The Benefits of Entering the German MedTech Market
The German MedTech market has seen impressive growth, with a projected revenue of US$38 billion in 2023, driven primarily by the Medical Devices sector. This market is expected to maintain a steady growth trajectory with a CAGR of 4.03% until 2028, reaching a market volume of US$47 billion. Key drivers include the aging population, resilience post-pandemic, and the digital revolution, although navigating regulations can be challenging for newcomers. Overall, the German MedTech sector offers significant opportunities for businesses looking for sustained growth in the healthcare industry.
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