International Trade
— Advancing Medical Innovation, Patient Access and Economic Growth —
The United States is the world’s leader in the development of advanced medical technology. This
leadership results in improved patient care and drives the innovation economy. America’s medical
technology companies support global trade agreements that open markets and create economic
opportunities for Americans.
Economic Growth is crucial for continued job creation in the United States
Washington
Supports 21,900
Medtech Jobs
Oregon
Supports 12,100
Medtech Jobs
Minnesota
Supports 83,000
Medtech Jobs
Indiana
Supports 54,800
Medtech Jobs
Pennsylvania
Supports 79,000
Medtech Jobs
North Carolina
Supports 24,500
Medtech Jobs
California
Supports 296,000
Medtech Jobs
Florida
Supports 61,000
Medtech Jobs
Texas
Supports 54,800
Medtech Jobs
The average Medtech salary is $58,000 while the average national wage is $41,000
Global Competitiveness keeps jobs in America
Medtech Companies Export $42B Annually
40%
$42 Billion
The United States accounts for 40 percent of the
global medtech market.
Size of Medical Device Market 2014
$100.86
$100
(U.S. $ Billions)
$80
$60
$40
$20
$0
$29.75
$3.65
$
India
$17.14
$
$
$
China
Japan
Europe
Epsicom, The World Medical Markets Fact Book 2013 (August 2013)
The U.S. has a positive trade balance in medical
devices exporting $5.48B more than it imports.
“
It is critical to improve access to international
markets by insisting on free and fair trade, and
working with foreign governments to develop
innovation-friendly policies. Other countries
are anxious to overtake the U.S. as the leader in
medical technology and innovation. Putting in
place policies that encourage worldwide innovation
and patient access is good for patients and good
for companies.”
– Stephen J. Ubl
President and CEO of AdvaMed