MPMN_Medical Product Manufacturing News

Medical Product Manufacturing News, November/December 2015

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Q M E D . C O M / M P M N M E D I C A L P R O D U C T M A N U F A C T U R I N G N E W S N O V E M B E R / D E C E M B E R 2 0 1 5 2 5 Massachusetts The state boasts one of the densest medical device clusters in the country, and the industry has strong government support. Former Governor Deval Patrick signed into law a $1 billion package to support the life sciences industry over a ten-year period. The state is also home to the country's largest biotechnology cluster. It also has a highly educated populace and has world-renowned research institutions including MIT and Harvard. Medical devices are the biggest export for the state, making up 13% of its international trade. Nevertheless, the state does have a high cost of living and scores relatively poorly in terms of business friendliness. In the plus column, the state also receives a substantial amount of NIH funding. Massachusetts' medtech labs and incubators are drawing investors to help spread their health care technologies around the world. Indiana A town in Indiana, Warsaw, has the distinction of being the orthopaedic capital of the world. Ortho giants Depuy Synthes and Zimmer Biomet have their headquarters there. In addition, heavy-hitters like Medtronic, Paragon Medical, Symmetry Medical, and others also have a presence in the area. Indiana's orthopedic prowess was profiled in an earlier MPMN piece titled "Indiana's Medical Device Mecca Has Good Bones." The state's medtech industry is not all about orthopedics, however. Big-name firms like Cook Medial and Roche Diagnostics are also headquartered there. The state's medtech industry benefits from strong state tax incentives. Indiana is also home to research universities such as Purdue, Indiana University, Notre Dame, and Ball State. Pennsylvania As Pennsylvania's traditional coal mines, oil fields, steel mills, and apparel factories have faded away, they have been replaced by more modern manufacturing facilities. Boasting a strong medical device industry, Pennsylvania is currently benefiting from a quickly growing population eager for technical work. We reported back in 2009 that Pennsylvania's east was becoming one of the country's leading medical device manufacturing centers, although the industry throughout the state is growing. In 2013, Pennsylvania was ranked sixth among U.S. states for medical device employment. PHOTO COURTESY OF DOMINIK PABIS/ISTOCKPHOTO.COM 3 4 5 Medical Device Manufacturing Employment, 2013: 14,719 Medical Device Patents, 2009–2013: 2481 Medtech VC Investing, 2014: $339M NIH Funding, 2014: $2.4B Medical Device Establishments, 2012: 289 Medical Device Manufacturing Employment, 2013: 17,956 Medical Device Patents, 2009–2013: 1219 Medtech VC Investing, 2014: Not available NIH Funding, 2014: $208M Medical Device Establishments, 2012: 155 Medical Device Manufacturing Employment, 2013: 16,525 Medical Device Patents, 2009–2013: 1210 Medtech VC Investing, 2014: $63M NIH Funding, 2014: $1.5B

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