The medical device industry is a dynamic, innovative, and heterogeneous sector. The MedTech industry landscape comprises an amalgamation of large as well as numerous small manufacturers that are mainly involved in the research and development of new devices for specific therapeutic areas.
The importance of the MedTech industry can be indicated by the total global market size of the industry which amounts to approximately half a trillion US dollars. The MedTech industry is well established in the United States and Western Europe and is gaining momentum in Asian countries as well.
The industry is well regulated by various government bodies in respective countries such as Food and Drug Administration (FDA’s) Center for Devices and Radiological Health (CDRH) is accountable for regulating firms who manufacture, repackage, re-label, and/or import medical devices sold in the United States.
Through this A Multifactorial Evolution of the MedTech Industry Whitepaper, DelveInsight is representing the…
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