German Medical Device Market Estimated at $17.5B

The German medical device market is estimated at $17.5 billion, the third largest medical device market in the world, according to a Research and Markets news release.

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The country’s largest producers include Siemens, B. Braun and Fresenius. Due to the economic downturn, German medical device companies are now relying more heavily on the export market. Despite the country’s several domestic medical device companies, it reported $14.1 billion in imports, which supplied around three-quarters of the medical market.

Read the Research and Markets news release on the German medical device market.

Read other coverage on medical device markets:

– Ultrasound Equipment Market to Reach $5.6B by 2015

– U.S. Sleep Apnea, Anesthesia Market to Reach $4.1B by 2015

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