In Europe, an average of approximately 11% of gross domestic product (GDP) is spent on healthcare. Of this figure, around 7.6% is attributed to medical technologies, i.e. less than 1% of GDP. The spending on medical technology is estimated to vary significantly across European countries, ranging from around 5% to 12% of the total healthcare expenditure. Expenditure on medical technology per capita in Europe is around €284.
Breakdown of Total Healthcare Expenditure (THE) in Europe - 2021 1,2,3,4,5,6
Sources
- EFPIA, 2022, The Pharmaceutical Industry in figures
- Eurostat, 2021, Employment and Population Statistics
- World Medical Device Factbook 2022, Fitch Solutions, Healthcare Expenditure
- WHO, 2019, Global Health Expenditure Database
- Eurostat, Healthcare Expenditure 2019
- 2021 IVD market size data is preliminary and is based on MedTech Europe Statistics Programmes