Industry Statistics and Trends
Medical & Dental Instrument & Supplies Manufacturing in Europe key trends
Europe produces advanced equipment, but imports present a threat.
European manufacturers' advanced medical and dental equipment is favoured due to its quality and reliability. More affordable devices from countries like China and Malaysia are beginning to infiltrate the European market.
COVID-19 raises demand for some medical products.
The effects of the COVID-19 pandemic have been mixed, as although essential medical products like ventilators soared in demand, sales of non-essential supplies were suppressed, with consumers avoiding health check-ups.
European manufacturers lead the way in innovative products.
Substantial investments in R&D across Europe help manufacturers produce high-end equipment and boost efficiencies. 3D printing technology is transforming medical and dental manufacturing by allowing the production of customised instruments and implants.
Strict EU regulations, like the MDR and IVDR, are detrimental to manufacturers.
These increased regulations escalate costs and hinder innovation. As a result, manufacturers might move production and target less regulated regions like Southeast Asia.
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Medical & Dental Instrument & Supplies Manufacturing in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Medical & Dental Instrument & Supplies Manufacturing in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 2.9 % over the past five years, to reach an estimated €127.7bn in 2024.
Trends and Insights
Greater demand for healthcare and solid healthcare funding support medical and dental equipment manufacturers
- A growing and ageing population are creating substantial demand for healthcare services. Older people require medical services more often and are more prone to illnesses.
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Medical & Dental Instrument & Supplies Manufacturing in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
Older demographics will continue to bring benefits
- A rising number of Europeans aged 65 and over will provide consistent demand for healthcare services, driving medical and dental instrument manufacturers’ sales.
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Revenue
€127.7bn
Employees
631k
Wages
€XX.Xbn
European Leaders & Laggards
Top 5 Countries
- Bosnia & Herzegovina +10.2%
- United Kingdom+8.4%
- Romania +6.5%
- Switzerland +5.8%
- Slovenia +5.8%
* CAGR values are for the years 2019-2024.
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Biggest companies in the Medical & Dental Instrument & Supplies Manufacturing in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Medtronic plc | 2,959.2 | 5,312.9 | 179.5 | |
Johnson & Johnson | 93,972.7 | 21,712.8 | 23.1 | |
Becton, Dickinson and Company Corporation | 20,997.3 | 2,510.0 | 12.0 |
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Medical & Dental Instrument & Supplies Manufacturing in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Medical & Dental Instrument & Supplies Manufacturing industry in Europe in 2024?
The market size of the Medical & Dental Instrument & Supplies Manufacturing industry in Europe is €127.7bn in 2024.
How many businesses are there in the Medical & Dental Instrument & Supplies Manufacturing in Europe industry in 2024?
There are 98,161 businesses in the Medical & Dental Instrument & Supplies Manufacturing industry in Europe, which has grown at a CAGR of 6.2 % between 2019 and 2024.
Has the Medical & Dental Instrument & Supplies Manufacturing industry in Europe grown or declined over the past 5 years?
The market size of the Medical & Dental Instrument & Supplies Manufacturing industry in Europe has been declining at a CAGR of 6.2 % between 2019 and 2024.
What is the forecast growth of the Medical & Dental Instrument & Supplies Manufacturing industry in Europe over the next 5 years?
Over the next five years, the Medical & Dental Instrument & Supplies Manufacturing industry in Europe is expected to decline.
What are the biggest companies in the Medical & Dental Instrument & Supplies Manufacturing market in Europe?
The biggest companies operating in the Medical & Dental Instrument & Supplies Manufacturing market in Europe are Medtronic plc, Johnson & Johnson and Becton, Dickinson and Company Corporation
What does the Medical & Dental Instrument & Supplies Manufacturing in Europe include?
Instruments for medical, surgical or ophthalmic use and Artificial joints, body parts and orthopaedic equipment are part of the Medical & Dental Instrument & Supplies Manufacturing industry.
Which companies have the highest market share in the Medical & Dental Instrument & Supplies Manufacturing in Europe?
The company holding the most market share in Europe is Medtronic plc.
Which countries have the most businesses in the Medical & Dental Instrument & Supplies Manufacturing industry in Europe?
The European country with the most businesses in the Medical & Dental Instrument & Supplies Manufacturing industry is Italy.
How competitive is the Medical & Dental Instrument & Supplies Manufacturing industry in Europe?
The level of competition is moderate and increasing in the Medical & Dental Instrument & Supplies Manufacturing industry in Europe.
Related Industries
This industry is covered in 37 countries
- Medical & Dental Instrument & Supplies Manufacturing in Luxembourg
- Medical & Dental Instrument & Supplies Manufacturing in Russia
- Medical & Dental Instrument & Supplies Manufacturing in Slovakia
- Medical & Dental Instrument & Supplies Manufacturing in Poland
- Medical & Dental Instrument & Supplies Manufacturing in Cyprus
- Medical & Dental Instrument & Supplies Manufacturing in Estonia
- Medical & Dental Instrument & Supplies Manufacturing in Iceland
- Medical & Dental Instrument & Supplies Manufacturing in Europe
- Medical & Dental Instrument & Supplies Manufacturing in Greece
- Medical & Dental Instrument & Supplies Manufacturing in Romania
- Medical & Dental Instrument & Supplies Manufacturing in Norway
- Medical & Dental Instrument & Supplies Manufacturing in Switzerland
- Medical & Dental Instrument & Supplies Manufacturing in Finland
- Medical & Dental Instrument & Supplies Manufacturing in Slovenia
- Medical & Dental Instrument & Supplies Manufacturing in Bulgaria
- Medical & Dental Instrument & Supplies Manufacturing in Spain
- Medical & Dental Instrument & Supplies Manufacturing in Portugal
- Medical & Dental Instrument & Supplies Manufacturing in Serbia
- Medical & Dental Instrument & Supplies Manufacturing in Italy
- Medical & Dental Instrument & Supplies Manufacturing in Czechia
- Medical & Dental Instrument & Supplies Manufacturing in Sweden
- Medical & Dental Instrument & Supplies Manufacturing in Turkey
- Medical & Dental Instrument & Supplies Manufacturing in Latvia
- Medical & Dental Instrument & Supplies Manufacturing in Bosnia & Herzegovina
- Medical & Dental Instrument & Supplies Manufacturing in Austria
- Medical & Dental Instrument & Supplies Manufacturing in France
- Medical & Dental Instrument & Supplies Manufacturing in Lithuania
- Medical & Dental Instrument & Supplies Manufacturing in the Netherlands
- Medical & Dental Instrument & Supplies Manufacturing in Belgium
- Medical & Dental Instrument & Supplies Manufacturing in Hungary
- Medical & Dental Instrument & Supplies Manufacturing in Denmark
- Medical & Dental Instrument & Supplies Manufacturing in Malta
- Medical & Dental Instrument & Supplies Manufacturing in Croatia
Table of Contents
About this industry
Industry definition
Industry companies manufacture laboratory apparatus, surgical and medical instruments, surgical appliances and supplies, dental equipment and supplies, orthodontic goods, dentures and orthodontic appliances. Ophthalmic goods manufacturing, like eyeglasses and contact lenses, is included. Medical and dental furniture manufacturing is also included, where the additional specific functions determine the purpose of the product, like dentist’s chairs with built-in hydraulic functions. The industry excludes the manufacture of denture adhesives, the manufacture of electrotherapy equipment and electromedical equipment and the activities of opticians.
Related Terms
OPHTHALMIC INSTRUMENTS DIAGNOSTIC IMAGING CATHETERORTHOPAEDICSWhat's included in this industry?
Instruments for medical, surgical or ophthalmic useArtificial joints, body parts and orthopaedic equipmentDental products and instrumentsProducts and parts related to eye careFurnitureSurgical sterilisersRespiration apparatus Ostomy appliancesSpeech aidsAccessories of pacemakers and other parts of medical devicesCompanies
Medtronic plcJohnson & JohnsonBecton, Dickinson and Company CorporationIndustry Code
325 - Manufacture of medical and dental instruments and supplies in Europe
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Performance
Key Takeaways
Greater demand for healthcare and solid healthcare funding support medical and dental equipment manufacturers
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Medical & Dental Instrument & Supplies Manufacturing in Europe industry (2011 -2029)
- Employees in the Medical & Dental Instrument & Supplies Manufacturing in Europe industry (2011 -2029)
- Business in the Medical & Dental Instrument & Supplies Manufacturing in Europe industry (2011 -2029)
- Profit in the Medical & Dental Instrument & Supplies Manufacturing in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Medical & Dental Instrument & Supplies Manufacturing in Europe industry?
Outlook
Analysis
What's driving the Medical & Dental Instrument & Supplies Manufacturing in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Medical & Dental Instrument & Supplies Manufacturing in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Medical & Dental Instrument & Supplies Manufacturing in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
3D printing opens up opportunities for manufacturers. Manufacturers increasingly use 3D printing to enhance efficiency, save costs and reduce waste. The technique allows the creation of customised equipment or components, fast prototyping for R&D and the fabrication of complex configurations.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Medical & Dental Instrument & Supplies Manufacturing in Europe industry's products and services performing?
Analysis
What are innovations in the Medical & Dental Instrument & Supplies Manufacturing in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Medical & Dental Instrument & Supplies Manufacturing in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
The market is fragmented, with many manufacturers spread across Europe. No single company holds a significant enough market share to dominate, but a few global companies, like Medtronic, Siemens and Baxter, have operations across many European countries.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for Medtronic plc
- Countries of operation for Johnson & Johnson
- Countries of operation for Becton, Dickinson and Company Corporation
- Countries of operation for Siemens Healthineers AG
- Countries of operation for B. Braun SE
- Countries of operation for Baxter International Inc.
- Countries of operation for Koninklijke Philips NV
- Countries of operation for Boston Scientific Corporation
- Countries of operation for Institut Straumann AG
- Countries of operation for Cefla s.c.
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Stringent new EU regulations come into force. The EU’s MDR and IVDR came into force in 2021 and 2022, respectively, heightening the requirements for medical and dental instruments and supplies manufacturers. This has resulted in significant compliance costs.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Medical & Dental Instrument & Supplies Manufacturing in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Pricing pressures and regulation constrain profit. Manufacturers’ profitability is being squeezed by increased import competition and rising compliance costs with strict EU regulations. Geopolitical tension and higher production costs have hindered profit further.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Medical & Dental Instrument & Supplies Manufacturing in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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