Production value of the medical and dental instruments industry in Italy 2017-2021

In 2017, the production value of the medical and dental instruments manufacturing industry was equal to 7,619 million euros. According to the data provided by Prometeia, the value was expected to gradually increase until 2021, when it was forecasted to reach 8,660 million euros. Not only the production, but also the number of employees of this industry was forecasted to increase over time.  

Annual production growth rate of the medical instruments manufacturing industry

The greatest production growth was registered between 2016 and 2017, when it increased by 6.9 percent . As it was already stated above, the production was expected to keep on growing in the following years, yet less remarkably than it did in 2017.  

Profitability of the medical instruments manufacturing industry 

Also, the profitability of this branch of the manufacturing industry was at its highest in 2017. In fact, the average return on investment (ROI) and the return on equity (ROE) of the industry peaked in 2017 and they were expected to gradually decrease in the following years. In 2017, the medical and dental instruments manufacturing industry generated a ROI of 13.3 percent and a ROE equal to 10.5 percent.