The Medical Technology industry is an integral part of the healthcare sector. It includes, most of all, medical devices, in-vitro diagnostics and medical imaging, which simplify the prevention, diagnosis and treatment of diseases and illnesses. Frequently, the MedTech sector is lesser known to the public and policymakers than other products including pharmaceuticals. However, it is crucial to understand the differences between devices and drugs in order to get the best value of the Medical Technology for the patients.
