The medical technology industry (commonly referred to as medical devices) consists of articles, instruments, apparatuses, or machines that are used in the prevention, diagnosis or treatment of illness or disease, or for detecting, measuring, restoring, correcting, or modifying the structure or function of the body for some health purpose.

The medical device industry is responsible for the design and manufacturing of a wide range of products used to diagnose and treat illnesses and improve health in patients. Products range from imaging equipment to artificial joints and other implants. Top players in the medical device industry bring in billions of dollars in revenue every year.

The purpose of a medical device is not achieved by pharmacological, immunological, or metabolic means.

Operating in medical device industry also involves inherent operational risks that can impact patient safety, product quality and regulatory compliance.

These topics can arise from various sources, including product defects, regulatory non compliance, supply chain disruptions and cyber security threats.