Health Destination

FRANCE – The Next Health Technology Nation

The medical device market in france had an estimated turnover of €31. 2 billion for the year 2019. The market turnover for medical devices exported from france is estimated at €8. 9 billion, which is 26% of the total market. The market is expected to see an annual growth of about 2% for the next several years(trade. Gov) France is a transcontinental country spanning Western Europe and overseas regions and territories in the Americas and the Atlantic, Pacific and Indian…

Israel A hot spot for med-tech innovation

According to recent data compiled by IVC Research Center, Israeli life sciences companies raised a total of $1.5 billion in 2019, similar to the sum raised in 2018 ($1.53 billion) and accounted for 17% of the total fundraising sum of tech companies in 2019. So far in 2020 according to Start-Up Nation Central, the digital healthcare sector saw more than $700 million raised in roughly 25 rounds. Israel is a country in Western Asia. It is situated on the southeastern…

Positive growth in the US medical technology sector

The US remains the largest medical device market in the world: $156 billion (40 percent of the global medical device market in 2017). By 2023, it is expected to grow to $208 billion. US exports of medical devices in key product categories identiϐied by the Department of Commerce exceeded $43 billion in 2018. The United States of America, commonly known as the US or America, is a country primarily located in North America. It consists of 50 states, a federal district,…

South Korea Asia’s fastest growing healthcare market

According to the Ministry of Food and Drug Safety(MFDS), the market size for the medical device sector in South Korea has doubled since 2010. Ranked 9th in the world in 2018, Korea's market reached approximately $6.2 billion in 2018 and imports from the US increased from 0.9 billion in 2010 to $1.8 billion in 2018 South Korea i s a country in East Asia, constituting the southern part of the Korean Peninsula, and sharing a land border with North Korea. 25 million people, around half of the country's population of more than 51 million people, live in the Seoul Capital Area, the fifth-largest metropolitan area in the…

Iceland’s advancing medical sector

Iceland has a universal healthcare. The healthcare system is largely paid for by taxes (85%) and to some extent by service fees (15%) and is administrated by the Ministry of Welfare. A considerable portion of government spending is assigned to health care. There is almost no private health insurance in Iceland and no private hospitals Iceland is a Nordic island country in the North Atlantic, with a population of 364,134 and an area of 103,000 km2 (40,000 sq. mi), making…