The medical technology industry—often referred to as medtech—comprises the companies that develop, manufacture, and distribute the technologies, devices, equipment, diagnostic tests, and health information systems that are transforming health care through earlier disease detection, less-invasive procedures, and more effective treatments.
Life-changing medical technologies allow millions of people to live longer, healthier, and more productive lives. The research and innovation to develop these cutting-edge technologies allows the U.S. to continue leading the world in medical advancements. From prosthetics to radiation therapies, medtech changes healthcare for the benefit of patients and health care providers. Our technologies improve quality of life, reduce time spent in hospitals and help loved ones beat life-threatening diseases.
What is a Medical Device?
A medical device is an instrument, apparatus, implant, machine, tool, in vitro reagent, or similar article that is to diagnose, prevent, mitigate, treat, or cure disease or other conditions, and, unlike a pharmaceutical or biologic, achieves its purpose by physical, structural, or mechanical action but not through chemical or metabolic action within or on the body.
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