created by the European medtech industry in 2018
value added per employee
medical technology companies in Europe
The European medical technology industry employs directly more than 730,000 people 1. Germany had the highest absolute number of people employed in the medical technology sector, while the number of medical technology employees per capita is highest in Ireland and Switzerland. In comparison, the European pharmaceutical industry employs around 765,000 people 2.
The jobs created by the medical technology industry account for around 0.3% of total employment in Europe 3. These jobs are also highly productive, as the value added per employee is estimated to reach €160,000 per employee. These indicators show that the medical technology industry has an important economic and societal impact in Europe.
There are more than 32,000 medical technology companies in Europe. The highest number of them are based in Germany, followed by Italy, the UK, France and Switzerland. Small and medium-sized companies (SMEs) make up around 95% of the medical technology industry, the majority of which employs less than 50 people (small and micro-sized companies).