Massachusetts’ medtech ecosystem

Massachusetts leads the nation in several areas of the medical industry, especially in share of exports.

ILLUSTRATIONS: ADOBE STOCK

Published August 26, 2019

Source: Massachusetts Medical Device Industry Council
ILLUSTRATIONS: ADOBE STOCK

Medical device exports increased $6.1 billion in 2018 (7.7% from 2017)
Average Medtech wage: $121,909
1 out of 4 exports are a medical device (23%)
2x premarket approvals: as many PMA’s as California
National Institue of Health (NIH) funding for hospitals (2018): $2.89 billion
4th consecutive year that Massachusetts ranks 1st for total medical device exports by percentage of total state exports

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