The sector accounts for more than 10 percent of GDP growth in most developed countries. The number of different medical products – latex gloves, pregnancy tests, or even orthopedic implants – amounts to 500,000, and the aging population of the Earth means a constantly growing demand for the industry.
- The innovation power of Hungary, Slovakia, and Poland is low. This increases the gap between Central and Eastern European economies and the biggest innovator countries. Accordingly, in 2022, the three countries ranked 21st, 23rd and 24th in the annual European innovation ranking of the European Commission.
The health industry stands out somewhat from the region’s solid innovation average. The sector stands out among manufacturing industries with its high R&D expenditure and its portion of patents. According to data from Hungarian Intellectual Property Office, in Hungary, one-third of all valid patents, 33.5 percent, were concentrated in a single field of expertise, pharmaceuticals, representing 11,984 valid pharmaceutical patents.
The healthcare industry is a priority area for Central European Automation Holding (CEAH); therefore, it offers comprehensive solutions from development to production, logistics, monitoring, quality control, and process control.