France - Medical EquipmentFrance – Medical Equipment
|Total Local Production||26,300||27,400||28,500||29,700|
|Imports from the US||3,400||3,600||3,700||3,900|
|Total Market Size||29,100||30,300||31,400||32,800|
|Exchange Rate 1 Euro||USD1.320||USD1.109||USD1.107||USD1.063|
data source: SNITEM “Panorama de la Filière Industrielle des Dispositifs Médicaux en France en 2017 : (Figures in USD millions; * indicates unofficial estimates.
Year to year figures adjusted for varying exchange rate.)
The medical device market in France had an estimated turnover of €29.7 billion for the year 2017. The market turnover for medical devices exported from France is estimated at €8.5 billion, which is 29% of the total market. The market is expected to see an annual growth of about 4% for the next several years.
There are over 1,300 medical device firms in France. One-third of these firms are of foreign origin. Although they only account for one-third of the number of enterprises, foreign enterprises in France bring in two-thirds of the total monetary turnover. American enterprises alone bring in 22% of the total turnover.
As opposed to other medical sectors such as pharmaceuticals where large multi-national corporations often dominate the market, the medical device industry is mostly composed of niche-market producers. Out of the 1,300 enterprises in France, 92% of them are SMEs, of which, 88% exclusively produce medical devices. The medical device sector employs approximately 85,000 people in France.
The best sales prospects for medical equipment can be found in newly-developing sectors like non-invasive surgery, orthopedics, and disposable medical equipment. Healthcare professionals in France are highly optimistic about the success of new medical technology. One example of such technology is telemedicine, which is expected to have a major impact on medical care institutions in the coming years.
There has been a steady growth of innovative medical procedures in France, such as same-day surgery. This growth is expected to benefit American medical equipment manufacturers who produce highly innovative devices, as well as those who offer products and services focused on reducing healthcare costs.
- Leading Sub-Sectors
- Technical aids
- Intensive care
Companies that specialize in healthcare IT solutions or electronic medical records are also in high demand. France has developed an electronic card (Carte Vitale) for each patient as a way to process government reimbursement electronically. There are plans to update these cards in the future so that they carry electronic medical records in addition to payment information.
- Web Resources
Approval and testing
G-MED (Groupement pour l'évaluation des dispositifs médicaux)
National agency for the evaluation of medical equipment
Syndicat National de l'Industrie des Technologies Médicales - S.N.I.T.E.M.
(Medical equipment trade association)
U.S. Embassy - U.S. Commercial Service Commercial Specialist:
Phone: +33(0)1 43 12 70 14
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
France Medical Devices Trade Development and Promotion