The Medical Device Industry – The World’s Most Innovative?
Medical technology covers a large variety of products and solutions used in health care, such as radiology and radiotherapy devices, orthopaedic implants, stents, scalpels, walkers, pacemakers, and dialysis machines. All in all, there are approximately 500,000 products worldwide that are all intended to diagnose, treat, or alleviate various diseases.
The so-called medtech industry is extremely innovative and produces more new patents than any other industry. Despite its geographical size, Sweden has created a wide variety of global medical device successes over the years – such as ultrasound, the pacemaker, permobile (powered wheelchair), incubator, and artificial kidney.