State Impacts of the Medical Technology Industry

State Impacts of the Medical Technology Industry (PDF; 225 KB)
Source: The Lewin Group
From press release:

The Lewin Group notes that as part of the U.S. economy in 2006, the medical technology industry employed 357,700 workers, paid $21.5 billion in salaries, and shipped $123 billion worth of products. The report also found that each medical technology job generates an additional 4.5 jobs across the nation.

The report highlights the industry’s positive impact on individual state economies with regard to salary, employment and sales. In a “median” state, The Lewin Group found:

  • Each dollar paid as payroll for a medical technology employee generates an additional $1.12 in payroll in that state;
  • Each dollar of medical technology sales generates another $0.90 in sales in that state.

Large states have the highest employment in the medical technology sector. In 2006, California had the largest number of medical technology jobs with 72,500 workers, followed by Massachusetts (21,847), Florida (19,949), Minnesota (18,571), New Jersey (17,953) and Pennsylvania (17,482).

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