Final answer:
FALSE. The term 'medical technology' can be applied to products beyond biomedical research.
Step-by-step explanation:
The term medical technology refers to the application of technology in medical settings to improve the delivery of healthcare services and the treatment of diseases. While biomedical research contributes to the development of medical technology, it is not the exclusive source. Technologies like medical imaging devices, electronic health records, telemedicine, and even wearable health trackers are also considered medical technologies, and they may not directly stem from biomedical research.