Originally Published MX November/December 2003

BUSINESS PLANNING & TECHNOLOGY DEVELOPMENT

Medtech executives have a full plate in deciding where to set up operations. Economic development agencies make their pitch.

Courtney Harris

For medical technology executives today, sizing up site selection within the United States is no easy task. From known medtech hot spots to emerging centers of life sciences and biotechnology, the options for choosing a location are as wide as the country itself. How do manufacturers narrow the field? What are the strategies of economic development agencies to build or expand upon industry clusters?

This report takes a look at the factors and locales that shouldn't be missed in any domestic site selection discussion.

Medtech Hubs

In the United States, there are particular areas with well-known medical technology presence. Although different in their characteristics, these regions each offer a confluence of resources, including research programs, top-tier universities, skilled labor, and industry association support. These medtech hubs include: