Value of MedTech
Medical technology companies create life changing innovation. These advanced medical devices and diagnostics allow people to live longer, healthier and more productive lives. That's value. That's Life Changing Innovation.
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Our Industry
Our Industry
Medical technology innovators are committed to providing physicians the best tools to diagnose and treat patients. This commitment drives over 7,000 companies in the U.S. to create medical miracles everyday – leading to an 80% increase in patents for breakthrough medical technologies in the last decade.
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.