Massachusetts’ medtech ecosystem

Departments - Medical Infographic

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

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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