Reports and Intelligence adds a report titled “Medical Technology Market in Europe 2014-2018.” The reports states that the medical technology market in the Europe region is expected to register a CAGR of 4.50% during the forecast period i.e. 2013-2018.

Medical technology consists of a wide variety of medical techniques and equipment, which are used to offer assistance to the patients with the entire medical process from disease diagnosis to treatment and cure. Several medical technologies are designed with an aim to provide health benefits and ensure recovery and better health from any chronic or serious medical conditions.

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Medical technologies plays a vital role in the healthcare sector and helps many people across the globe with their medical conditions in their home and hospitals with wheelchairs, pregnancy tests, insulin pens, life-supporting machines, etc. There are more than 5 million medical technologies available in the healthcare and medical sector today. These technologies mainly includes medical devices, software solutions, diagnostic equipment, imaging, electromechanical medical, IVD, dental, therapeutic radiation, aesthetic & respiratory, active & non-active implantable and biological derived devices.

The reports on medical technology market provides detail analysis of the market dynamics including the latest and emerging market trends and also the various factors influencing the growth of the European medical technology market. The report evaluates the market size of the medical technologies on the basis of its application, types, etc.

The introduction of user-friendly medical technologies is one of the major factors that would drive the European medical technology market growth in the future. Also, the growing number of aging population in Europe is another major factor propelling the growth of the overall market. However, high cost of treatment and devices would hinder the growth of the European medical technology market, says the report.

The report covers a wide range of geographical regions from Europe, which includes Germany, UK, France, Spain and Italy. The report is a comprehensive study to understand the competitive structure of the medical technologies market in Europe. It profiles the major companies operating in the market such as GE Healthcare, Elekta, Medtronic Inc., Sempermed, Roche Diagnostics, Sonova Holding, Johnson & Johnson, Syneron Medical, Essilor International, Smith & Nephew, Qiagen, Getinge, Siemens Healthcare Diagnostics Inc. and Novartis - Alcon Surgical.

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