The Critical Role of the European Authorized Representative for Medical Devices and In-Vitro Diagnostic Devices
Dec 20, 2024
New Delhi [India], December 20: The European medical devices market, projected to surpass EUR230 billion by 2030, is driven by an ageing population, healthcare advancements, and technological innovation. In 2022, it was valued at over EUR150 billion with a 5.5% CAGR. The In-vitro diagnostic (IVD) device market is expected to expand steadily, reaching $32.93 billion by 2032. This market presents opportunities for global manufacturers, especially in a region with a large population and advanced healthcare systems. However, entering this market requires meeting regulatory requirements, particularly achieving CE Marking compliance.