Supporting jobs and growth

The medical technology sector has a broad footprint across Europe:

  • A major employer in Europe: employs more than 575,000 people in over 22,500 companies and has an annual turnover of €110 billion,
  • Collaborate with different sectors: it brings together parts of biochemistry, engineering, information technology and medicine to develop and produce smart solutions,
  • SME-driven: the sector is driven by small and medium-sized companies, which make up almost 95% of the industry,
  • Research and innovation is crucial: around €4 billion is ploughed back into research and development,
  • A growing sector: as a market, Europe’s medtech sector has been growing on average by 4% a year over the past six years,
  • Medtech develops products and combines elements from various other industries

 

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