In Massachusetts, the export of medical devices represents approximately 10 percent of all U.S. medical equipment sold abroad and grew nearly twice as fast as state exports as a whole, according to a Boston Globe news report.
The analysis was conducted by consulting firm Deloitte & Touche. The company's study also showed Massachusetts employs the second-highest number of employees in the medical device sector, second only to California.
Notably, the analysis also revealed venture-backed medical device start-up companies in Massachusetts raised $286 million last year, representing approximately 12 percent of total U.S. venture capital investment in the medical device industry. By comparison, Massachusetts comprises a little more than 2 percent of the total U.S. population.
Read the new report about the medical device industry in Massachusetts.
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The analysis was conducted by consulting firm Deloitte & Touche. The company's study also showed Massachusetts employs the second-highest number of employees in the medical device sector, second only to California.
Notably, the analysis also revealed venture-backed medical device start-up companies in Massachusetts raised $286 million last year, representing approximately 12 percent of total U.S. venture capital investment in the medical device industry. By comparison, Massachusetts comprises a little more than 2 percent of the total U.S. population.
Read the new report about the medical device industry in Massachusetts.
Related Articles on Medical Devices:
5 Tips for Lowering Implant Costs at Orthopedic Surgery Centers
Device Makers' Confidentiality Will Raise Costs, AHRMM Says
ETHOS Founder: Don't Be Easily Allured by Medical Technology