MedTech Sector

Support for Investors:
Centre for Strategic Investment
e-mail: invest@paih.gov.pl

Large, fast-growing domestic market

• Large, aging population - 38.3m
  
• Largest CEE medical device market - USD 11bn, forecast to reach USD 13.8bn in 2024
  
• Growing private healthcare sector - 7% CAGR in years 2016-2021
  
• Highest health expenditure in CEE - USD 38.2bn
  
• Market growing at 10.1% CAGR 2019-2024 in USD terms - 2x the Global CAGR
  
• 6,2% of GDP spent on healthcare going up to 7% by 2027 according to the Government’s policy
  

Attractive MedTech hub

• EU membership
  EU member since 2004 with strong links to eurozone, ensuring same quality standards
• Most resilient to COVID crisis in the EU
  Polish economy reported the smallest drop in GDP dynamics among the EU countries
• Fast exports growth
  Growing MedTech production, with exports increasing by 18.9% in 2018
• 4th largest talent pool in EU
  Availability of highly skilled employees, large and well educated labor force
• Fast-growing domestic companies
  Revenues of domestic companies increased by 30% between 2014 and 2018
• >80% of train transports between China-EU go through Poland
  Logistics bridge between East and West, proximity to customers
  

Sources: OECD statistics; Press research; Puls Biznesu and Spotdata Report “Polish MedTech - chances and illustions”; Bloomberg; InfoCredit

Innovation booster

• Regulations in line with EU legislation
  
• Governmental incentives for R&D
  
• Large MedTech student pool
  
• Big testing base - 11 million patients a year
  
• High growth of R&D centers, +300 in past few years
  
• Synergies with strong IT sector
  
  

"Poland’s overlapping business hours with all of our R&D centres around the world definitely facilitates flawless global operations."

Frank Konings, COO, Johnson & Johnson

Lively Polish MedTech environment

• CRO R&D
  Total CRO: 50
  Paraxel, ICON, Novartis, PRA, PSI, Roche, Pfizer
  
• Startups
  Around 100 MedTech startups
  Among others - StethoMe, Pregnabit, MedApp
  
• Universities
  + 64 thousand medical students each year
  Dedicated MedTech studies: 3D Technologies in Medicine, Biocybernetics, Bioengineering, Neuroinformatics, IT in Medicine&Pharma
  

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