Medical Technology Industry - Statistics & Facts
Statistics and facts about the global medical technology industry
The medical technology industry is an eminent part of the healthcare sector. It includes, most of all, medical devices which simplify the prevention, diagnosis and treatment of diseases and illnesses. The most well known medical technology products are, among others, pacemakers, imaging instruments, dialysis machines and implants. The whole global medical technology industry’s market size stands at some 400 billion U.S. dollars. Established centers of this industry include the United States and Western Europe. But industry trends show that Asia and first of all China, are about to play a more prominent role in the years to come.
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 2015, Johnson & Johnson made some 25.1 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 48 billion U.S. dollars globally, but are forecasted to exceed 70 billion dollars by 2022. Swiss-based pharmaceutical company Roche is the global top manufacturer, generating about nine billion U.S. dollars in worldwide IVD revenue in 2015. It is expected that Roche will further increase its share of the global in vitro diagnostics market from 18 percent in 2015 to nearly 19 percent in 2022.
Photo: istockphoto.com / chromatika
|Revenue of the Fresenius Group in 2016||29.1bn EUR||Details →|
|Revenue of General Electric Healthcare in 2016||18.3bn USD||Details →|
|Revenue of Johnson & Johnson Medical Devices and Diagnostics in 2015||25.1bn USD||Details →|
|Medtronic's total revenue in 2016||28.8bn USD||Details →|
|Projected revenue of Medtronic in 2022||39.9bn USD||Details →|
|IPOs, M&As and funding||Values||Statistic|
|Medtech venture capital investment in the U.S. and Europe||5.6bn USD||Details →|
|Healthcare IT venture capital funding in the U.S.||1.1bn USD||Details →|
|Number of medtech IPOs in 2014-2015||43||Details →|
|Number of medtech mergers and acquisitions in 2016||217||Details →|
|Value of merger and acquisitions in the medtech industry in 2016||42bn USD||Details →|
- Medtech IPOs before and after the financial crisis as of 2015Medtech IPOs before and after the financial crisis as of 2015
Number of medtech IPOs before and after the financial crisis as of 2015
- Global medical technology industry revenue 2009-2015Global medical technology industry revenue 2009-2015
Revenue from the medical technology industry from 2009 to 2015 (in billion U.S. dollars)*
- Medical technology - top 10 companies based on revenue 2015+Medical technology - top 10 companies based on revenue 2015
Top 10 medical technology companies worldwide based on revenue in 2015 (in billion U.S. dollars)
- Revenue of top 20 respiratory brands in the U.S. 2016Revenue of top 20 respiratory brands in the U.S. 2016
- GSK: revenue of Seretide/Advair globally by region 2012-2016GSK: revenue of Seretide/Advair globally by region 2012-2016
- Distribution of global respiratory therapy market by condition 2015-2016Distribution of global respiratory therapy market by condition 2015-2016
- Enterprise value of top contract pharma research organizations in the U.S. 2017Enterprise value of top contract pharma research organizations in the U.S. 2017
- Johnson & Johnson's total revenue 2005-2016Johnson & Johnson's total revenue 2005-2016