Devices & Diagnostics

IVD market accounts for more than 10 percent of $132.2B European medtech market

The European medtech market is worth about 100 billion euros (that’s about $132.2 billion if you’re playing at home, folks) and poised to grow about 5 percent a year, according to a new infographic from MedTechWorld. More than nine out of 10 are SMEs and the IVD market there alone accounts for more than 10 […]

By Lindsey Alexander on July 31, 2013

The European medtech market is worth about 100 billion euros (that’s about $132.2 billion if you’re playing at home, folks) and poised to grow about 5 percent a year, according to a new infographic from MedTechWorld. More than nine out of 10 are SMEs and the IVD market there alone accounts for more than 10 percent of this chunk of change.

Check out which companies are on top and which industries are growing across the ocean. Don’t take it for granted–according to MedTec Italy, eight of the top 20 medtech companies hail from the Old Countries.