Bioimplants and devices sector, also known as the medical device sector, is a key part of the healthcare industry worldwide. The sector covers a wide spectrum of devices including diagnostics, imaging, dental, surgical, ocular, wound care, orthopedic and cardiovascular devices. Although the $250-billion medical device sector is substantially smaller than the $750-billion
pharmaceutical industry, it is growing 6-8% annually compared to 2-4% growth rate of the global pharmaceutical market.