Medical devices are instruments, machinery, or implants used to detect, treat, or avoid illnesses. They may be utilized for various purposes, including dispensing medication, conducting surgery, and offering rehabilitation. Healthcare digitalization enables innovations; for instance, AI is increasingly integrated into medical devices, allowing for more accurate and personalized diagnosis and treatment.

One of the most extensive and rapidly expanding sectors in the world is Healthcare. The healthcare sector is a vital component of every nation's economy and has a massive impact on employment, innovation, and productivity. According to estimates reported by the World Health Organization, global health spending accounted for approximately 18.3% of the world's GDP, with the United States being the most significant healthcare market in the world.