About the industry

Value of Medical Technology

Medical technologies can save lives, improve health and contribute to sustainable healthcare. Through innovative devices and diagnostics, the industry delivers value to patients, healthcare professionals, and healthcare systems and society. Medical technology companies are also drivers of economic growth and job creation across Europe.

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icon we help patientsWe help PATIENTS

Medical technologies enable the early and accurate diagnosis of health problems, facilitating timely intervention and improving outcomes. Innovative products can replace, repair and sustain failing body functions, while telemedicine and connected devices allow remote monitoring of patient’s conditions. By accelerating recovery and keeping people healthy, modern medical technologies support people in living full and active lives.

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icon healthcare professionals We support HEALTHCARE PROFESSIONALS

Timely and accurate diagnostic information empowers healthcare professionals to make clinical decisions that optimize patient outcomes. By reducing patient recovery times and surgical complication rates, the medical technology sector helps ease the pressure on healthcare professionals by reducing demand. In addition, by freeing healthcare professionals to focus on tasks where they add most value, we support workplace satisfaction.

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icon healthcare systems and societyWe improve HEALTHCARE SYSTEMS AND SOCIETY

By helping citizens to stay socially and economically active, and by preventing serious complications of chronic disease, medical technologies can add value to healthcare systems and to society. Medical technology innovations help to deliver efficiency and enhance the sustainability of healthcare. Our industry is facilitating advances in healthcare deliver by bringing the latest benefits of big data and machine learning to clinics all sizes.

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MedTech Europe Value initiatives

Learn more about the Value of medical technologies and the MedTech Europe initiatives to raise awareness about it.

See also

Facts & Figures

The medical technology industry continues to be one of Europe’s most diverse and innovative sectors. This can be seen in the high number of patents filed by medtech companies, as well as in data on trade flows and employment statistics.

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What is Medical Technology?

Medical technologies are products, services or solutions used to save and improve people’s lives.

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