Overview
Total Market Size for Medical Devices
|
|
2019
|
2020
|
2021
|
2022 (Estimated) |
|---|---|---|---|---|
|
Total Market size |
34,458 |
n/a |
n/a |
36,742 |
|
Total Local Production |
31,202 |
n/a |
n/a |
33,077 |
|
Total Exports |
8,930 |
n/a |
n/a |
9,375 |
|
Total Imports |
12,186 |
n/a |
n/a |
13,040 |
|
Imports from the US |
4,097 |
n/a |
n/a |
4,384 |
|
Exchange Rate 1 Euro |
USD 1.12 |
USD 1.14 |
USD 1.18 |
USD 1.09 |
(total market size = (total local production + imports) - exports)
data source: SNITEM “Panorama de la Filière Industrielle des Dispositifs Médicaux en France”
(Figures in USD millions; * indicates unofficial estimates. Year to year figures adjusted for varying exchange rate.)
The Covid-19 crisis has had a significant impact on the medical device sector. In France, it is reported that approximately 40% of surgical procedures were postponed or canceled due to prioritization for patients with Covid-19, although in 2022 surgical volumes have resumed to pre-pandemic times. Last year, most hospital activity was focused solely on the Covid-19 pandemic, generating an increased demand for Covid-related producers of equipment and supplies but has precipitously decreased the sales of all other medical devices. As a result, it is reported that 82% of companies experienced either a sharp slowdown of their sales, or even a total lack of activity, during the peak of the pandemic waves. France, like many other countries, has increasingly relied on telemedicine to address social distancing requirements. In this context, market data for 2020 and 2021 is unavailable. In 2022, pre-Covid activity has resumed.
The medical device market size in France has an estimated turnover of €36.7 billion for the year 2022. The market turnover for medical devices exported from France is estimated at €9.4 billion, which is 26% of the total market. The market is expected to see an annual growth of about 2% for the next several years.
There are over 1,300 medical device firms in France. One-third of these firms are of foreign origin. Although they only account for one-third of the number of enterprises, foreign enterprises bring in two-thirds of the total turnover. American enterprises alone account for 22% of the total market.
Unlike other medical sectors such as pharmaceuticals where large multi-national corporations often dominate the market, the medical device industry is mainly composed of niche-market producers. Out of the 1,300 enterprises in France, 92% are SMEs, of which 88% exclusively produce medical devices. The medical device sector employs approximately 95,000 people.
The best prospects for medical equipment can be found in newly developing sectors such as non-invasive surgery, orthopedics, and disposable medical equipment. Healthcare professionals in France are highly optimistic about the success of new medical technology. One example of such technology is telemedicine, which is expected to have a major impact on medical care institutions in the coming years.
There has been a steady growth of innovative medical procedures in France, such as same-day surgery. This growth is expected to benefit American medical equipment manufacturers who produce highly innovative devices, as well as those who offer products and services focused on reducing healthcare costs.
Best practices
U.S. companies should either have an agent / distributor or set up a subsidiary to export medical devices to France. For smaller and medium-sized companies, it is preferable to first select an agent / distributor to have a better sense of the market share that can be obtained in France. The creation of a fully owned subsidiary can be planned at a later stage. Medical devices in the French market, whether imported products or domestically manufactured lines, are subject to the following requirements:
- Medical devices are required to obtain the CE Mark
- Medical devices are required to have French-language directions
Leading Sub-Sectors
Diagnosis
The diagnostic sub-sector represents approximately 34% of the total medical device market in France. State-of-the-art diagnostic medical imaging systems are in high demand. Uses for diagnostic technology already exist for pediatrics, cardiovascular care, digestion, urology, and spinal/neurological treatment. As these devices use trusted and versatile technology, demand for diagnostic equipment will continue to grow. Health care professionals are very interested in a feature of medical imagery equipment known as “image networking”. Image networking allows a healthcare professional to compare an image of a current patient to hundreds of previous cases using an image data bank.
Rehabilitation
The rehabilitation sub-sector represents approximately 25% of the total medical device market in France. It includes all types of devices designed to help those recovering from illness or treatment. Like many European markets, France has a growing elderly population with a greater need for rehabilitation products. A large portion of this sub-sector is made up of disposable medical equipment such as incontinence products, wound care products, and items designed to prevent bed sores.
Surgery
The surgical instrument and supplies sub-sector represent approximately 18% of the total medical device market in France. Recent innovations in the field of non-invasive surgery could potentially have a significant impact on everyday hospital practice. Non-invasive surgery devices offer superior results and present a significantly reduced risk to patients.
Intensive Care
Intensive care equipment like respiratory monitors, pumps, and incubators represent about 9% of the medical device market. Demand from both public and private hospitals for cutting-edge intensive care equipment and supplies is increasing. U.S. suppliers of this type of equipment should benefit from the increased demand.
Technical aids
The French market for medical prostheses accounts for approximately 7% of the total medical device market. This market is characterized by a strong growth potential for innovative internal prostheses such as knees, hips, ligaments, and elbows. Innovative technical aids in the fields of audiology, dialysis, and respiration are also in high demand.
Hygiene
The hygiene sub-sector represents approximately 5% of the total medical device sector in France. Patient and medical personnel safety is a growing concern to medical personnel and the public. Best prospects in this sector will include products that make it easier to adhere to stringent personnel safety requirements. Products focusing on protection from and preventing the spread of AIDS and other contagious diseases are in particularly high demand.
Opportunities
Implementing controls on healthcare spending is a key objective of the French government, which operates a single-payer universal healthcare system. Decreased spending has led to a decline in the demand for traditional hospital-care equipment. At the same time, demand has grown for medical equipment that can help ensure shorter and less frequent hospital stays. The increasing need for age-related health care equipment will continue to bring new prospects for U.S. suppliers of innovative medical devices.
Companies that specialize in healthcare IT solutions or electronic medical records are also in high demand. France developed an electronic card (Carte Vitale) in January 2022 for each patient to process government reimbursement electronically and for electronic medical records.
Resources
Approval and Testing: G-MED (Groupement pour l’évaluation des dispositifs médicaux)
National agency for the evaluation of medical equipment
Trade Association : Syndicat National de l’Industrie des Technologies Médicales - S.N.I.T.E.M.
Medical equipment trade association
National Authority for Health: HAS (Haute Authorité de Santé)
National agency for the evaluation of medical equipment and medical practices
Safety Agency: ANSM (Agence Nationale de Sécurité du Médicament et des Produits de Santé)
National agency for the safety of pharmaceuticals and health products
Pricing Committee : CEPS (Comité Economique des Produits de Santé)
Pricing committee for pharmaceuticals and medical devices
Public Hospitals : FHF (Fédération Hospitalière de France)
Public Hospitals Federation
Private Hospitals : FHP (Fédération de l’Hospitalisation Privée)
Private Hospitals Federation
Contact: U.S. Embassy France - U.S. Commercial Service Trade Specialist:
Alain.Levy@trade.gov; - Tel: +33(0)1 43 12 70 14