Med Tech has become a popular term but what falls under this banner? The easiest definition is everything that isn’t pharmaceuticals but this breaks down as diagnostic procedures both laboratory and imaging are often defined separately. Telemedicine may also be included but generally healthcare IT stands alone. What does this leave?
Primarily interventional devices and prostheses used in surgery, specialties such as cardiology and urology.
The items covered include implantable devices, from stents, through rhythm management and deep brain stimulation to prosthesis used in joint replacement. These fit together well if one considers the sales process which is one on one with extensive support of users and the reimbursement regime which requires a body of evidence and defined codes under which the procedure sits.