The top 10 medical device states: Everything you need to know (Medical Design and Outsourcing)
California, Minnesota and Massachusetts dominate the U.S. medical device industry. But many other states also play a significant role in medtech.
From industry employment to venture capital investment to notable industry suppliers, read on and discover how the medical device industry’s top states compare.
#1. California
Medical device industry employment (2019): 72,471
Medical device industry establishments (2019): 2,131
Major medical device company headquarters (2019): 19
Medical device patents (2019): 1,764
Medical device VC investments (2019): $1.249B
Medical device VC deals (2019): 72
Best States for Business ranking (2019): 31
Despite complaints about the high costs of doing business, California is unrivaled when it comes to the size of its medical device industry — not to mention the range of innovations. From medtech employment to patent numbers to the amount of venture capital investment, California is well ahead of other states. It accounted for nearly a fourth of the U.S. medical device industry’s revenue in 2017, according to IBISWorld.
The Golden State’s me...
