Key Market Indicators
Lithuania's medical technology density is projected to reach 95 units by 2028, up from 85 units in 2023. This represents an average annual growth rate of 1.8%. Since 2005, the country's supply has increased by 4.6% each year. In 2023, Lithuania ranked 12th globally, with Finland leading at 85 units. Russia, Italy, and South Korea held the 2nd, 3rd, and 4th positions, respectively. Meanwhile, Lithuanian medical product expenditure is expected to climb to €1,430 million by 2028, from €1,250 million in 2023. This indicates a compound annual growth rate (CAGR) of 2.1%. Since 2000, the country's demand has surged by 8.9% annually. In 2023, Lithuania was ranked 21st, with Hungary slightly ahead, also at €1,250 million. France, the United Kingdom, and Poland took the 2nd, 3rd, and 4th spots, respectively.
Lithuania Medical Device Market Data and Forecasts
How much will Lithuania Medical Device Market grow to 2028?
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