Over the last two observations, the revenue is forecast to significantly increase in all segments. Concerning the two selected segments, the segment Medical Devices has the largest revenue with 14.07 billion euro. Contrastingly, In Vitro Diagnostics is ranked last, with 2.73 billion euro. Their difference, compared to Medical Devices, lies at 11.34 billion euro.
Data provided by Statista Market Insights are estimates.
Definition: The Medical Technology market covers devices and products used for prevention, diagnosis, and treatment of diseases. Next to pharmaceuticals, they form the most important category of medical products. The most well known medical technology products are, among others, pacemakers, imaging instruments, dialysis machines, and implants.
Structure: The Medical Technology market consists of two markets, In Vitro Diagnostics (IVD) and Medical Devices. The IVD market covers products used for medical laboratory testing of specimens derived from the human body. The Medical Devices market covers a broad range of products which are further marketed into medical specialties or types of application: Cardiology Devices, Diagnostic Imaging Devices, Orthopedic Devices, Ophthalmic Devices, and General & Plastic Surgery Devices. The Other Medical Devices market provides information on additional areas that are not covered by the main markets.
Additional information: Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.
Company examples: Medtronic, Johnson & Johnson, Abbott Laboratories, Siemens Healthineers. Further information on the key players can be found in the Market Shares boxes.
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Statista. (August 29, 2024). Revenue of the medical technology industry in Italy between 2017 and 2029, by segment (in billion euros) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/forecasts/1394699/medical-technology-market-revenue-by-segment-italy
Statista. "Revenue of the medical technology industry in Italy between 2017 and 2029, by segment (in billion euros)." Chart. August 29, 2024. Statista. Accessed December 23, 2024. https://www.statista.com/forecasts/1394699/medical-technology-market-revenue-by-segment-italy
Statista. (2024). Revenue of the medical technology industry in Italy between 2017 and 2029, by segment (in billion euros). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/forecasts/1394699/medical-technology-market-revenue-by-segment-italy
Statista. "Revenue of The Medical Technology Industry in Italy between 2017 and 2029, by Segment (in Billion Euros)." Statista, Statista Inc., 29 Aug 2024, https://www.statista.com/forecasts/1394699/medical-technology-market-revenue-by-segment-italy
Statista, Revenue of the medical technology industry in Italy between 2017 and 2029, by segment (in billion euros) Statista, https://www.statista.com/forecasts/1394699/medical-technology-market-revenue-by-segment-italy (last visited December 23, 2024)
Revenue of the medical technology industry in Italy between 2017 and 2029, by segment (in billion euros) [Graph], Statista, August 29, 2024. [Online]. Available: https://www.statista.com/forecasts/1394699/medical-technology-market-revenue-by-segment-italy