Medical device and technology development is an area in which U.S. companies are at the forefront. According to a SelectUSA.gov publication, America has the largest medical device market in the world. It has a market size of around $156 billion, and it represented about 40 percent of the global medical device market in 2017.
United States exports of medical devices in key product categories identified by the Department of Commerce exceeded $41 billion in that year.