Europe Medical Device Technology Market

Europe Medical Device Technology Market Size

The Europe Medical Device Technology Market was valued at USD  148.66 million in 2024. The Europe Medical Device Technology Market is expected to have 5.77% CAGR from 2025 to 2033 and be worth USD 246.30 million by 2033 from USD 157.24 million in 2025.  

Y-O-Y growth in the incidence of chronic diseases across all the European countries, growing focus of medical technology companies towards the R & D investments to produce more advanced medical devices, and regular FDA approvals for the devices are favorable signals for the market grow further during the forecast timeline.

Well-developed healthcare infrastructure and rapid adoption of new medical technologies are additionally driving the market growth in Europe. The increasing prevalence of orthopedic disorders such as arthritis, osteoporosis, soft-tissue injuries, and fractures in the aging population demands more advanced medical devices and better treatment procedures, which is expected to offer growth scope to the market.High costs associated with the R & D and manufacturing the medical devices may hinder Europe's medical device technology market.

REGIONAL ANALYSIS

The European market for the medical device technology market is predicted to have lucrative growth from 2025 to 2033 and was the second-largest market following North America in 2024. The market in this region is attributed to factors like the growing old age population and rising number of surgical procedures.

Germany is currently dominating the European market due to factors like the availability of funds and investments for research and product innovation. The hiking requirement for cost-containment among the healthcare sector is driving growth in the market.

UK medical device technology market in Europe was the third-largest in 2024, followed by Germany and France. Increasing demand for imported products is receptive to new and innovative technologies. France is the second-largest leading country in the region due to advanced technologies, the number of MRI scanners used to diagnose different kinds of cancer, and the rising number of cancer specialists involving radiotherapy technicians.

KEY MARKET PLAYERS

Prominent Companies leading the Europe Medical Device Technology Market Profiled in the Report are Abbott Laboratories, Inc., Becton, Dickinson and Company, GE Healthcare, Novartis Diagnostics, bioMerieux, Inc., Biomerica, Inc., Johnson and Johnson Diagnostics, Inc., Olympus Corporation, Qiagen N.V., Siemens AG, Thermo Fischer Scientific, Inc., and Zenith Healthcare Ltd.

MARKET SEGMENTATION

This research report on the European Medical Device Technology Market has been segmented and sub-segmented into the following categories

By Device Type

• Electromedical equipment

• Irradiation apparatus
• Dental apparatus
• in vitro diagnostics (IVD) devices
• kidney/dialysis devices
• diagnostic imaging devices
• ophthalmology devices
• orthopedic devices
• endoscopy devices
• diabetes care devices
• anesthesia & respiratory care devices
• wound management devices

By Technology

• Biomarkers
• Bio implants
• molecular diagnostics

By Country

• UK
• France
• Spain
• Germany
• Italy
• Russia
• Sweden
• Denmark
• Switzerland
• Netherlands
• Turkey
• Czech Republic
• Rest of Europe