Worldwide revenue of MedTech industry 2007-2024

Published by
Conor Stewart,
Oct 6, 2023
Between 2007 and 2021, the revenue generated by the medical technology industry worldwide boomed. According to the data, in 2007 the sales of medical technologies generated revenue of 295 billion euros, while by 2021 this figure reached 536 billion euros. Revenue from medical technologies was forecast to grow even further in the following years, reaching 633 billion euros by 2024. Medical technology include both medical devices and in vitro diagnostics.

Worldwide revenue of medical technology industry from 2007 to 2021, with a forecast for 2024 (in billion euros)

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Release date

April 2022

Region

Worldwide

Survey time period

2007 to 2024

Supplementary notes

*Estimated

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