GREATER MEMPHIS REGIONIndustry Snapshot

MEDICAL INNOVATION & DEVICE MANUFACTURING

Unmatched logistics

capabilities coupled with

a welcoming business

climate and a strong

industry cluster make the

Greater Memphis region a

natural location for a wide

range of medical device

companies and medical

device OEMs.

Major Memphis manu-

facturers in Memphis include

Medtronic, Smith & Nephew,

Microport, Wright Medical

Group and Olympus.

The region’s intellectual

capital in the device sector

frequently produces

spinoffs and startups,

supported by one of the

nation’s Top 25 accelerator

programs ZeroTo510.

FACT: THE FEDEX SUPERHUB MAKES IT POSSIBLE FOR MEDICAL DEVICES SHIPPED BY MIDNIGHT TO ARRIVE IN AN O.R. ANYWHERE IN

THE COUNTRY AS EARLY AS THE FOLLOWING MORNING.

QUOTE: “…WITH THE TRANSPORTATION NETWORK AVAILABLE HERE – INCLUDING

FEDEX – WE CAN GET OUR PRODUCT PRETTY MUCH OVERNIGHT TO ANYONE IN THE WORLD.

THAT’S A HUGE ADVANTAGE FOR US.” - BARRY REGAN,

SENIOR VICE PRESIDENT OF OPERATIONS WRIGHT MEDICAL

FACT: EMPLOYMENT IN THE MEDICAL DEVICE INDUSTRY IN MEMPHIS HAS GROWN 50 PERCENT SINCE 1999 – MORE THAN

FOUR TIMES THE NATIONAL RATE OF GROWTH.

KEY ASSETS

• 47 Medical Device companies with operations

in Shelby County.

• More than 16,800 employees

• $2.7 billion economic impact to Memphis/Shelby

County. (Source: Greater Memphis Medical Device Council Data)

• 4x the national average industry growth in

Memphis MSA since 1999.

• 2nd hightest concentration of orthopedic medical

device firms in the US.

• LQ 3.7 (Memphis MSA) LQ 1.5 (Tennessee)

MEDICAL DEVICE COMPANIES WITH A PRESENCE IN MEMPHIS

FACT: SINCE 2013, THE NUMBER

OF GRADUATES IN BIOLOGICAL AND

BIOMEDICAL SCIENCES HAS

GROWN BY 31 PERCENT.

SOURCE: NATIONAL COLLEGE FOR EDUCATIONAL

STATISTICS AND ESRI COMMUNITY ANALYST

TRAINING PROGRAM SPOTLIGHT

A tuition-free skill development and training program, provides industry recognized credentials and

work-based learning opportunities including apprenticeships, on-the-job training and internships to

prepare participants for careers in the medical device industry. The MOVE-HIRE Program was established

to help increase the number of skills-trained workers to support the growing medical device industry in

the region.