Only by accurately quantifying the footprint of the European medical technology industry, we can demonstrate its contribution to sustainable healthcare systems, economic growth and European competitiveness on a global scale.
- In this report, Europe refers to EU27, Norway, Switzerland and the United Kingdom, unless specified otherwise.
- The Innovation chapter defines medical technology following the methodology of the World Intellectual Property Organization (based on the WIPO IPC-Technology concordance as revised in August 2014). Patents are attributed to the applicant’s country of residence. EPO countries refer to the 38 member states of the European Patent Organisation.
- The Employment and Companies chapters are based on data from the annual surveys MedTech Europe carries out among its National Association members. The most recent survey was finalised in March 2024. Figures refer to the latest year available. An enterprise is considered to be an SME if it employs fewer than 250 persons and has an annual turnover not exceeding € 50 million (small and micro-sized companies employ fewer than 50 persons and have a turnover of less than € 10 million).
- The Expenditures on Medical Technology chapter is based on MedTech Europe calculations using healthcare statistics from the following sources: EFPIA, Eurostat, Fitch Solutions, WHO.
- The Medtech Market in Europe chapter is based on manufacturers’ sales (revenue), not including margins, such as value added in the wholesaling and retailing, transportation costs, some taxes included in the final price, etc.
- The Trade chapter data refers to the medical technology products in the following categories, excluding in vitro diagnostics: orthopaedics & prosthetics, patient aids, dental products, diagnostics imaging, consumables, other medical devices (incl. wheelchairs, ophthalmic instruments, hospital furniture, medical & surgical sterilisers, ultra-violet or infra-red ray apparatus, blood pressure monitors, endoscopy apparatus, dialysis apparatus, transfusion apparatus, anaesthetic apparatus & instruments).