MedTech Europe’s 2022 Report: Germany Top For Medical Device And IVD Sales

MedTech Europe’s 2022 annual facts and figures report shows that Europe’s 2021 medical device and in vitro diagnostics (IVD) market was worth €150 billion ($148 billion). This represents a 27.3% global market share, which is the second largest in the world behind the US. The report defines Europe as including the 27 EU member states, as well as Norway, Switzerland and the UK.

According to the trade body’s report, this compares with the US global market share of 43.5%. Within Europe, Germany has the largest medical device market share by quite a...