Medical Technology Industry - Statistics & Facts
Interesting statistics
In the following 6 chapters, you will quickly find the 41 most important statistics relating to "Medical Technology".
Statistics on the topic
Most of the top medical technology companies come from the United States. Some are only divisions of larger companies, like global leader Johnson & Johnson Medical Devices & Diagnostics, or General Electric Healthcare. In 2017, Johnson & Johnson made nearly 27 billion U.S. dollars through its medtech division, and thus was the top U.S.-based company.
Although medtech revenues kept increasing over the last years, the financial crisis had a negative impact on the industry. This can be shown by reference to the number of IPOs, which after the crisis was distinctly lower than before it. However, starting with 2013, a strong upward trend is visible throughout the industry's IPO activity.
The strongest businesses within the medtech industry are in vitro diagnostics (IVD), cardiology, diagnostic imaging, and orthopedics. In vitro diagnostics currently generate some 53 billion U.S. dollars globally, but are forecasted to reach some 80 billion dollars by 2024. Swiss-based pharmaceutical company Roche is the global top manufacturer, generating about 10.3 billion U.S. dollars in worldwide IVD revenue in 2017. However, it is expected that Roche's share of the global in vitro diagnostics market will decrease from 19.5 percent in 2017 to around 17.8 percent in 2024.
Robot-assisted surgery and surgical robots clearly show how far development in medical technology has come. The implementation of artificial intelligence (AI) in this sector is crucial, showing huge potential for more precise and cost efficient surgical procedures. The global market for surgical robots is estimated to reach nearly 13 billion U.S. dollars in 2025. Recent surveys show that large parts of Americans – especially younger generations - already have confidence in surgical robots and would prefer them.
Overview
Companies
Segments
IPOs, M&As, funding
Costs and utilization
Surgical robots
Important key figures
The most important key figures provide you with a compact summary of the topic of "Medical Technology" and take you straight to the corresponding statistics.
Companies
Segments
- In vitro diagnostics percentage of the total medtech market in 201713%
- Revenue of Sysmex in 20172.3bn USD
- Top producer of diagnostic imaging technology in 2017Siemens
- Smith & Nephew's share of the global advanced wound management market in 201715%
- Zimmer Biomet's share of the global hip and knee implants market in 201733%
IPOs, M&As and funding
- Medtech venture capital investment in the U.S. and Europe in 2017/20188.2bn USD
- Healthcare IT venture capital funding in the U.S.1.1bn USD
- Number of medtech IPOs in 2016-201721
- Number of medtech mergers and acquisitions in 2018186
- Value of merger and acquisitions in the medtech industry in 201827bn USD
Cost and utilization
- Utilization of pacemaker implantable medical devices (per 10,000 Medicare beneficiaries)62
- Utilization of coronary stent implantable medical devices (per 10,000 Medicare beneficiaries)121
- Average cost to a hospital for a hip replacement surgery in Australia19,484 USD
- Number of MRI units per million persons in the U.S. as of 201737.56
- Number of computer tomography (CT) scanners per million persons in Australia64.35
