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, 78 projects have been announced in the Healthcare and Medical Devices sector. These projects have created 15,600+ new jobs with investment of $1.5 billion.

Tennessee ranks second in the nation in exports of medical equipment and supplies, with a total of $3.34 billion in 2017. Our state’s exports in the sector have grown by 30 percent since 2010. Tennessee’s largest export partners in this sector include Belgium, Japan, Singapore, the Netherlands, and China, accounting for 60.9 percent of the sector’s exports.

365,000+

Tennesseans employed in healthcare and medical device industry and is expected to grow 17% by 2025.

#2

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

#1

in the Southeast for medical equipment and supplies exports for 14 consecutive years.

Wright Medical Technology
Microport Orthopedics Inc.

8,700+

Tennesseans employed in medical equipment and supplies manufacturing.

9.6%

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