Germany Healthcare Outlook Report, 2023 | DelveInsight

DelveInsight's, "Germany Healthcare Outlook Report, 2023," report provides comprehensive insights into the healthcare scenario, regulatory policies, and reimbursement landscape in Germany. The report also identifies key trends in the healthcare market and provides insights into the demographic and healthcare infrastructure of the country. Along with this the report also provides a brief look into the trends and segmentation of the pharmaceutical and medical devices market in Germany.

As per DelveInsight's analysis, some of the best-known medical device manufacturers are based in Germany, and some major players from around the world have operations in Germany. However, small- to mid-sized medical device companies make up the majority of the industry. Germany is an attractive market due to its consistent growth and sophisticated approach to healthcare. Demand for highly innovative technologies and diagnostic, therapeutic, and minimally invasive equipment remains high. Many German manufacturers export their products, leaving an opportunity for foreign importers to capitalize on these demands.

Learn more about key trends in the Germany Healthcare Market @ https://www.delveinsight.com/report-store/germany-healthcare-outlook-report?utm_source=openpr&utm_medium=pressrelease&utm_campaign=kpr

Germany Healthcare Outlook

Germany officially the Federal Republic of Germany is a country in Central and Western Europe with 83.2 million people, distributed on a territory of 357,022 square kilometers. In 2019, GDP growth for Germany was 0.6 %. Germany has a universal multi-payer health care system. It encompasses both statutory health insurance for people who earn less than a certain salary, as well as private health insurance for those who earn more and choose to purchase their own. Health insurance is provided by two subsystems: statutory health insurance (SHI), consisting of competing, not-for-profit, nongovernmental health insurance plans known as sickness funds; and private health insurance. Long-term care services are covered separately under Germany's mandatory, statutory long-term care insurance (LTCI). Unlike those in many other countries, sickness funds and private health insurers, as well as long-term care insurers, use the same providers. In other words, hospitals and physicians treat all patients regardless of whether they have SHI or private insurance.

Employers and their employees pay for most of the health care system in Germany through premiums. All workers contribute about 7.5 percent of their salary to a public health insurance pool. Employers match that 7.5 percent contribution. The ideology lives on in the modern German system. Everyone covered by statutory insurance has an equal right to medical care. And the system imposes strict limits on out-of-pocket costs, greatly reducing the number of surprise medical bills.

Germany Industry Overview Chapter

1. Pharmaceutical

The German pharmaceutical market is the largest in Europe and the fourth largest in the world. 1170 pharmaceutical and biotechnology companies with more than 128,000 workers (2015) operate in Germany. In addition to globally successful enterprises, the industry composed of more than 800 medium-sized businesses and young biotech companies. German companies invest $6.5 billion (2016) annually in research and development. Within Europe, Germany is the leading market for non-prescription medicines products.

2. Medical Device

The German medical device market is the largest in Europe and the third-largest in the world. It was valued at $26 billion in 2014 and continues to grow despite a sluggish European economy. Germany has become one of the world's most important countries for clinical studies. Germany is the leader in industry-initiated clinical studies in Europe and second worldwide. The dense network of universities and faculties as well as a variety of research institutions not affiliated to universities speak in favor of Germany as a business location.

Apart from this, the report covers some latest information on the COVID 19 update and the future of healthcare technology in Germany.

Learn how the Germany Healthcare market is growing in the Pharmaceutical and Medical Device sector @ https://www.delveinsight.com/report-store/germany-healthcare-outlook-report?utm_source=openpr&utm_medium=pressrelease&utm_campaign=kpr

Germany Healthcare Outlook Report Highlights

1. Overview of the pharmaceutical and medical device markets

2. An insightful review of the reimbursement and regulatory landscape, covering the healthcare reimbursement process, regulatory agencies, and the approval processes for new drugs and medical devices

3. Detailed analysis of the political and economic environment, including economic indicators, demographics, healthcare infrastructure, and healthcare expenditure

4. An overview of the opportunities for and challenges to growth in the healthcare market

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Germany Healthcare Outlook Key Players

Major key companies involved in the Germany Healthcare market are Fresenius AG, Bayer AG, Evotec AG, Boehringer Ingelheim, Merck KGaA, Helios Kliniken GmbH, Sandoz International GmbH, Symrise AG, Alexianer GmbH, TÜV NORD Group, and others.

Learn more about the key companies at:
https://www.delveinsight.com/report-store/germany-healthcare-outlook-report?utm_source=openpr&utm_medium=pressrelease&utm_campaign=kpr

Table of contents

1. Key Insights

2. Germany at a Glance

3. Executive Summary

4. Assessment

5. Market Access

6. Germany PESTLE Analysis

7. Driver and Barriers

8. Appendix

9. References

10. DelveInsight Capabilities

11. Disclaimer

12. About DelveInsight

Get the Detailed TOC of the Germany Healthcare Outlook Report here:
https://www.delveinsight.com/report-store/germany-healthcare-outlook-report?utm_source=openpr&utm_medium=pressrelease&utm_campaign=kpr

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Kritika Rehani
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About DelveInsight

DelveInsight is a leading Life Science market research and business consulting company recognized for its off-the-shelf syndicated market research reports and customized solutions to firms in the healthcare sector.

This release was published on openPR.