European medical device market expected to grow by 9% in 2008

In a forecast dated October 2007, the International Trade Administration (US Department of Commerce), expects the European Medical Device Market to continue its expansion and grow by 9% in 2008.

This increase is due to aging populations and increased spending on healthcare technologies.

That means the EU market potential will be well above the $100 billion mark for this year alone.

Also, according to earlier information from the European Medical Technology Association (Eucomed), the leading European countries of France, Germany, Italy, Spain and the UK have been importing on an average over 60% of their medical devices.

Need I say more!!!