BROWSE THROUGH OUR TRADE FAIRS FOR MEDICAL EQUIPMENT INDUSTRY

Medical Equipment

Overview of the medical equipment industry

The medical devices/equipment sector is a pivotal section of the healthcare industry. It focuses on researching, manufacturing, distributing, and using medical devices. Examples are technologies that aim to prevent, diagnose, or treat diseases. Furthermore, they can detect, measure, restore, correct, or adjust body functions or structures. Such devices do not achieve these goals by pharmacological, immunological or metabolic means. Yet, they can work synergistically with such methods. Thus, the medical device sector has an extensive network. It includes the pharmaceutical, healthcare, laboratory, biotechnology, and wellness sectors. The chemical, manufacturing, and optoelectronics sectors are also linked to it. It likewise has connections to the optics, packaging, IT, and plastics industries. It results in a sector that employs over 880,000 professionals in some regions. They operate in more than 33,000 companies.

Is the industry of high value and innovative?

The medical devices sector is one of the most valuable segments in the industry. For example, it has recently reached a market size of $542.21 billion. Additionally, $4,7 billion was generated during one of the industry’s trade expos. Such events take place in diverse countries. Examples include the Federative Republic of Germany and the United Arab Emirates. They attract tens of thousands of participants. They occur once every one to two years. It ensures that the sector will be up-to-date on the latest challenges.