Key Market Indicators
Luxembourg's medical technology density is projected to reach 16 units by 2028, up from 15 units in 2023, with an average annual growth rate of 1.3%. Since 1985, the country's supply has increased by 8.5% each year. In 2023, Luxembourg was ranked 15th, with Estonia surpassing it at 15 units. Leading the rankings were Russia, Italy, and South Korea, in second, third, and fourth positions respectively. In terms of medical product expenditure, Luxembourg is expected to reach €255 million by 2028, up from €232 million in 2023, growing at an average rate of 1.5% per year. Since 2000, the country's demand has risen by 2.2% annually. In 2023, Luxembourg was ranked 29th, with Estonia overtaking it at €232 million. France, the United Kingdom, and Poland held the second, third, and fourth spots respectively.
