Global population ageing and rise in healthcare demands make medical devices industry one of the most promising business worldwide. Medical devices market demonstrated growth even during 2007 – 2009 recession, for example, the average growth over the period 2008 – 2013 comprises 4.2% (Maresova et al, 2015). Medical devices field is highly innovative, attributed by sound investment in &D activities and start-up growth. In China, the medical device industry comprises predominantly of small companies with up to 50 employees. The similar situation is in Europe, where 95% of companies in the medical devices manufacturing field are small and medium enterprises. Medical devices industry does not require much natural resources, therefore it has a potential to booster economics of small, natural resource poor countries, Latvia being one of them. From the other hand, medical devises filed is one of the most strictly regulated worldwide (Altenstetter, 2012). Therefore, innovations and creation of new businesses in the field need sound investment of human capital. Any implementation of the state policy to support national business in the field of medical device manufacturing require thorough analysis of available resources and emerging demands.