North America And Europe Medical Technology Market size is expected to reach USD 647.1 billion by 2028
North America And Europe Medical Technology Industry Overview North America and Europe medical technology market size was valued at USD 270.4 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 11.5% from 2021 to 2028. Rising healthcare expenditure, ineffective hospital service management, growing influx of patient population at various healthcare facilities, increasing healthcare personnel shortage, is boosting public and private organizations to discover and develop innovative models of healthcare delivery. Healthcare professionals are constantly demanding for advanced technological solutions to improve the quality of patient care, eliminate growing data siloes, reduce operational costs. The increasing adoption of digital health technologies is anticipated to drive market growth over the forecast period. The rapidly growing geriatric population in North America and Europe coupled with the rising prevalence of diseases, increa...