Request Free Sample
×
Germany Precision Medical Devices Market
ID: MRFR/HC/42327-HCR
200 Pages
March 2025
Germany Precision Medical Device Market
Industry Developments
Recent developments in the Germany Precision Medical Device Market reflect robust growth and evolving dynamics within the sector. Notably, Medtronic has expanded its operations in Germany with a new facility dedicated to advanced robotic surgical technology, which is anticipated to bolster surgical precision and patient outcomes. Abbott Laboratories introduced a new wearable glucose monitoring device, enhancing diabetes management for patients. The market has also seen significant investment, particularly from Bosch Healthcare Solutions, which has focused on integrating AI for medical diagnostics. Additionally, in October 2023, Siemens Healthineers completed the acquisition of a German company specializing in molecular imaging, aiming to strengthen its portfolio in personalized medicine. The precision medical device sector is projected to grow substantially, driven by trends towards minimally invasive procedures and a growing aging population. Noteworthy developments from the past couple of years include the collaboration between Drägerwerk and Boston Scientific in July 2022, aimed at advancing respiratory care technologies. Germany's innovation-friendly environment, supported by governmental funding for medical research, continues to attract investments and partnerships within the precision medical device market.
Germany Precision Medical Device Market Report Scope
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 2.48(USD Billion) |
| MARKET SIZE 2024 | 2.73(USD Billion) |
| MARKET SIZE 2035 | 6.84(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 8.6% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Medtronic, Abbott Laboratories, Bosch Healthcare Solutions, Terumo Corporation, Johnson and Johnson, Drägerwerk, Boston Scientific, Siemens Healthineers, Philips Healthcare, Smith and Nephew, B. Braun, Carl Zeiss AG, GE Healthcare, Fresenius Medical Care, Stryker |
| SEGMENTS COVERED | Ecosystem Players Outlook, Sub-Markets Outlook, Therapeutics Outlook |
| KEY MARKET OPPORTUNITIES | Aging population healthcare needs, Advanced robotics integration, Telemedicine and remote monitoring, Digital health data management, Personalized medicine advancements |
| KEY MARKET DYNAMICS | Technological Advancements, Regulatory Compliance, Aging Population, Increasing Chronic Diseases, Rising Healthcare Expenditure |
| COUNTRIES COVERED | Germany |
FAQs
What is the expected market size of the Germany Precision Medical Device Market in 2024?
The Germany Precision Medical Device Market is expected to be valued at 2.73 USD Billion in 2024.
What is the expected market size of the Germany Precision Medical Device Market by 2035?
By 2035, the Germany Precision Medical Device Market is expected to reach a valuation of 6.84 USD Billion.
What is the expected compound annual growth rate (CAGR) for the Germany Precision Medical Device Market from 2025 to 2035?
The expected CAGR for the Germany Precision Medical Device Market from 2025 to 2035 is 8.6 percent.
Who are the key players in the Germany Precision Medical Device Market?
Major players in the Germany Precision Medical Device Market include Medtronic, Abbott Laboratories, Bosch Healthcare Solutions, and Johnson & Johnson among others.
What is the estimated market size for Pharmaceuticals and Biotechnology Companies in the Germany Precision Medical Device Market by 2035?
The market size for Pharmaceuticals and Biotechnology Companies in this sector is projected to be 1.631 USD Billion by 2035.
What is the expected market size for Diagnostic Companies in 2024?
In 2024, the expected market size for Diagnostic Companies in the Germany Precision Medical Device Market is 0.476 USD Billion.
How much is the market for Clinical Laboratories expected to be valued at in 2035?
The Clinical Laboratories segment is expected to be valued at 2.535 USD Billion by 2035.
What is the projected market size for Healthcare IT Specialists/Big Data Companies in 2024?
The market size for Healthcare IT Specialists/Big Data Companies is estimated to be 0.512 USD Billion in 2024.
What opportunities and challenges lie ahead for the Germany Precision Medical Device Market?
Key opportunities include technological advancements and increasing healthcare demands, while challenges involve regulatory hurdles and competition.
What impact might current global economic conditions have on the Germany Precision Medical Device Market?
Current global economic conditions may affect supply chains and demand patterns within the Germany Precision Medical Device Market.
Download Free Sample
Kindly complete the form below to receive a free sample of this Report
Customer Stories
“This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job”
Noah Malgeri
Co-Founder
“Thanks. It’s been a pleasure working with you, please use me as reference with any other Intel employees.”
Joseph Aguayo
Sales Operations & Pricing Manager
“Thanks for sending the report it gives us a good global view of the Betaïne market.”
Peter Groot koerkamp
Account and Business Manager
“Thank you, this will be very helpful for OQS.”
La Terria Dodd
Program Support Specialist
“We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.”
Younghwan Choi
Senior Retail Manager
“I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”
Mark Irwin
Management Consultant
“I have been reading the first document or the study, ,the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!”
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA
“We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.”
Akif Moroglu
Strategy & Business Development Director
Case Study
Aerospace & Defense
Leave a Comment