The 2024 Economic Impact of the Medical Technology Industry report, produced by AdvaMed in collaboration with Frost & Sullivan, presents an in-depth examination of the sector’s role in advancing the U.S. economy. Utilizing authoritative data from sources such as the U.S. Bureau of Labor Statistics, the U.S. Census Bureau, and the U.S. Bureau of Economic Analysis, the study outlines key employment patterns, economic contributions at both state and national levels, and the broader footprint of the medical technology field. This edition marks the first update since 2021 and incorporates the latest available statistics as of December 30, 2024, offering stakeholders a current understanding of how innovation in healthcare technology continues to shape economic development across the country.
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The Economic Impact of the Medical Technology Industry 2024
2024 Medtech Economic Impact Report n nAdvaMed’s 2024 Economic Impact of the Medical Technology Industry report, developed in partnership with Frost & Sullivan, offers a comprehensive analysis of how the medtech industry drives growth across the U.S. economy. Drawing on data from the U.S. Bureau of Labor Statistics, U.S. Census Bureau, and U.S. Bureau of Economic Analysis, the report details employment trends, state and national contributions, and the industry’s overall economic footprint. n nThis updated edition, last published in 2021, reflects the most current data available as of December 30, 2024, and provides valuable insights into the innovation and impact of medical technology nationwide.