Life Sciences & Medical Devices
According to the 2022 TEConomy/BIO Report, Michigan benefits from having one of the leading University-led, bioscience related R&D engines. The state ranks in the top 10 nationwide with $1.62 billion in 2020 expenditures. This, coupled with $956 million in venture capital investment between 2018 and 2021, points to a thriving life sciences innovation and commercialization ecosystem. The high-quality jobs generated across Michigan’s bio-industry pay more than 64 percent above the overall private sector wage average in the state reflecting the prominent value-adding activities and skilled workforce deployed across scientific research and development, manufacturing, sales, distribution, and other key roles.
Michigan ranks in the top 10 for number of medical device technology business locations in the U.S.
Michigan ranks No. 10 in the nation for biomedical engineering graduates.
Michigan has a medical device manufacturing workforce of more than 12,000 people — ranking in the top 10 nationally.
Michigan’s University Research Corridor (URC) is the No. 1 cluster for undergraduate and advanced degrees in medicine and biological science.
Michigan is home to Stryker, a top 10 medical device company in U.S. (by total revenue).
40% of venture capital invested in Michigan in 2020 were in the life sciences and health care sectors, making up the largest sector share of investment.
Michigan ranks No. 9 in the nation in the pharmaceuticals employment sector with 9,956.
Top Medical Device Companies in Michigan
The Michigan Opportunity Podcast
Michigan's innovative leaders in life science discoveries is highlighted in several episodes of The Michigan Opportunity Podcast. Now in its third season, host Ed Clemente has been joined by several guests specializing in medical device technologies and biomedical engineering. Click on the episode links to the right and listen to insightful conversations and hear about new, emerging global trends.
Recent Medical Device, Health, Biomedical Episodes:
- Brittany Hunter, Atomic Object
- Eric Frederick, Connected Nation Michigan
- Dr. Weisong Shi, Wayne State University
- Michael Healander, Air Space Link
- Anthony Garofali, Altair
- Dr. Steve Melnyk, Michigan State University
- Charlie Tyson, Office of Future Mobility & Electrification
- Damian Porcari & Elijah J. McCoy, Midwest Regional United States Patent and Trademark Office
- Bobby Hopewell, Mobile Health Resources
Living in Michigan
Michigan’s attractive business climate is surpassed only by its natural beauty and active lifestyle. With four seasons, 11,000 lakes and the country’s longest freshwater coastline, Michigan offers ample opportunities to enjoy all kinds of recreational activities. We also have the lowest cost of living of any state in the Midwest. When it comes to living and doing business, nothing compares to Pure Michigan.
Michigan is an Industry Leader
