LONDON, Dec. 19, 2016 /PRNewswire/ -- France will remain the fifth largest market in the world but will see more moderate growth over the next five years, constrained by a sluggish economy and cost containment measures in the healthcare sector. Growth will be primarily driven by the rising healthcare needs of the ageing population and the need to keep pace with new technology. However, lengthy delays in gaining reimbursement for new devices remain a concern despite government measures to support innovation.
Latest Updates And Key Forecasts
- We maintain our forecast that the market will expand at a euro 2015-2020 CAGR of 4.5% and a US dollar 2015-2020 CAGR of 2.3%, taking the value to EUR14.6bn (USD14.6bn).
- We expect import growth to slow in H216 as the euro weakens against the dollar with the UK vote to leave the European Union undermining the eurozone's economic growth outlook. Imports grew by 6.4% y-o-y in euro terms in the 12 months to July 2016 and by 8.0% in the final three months. In US dollar terms, imports grew by 8.6% over the 3-month period and by 0.4% over the 12-month period, taking the running annual total to USD10.5bn.
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