Industry Statistics and Rankings
How does this industry perform in Norway compared to Europe?
Country Benchmarking
Industry Data Norway
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#18 In EuropeBusiness
#27 In EuropeEmployees
#26 In EuropeWages
#17 In EuropeThe Medical & Dental Instrument & Supplies Manufacturing in Norway ranks 18 in Europe with regards to its 2024 revenue (€416.9m). Revenue received by operators in Norway has been low in volatility over the past five-year period, with the average annual change in revenue (10.6 %) most comparable to...
Enterprises
Number of businesses in 2024
Revenue per Enterprise
Value (€ Million) in 2024
Top Questions Answered in this Report
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What is the market size of the Medical & Dental Instrument & Supplies Manufacturing industry in Norway in 2024?
The market size of the Medical & Dental Instrument & Supplies Manufacturing industry in Norway is €416.9m in 2024.
How many businesses are there in the Medical & Dental Instrument & Supplies Manufacturing in Norway industry in 2024?
There are 242 businesses in the Medical & Dental Instrument & Supplies Manufacturing industry in Norway, which has declined at a CAGR of 3.2 % between 2019 and 2024.
Has the Medical & Dental Instrument & Supplies Manufacturing industry in Norway grown or declined over the past 5 years?
The market size of the Medical & Dental Instrument & Supplies Manufacturing industry in Norway has been declining at a CAGR of 10.6 % between 2019 and 2024.
What is the forecast growth of the Medical & Dental Instrument & Supplies Manufacturing industry in Norway over the next 5 years?
Over the next five years, the Medical & Dental Instrument & Supplies Manufacturing industry in Norway is expected to grow.
What are the biggest companies in the Medical & Dental Instrument & Supplies Manufacturing market in Norway?
The biggest companies operating in the Medical & Dental Instrument & Supplies Manufacturing market in Norway are Medtronic plc, Becton, Dickinson and Company Corporation and Siemens Healthineers AG
What does the Medical & Dental Instrument & Supplies Manufacturing in Norway 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.
Which companies have the highest market share in the Medical & Dental Instrument & Supplies Manufacturing in Norway?
The company holding the most market share in Norway is Medtronic plc.
How competitive is the Medical & Dental Instrument & Supplies Manufacturing industry in Norway?
The level of competition is moderate and steady in the Medical & Dental Instrument & Supplies Manufacturing industry in Norway.
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.
What'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 devicesIndustry Code
325 - Manufacture of medical and dental instruments and supplies in Norway
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
Current Performance
Charts
- Revenue in the Medical & Dental Instrument & Supplies Manufacturing in Norway
- Employees in the Medical & Dental Instrument & Supplies Manufacturing in Norway
- Business in the Medical & Dental Instrument & Supplies Manufacturing in Norway
- Profit in the Medical & Dental Instrument & Supplies Manufacturing in Norway
Current Performance
Analysis
How does this country's performance compare to Europe?
Life Cycle
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
International Trade
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
ANALYSIS
What is the competitive landscape in Europe?
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 Norway 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 Norway 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?
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