This statistic displays the amount spent worldwide on research and development in medical technology between 2011 and 2024. In 2017, some 28.6 billion U.S. dollars were spent on R&D in total medtech worldwide. Medical technology is used for diagnosis, monitoring, or treatment of diseases or medical conditions.
Worldwide research and development spending in medical technology from 2011 to 2024
(in billion U.S. dollars)
Statistic is based on the top 300 medtech companies. R&D spend in 2017 based on company reported data. Forecast medtech R&D spend based on a consensus of leading equity analysts’ estimates for company level R&D spend, extrapolated to medtech R&D when a company has non-medtech R&D activity.
Medtech R&D is not disclosed by a number of companies and this analysis is limited to those companies with sufficient disclosure.
* Forecast.
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Evaluate. (September 28, 2018). Worldwide research and development spending in medical technology from 2011 to 2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/309297/worldwide-medtech-research-and-development-spending/
Evaluate. "Worldwide research and development spending in medical technology from 2011 to 2024 (in billion U.S. dollars)." Chart. September 28, 2018. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/309297/worldwide-medtech-research-and-development-spending/
Evaluate. (2018). Worldwide research and development spending in medical technology from 2011 to 2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/309297/worldwide-medtech-research-and-development-spending/
Evaluate. "Worldwide Research and Development Spending in Medical Technology from 2011 to 2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 28 Sep 2018, https://www.statista.com/statistics/309297/worldwide-medtech-research-and-development-spending/
Evaluate, Worldwide research and development spending in medical technology from 2011 to 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/309297/worldwide-medtech-research-and-development-spending/ (last visited November 21, 2024)
Worldwide research and development spending in medical technology from 2011 to 2024 (in billion U.S. dollars) [Graph], Evaluate, September 28, 2018. [Online]. Available: https://www.statista.com/statistics/309297/worldwide-medtech-research-and-development-spending/
