The medical devices sector is a major employer in Europe: it employs more than 575,000 people in over 22,500 companies and has an annual turnover of €110 billion. The sector is driven by small and medium-sized companies, which make up almost 95% of the industry.
About 6-8% of medical devices’ annual sales and 10% of in vitro devices’ annual sales is re-invested in research every year.

Source EU database