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Medical Device Market Outlook 2022 - 2026

Daily Updated Industry Statistics and Top Emerging Trends about the Medical Device Industry

European Medical Device Trends in 2022

Medical Device is part of Healthcare and includes a number of sub-sectors such as Diagnostic Imaging, Orthopedics, Eyewear and In Vitro Diagnostics. You may also be interested in Medical Supply, Maternal Health and Reproductive Health.

Medical product expenditure in Europe is set to reach around €173 billion by 2026. This is up from €162 billion in 2021, with an average year-on-year growth of 1.1%. Since 2016, Europe's demand for medical products has increased by 2.3% annually. Germany is leading the way in medical product expenditure with €47 billion in 2021. France, the UK and Italy follow in second, third and fourth place respectively. Greece has seen year-on-year growth of 12.5%, while Cyprus has seen an 8% drop since 2016.

Top 10 countries

In 2022 major markets in the Medical Device Industry were:

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