Medical Technology Market to see 4.50% CAGR Globally by 2018, says a Research Report available at Big Market Research

Big Market Research adds a report titled Medical Technology Market in Europe 2014-2018.The report states that the medical technology market in the European region is expected to register a CAGR of 4.50% during the forecast period i.e. 2013-2018.

Medical technologies provide a wide range of services in the healthcare sector for the treatment of various diseases and chronic disorders in an individual. Medical technologies are used to diagnose a medical condition in an individual. Medical technologies can be used by the patient himself at home such as insulin pens, wheel chairs, pregnancy test, etc., or by the medical officers in a healthcare facility under utmost care, depending upon the disease and critical condition. There are various types of medical technologies such as medical devices, software solutions, imaging, diagnostic equipment, active & non-active implantable, IVD, dental, aesthetic & respiratory, electromechanical medical, therapeutic radiation and biological derived devices.

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The increasing aging population in Europe is major factor driving the growth of the medical technology market in that region. The advancements and improvements in the technology and devices would further propel the market growth in the coming years. However, the medical technology market in Europe faces a major challenge in terms of pricing pressure, which could hinder the market growth.

The report on medical technology provides comprehensive knowledge of the medical technology market in Europe by providing in-depth analysis of the latest and emerging market trends and various other factors influencing the growth of the market. The study projects the market forecast and evaluates the market size on the basis of the sales generated from the various types of medical technologies. Medical technologies market in Europe covers treatment, diagnostic, alleviating, monitoring and preventive technologies; also, in vitro diagnostics use in diseases, injured & handicapped people and healthcare software.

The report provides a vast pool of data with analysis of the various technologies used for investigation, modification of replacement of physiology and anatomy such as robotic-assisted surgery, left ventricular assist devices, diagnostic imaging services, transcatheter valve replacements, cervical disc replacements, intraocular lenses, mobile health, molecular diagnostics and renal denervation.

The report further profiles the leading companies form the medical technology market in Europe to provide the readers with better understanding of the European market’s competitive structure and the major regions include France, Germany, Italy, UK and Spain.

Companies profiled in the report are Johnson & Johnson, Roche Diagnostics, Qiagen, Elekta, Sonova Holding, Smith & Nephew, Getinge, Syneron Medical, Essilor International, Medtronic Inc., Sempermed, GE Healthcare, Novartis - Alcon Surgical and Siemens Healthcare Diagnostics Inc.

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