Following the inauguration of its new government, Hungary is in a phase of economic restructuring, characterized by major modernization projects and noticeable dynamism in key industries, particularly in the field of medical technology.
The Hungarian medical technology market is one of the largest in Central and Eastern Europe. In 2025, a market volume of around USD 1.3 billion was achieved. According to FitchSolutions, the market is expected to grow by 4.5% annually until 2030. Key drivers are the economic recovery, the aging population, and planned investments in the healthcare sector.
A central feature of the market is its strong dependence on imports. Around 82 percent of medical technology products are imported. The most important supplier countries are Germany, Austria, and the Netherlands. Particularly in demand are consumables, imaging diagnostic systems, patient aids, and other medical devices.
The new government of the Tisza Party plans comprehensive health reforms and aims to increase health spending to 7 percent of GDP by 2030. Planned measures include new regional hospitals, modern surgical centers, and better outpatient care. This creates additional business opportunities for providers of diagnostic, imaging, anesthesia, and monitoring technologies. However, the private health sector is also becoming increasingly important as the population's income rises, particularly in orthopedic treatments.
In October, a Hungarian delegation consisting of representatives from medical technology companies will visit the Free State. You will have the opportunity to meet the guests at a networking dinner in Erfurt. Further details will be available soon on our Website.
