Description

The European Union (EU) has historically been the largest regional export market for U.S. medical devices market. It has a fertile ground for exports due to high per capita income in most of the EU countries, a favorable regulatory environment and an aging population. The European medical devices industry is known for producing limited yet quality products using advanced technology resulting from significant investment in R&D. The industry is fuelled by innovation and the quest for effective ways of diagnosing and treating medical issues, which in turn envisages the future growth prospects for this sector in Europe to remain highly constructive.