GITNUX MARKETDATA REPORT 2024

Medtech Industry Statistics

The medtech industry continues to grow rapidly with increasing demand for innovative medical technologies and devices worldwide.

Statistic 1

"There are over 6,500 medtech companies in Europe."

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Statistic 2

"By 2030, it's estimated there will be 28 million active medical technology devices worldwide."

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Statistic 3

"The U.S. medical device industry employed over 300,000 people in 2020."

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Statistic 4

"The electronic health record (EHR) market is estimated to reach $33.41 billion by 2025."

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Statistic 5

"The top 10 medtech companies accounted for 40% of the global market share in 2020."

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Statistic 6

"The wearable medical device market is expected to grow at a CAGR of 20.5% from 2021 to 2028."

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Statistic 7

"The use of AI in medical imaging can lead to a 20% increase in detection rates."

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Statistic 8

"Medtech sector product launches increased by 20% in 2020 compared to 2019."

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Statistic 9

"The average R&D expenditure for a top medtech company is around 7% of its total revenue."

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Statistic 10

"U.S. medtech exports totaled over $50 billion in 2020."

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Statistic 11

"The global telemedicine market size was valued at $41.4 billion in 2019 and is expected to grow at a CAGR of 15.1% from 2020 to 2027."

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Statistic 12

"The U.S. is the largest medical device market globally, accounting for approximately 40% of the total market."

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Statistic 13

"The global medical devices market is projected to reach USD 612.7 billion by 2025."

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Statistic 14

"Digital health investments reached a record $21.6 billion in 2020."

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Statistic 15

"China’s medtech market is forecasted to grow at an annual rate of 6.8% from 2021 to 2025."

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Statistic 16

"FDA approved 54 novel medical devices in 2020."

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Statistic 17

"Over 90% of U.S. medtech companies are small and medium-sized enterprises (SMEs)."

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Statistic 18

"Approximately one-third of all successful medtech innovation comes from smaller entities."

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Statistic 19

"The U.S. medtech industry invested $18.5 billion in R&D in 2020."

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Statistic 20

"The global medical technology industry was valued at over USD 430 billion in 2020."

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