Medical devices, music, & food in Memphis, Tennessee

Memphis, Tennessee's medical device sector has $2.6 billion local economic impact.

Memphis, along the Mississippi River in southwest Tennessee, is known for its music, food…and medical devices. While blues, jazz, and rock ‘n’ roll spill out from the clubs along Beale St. and restaurants dish up barbecue and soul food, those more in tune with manufacturing know the medical device sector fuels Memphis’ employment and economy. So, while Elvis Presley, B.B. King, and Johnny Cash recorded albums at the legendary Sun Studio, Memphis is in tune with medical innovation.

$2.6 BILLION local economic impact

50% employment growth since 1999 4x national growth rate

One of the TOP 10 most affordable cities in which to operate a biomedical business

Shelby County – 2nd-largest county in the US for orthopedic device manufacturing

55,500+ Memphians in the bioscience industry

1,000+ life science establishments

1 in 5 post-secondary graduates earn a degree, certificate in a life science-related occupation

Start-up support

Bioworks Business Incubator provides office space, wet labs, and support equipment www.memphisbioworks.org

Zeroto510 Medical Device Accelerator helps entrepreneurs start-up medical device companies, refining their business models and achieving FDA 510(k) pre-market notification filing www.zeroto510.com

Large medical OEMs

  • Medtronic Spinal and Biologics
  • Smith & Nephew Orthopaedics
  • Wright Medical Technologies

Contract manufacturers

  • Sandvik Medical Solutions
  • Tegra Medical LLC
  • Y&W Technologies
  • Onyx Medical Corp.
  • Millstone Medical Outsourcing

Independents,start-ups

  • GTx Inc.
  • Active Implants
  • HandMinder
  • Restore Medical Solutions
  • Bionanovations
  • Expanding Orthopedics

Sources: www.memphischamber.com; www.memphisbioworks.org; www.gmmdc.org

May 2016
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