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The medical device market in the U.S is the largest in the world with a market size of near $156 billion that is around 40 percent of the medical technology market with U.S. exports over $41billion in 2017 the Department of Commerce shows.

Medical Technology

The medical technology or medical devices industry is made up of articles, instruments, apparatuses, or machines that are used in the prevention, diagnosis or treatment of illness or disease, or for detecting, measuring, restoring, correcting, or modifying the structure or function of the body for some health purpose. In other words medical treatment that is not reliant soley on pharmacological, immunological, or metabolic means.

"Compared to several other industries including automotive, defense, and telecommunications, the medical device industry invests a higher percentage of yearly revenues into product innovation, reflecting the competitive nature of the industry and constant innovation and improvement of existing technologies. The medical device industry relies on several industries where the United States holds a competitive advantage, including microelectronics, telecommunications, instrumentation, biotechnology, and software development.

Collaborations have led to recent advances including neuro-stimulators, stent technologies, biomarkers, robotic assistance, and implantable electronic devices. Since innovation fuels the medical device sector's ongoing quest for better ways to treat and diagnose medical conditions, when coupled with patient life expectancy increasing and aging populations globally, the medical device sector should continue growing at a positive rate in the future."

Recent active Healthcare companies in the medical device industry include:

"A disruptive market of $410 billion until 2023... Software plays a big part in this shift as a differentiator in medical devices as well as the manufacturing of portable devices used by the end user." Forbes on Medical devices

From The TradersCommunity Research Desk

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