Why isn't the US a major manufacturer of medical equipment?

The US is the world's largest economy, and it imports medical equipment (and medicine) in large quantities. Why isn't the US a major manufacturer of medical equipment?<br><br>I don't think it's because Americans would be bad at manufacturing medical equipment, or that Americans wouldn't be able to do it at a lower cost than the Chinese. Medicine and medical equipment are a huge part of the economy and should be a priority. It seems to me that America's priorities are a bit screwed up, but I'm just a pleb, I don't have anything to do with the economy or business.<br><br>I don't think Americans even make band-aids, despite band-aids actually being an American invention.<br><br>&#x200B;