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Old 09-19-2019, 11:57 PM
 
6,843 posts, read 10,956,393 times
Reputation: 8436

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Medtech States

Medical device industry employment (2017):
01. California: 69,464
02. Minnesota: 30,500
03. Florida: 23,571
04. Indiana: 18,901
05. Pennsylvania: 16,832
06. New York: 14,956
07. Massachusetts: 14,895
08. Texas: 14,458
09. Illinois: 13,967
10. New Jersey: 13,380
11. Michigan: 12,083
12. Utah: 11,437
13. Ohio: 10,412

Medical device industry establishments (2017):
01. California: 2,037
02. Florida: 1,275
03. Texas: 814
04. Illinois: 755
05. New York: 755
06. Michigan: 489
07. Minnesota: 470
08. Indiana: 432 (tie)
08. Pennsylvania: 432 (tie)
10. New Jersey: 421
11. Ohio: 360
12. Massachusetts: 309
13. Utah: 296

Major medical device company headquarters (2019):
01. California: 19
02. Massachusetts: 7
03. Illinois: 4 (tie)
03. Minnesota: 4 (tie)
03. Texas: 4 (tie)
06. New Jersey: 3 (tie)
06. Ohio: 3 (tie)
08. New York: 2 (tie)
08. Utah: 2 (tie)
08. Pennsylvania: 2 (tie)
11. Florida: 1 (tie)
11. Indiana: 1 (tie)
11. Michigan: 1 (tie)

Medical device patents (2015):
01. California: 3,189
02. Minnesota: 991
03. Massachusetts: 810
04. Ohio: 534
05. Pennsylvania: 451
06. Florida: 437
07. New Jersey: 429
08. Indiana: 428
09. New York: 427
10. Texas: 398
11. Illinois: 270
12. Utah: 194
13. Michigan: 177

Medical device VC investments (2018):
01. California: $1,613,000,000
02. Massachusetts: $499,000,000
03. Minnesota: $260,000,000
04. New York: $172,000,000
05. Illinois: $50,000,000
06. Pennsylvania: $40,000,000
07. Texas: $34,000,000
08. Indiana: $22,000,000
09. Ohio: $18,000,000
10. Utah: $17,000,000
11. New Jersey: $12,000,000
12. Michigan: $8,000,000
13. Florida: Not available

Medical device VC deals (2018):
01. California: 76
02. Massachusetts: 23
03. Minnesota: 16
04. Texas: 10 (tie)
04. Pennsylvania: 10 (tie)
06. New York: 8 (tie)
06. Ohio: 8 (tie)
08. Indiana: 6 (tie)
08. Utah: 6 (tie)
10. Illinois: 5
11. Michigan: 1 (tie)
11. New Jersey: 1 (tie)
13. Florida: Not available

https://www.medicaldesignandoutsourc...-need-to-know/

Medtech is the industry responsible for creating and synthesizing medical devices. It's a key industry that helps other related industries such as Biotech, Healthcare, and (indirectly) the Health Insurance industries and to a certain extent blends into some of those industries as well (as lines are increasingly blurred with advancement in both science and technology). Sometimes has a collaborative relationship with the Nanotech industry too, though much less common than the three aforementioned industries since Nanotech branches into far too many fields beyond just medicine (e.g. Aerospace, Energy, Agriculture, Cosmetics, Manufacturing, Aviation, so on). Anyhow, here are the top Medtech states in the United States. They provide the information using the most recent year that they have data for each category.

You can view the Top 20 largest Medtech companies in the world here:

https://www.medicaldesignandoutsourc...panies-2018/2/

Last edited by Trafalgar Law; 09-20-2019 at 12:05 AM..
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Old 09-20-2019, 08:06 AM
 
Location: The City
22,378 posts, read 38,895,654 times
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its probably best to look at a combined MedTech and Pharma/Biotech as there is a lot of similarities and synergies
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Old 09-20-2019, 08:15 AM
 
5,016 posts, read 3,912,172 times
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These numbers really follow biotech/pharma/healthcare numbers right? Which shows the relationship between the two.

California and Mass have been the runaways of the biotech/pharma/R&D over the last decade. Obviously Minnesota is a bear in Healthcare, but unsure how active the state is when it comes to other capabilities within the vertical.
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Old 09-20-2019, 04:53 PM
 
Location: MD -> NoMa DC
409 posts, read 333,255 times
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Interesting my state (Maryland) never showed up in the top rankings especially with the presence of John Hopkins, the UMD system and the growing I-270 biotech corridor.
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Old 09-20-2019, 05:39 PM
 
4,159 posts, read 2,844,261 times
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Quote:
Originally Posted by mwj119 View Post
These numbers really follow biotech/pharma/healthcare numbers right? Which shows the relationship between the two.

California and Mass have been the runaways of the biotech/pharma/R&D over the last decade. Obviously Minnesota is a bear in Healthcare, but unsure how active the state is when it comes to other capabilities within the vertical.
Yes, North Carolina and the DMV area are the biggest outliers on that front.
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Old 09-20-2019, 06:14 PM
 
Location: Edmonds, WA
8,975 posts, read 10,204,425 times
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Interesting to see Indiana on every list. I’m guessing it has something to do with the universities.
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Old 09-20-2019, 06:46 PM
 
Location: Boilermaker Territory
26,404 posts, read 46,555,846 times
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Quote:
Originally Posted by Bluefox View Post
Interesting to see Indiana on every list. I’m guessing it has something to do with the universities.
Well, Eli Lilly is there.
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Old 09-20-2019, 10:55 PM
 
2,088 posts, read 1,970,935 times
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Quote:
Originally Posted by GraniteStater View Post
Well, Eli Lilly is there.
But Eli Lilly is primarily pharma. My first thought was Cook Medical Devices which is based in Bloomington.
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