While an improvement is evident, the 4.1-point increase between 2020 and 2025 suggests a slow pace of change in payment behaviors within the Life Sciences and Medical Technology sectors; the decrease in sample size may indicate industry consolidation or a shift in focus for data collection. This marginal progress highlights the need for businesses to actively monitor and manage their payment cycles, tools like this late payment calculator can help calculate the impact of delayed payments.
In summary, payment practices in Life Sciences and MedTech showed a minor improvement, shifting from an average score of 59.0 (out of 100) in 2020 to 63.1 in 2025.
© 2026 Payment Check Ltd
Registered Address: 3rd Floor Suite 207 Regent Street London W1B 3HH
Made by Alastair Campbell