Denmark Medical Devices Market: Industry Overview (2022-2027) by Function, Application, End Use, and Region

Denmark Medical Devices Market Overview:

Medical devices are equipment, apparatus, or machine used in the prevention, diagnosis, or treatment of illness, disease, or for detecting, measuring, restoring, correcting, or transforming the structure or function of the body for a medical purpose. Denmark is one of Europe's most technologically advanced countries with some of the most powerful multinational companies in the medical device, biotechnology, and pharmaceutical industries including NovoNordisk, Coloplast, and LEO Pharma. The Danish medical devices and medicines are regulated by the Danish Ministry of Health and Prevention. As per the EU medical device regulations CE mark allows the device to be freely distributed within all EU member states.

The report examines the market's growth drivers as well as its segments (Function, Application, End Use, and Region). Data has been provided by market participants. This market study takes an in-depth look at all of the significant advancements that are currently occurring across all industry sectors. To provide key data analysis for the historical period (2017-2020), statistics, infographics, and presentations are used. The report examines the Denmark Medical Devices market, Restraints, Opportunities, and Challenges. This SMR report includes investor recommendations based on a detailed analysis of the current competitive landscape of the Denmark Medical Devices Market.

Denmark Medical Devices Market Dynamics:

Drivers for the growth of the Denmark Medical Devices Market

The Danish healthcare sector is typically interested in being at the forefront of technology and seeks to provide the best treatment available to its patient. Furthermore, there is a strong push to provide healthcare at a reduced cost and in a more efficient manner. There is an emphasis on technology that save costs while also improving treatment outcomes or patient experiences. Denmark is actively constructing new healthcare facilities. This includes eight bigger "super-hospitals" (highly digitalized), two greenfield construction projects, and renovation/improvement of existing hospitals. Therefore, the demand for medical devices is increasing in this region. The future of the Danish medical device market is bright, with opportunities in the hospital and homecare sectors. The primary drivers of market growth are rising healthcare costs, technological advancements, an aging population, and chronic illnesses.

Latest Technologies in medical devices

Emerging trends that have a direct impact on the dynamics of the medical device industry include an increase in the use of AI-optimized medical devices, an increase in the acceptance of wearable medical devices, miniaturized medical devices, and the adoption of 3D-Printing in medical devices. Medical devices are imported into Denmark from Germany, the Netherlands, and Sweden. According to Invest in Denmark, Denmark has around 250 dedicated medical device firms. The top 20 businesses are estimated to account for more than 75% of industry revenue. The medical device sector in Denmark had a 10.2 billion euro turnover in 2021.

Medicon Valley in Denmark

Medicon Valley is the capital of Denmark's medical technology. Medicon Valley is home to over 200 medical technology companies and over 150 biotech companies. The private sector employs around 44,000 people in Medicon Valley.  

Quality Fund for Hospitals to procure medical devices

Approximately 20% of each hospital grant from the Quality Fund is designated for medical devices and information technology. Each hospital manages its own procurement processes for medical devices and supplies. Hospitals may now purchase new medical products and devices thanks to comprehensive hospital reforms and reconstructions. Purchasing new devices accounts for around 25% of national hospital construction funds. They may provide entry points for Dutch medical device companies.

Denmark Medical Devices Market Segment Analysis:

By End-use, Hospital and Ambulatory Care Medical Device segments are expected to grow at the highest rate over the forecast period. The Danish national government and regions have invested more than 5.5 billion euros in hospital renovations and medical supplies. Hospital building and medical supplies procurement at more than 16 specialty hospitals are ongoing till 2025. The 16 new specialist hospitals want to improve their processes, which include patient movements, laboratory testing, and sterile product tracking.

The purpose of this research is to provide stakeholders in the industry with a thorough insight into the Denmark Medical Devices market. The study includes an analysis of difficult data in simple language, as well as the industry's historical and current state, as well as anticipated market size and trends. The market report examines all segments of the industry, with a focus on significant players such as market leaders, followers, and new entrants. The report includes a PORTER, and PESTEL analysis as well as the possible influence of microeconomic market determinants. External and internal elements that are expected to have a favorable or negative impact on the market have been examined, providing decision-makers with a clear future vision of the industry. The research also aids in comprehending the Denmark Medical Devices market dynamics and structure by studying market segments and forecasting market size. The research is an investor's guide since it depicts the competitive analysis of major competitors in the Denmark Medical Devices market by product, price, financial situation, product portfolio, growth plans, and geographical presence.

Denmark Medical Devices Market Scope:

Denmark Medical Devices Market Players

• Ambu A/S 
• BK Ultrasound Denmark 
• CODAN Steritex ApS 
• Energist Medical Group 
• Flexicon 
• Innovision A/S 
• J.K. Medico ApS 
• KEN A/S 
• PAR Scientific A/S 
• PCG - Personal Care Group 
• Tandex 
• Vendlet Aps 
• Vivostat A/S