
ICONS: ADOBE STOCK
#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
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Explore the November 2019 Issue
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