{"id":6880,"date":"2019-04-29T13:33:33","date_gmt":"2019-04-29T13:33:33","guid":{"rendered":"https:\/\/amb.se\/?p=6880"},"modified":"2022-12-15T21:23:38","modified_gmt":"2022-12-15T21:23:38","slug":"the-european-medtech-industry-in-figures-2019","status":"publish","type":"post","link":"https:\/\/amb.se\/en\/2019\/04\/29\/the-european-medtech-industry-in-figures-2019\/","title":{"rendered":"The European medtech industry in figures 2019"},"content":{"rendered":"
[vc_row][vc_column][vc_column_text]Did you know that Sweden is in place 5 in Europe when it comes to the number of employed per capita in the medtech industry? Or that Germany alone has 30% of all Europe’s medical technology employees? Medtech Europe has checked the pulse on Europe’s medtech sector.[\/vc_column_text][vc_column_text]The US is by far the largest medical technology market; 43% of a population of just over 320 million. Europe accounts for 27% of a population of just over 740 million. By comparison, Brazil and Russia are only 1% each, despite large populations of 190 million and 140 million inhabitants, respectively.[\/vc_column_text][vc_row_inner][vc_column_inner width=”5\/6″]

The world market for Medical Devices 2017<\/h3><\/canvas>
\"\"<\/div><\/div><\/div><\/div>[\/vc_column_inner][vc_column_inner width=”1\/6″][\/vc_column_inner][\/vc_row_inner][vc_column_text]The largest export markets for Europe are the United States, China and Japan. These countries are also the largest importing countries for Europe.[\/vc_column_text][vc_column_text]The value of Europe as a medical technology market was estimated to approximately 115 billion euro in 2017.[\/vc_column_text][vc_column_text]Europe has a positive trade balance of 19.7 billion euro for the Medical Devices sector, which is more than 10 times higher than the US surplus.[\/vc_column_text][vc_column_text]The European countries that export the most are Germany, the Netherlands, Belgium and Ireland, all of which have a positive trade balance in the sector. Our neighboring countries, Finland and Denmark, had a trade surplus of 880 million and 628 million euro respectively, while Sweden and Norway showed a trade deficit of 154 million and 659 million euro respectively.[\/vc_column_text][vc_separator][vc_column_text]The European medical technology industry employs more than 675,000 people. Germany dominates with 200,000 employees.[\/vc_column_text][vc_column_text]The number of employed per capita is highest in Ireland (79\/10000 inhabitants) and Switzerland (69), accompanied by Denmark (26), Germany (24) and Sweden (23).[\/vc_column_text][vc_column_text]The expenditure on medical technology varies widely in different European countries, but it represents less than 1% of GDP. The weighted average per capita is 213 euro.[\/vc_column_text][vc_separator][vc_column_text]There are 27,000 medical technology companies in Europe and the most are in Germany. 95% of the companies are so-called SMEs (small and medium-sized enterprises, 10\u2013249 employees with up to 50 million euros in turnover).[\/vc_column_text][vc_column_text]The growth rate in Europe in the sector has been 4.3% on average over the past 10 years.[\/vc_column_text]
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Number of medtech patent applications in Europe per year, 2006\u20132017<\/h3><\/canvas>
\"\"<\/div><\/div><\/div><\/div>[vc_column_text]Medical technology as a sector accounts for most applications in Europe with over 13,000 patent applications, and the trend is rising.[\/vc_column_text][vc_column_text]The life cycle of a medical device (the time period before an improved product is on the market) is only 18\u201324 months.[\/vc_column_text][vc_separator][vc_column_text]Source: Medtech Europe<\/a>.[\/vc_column_text][vc_column_text]Foto: PublicDomainPictures fr\u00e5n Pixabay[\/vc_column_text][\/vc_column][\/vc_row]\n<\/div>","protected":false},"excerpt":{"rendered":"

Did you know that Sweden is in place 5 in Europe when it comes to the number of employed per capita in the medtech industry? Or that Germany alone has 30% of all Europe’s medical technology employees? Medtech Europe has checked the pulse on Europe’s medtech sector.<\/p>\n","protected":false},"author":3,"featured_media":6861,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[10,12],"tags":[],"class_list":["post-6880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-knowledge-blog","category-news"],"yoast_head":"\nThe European Medtech industry in figures 2019 - AMB<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/amb.se\/en\/2019\/04\/29\/the-european-medtech-industry-in-figures-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The European Medtech industry in figures 2019 - AMB\" \/>\n<meta property=\"og:description\" content=\"Did you know that Sweden is in place 5 in Europe when it comes to the number of employed per capita in the medtech industry? 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