Here's a snapshot of payment practices across Life Sciences and Medical Technology sectors:
While the sector demonstrates a slight increase in payment performance between 2024 and 2025, the 2.3-point improvement is relatively small, suggesting the underlying payment challenges within the industry are proving difficult to shift. This indicates consistent but slow adjustments in payment terms or efficiency in processing invoices in the sector. Use this late payment calculator to see how late payments can affect your profitability.
In a single line: Payment performance in Life Sciences & MedTech crept up from 60.8 (out of 100) across 113 firms in 2024 to 63.1 across 99 firms in 2025.