Report Overview

French Medical Equipment Market Forecast and Trends

The medical equipment market has changed within recent years, owing to the increase in the prevalence of various chronic diseases across the globe. Further, oxygen-related products medical equipment is gaining high adoption due to a significant increase in the incidence of chronic obstructive pulmonary disease (COPD). Various devices are used for patient care at home, for example, apnea monitors, glucose meters, infusion pumps, electric wheelchair, and cannula. For example, glucose meters or glucometers are routinely used at home to assess the level of glucose in the blood for diabetics. Further, new technologies such as needle-free diabetic care, medication administration equipment, and durable medical equipment, such as medical beds and lift chairs, propel the home medical equipment market growth. Nevertheless, the high cost associated with the medical equipment is anticipated to hamper the growth of the medical equipment market.

French Medical Equipment Market: Overview

Medical equipment, Drugs, and medical supplies have a significant impact on the state of patient care and account for a great proportion of health care costs. Medical equipment is an asset that directly affects human lives. They are considerable investments and, in many cases, have high maintenance costs. It is important, therefore, to have a well-planned and managed maintenance program that is able to keep the medical equipment in a health-care institution reliable, safe, and available for use when it is needed for diagnostic procedures, treatments, therapy, and monitoring of patients. In addition, such a program prolongs the useful life of the equipment and reduces the cost of equipment ownership.

Growth drivers

Increasing prevalence of chronic diseases

Obesity is regarded as one of the main factors accountable for the increasing prevalence of chronic disorders, including heart disorders and diabetes.  Since medical equipment is a critical component of various long-term care treatments for several chronic conditions, including chronic respiratory diseases, cardiovascular diseases, and cancer, the rising prevalence of lifestyle diseases is expected to play a pivotal role in the growth of the medical gases and equipment market in the coming years.

Technological Advancements

Technological advancements have produced a growing range of functionality options for various medical equipment used in hospital care and clinics. As opposed to earlier equipment, the latest technologically advanced equipment gives a complementary system of monitoring and therapy delivery. In addition, currently, various associated medical equipment is gradually being improved to offer a better quality of care. The development of lightweight and portable medical equipment has emerged as a boon to the growing French medical equipment market.

French Medical Equipment Market: Type

Based on type, the French Medical Equipment market segmented into Equipment Accessories, Cryogenic Products and Gas Delivery Systems. Equipment accessories is expected to grow during the forecast period.

French Medical Equipment Market: Application

Based on the application, the market is bifurcated into Therapeutic, Diagnostics and Pharmaceutical manufacturing and research.

Based on applications, the therapeutic applications segment dominated the market in previous years and is expected to dominate during the forecast period. This is primarily due to the high prevalence of cardiovascular diseases and respiratory, which has resulted in increased consumption of medical equipment.

French Medical Equipment Market: End-Use

Based on end users, the market is segmented into Hospitals, Home Healthcare, Pharmaceutical and Biopharmaceutical Companies, Diagnostic and Research Laboratories, Academic Institutes and Research Institutes.  The hospitals segment dominated the market in previous years and is expected to dominate during the forecast period. This is mainly due to the high utilization of medical equipment by hospitals due to the large number of patients.

Competitive Landscape

The leading companies of French Medical Equipment Market are CICP, FOURES SAS, ACCELIB, MEDICOPALE, HEXABIO RETAIL, PROMOTAL, BSE Ambulances, Solumed, Mediverre, JD Plast and other prominent players.

Recent Development

·            March, 2020: 

Scope of the Report

    By Type

                       ·           Equipment Accessories

Ø  Hoses

Ø  Manifolds

Ø  Regulators

Ø  Flowmeters

Ø  Others (Vacuum Systems, Outlets, Monitoring Systems, Valve with Integrated Pressure Regulator, etc.)

           ·           Cryogenic Products

           ·           Gas Delivery Systems

By Application

                       ·   Therapeutic

Ø  Respiratory Diseases

Ø  Cardiovascular Diseases

Ø  Anesthesia

Ø  Cryosurgery

Ø  Others

·  Diagnostics

Ø  Medical Imaging

Ø  General laboratory Use

·  Pharmaceutical manufacturing and research

Ø  Drug Discovery

Ø  Process Development

Ø  Pharmaceutical Manufacturing

Ø  Quality Control

By End-Use

                       ·   Hospitals

                       ·   Home Healthcare

                       ·   Pharmaceutical and Biopharmaceutical Companies

                       ·   Diagnostic and Research Laboratories

                       ·   Academic Institutes and Research Institutes   

By Region:  

                       ·           North America

                       ·           Europe

                       ·           Asia Pacific

                       ·           Latin America

Middle East & Africa

By Type

                       ·           Equipment Accessories

Ø  Hoses

Ø  Manifolds

Ø  Regulators

Ø  Flowmeters

Ø  Others (Vacuum Systems, Outlets, Monitoring Systems, Valve with Integrated Pressure Regulator, etc.)

           ·           Cryogenic Products

           ·           Gas Delivery Systems

By Application

                       ·   Therapeutic

Ø  Respiratory Diseases

Ø  Cardiovascular Diseases

Ø  Anesthesia

Ø  Cryosurgery

Ø  Others

·  Diagnostics

Ø  Medical Imaging

Ø  General laboratory Use

·  Pharmaceutical manufacturing and research

Ø  Drug Discovery

Ø  Process Development

Ø  Pharmaceutical Manufacturing

Ø  Quality Control

By End-Use

                       ·   Hospitals

                       ·   Home Healthcare

                       ·   Pharmaceutical and Biopharmaceutical Companies

                       ·   Diagnostic and Research Laboratories

                       ·   Academic Institutes and Research Institutes   

By Region:  

                       ·           North America

                       ·           Europe

                       ·           Asia Pacific

                       ·           Latin America

                       ·           Middle East & Africa

The objective of the Study:

·         To analyze and forecast the French Medical Equipment Market size of the market in terms of value.

·         To examine the careful market segmentation and forecast the market size, in terms of value, based on the region by segmenting.

·         The French Medical Equipment Market segmented into five regions, namely, North America, Europe, Asia Pacific, Latin America, Middle East & Africa and their leading countries.

·         To outline, categorized, and forecast the French Medical Equipment Market based on the type, and application.

·         To examine competitive developments like technological advancement, services, and regulative framework within the French Medical Equipment Market.

·         To highlight the impact analysis of the factors affecting the market dynamics such as drivers, restraints, opportunities, and challenges.

·         To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

The objective of the Study:

Ø  To analyze and forecast the French Medical Equipment Market size of the market in terms of value.

Ø  To examine the careful market segmentation and forecast the market size, in terms of value, based on the region by segmenting.

Ø  The French Medical Equipment Market segmented into five regions, namely, North America, Europe, Asia Pacific, Latin America, Middle East & Africa and their leading countries.

Ø  To outline, categorized, and forecast the French Medical Equipment Market based on the type, and application.

Ø  To examine competitive developments like technological advancement, services, and regulative framework within the French Medical Equipment Market.

Ø  To highlight the impact analysis of the factors affecting the market dynamics such as drivers, restraints, opportunities, and challenges.

Ø  To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.