Medical Devices - Netherlands

  • Netherlands
  • The projected revenue in the Medical Devices market market in the Netherlands is expected to reach US$4.96bn in 2024.
  • Among the various markets, Cardiology_Devices is anticipated to be the largest, with a projected market volume of US$0.69bn in 2024.
  • It is estimated that the revenue in the Medical Devices market market will experience an annual growth rate of 4.03% (CAGR 2024-2028), resulting in a market volume of US$5.81bn by 2028.
  • When compared globally, the United States is projected to generate the highest revenue, amounting to US$182.00bn in 2024.
  • The Netherlands is a leader in the medical technology market, with a focus on innovative medical devices and advanced healthcare solutions.

Key regions: Spain, Japan, United States, Europe, United Kingdom

 
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Analyst Opinion

The Medical Devices market in Netherlands is experiencing steady growth due to several factors such as increasing healthcare expenditure, technological advancements, and a growing aging population.

Customer preferences:
In Netherlands, customers have a strong preference for high-quality medical devices that are reliable and efficient. They value products that are user-friendly and provide accurate and timely results. With a focus on patient safety and quality of care, healthcare providers in Netherlands prioritize medical devices that meet stringent regulatory standards and have a proven track record of effectiveness.

Trends in the market:
One of the key trends in the Medical Devices market in Netherlands is the adoption of digital health technologies. The integration of digital solutions such as telemedicine, remote patient monitoring, and electronic health records has improved access to healthcare services and enhanced patient outcomes. This trend is driven by the increasing demand for personalized and remote healthcare services, especially in rural areas where access to healthcare facilities is limited. Another significant trend in the market is the rise of minimally invasive medical procedures. Advancements in medical technology have led to the development of innovative devices that allow for less invasive surgeries and treatments. These procedures offer several benefits such as reduced pain, shorter recovery times, and lower healthcare costs. As a result, there is a growing demand for medical devices that enable minimally invasive procedures in Netherlands.

Local special circumstances:
Netherlands has a well-developed healthcare system with a strong focus on preventive care and early detection of diseases. The government has implemented various policies and initiatives to promote healthy living and disease prevention. This emphasis on preventive care has led to an increased demand for medical devices that support early diagnosis and screening. Furthermore, the aging population in Netherlands is also driving the growth of the Medical Devices market. The country has one of the highest life expectancies in the world, and the proportion of elderly individuals is expected to increase in the coming years. This demographic shift is creating a greater demand for medical devices that cater to the needs of the elderly population, such as mobility aids, home healthcare devices, and assistive technologies.

Underlying macroeconomic factors:
The growth of the Medical Devices market in Netherlands is also influenced by macroeconomic factors such as healthcare expenditure and government policies. The government of Netherlands has been increasing its healthcare budget to meet the rising demand for healthcare services, including medical devices. This increased healthcare expenditure provides a favorable environment for the growth of the Medical Devices market. Additionally, the Netherlands is known for its strong research and development capabilities in the healthcare sector. The country has a well-established infrastructure for medical research and innovation, which attracts both domestic and international companies to invest in the development of new medical devices. This focus on research and innovation contributes to the growth of the Medical Devices market in Netherlands. In conclusion, the Medical Devices market in Netherlands is witnessing steady growth driven by customer preferences for high-quality and reliable devices, the adoption of digital health technologies, the rise of minimally invasive procedures, local special circumstances such as the emphasis on preventive care and the growing aging population, and underlying macroeconomic factors such as healthcare expenditure and government policies.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

Modeling approach / Market size:

Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

Overview

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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