Worldwide research and development spending growth rate in medical technology from 2012 to 2024

Growth rate in research and development spending in global medtech 2012-2024 This statistic depicts the growth rate in worldwide research and development spending in medical technology between 2012 and 2024. Between year-end 2012 and year-end 2013, research and development spending increased by 3.4 percent.
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Growth rate
20123%
20133.4%
20142.6%
20151.5%
20165.4%
20174.7%
2018*4.8%
20194.3%
20204.8%
20214.6%
20224.4%
20234.2%
20244.2%
Growth rate
20123%
20133.4%
20142.6%
20151.5%
20165.4%
20174.7%
2018*4.8%
20194.3%
20204.8%
20214.6%
20224.4%
20234.2%
20244.2%
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Description Source More information
This statistic depicts the growth rate in worldwide research and development spending in medical technology between 2012 and 2024. Between year-end 2012 and year-end 2013, research and development spending increased by 3.4 percent.
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Release date
September 2018
Region
Worldwide
Survey time period
2012 to 2018
Supplementary notes
Statistic is based on the top 300 medtech companies. R&D spend in 2017 based on company reported data. Forecast medtech R&D spend based on a consensus of leading equity analysts’ estimates for company level R&D spend, extrapolated to medtech R&D when a company has non-medtech R&D activity. Medtech R&D is not disclosed by a number of companies and this analysis is limited to those companies with sufficient disclosure.
* From 2018 on projected.
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