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AdvaMed, or the Advanced Medical Technology Association, is a medical device trade association, based in Washington, D.C. Its members are medical technology companies (medical devices, diagnostic products, and health information systems) that collectively represents 80% of U.S. medical technology firms in the United States, that produce close to 90% of annual health care technology purchases in the United States and more than 40% globally.
Medical devices make up a relatively small and constant share of national health expenditures. In 2013, the latest year that can be studied using Census Bureau data, spending on medical devices and in-vitro diagnostics totaled $171.8 billion, or 5.9 percent of total national health expenditures
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