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Medical Devices

The Austrian Medical Device Sector 2018

High resolution close up image of a microscopeAustria is among the top ten countries with the highest health expenditure as a share of the gross domestic product (GDP). According to the OECD Health Statistics 2018, Austria spent about 10.4% of its GDP in 2016 on health – and this number continues to grow. The medical device industry forms a cor-nerstone of the country’s health sector.

Medical device industry continues upward trend

In 2017, a total of 554 companies were active in the Austrian medical device industry. This marks an increase of 14% compared to 2014 (487 companies). Among the 554 medtech companies, there are 171 socalled ‘research, development or manufacturing medical device companies’ which are divided into the ‘dedicated medical device companies’ and the ‘other medical device companies’ (for methodology, see page 48). Compared to 132 such companies recorded in 2014, this is a significant increase of 30%. Another major part of the medical device business in Austria are suppliers, service providers and sales companies. Their number has also increased since 2014: While there were 355 such companies in 2014, there were 383 in 2017.

With a workforce of 26,630 employees, the medical device industry is an increasingly important pillar in the Austrian Job market. In 2017, the combined turnover of all companies in the field was at 8.44 billion euros – 13% more than in 2014. 2.69 billion euros of this was generated by the research, development or manufacturing companies, and 5.75 Billion euros by the suppliers, service providers and sales companies. These numbers show a strong economic power of the medical devices industry in Austria.

You can learn more about the Austrian Medical Technology Sector in the Life Science Report Austria 2018.