Healthcare & Medical Devices

In Middle Tennessee alone, the healthcare industry contributes an overall economic benefit of nearly $38.8 billion and more than 250,000 jobs to the local economy every year. – Nashville Health Care Council

And, that’s just one of Tennessee’s three geographic regions. Our entire state is a hub of the nation’s healthcare industry, with businesses ranging from medical device companies to pharmaceutical manufacturers, managed care and national insurance providers.

In Tennessee, you will find world-renowned companies including DeRoyal Industries, Microport Orthopedics Inc., Hospital Corporation of America (HCA), Medtronic, Sofamor Danek and Wright Medical Technology.

During Governor Haslam’s administration, 68 projects have been announced in the Healthcare and Medical Devices sector. These projects have created 12,969 new jobs with investment greater than $1.3 billion.

Tennessee ranks second in the nation in exports of medical equipment and supplies, with a total of $3.34 billion in 2016. Our state’s exports in the sector have grown by 26 percent since 2010. Tennessee’s largest export partners in this sector include Belgium, Singapore, Japan, China and The Netherlands, accounting for 58.7 percent of the sector’s exports.

341,500+

Tennesseans employed in healthcare and medical device industry and is expected to double by 2025.

#2

in U.S. for medical equipment and supplies exports for six consecutive years.

#1

in the Southeast for medical equipment and supplies exports for six consecutive years.

Wright Medical Technology
Microport Orthopedics Inc.

8,700+

Tennesseans employed in medical equipment and supplies manufacturing.

12.3%

growth in this sector since 2010.

Featured Healthcare & Medical Devices News

Wright Medical Vanguard Health Systems Unum Group Smith & Nephew PathGroup MicroPort Medical Medtronic LabCorp HCA Holdings DeRoyal Community Health Systems Aegis Labs