The report covers Europe Wearable Medical Device Market Trends & Companies and the market is segmented by Device Type (Monitoring Devices and Therapeutic Devices), Application (Sports and Fitness, Remote Patient Monitoring, and Home Healthcare), Product Type (Watch, Wristband, Ear Wear, and Other Product Types), and Geography. The market provides the value (in USD million) for the above-mentioned segments.

In 2021, the medical devices market in Europe had a value of almost 146 billion U.S. dollars. By 2027, the market was forecast to reach over 204 billion U.S. dollars with a CAGR in this period of 5.8 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.

The Europe Medical Devices Marketsize was valued at USD 512.29 USD Billion in 2023 and is projected to reach USD 697.16 USD Billion by 2032, exhibiting a CAGR of 4.5 % during the forecast period.Medical devices comprise of equipment, apparatuses, various machines and implants as well as software used in the medical field for the purposes of identification of a disease or injury, prevention from disease or injury, monitoring or treatment or alleviation of disease or injury. There is a variety of these devices which is ranging from the simple gadgets like a thermometer and blood pressure monitor to the sophisticated diagnostic and treatment systems such as MRI machines and robotic surgical tools. One of the essential points of medical devices is the accuracy, precision, safety, and effectiveness of their operations. Offering a full spectrum of medical services to meet various health requirements, work towards better patient outcomes, and improve the healthcare efficiency are of the main objectives these facilities. The role of medical devices also sees personalized medicine by the pharmaceutical sector as its manufacturers continue to produce devices that can be adjusted to fit individual patient profiles. The influence of medical devices is diverse with applications in RFID tracking and remote patient monitoring, telemedicine, accessibility and economy. With them as tools, health providers can collect real-time information, make integral intercessions, and prevent potential issues from progressing. In conclusion, as well, medical devices open up the way to research, innovation, and medical technology progression, which is serving for an effective, continuous development of patient care and medical practice. Key drivers for this market are: Increasing Adoption of Synthetic BVF to Boost Market Growth. Potential restraints include: Slow Translation of Research into Clinical Practice May Delay Product Adoption and Limit Market Growth. Notable trends are: Increasing Number of Hospitals and ASCs Identified as Significant Market Trend.

In 2023, Germany held the largest share of the medical device market in Europe. Standing at over 26 percent, the German medical device industry had a higher share than the closer two competitors, France and Italy, added together.

The Report Includes Medical Device Packaging Market in Europe and is Segmented by Material (Plastic, Paper & Paper Board, Other Raw Materials) Product (Pouches and Bags, Trays, Boxes, Clam Shells, Other Products), Application (Sterile Packaging, Non-Sterile Packaging) and Country (UK, Germany, France, Italy, Rest of Europe). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments

In 2023, the medical device market in Europe grew by 2.4 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 11.4 percent.

Snapshot img

Medical Devices Market Size 2025-2029

The medical devices market size is forecast to increase by USD 223 billion at a CAGR of 6.5% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing prevalence of chronic diseases and an aging population. This demographic shift, coupled with advancements in medical technology, is fueling innovation and demand for medical devices. However, market expansion is not without challenges. Declining reimbursement and cost containment measures are putting pressure on device manufacturers to reduce costs while maintaining quality. These factors necessitate strategic planning and operational efficiency for companies seeking to capitalize on market opportunities and navigate challenges effectively. The market's dynamic landscape requires a keen knowledge of regulatory requirements, technological advancements, and market trends to remain competitive. Companies that can effectively address these challenges and leverage opportunities presented by the evolving healthcare landscape will be well-positioned for success.

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

Request Free Sample

The market encompasses a diverse range of technologies and products designed to diagnose, monitor, and treat various health conditions. Driven by the global burden of chronic diseases, including cardiovascular diseases, cancer, and diabetes, the market experiences significant growth. Changing lifestyles, an aging population, and increasing prevalence of sedentary lifestyles further fuel demand for health monitoring solutions, such as wearable electronics and fitness trackers. In the realm of medical diagnostics, wireless medical technologies and smart technologies are revolutionizing cancer screening and insulin level monitoring, among others.
Therapeutic devices, including implantable defibrillators and insulin pumps, are transforming patient care and improving outcomes. Surgical procedures, ophthalmic procedures, and orthopedic procedures continue to benefit from medical advancements, while the economic burden of hospital inpatient care and home healthcare necessitates the development of cost-effective solutions. The market's direction remains focused on enhancing patient care, improving health outcomes, and reducing the overall economic burden of healthcare.

How is this Medical Devices Industry segmented?

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


  Asia
  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 vast array of products utilized in hospitals and Ambulatory Surgical Centers (ASCs). Hospitals and ASCs are primary consumers of medical devices, necessitating equipment for diagnosis, treatment, and patient monitoring. Devices such as imaging equipment, surgical instruments, patient monitoring systems, and diagnostic tools are essential. The escalating healthcare expenditure from both public and private sectors fuels the demand for advanced medical devices, which improve patient care and treatment outcomes.

Further, the expanding global population and aging demographics result in increased patient volumes in hospitals and ASCs, necessitating more medical devices to cater to the rising patient care demands. Chronic diseases, changing lifestyles, and the economic burden of healthcare further drive the need for medical devices, particularly in areas like cancer, cardiovascular diseases, and diabetes. Technological advancements, including wearable electronics, wireless medical devices, smart technologies, and telemedicine tools, are revolutionizing healthcare and enhancing patient-centric care.

Get a glance at the market report of share of various segments Request Free Sample

The hospitals and ASCs segment was valued at USD 380.90 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market size of various regions, Request Free Sample

The market is th

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).

Global Medical Device Market Research Report Covers Industry Trends, Analysis and is Segmented by Type of Device (Respiratory Devices, Cardiology Devices, Orthopedic Devices, Diagnostic Imaging Devices (Radiology Devices), Endoscopy Devices, Ophthalmology Devices, and Other Devices) and Geography (North America, Europe, Asia-Pacific, Middle East & Africa, and South America).

In 2023, Germany accounted for just under a fifth of the overall European wearable healthcare devices market, while the United Kingdom had a market share of around 15 percent. France and Italy had market shares of around 14 and 11 percent, respectively.

Europe elderly care medical devices market is anticipated to observe impressive growth during the forecast period, 2024-2028

Pages	80
Market Size
Forecast Market Size
CAGR
Fastest Growing Segment
Largest Market
Key Players

Snapshot img

Medical Technologies Market Size 2024-2028

The medical technologies market size is forecast to increase by USD 325.9 billion at a CAGR of 8.09% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing prevalence of diseases and an aging population. The market is also fueled by the growing adoption of connected devices and technologies, enabling remote monitoring and telemedicine services. However, the market faces challenges such as declining reimbursement rates and cost containment measures, which may impact profitability for market participants. Companies seeking to capitalize on market opportunities must focus on developing innovative solutions that address these challenges while improving patient outcomes and reducing healthcare costs. Strategic partnerships, collaborations, and mergers and acquisitions can also help companies expand their reach and enhance their offerings in this dynamic and competitive market. Overall, the market presents significant growth potential for investors and businesses, with opportunities in areas such as remote patient monitoring, telemedicine, medical imaging, and diagnostic equipment.

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

Request Free SampleThe market encompasses a diverse range of products and services, including non-imaging diagnostics, research-related equipment, and medical devices. With advancements in technology, sectors such as GLP-1 therapies, artificial intelligence (AI), and machine learning (ML) are gaining significant traction. The aging global population is driving demand for healthcare solutions, leading to increased revenue for public companies in this sector. Medical devices, including wearable devices and implantables, are experiencing growth due to their ability to facilitate patient-centric care and improve healthcare outcomes. Healthcare providers are increasingly adopting mobile apps and telemedicine services to enhance efficiency and accessibility. Trading multiples for medical technology companies remain attractive, offering cash returns for investors. Inpatient admissions, surgical procedures, diagnostic procedures, elective ries, emergency room visits, and dental procedures continue to fuel market expansion. Orthopedic ries, in particular, are expected to witness substantial growth due to the rising prevalence of musculoskeletal disorders. The integration of AI and ML in medical technologies is revolutionizing diagnostics and treatment plans, enabling more accurate and personalized care. Overall, the market is poised for continued growth, driven by technological advancements, demographic trends, and evolving healthcare needs.

How is this Medical Technologies Industry segmented?

The medical technologies industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ApplicationMedical devicesIn-vitro diagnosticsEnd-userHospitalsClinicsOthersGeographyNorth AmericaUSEuropeFranceGermanyAsiaRest of World (ROW)

By Application Insights

The medical devices segment is estimated to witness significant growth during the forecast period.Medical devices encompass instruments, apparatus, appliances, materials, and articles used for disease diagnosis, prevention, monitoring, treatment, and alleviation. Major categories include therapeutic and surgical devices, patient monitoring, diagnostic and medical imaging devices, and others. Factors fueling growth include disease prevalence, aging population, health initiatives, and increasing healthcare expenditures. For example, by 2023, over 22% of the European Union population will be aged 65 or above (The World Bank Group). The medical devices market is further by advancements in technology, such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT). Key segments include in-vitro diagnostics (IVD), wearable medical devices, and surgical robotics. Payment models, reimbursement policies, and regulatory standards also impact market dynamics. Chronic diseases, healthcare providers, and care delivery systems are significant end-users. Emerging economies offer growth opportunities, while macroeconomic factors and healthcare agencies influence market trends.

Get a glance at the market report of share of various segments Request Free Sample

The Medical devices segment was valued at USD 407.00 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 35% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on th

The Report Covers Global Connected Medical Devices Manufacturers and the Market is Segmented by Application (Consumer (Patient) Monitoring, Wearable Devices, Internally Embedded Devices, and Stationary Devices) and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Market Sizes and Forecasts are in Terms of Value (USD Million) for all the Above Segments.

Snapshot img

Cardiovascular Medical Devices Market Size 2024-2028

The cardiovascular medical devices market size is forecast to increase by USD 19.08 billion at a CAGR of 7.2% between 2023 and 2028.

The market is witnessing significant growth due to the increasing prevalence of cardiac conditions such as atrial fibrillation and clogged arteries. This trend is driven by the rising number of individuals with these conditions and the growth of insurance providers covering diagnostic monitoring devices. companies in this market are focusing on innovative technologies like Al and machine learning based electrocardiogram (ECG) technology to improve the accuracy and efficiency of cardiovascular diagnosis. Surgical devices, including ECG, Holter monitors, event monitors, and implantable loop recorders, are essential tools for the early detection and treatment of cardiovascular diseases. However, the high cost of cardiovascular procedures remains a challenge for market growth. To stay competitive, companies must offer cost-effective solutions while maintaining the highest standards of quality and patient safety. This market analysis report provides a comprehensive overview of the market growth factors, business strategies, and challenges shaping the future of the cardiovascular medical devices industry.

What will be the Size of the Market During the Forecast Period?

Request Free Sample

The market holds significant importance in the healthcare industry as these devices play a crucial role in diagnosing, monitoring, and treating various heart disorders. Heart diseases, including heart failure, cardiomyopathy, and stroke, are fatal conditions that pose a major health concern worldwide. According to the World Health Organization (WHO), cardiovascular diseases accounted for approximately 17.9 million deaths in 2016. Minimally invasive procedures and advanced cardiovascular devices have revolutionized the treatment landscape, offering improved patient outcomes and reduced healthcare resources. Diagnostic monitoring devices, such as ECG and Holter monitors, enable early detection and timely intervention, thereby reducing the risk of complications and mortality.
In addition, cardiology devices, including coronary artery stents and surgical devices, have significantly contributed to the advancement of cardiovascular care. For instance, coronary artery stents help in the treatment of coronary artery diseases by improving blood flow and reducing the risk of heart attacks. Artificial intelligence (AI) is increasingly being integrated into cardiovascular devices to enhance their functionality and accuracy. AL-based ECG technology, for example, can analyze ECG data more efficiently and accurately than traditional methods, enabling early detection and diagnosis of heart conditions. The cardiovascular devices market is expected to witness steady growth due to the increasing prevalence of heart disorders and the need for advanced diagnostic and therapeutic solutions.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Diagnostic and monitoring systems
  Surgical devices


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  Asia

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Product Insights

The diagnostic and monitoring systems segment is estimated to witness significant growth during the forecast period.

The diagnostic and monitoring segment of the international market comprises various devices that play a vital role in evaluating heart health, identifying cardiovascular diseases (CVDs) in their initial stages, and tracking disease progression or treatment response. This segment includes devices like ECGs, which measure the electrical activity of the heart and are crucial for diagnosing arrhythmias, heart attacks, and other cardiac conditions. Furthermore, echocardiograms, which employ ultrasound technology to generate detailed images of the heart, aid in assessing structural heart diseases and evaluating heart function. Portable ECG devices, such as Holter monitors and event monitors, are also part of this segment. These devices enable continuous heart monitoring over extended durations, allowing doctors to detect irregularities that may not surface during routine ECG tests.

Get a glance at the market report of share of various segments Request Free Sample

The diagnostic and monitoring systems segment was valued at USD 21.14 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 38% to the growth of the global market during the fore

The Europe home healthcare market size was valued at USD 106.7 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 204.4 Billion by 2033, exhibiting a CAGR of 7.5% from 2025-2033. The market is driven by the aging population, increasing prevalence of chronic diseases, advancements in telehealth and medical devices, and the demand for cost-effective, patient-centered care. Government initiatives supporting home-based services and the integration of technology to improve accessibility and efficiency are also significant contributors, addressing diverse healthcare needs across Europe.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 106.7 Billion
Market Forecast in 2033	USD 204.4 Billion
Market Growth Rate 2025-2033	7.5%

IMARC Group provides an analysis of the key trends in each segment of the Europe home healthcare market, along with forecasts at the country and regional levels from 2025-2033. The market has been categorized based on product, service, and indication.

Europe Medical Clothing Market was valued at USD 22,291.62 Million in 2024 and is projected to reach USD 32268.39 Million by 2031, growing at a CAGR of 5.22% from 2024 to 2031.

Global Europe Medical Clothing Market Drivers

Product Range: The market includes various types of medical clothing, such as scrubs, lab coats, surgical gowns, face masks, gloves, shoe covers, head covers, and protective eyewear. These garments are designed to meet specific safety, hygiene, and comfort requirements in healthcare environments.

Regulatory Standards: Medical clothing in Europe is subject to rigorous regulatory standards to ensure product quality, safety, and efficacy. Manufacturers must comply with regulations set forth by the European Union (EU), including CE marking requirements for medical devices.

Infection Control: With a focus on infection prevention and control, medical clothing plays a critical role in minimizing the risk of healthcare-associated infections (HAIs) by providing barriers against pathogens and contaminants. This is particularly important in settings such as hospitals, clinics, and laboratories.

Healthcare Professionals’ Preferences: The preferences of healthcare professionals, including doctors, nurses, and other staff, influence the demand for specific types of medical clothing. Factors such as comfort, breathability, durability, and ease of movement are important considerations.

COVID-19 Pandemic Impact: The COVID-19 pandemic has significantly impacted the medical clothing market in Europe. Increased demand for personal protective equipment (PPE), including face masks, gloves, and gowns, has led to supply chain challenges and shortages at various points during the pandemic.

Sustainability: There is growing awareness and demand for sustainable and environmentally friendly medical clothing options in Europe. Manufacturers are increasingly exploring eco-friendly materials, recycling initiatives, and sustainable production practices to meet these demands.

Market Players: The European medical clothing market includes a mix of global manufacturers, regional suppliers, and specialized companies. Major players may offer a comprehensive range of medical clothing products and related accessories, along with customization and branding services.

Online Retail: The availability of medical clothing through online retail channels has expanded, providing healthcare professionals and facilities with convenient access to a wide range of products. E-commerce platforms offer a diverse selection, competitive pricing, and efficient delivery options.

Hospital Policies and Procurement Practices: Hospital policies, procurement practices, and budget constraints influence the purchasing decisions of medical clothing in Europe. Bulk purchasing, tendering processes, and contract agreements with suppliers are common practices among healthcare institutions.

Global portable medical devices market share in 2025 will be USD 72.5 Billion, and is expected to take place USD 191.1 Billion in 2035, at a CAGR of 10.4% between 2025 and 2035.

Market Size (2025E)	USD 72.5 Billion
Market Value (2035F)	USD 191.1 Billion
CAGR (2025 to 2035)	10.4%

Country-wise outlook

Country	CAGR (2025 to 2035)
USA	10.7%

Country	CAGR (2025 to 2035)
UK	10.3%

Country	CAGR (2025 to 2035)
European Union (EU)	10.4%

Country	CAGR (2025 to 2035)
Japan	10.6%

Country	CAGR (2025 to 2035)
South Korea	10.7%

Competitive Outlook

Company Name	Estimated Market Share (%)
Medtronic plc	12-17%
GE Healthcare	10-14%
Koninklijke Philips N.V.	9-13%
Omron Healthcare, Inc.	7-11%
Abbott Laboratories	5-9%
Other Companies (combined)	45-55%

Explore Wearable Medical Devices Market Regional Demand with our comprehensive analysis. Get insights on North America, Asia Pacific, Europe, and other key regions. Access country-level market data and understand market dynamics and growth potential across different regions.

In the first half of 2023, Europe, North America and Asia contributed more than 99 percent of China's medical equipment import value, with European countries exported almost 12 billion U.S. dollars worth of medical devices to China. Meanwhile, African countries exported less than ten million U.S. dollars worth of medical equipment to China.