GITNUX MARKETDATA REPORT 2024

Medical Technology Industry Statistics

The medical technology industry is expected to continue growing rapidly, driven by advancements in healthcare technology and increasing demand for innovative medical devices.

Statistic 1

"The global medical technology market was valued at approximately USD 426 billion in 2020."

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Statistic 2

"R&D spending in the medical technology industry accounted for about 7% of sales in 2020."

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Statistic 3

"Artificial intelligence technologies in medical imaging are expected to hit USD 3.31 billion by 2026."

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Statistic 4

"Wearable fitness trackers saw a worldwide market growth of 17.7% year-over-year in 2020."

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Statistic 5

"Telemedicine use surged by about 154% during the COVID-19 pandemic peak in 2020."

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Statistic 6

"The number of medical technology patents filed worldwide was approximately 15,400 in 2019."

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Statistic 7

"The global digital health market size was valued at approximately USD 96.5 billion in 2020."

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Statistic 8

"The wearable medical device market is expected to reach USD 29 billion by 2026."

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Statistic 9

"The Asia-Pacific region is anticipated to witness the highest growth rate in the medical technology market over the next decade."

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Statistic 10

"The U.S. minimally invasive surgery market was valued at USD 20.5 billion in 2020."

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Statistic 11

"Expenditure on medical technology in Europe per capita ranged from around EUR 20 in Bulgaria to more than EUR 300 in Germany as of 2020."

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Statistic 12

"The global medical technology industry is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2021 to 2028."

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Statistic 13

"The United States is the largest medical device market in the world, with a market size of around USD 156 billion."

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Statistic 14

"Nearly 6,500 medical device companies in the United States employ over 350,000 people."

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Statistic 15

"In 2021, there were around 723,000 people employed in the medical device manufacturing industry in the U.S."

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Statistic 16

"The diagnostics subsector in the medical technology industry is projected to grow at a CAGR of 12.4% from 2021 to 2028."

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Statistic 17

"The medical imaging segment held the largest share of the global medical technology market in 2020, accounting for about 23% of the total market."

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Statistic 18

"The global market for home healthcare is projected to reach USD 515.6 billion by 2027."

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Statistic 19

"The surgical robots market is projected to reach USD 6.5 billion by 2023."

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Statistic 20

"In the U.S., regulatory approval for medical devices typically takes around three to seven years."

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