European market grows by 5% in 2000:
This article was originally published in Clinica
Executive Summary
The medical devices industry in Europe represents more than 25% of the world market, according to data from the European medical devices industry association, EUCOMED. At a recent meeting with European Commissioner Erkki Liikanen (see this page), EUCOMED director-general Michael Baker said that of the 2000 world market (including in-vitro diagnostics) of Euro182.2 billion, ($171.6 billion), Europe accounted for Euro47.8 billion, the US, for Euro68.6 billion, and the rest of the world, for Euro8.3billion. The growth rate of the European market in 2000 was about 5%, the largest markets being Germany (33% European market share), France (18%), Italy (11%), and the UK (9.3%).