Industry Statistics and Rankings
How does this industry perform in Cyprus compared to Europe?
Country Benchmarking
Industry Data Cyprus
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#34 In EuropeBusiness
#32 In EuropeEmployees
#35 In EuropeWages
#34 In EuropeAs the population expands and healthcare spending grows, medical and dental instruments and supplies manufacturers in Europe enjoy good demand. An ageing population across European nations and rising chronic disease cases fuel demand for healthcare services. However, manufacturers also face challenges, including strict regulatory burdens and intense competition. Revenue is expected to contract at a compound annual rate of 2.9% to €127.7 billion over the five years through 2024, including a drop of 0.3% in 2024. The profit margin is estimated at 16.7%.
Enterprises
Number of businesses in 2024
Biggest companies in the Medical & Dental Instrument & Supplies Manufacturing in Cyprus
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Medical & Dental Instrument & Supplies Manufacturing in Cyprus industry for IBISWorld to include in this product.
Top Questions Answered in this Report
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Medical & Dental Instrument & Supplies Manufacturing industry in Cyprus in 2024?
The market size of the Medical & Dental Instrument & Supplies Manufacturing industry in Cyprus is €6.6m in 2024.
How many businesses are there in the Medical & Dental Instrument & Supplies Manufacturing in Cyprus industry in 2024?
There are 83 businesses in the Medical & Dental Instrument & Supplies Manufacturing industry in Cyprus, which has declined at a CAGR of 0.2 % between 2019 and 2024.
Has the Medical & Dental Instrument & Supplies Manufacturing industry in Cyprus grown or declined over the past 5 years?
The market size of the Medical & Dental Instrument & Supplies Manufacturing industry in Cyprus has been declining at a CAGR of 4.6 % between 2019 and 2024.
What is the forecast growth of the Medical & Dental Instrument & Supplies Manufacturing industry in Cyprus over the next 5 years?
Over the next five years, the Medical & Dental Instrument & Supplies Manufacturing industry in Cyprus is expected to decline.
What does the Medical & Dental Instrument & Supplies Manufacturing in Cyprus include?
Instruments for medical, surgical or ophthalmic use and Artificial joints, body parts and orthopaedic equipment are part of the Medical & Dental Instrument & Supplies Manufacturing industry.
How competitive is the Medical & Dental Instrument & Supplies Manufacturing industry in Cyprus?
The level of competition is moderate and steady in the Medical & Dental Instrument & Supplies Manufacturing industry in Cyprus.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
Complementors
Table of Contents
About this industry
Industry definition
Industry companies manufacture laboratory apparatus, surgical and medical instruments, surgical appliances and supplies, dental equipment and supplies, orthodontic goods, dentures and orthodontic appliances. Ophthalmic goods manufacturing, like eyeglasses and contact lenses, is included. Medical and dental furniture manufacturing is also included, where the additional specific functions determine the purpose of the product, like dentist’s chairs with built-in hydraulic functions. The industry excludes the manufacture of denture adhesives, the manufacture of electrotherapy equipment and electromedical equipment and the activities of opticians.
Related Terms
OPHTHALMIC INSTRUMENTS DIAGNOSTIC IMAGING CATHETERORTHOPAEDICSWhat's included in this industry?
Instruments for medical, surgical or ophthalmic useArtificial joints, body parts and orthopaedic equipmentDental products and instrumentsProducts and parts related to eye careFurnitureSurgical sterilisersRespiration apparatus Ostomy appliancesSpeech aidsAccessories of pacemakers and other parts of medical devicesCompanies
Industry Code
325 - Manufacture of medical and dental instruments and supplies in Cyprus
View up to 0 companies with purchase. View purchase options.
Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Medical & Dental Instrument & Supplies Manufacturing in Cyprus industry?
Outlook
Analysis
What's driving the Medical & Dental Instrument & Supplies Manufacturing in Cyprus industry outlook?
Volatility
Analysis
What influences volatility in the Medical & Dental Instrument & Supplies Manufacturing in Cyprus industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Medical & Dental Instrument & Supplies Manufacturing in Cyprus industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
3D printing opens up opportunities for manufacturers. Manufacturers increasingly use 3D printing to enhance efficiency, save costs and reduce waste. The technique allows the creation of customised equipment or components, fast prototyping for R&D and the fabrication of complex configurations.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Medical & Dental Instrument & Supplies Manufacturing in Cyprus industry's products and services performing?
Analysis
What are innovations in the Medical & Dental Instrument & Supplies Manufacturing in Cyprus industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Medical & Dental Instrument & Supplies Manufacturing in Cyprus industry?
International Trade
Highlights
- Total Imports into Cyprus
- Total Exports into Cyprus
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
The market is fragmented, with many manufacturers spread across Europe. No single company holds a significant enough market share to dominate, but a few global companies, like Medtronic, Siemens and Baxter, have operations across many European countries.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Medical & Dental Instrument & Supplies Manufacturing in Cyprus located?
Companies
Data Tables
Top 0 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Stringent new EU regulations come into force. The EU’s MDR and IVDR came into force in 2021 and 2022, respectively, heightening the requirements for medical and dental instruments and supplies manufacturers. This has resulted in significant compliance costs.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Medical & Dental Instrument & Supplies Manufacturing in Cyprus industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Pricing pressures and regulation constrain profit. Manufacturers’ profitability is being squeezed by increased import competition and rising compliance costs with strict EU regulations. Geopolitical tension and higher production costs have hindered profit further.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Medical & Dental Instrument & Supplies Manufacturing in Cyprus industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.
To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.
France
Italy
Spain