Medical Devices
This industry designs and manufactures advanced technical apparatuses used for internal treatment and monitoring, ranging from implantable pacemakers to artificial joints.
Why it exists
Medical devices exist to physically assist, monitor, or replace biological function.
Why it’s necessary
They enable everything from heart rhythm stabilization to joint replacement to insulin delivery.
Key components
Hardware engineering
Clinical validation trials
Regulatory approvals
Hospital procurement channels
How to evaluate businesses
Installed base growth, recurring consumable revenue, regulatory durability, and innovation cadence matter most.
How the industry could be improved
Remote monitoring, AI-enabled diagnostics inside devices, faster regulatory feedback loops, and better post-market surveillance.