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
Explore the May 2016 Issue
Check out more from this issue and find your next story to read.
Latest from Today's Medical Developments
- The toolbelt generation
- Covestro's role in transforming cardiac care
- Practical and Affordable Factory Digital Twins for SMEs
- UCIMU: fourth quarter 2024 machine tool orders on the rise
- Thomson Industries’ enhanced configuration capabilities
- Frequently Asked Questions about AM Post Processing
- How new executive orders may affect US FDA medical device operations
- Midwest DISCOVER MORE WITH MAZAK