U.S. Medtech Manufacturing: A Global Leader in Innovation, Jobs, and Manufacturing Strength
The U.S. medtech industry stands as a powerhouse of innovation, economic impact, and global competitiveness. With over $250 billion in annual output, it supplies roughly 70% of the domestic market and supports nearly three million American jobs—directly and indirectly—through 16,000 manufacturing facilities across all 50 states. Medtech jobs have grown at three times the pace of overall manufacturing since 2018, offering an average salary of $97,000. A leader in research and development, the industry invests over $20 billion annually to fuel rapid innovation cycles, with new product variants often hitting the market every 1–2 years. Globally, the U.S. exported $80 billion worth of medtech in 2024—more than automobiles or semiconductors—and enjoys trade surpluses with many major economies. While approximately 30% of the U.S. market relies on imports, most come from trusted partners in North America and Europe. The U.S. medtech footprint is strong, strategic, and indispensable.