Key Market Indicators
Maltese spending on medical products is projected to soar to approximately €206 million by the year 2028, marking a steady increase from the current €180 million in 2023. This growth signifies a compound annual growth rate (CAGR) of 2.2%. Since the turn of the millennium, demand for medical products in Malta has consistently risen, with an average annual growth rate of 5.5%. In the global ranking for 2023, Malta holds the 30th position, with Luxembourg slightly ahead at the same €180 million mark. The leading countries in this sector include France, the United Kingdom, and Poland, occupying the second, third, and fourth spots respectively.
