The medical technology industry is an eminent part of the healthcare sector. It includes devices which simplify the prevention, diagnosis and treatment of diseases and illnesses. Innovations and investments in MedTech not only make it easier for doctors to identify and better treat diseases, but also make it easier for patients to manage their conditions and live better lives. The total global medical technology industry’s market size is approximating half a trillion U.S. dollars. Established centers of this industry include the United States and Western Europe. But industry trends show that Asia and first of all China, are about to play a more prominent role in the years to come.