Minnesota leads in medical technology

#1 health technology innovation cluster

2018 Top Export

Optics/medical goods (includes devices)

$4.5 billion sales up 19% from 2017

Minnesota is ...

• 1st: Medical device employment concentration
• 2nd: Total employment with 30,500 employees
• 4th: STEM workforce
• 5th: Computers, electronic products manufacturing employment
• 10th: Individuals in science, engineering as percentage of all occupations

Medical alley includes 1,000+ healthcare companies, employs 500,000+ minnesotans, millions more worldwide

R&D

53 publicly-owned companies, $4.1 billion spent in 2018:

• 12th among U.S. states
• 14th among U.S. states on a per capita basis ($727)
• 17th as a percentage of GDP (2.47%; national was 2.73%)

PATENTS

• 1st: Medical device patents per capita
• 2nd: Overall medical device patents
• 6th: Overall patents per capita

Largest number of patents issued by company headquartered in, or with major operations in, Minnesota (2000 and 2018)

• 8,127: IBM
• 7,759: 3M
• 4,520: Medtronic
• 4,417: Boston Scientific (3,029 for cardiac pacemakers)
• 2,973: Honeywell International
• 2,835: Seagate Technology
• 1,320: ADC Telecommunications
• 1,201: Target Brands
• 1,125: Ecolab