Key Market Indicators
Romania's medical technology density is projected to climb to approximately 604 units by 2028, up from 458 units in 2023. This marks a compound annual growth rate (CAGR) of 4.4%. The country's supply has been on an upward trajectory since 2012, with an annual increase of 8.2%. In 2023, Romania ranked eighth globally in medical technology density, with Greece surpassing it at the same 458 units. Leading the rankings were Russia, Italy, and South Korea, occupying the second, third, and fourth positions, respectively. On the expenditure front, Romania's medical product spending is expected to reach a staggering €10.7 billion by 2028, up from €8.7 billion in 2023. This signifies a CAGR of 3.3%. Romanian demand for medical products has seen a robust annual growth of 14.7% since 2000. In 2023, Romania held the seventh spot globally in medical product expenditure, with Spain overtaking it at the same €8.7 billion mark. France, the United Kingdom, and Poland were the leading countries in this category, coming in second, third, and fourth, respectively.
