Medtech or medical technology is meant to enhance the quality of healthcare in the form of early diagnosis, minimised hospital stays, less invasive methods of treatment, and reduced recovery times. It is possible with the advancement in technology that has led to improved biotechnology, medical devices, healthcare services, and a lot more.
As per the current market scenario, the United States and Western Europe have established centres of the medtech industry. And, it looks like Asia, especially China will play a prominent role in the coming years.