Key Market Indicators
Luxembourg's expenditure on medical products is projected to hit €253 million by 2028, climbing from €232 million in 2023. The annual growth rate is expected to average 1.4%. Since the turn of the century, the nation's demand for medical products has been rising steadily, with an average annual increase of 2.2%. In 2023, Luxembourg was ranked 15th globally in terms of medical product expenditure. Estonia narrowly surpassed Luxembourg with the same expenditure of €232 million. Leading the rankings, France, Italy, and Spain secured the second, third, and fourth positions, respectively.
