A growing economy in Europe

HealthTech companies in Europe

World medical device market by region
based upon manufacturer prices

* all the figures above are for the 2016 year. 

** source: MedTech Europe F&F Report 2018

Key facts:

• The European HealthTech market was worth 110 billion € in 2016, representing 29% of the global HealthTech market.
• With more than 12,200 patent applications in 2016 in Europe, health technologies are ranked sector #1 on this indicator, before pharmaceuticals and biotechnology (5,700 patent applications per year for each). There is a constant flow of innovation thanks to a high level of research and development within the industry and a close co-operation with clinicians and patients. Medicals devices’ average life-cycle is only of 18-24 months before an improved product becomes available.
• The European health technology industry was employing more than 675,000 people in 2016. It is then an important player in European economy. In comparison, the European pharmaceutical industry employs around 740,000 people.
• There are around 27,000 HealthTech companies in Europe, 95% of them being SMEs.

Contact

MedTech Europe (NOBEL Core Partner), the European trade association representing the medical technology industries, from diagnosis to cure.
https://www.medtecheurope.org
info@medtecheurope.org

• About Medical Technologies current trends: https://www.medtecheurope.org/about-the-industry/facts-figures/
• Download the MedTech Europe F&F Report 2018

All terms are defined in the Glossary.