Minnesota leads in medical technology

Departments - Medical Infographic

Home to 17 Fortune 500 companies and six of the nation’s largest private companies, Minnesota is where the first portable, battery-powered pacemaker was invented.

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Source: https://mn.gov; USPTO, Database accessed Sept. 2019
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