TechNavio today launched its report Medical Devices Market in Europe 2011-2015 based on an in-depth study focusing exclusively on Europe. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Healthcare team said; ”An increasing demand for minimally invasive surgeries noticed among members of the rapidly aging population is expected to spark the growth of the Medical Devices market in Europe. In addition, the cost efficiencies offered by less invasive methods are likely to increase the demand for them in the near future.”
According to the report, the main driver affecting this market is the worldwide increase in the aging population, caused by lower mortality rates, increased life expectancy, and population control. This will increase the prevalence of various chronic diseases, and will result in the increased usage of medical devices, propelling the growth of the Medical Devices market in Europe.
Further, the report also discusses that one of the main challenges in the market is the intense competition among vendors leading to severe pricing pressure.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit http://goo.gl/DbwDf
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TechNavio Announces the Publication of its Report – Medical Devices Market in Europe 2011-2015
