The industry is seeing different growth across categories.
According to a report by BMI, the global medical device market is expected to grow in the middle of this year, continuing its year-on-year uptrend starting in 2024.
“As expected, the growth of medical device categories is mixed, with low innovative products, causing weaker macroeconomic conditions,” the report said.
Dental and orthopedic categories are witnessing significant growth in key markets due to strategic healthcare investment, technological advances, elevated procedural levels and demographic changes.
Orthopedics has seen a significant expansion in markets such as Ghana, Hong Kong, Ireland and Italy, driven by the demand for advanced medical procedures and the aging population.
Meanwhile, the dental sector grew strongly in parts of Europe, including the Czech Republic, Finland, France and Spain.
It added: “In the Asian and African markets, government initiatives further support growth to enhance healthcare infrastructure and improve access to healthcare services.”
