valued at approximately €1.5 billion in 2025, is poised for robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 6.10% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, the increasing pressure on healthcare systems to reduce costs while maintaining high-quality care is driving the adoption of cost-effective reprocessed devices. Reprocessing offers a sustainable and economically viable alternative to purchasing new devices, particularly for high-volume consumables like laparoscopic graspers and catheters. Secondly, growing environmental concerns are pushing hospitals and healthcare providers to embrace more sustainable practices, aligning with the principles of circular economy. Reprocessing significantly minimizes waste and reduces the environmental footprint associated with medical device manufacturing. Furthermore, technological advancements in reprocessing techniques are enhancing the safety and reliability of reprocessed devices, bolstering confidence among healthcare professionals. However, the market faces certain challenges. Strict regulatory frameworks and stringent quality control requirements pose barriers to entry for some companies. Furthermore, potential concerns regarding the sterility and longevity of reprocessed devices compared to their new counterparts need to be effectively addressed through transparent quality assurance processes and robust communication strategies. The market segmentation reveals a considerable share occupied by Class II devices like pulse oximeter sensors and catheters, indicating a significant demand for reprocessed devices across diverse medical specialties. Key players like Medline Industries, Stryker, and STERIS are strategically positioning themselves to capitalize on this growth, investing in advanced technologies and expanding their product portfolios to meet the increasing demand across various European nations, including Germany, the UK, and France, which are expected to be the major contributors to market growth. Recent developments include: June 2022: The Medicines and Healthcare products Regulatory Agency of the United Kingdom advised against the reprocessing of single-use medical devices in its guidance., May 2022: The President of Poland signed the Act on Medical Devices. Under the new law, reprocessing of single-use medical devices has been allowed in Poland.. Key drivers for this market are: Cost Savings Through Reprocessing Single-use Devices, Regulatory Pressure to Reduce Volume of Medical Waste. Potential restraints include: Cost Savings Through Reprocessing Single-use Devices, Regulatory Pressure to Reduce Volume of Medical Waste. Notable trends are: Scalpels Segment is Poised to Register Significant Growth During the Forecast Period.

In 2023, the medical device market in Europe grew by *** percent. The medical device market has increases in every year in the time interval, with some notable years of double-digit growth, such as 2022 when the market grew by **** percent.

The Europe Medical Devices market market is moving towards personalized medicine, with devices that are tailored to individual patients' needs.

The Europe Medical Devices Packaging Market Report is Segmented by Material (Plastics, Paper and Paperboard, Metal, and Bio-Based Polymers), Packaging Type (Pouches and Bags, Trays and Clamshells, and More), Application (Sterile Packaging, Non-Sterile Packaging), End-User (Hospitals and Clinics, Home-Health Settings, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

The Medical Devices Market Report is Segmented by Technology Platform (Conventional Electro-Mechanical & Disposable Devices, Wearable & Remote Monitoring, and More), Therapeutic Application (Cardiology, Orthopedics, Neurology, and More), End User (Hospitals, Clinics, Ambulatory Surgical Centers, and More), and Geography (North America, Europe, and More). The Market Forecasts are Provided in Terms of Value (USD).

In Europe Medical Equipment Market is projected to grow from USD 142.3 billion in 2025 to USD 231.5 billion by 2031, at a CAGR of 8.4%

USD 726.87 Million in 2024; projected USD 2815.49 Million by 2033; CAGR 16.22%.

Europe Software as a Medical Device (SaMD) Market size was USD 1354.56 million in 2024 and will expand at a compound annual growth rate (CAGR) of 10.0 % from 2024 to 2031.

Europe Medical Equipment market size was estimated at USD 19074.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.5% from 2024 to 2031.