We anticipate that the medical device market will see low-to- moderate growth over the 2015-2020 period, outperforming most eurozone markets on the back of an accelerating economy driven by rising household consumption. In keeping with most developed markets, the main growth drivers in the market are the increasing health needs of the ageing population and the search for new technologies to improve patient outcomes and increase health service efficiency.
Latest Updates And Key Forecasts
We maintain that the market will register a 2015-2020 CAGR of 5.2% in euro terms. We maintain our forecast in US dollar terms that the market will record a 2015-2020 CAGR of 3.2%, reflecting a further weakening of the euro, which will hit parity with the US dollar in 2019.