Profile of the Medical Device Industry

The highly diversified medical device industry manufactures products ranging from tongue depressors to complex programmable pacemakers.  The Medical Device Amendments to the Federal Food Drug & Cosmetic Act define a medical device as: "an instrument, apparatus, implement, machine, contrivance, implant, in vitro reagent, or other similar or related article… which does not achieve its primary intended purposes through chemical action within or on the body of man or other animals and which is not dependent upon being metabolized for the achievement of any of its primary intended purposes.”  Among other purposes, the definition is intended to distinguish a device from a drug.

As an indication of the industry’s importance to U.S. competitiveness, an estimated $77 billion of medical devices and diagnostics products were manufactured in the United States in 2002, and more than $20 billion per year in manufactured products were exported. Furthermore, the level of innovation in this industry is escalating rapidly largely due to the convergence of traditional medical device-related technologies and bioengineering, biomaterials, computing and telecommunications.