Modest Growth Predicted for French Medical Device Market

From the Wire: As a result of measures taken to curb medical device spending in France, the med-tech market in that country is predicted to see limited growth, rising from US$8.6 billion in 2008 to US$11.0 billion by 2013, according to a recent report. The deficit of the country’s health insurance funds has prompted a series of reform programmes for the health sector, which include measures to control spending on medical devices and pharmaceuticals. Some medical device OEMs will benefit, however, from several initiatives implemented to help France overcome a shortfall in imaging and radiotherapy equipment. France is the fifth-largest medical device market in the world, ranking behind the United States, Japan, Germany and the United Kingdom.

The full report is available from Research and Markets.

Tags: France