The industry of medical technology is diverse, covering a wide spectrum from laboratory supplies, diagnostic devices, from orthopedic braces to dental implants.
At present, the global medical technology market is estimated to be valued at EUR184 billion. The market leaders - USA, Europe and Japan - account for 80% of this market. The United States alone produces EUR79 billion from this industry.
Market growth in the recent years has been steady, at 8-10% per year. The European medical technology market is booming at 16% growth.
Market segments that are experiencing more rapid growth present opportunities for industry players. These segments include dental implants, orthopedics, and hearing devices.
