Key Market Indicators
Estonia's medical technology density is projected to increase to 27 units by 2028, up from 26 units in 2023. This represents an average annual growth rate of 0.8%. Since 2010, the supply of medical technology in Estonia has consistently grown at the same rate of 0.8% each year. In 2023, Estonia ranked 14th in medical technology density, with Latvia just ahead at 26 units. Leading the rankings were Russia, Italy, and South Korea, occupying the second, third, and fourth spots respectively. In terms of medical product expenditure, Estonia is set to reach €388 million by 2028, up from €321 million in 2023. This growth corresponds to a compound annual growth rate (CAGR) of 2.9%. Since 2000, the demand for medical products in Estonia has increased by an average of 5.7% annually. In 2023, Estonia was positioned 28th in medical product expenditure, with Latvia again slightly ahead at €321 million. France, the United Kingdom, and Poland were the top three countries in this ranking.
Estonia Medical Device Market Data and Forecasts
How much will Estonia Medical Device Market grow to 2028?
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