40 percent increase
The U.S. is the largest medical device market in the world, comprising over 40% of the global medtech market.

$1.1 billion
U.S. exports of medtech have consistently outpaced imports, including a trade surplus of over $1.1 billion in 2017.

5 year
Advanced medical devices and diagnostics allow people to live longer, healthier, more productive, and independent lives. From 1980-2017, 5 years were added to the U.S. life expectancy thanks to advancements in medical technology.

60 percent decrease
Since 1980, there has been a 60% decrease in the number of patient-days spent in hospitals thanks to medical technologies.

Our Industry
Medical technology innovators are committed to providing physicians and other health care providers with the best tools to diagnose and treat patients. This commitment drives over 6,500 medtech companies in the U.S., which are mostly small- and medium-sized enterprises, to create medical miracles every day.

Industry Facts
These companies, most with fewer than 100 employees, are in the highly competitive business of creating constant progress through constant innovation.

Our innovations help patients worldwide live longer, healthier and more productive lives.
We improve the efficiency of health care systems through earlier disease detection and more effective treatments that reduce the economic burden of disease and the cost of care.

We drive economic growth by creating high-paying manufacturing jobs in the U.S. and through net exports to other countries around the world.
The market for our products is highly competitive, which helps keep our prices low.

Medical technology saves lives, improves patient outcomes and helps lower the overall cost of health care. It is also one of America’s strongest and fastest-growing manufacturing sectors, creating and producing medical innovations for use around the world—and providing good-paying jobs across the country.

Medical Technologies - Video