Netherlands Medical Device Market

Netherlands Medical Device Market is predicted to grow at faster CAGR during the forecast period due to the prevalence of age-related disorders such as cardiac diseases, hypertension, diabetes.

Introduction of the Netherlands Medical Device Market Report

The medical devices are those equipment uses for medical purposes such as monitoring, diagnosis, prevention, and treatment of injuries and diseases. Medical devices provide many benefits by helping patients to overcome sickness or diseases and improving their quality of life.

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Market Dynamic

Key Drivers and Emerging Trends

The rising aging population and the prevalence of age-related disorders such as cardiac diseases, hypertension, diabetes are some of the key factors driving medical devices’ market growth. For instance, according to the world bank report 2020, the population aged 65 and above in the Netherlands was accounted for 3.4 million.

There is a demand for user-friendly homecare products, orthopedic and implantables products, and diabetes care products. Furthermore, there is also significant interest in medical software and e-health. products. Additionally, the increase in technological advancement and investment by the leading companies and governments in this country has also boosted the growth of this country. For instance, according to the Netherland government, USD1.52 billion has been allocated from the National Growth Fund to regenerative medicine, health data infrastructure, artificial intelligence, quantum technology, and hydrogen/green chemistry projects. Such factors will boost the growth of this market.

Restraint in the Netherlands Medical Device Market

However, increasing concerns related to the cost of medical devices which are high and has hampered the growth of this market. Moreover, maintenance cost of the devices is also high which has also restrained the growth of this market.

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Product – Segment Analysis

Based on the Product, Patient Monitoring, Diagnostic, And Medical Imaging Devices are expected to grow at a higher CAGR rate in the Netherlands Medical Device Market during the forecast period owing to an increase in the aging population. For instance, according to the National Institute for Public Health and the Environment Ministry of Health, Welfare and Sport, approx. 7 million people in the Netherlands will be living with a chronic disease by 2030.

End-User – Segment Analysis

Based on the End-User, hospital segment is projected to grow at a higher CAGR rate in the Netherlands Medical Device Market during the forecast period due to the growing number of multispecialty and community hospitals with an increase in the healthcare expenditure, which is more than USD100 billion in 2020 and advanced technology devices installed in the hospital.

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Top Market Players

Various notable players operating in the market, include, Royal Philips, Videojet Technologies, Inc., Medline Industries, LP, Bioventus., Better Hearing, Wellinq, Fengh Medical B.V., Vitatron, Handicare Trapliften, OneMed Netherlands, among others.

Key Developments:

• • In Jan 2021, Royal Philips announced to sign an agreement to acquire Capsule Technologies, Inc., a leading provider of medical device integration and data technologies for hospitals and healthcare organizations. The acquisition will provide Philips’ to frame new strategy to transform the delivery of care along the health continuum with integrated solutions.

Segments covered in the Report:

The Netherlands Medical Device Market has been segmented on the basis of Product, End-User. Based on Product, the market is segmented into Patient Monitoring, Diagnostic, And Medical Imaging Devices, Therapeutic and Surgical Devices and Others. Based on End-User, the market is segmented into Clinics, Hospitals and Others.

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Key questions answered in this research report:

• • At what pace is Netherlands Medical Device Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Netherlands Medical Device Market? What will be the impact of drivers and restraints in the future?
  • Which Product generated maximum revenues in 2020 and identify the most promising Product during the forecast period?
  • What is the various End-User of Netherlands Medical Device Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Netherlands Medical Device Market by Product

• • Patient Monitoring, Diagnostic, And Medical Imaging Devices
  • Therapeutic And Surgical Devices
  • Others

Netherlands Medical Device Market by End-User

• • Clinics
  • Hospitals
  • Others