Greater Philadelphia has risen through the ranks to become a premier location for the design, development and manufacture of therapeutic, medical and dental devices. From brain scanners and implants to endovascular products and orthopedic devices, our region is already home to more than 2100 medical technology firms including Synthes, B. Braun, Ethicon, Teleflex Medical and Siemens Medical Solutions.
Greater Philadelphia is also an epicenter for the convergence of pharmaceuticals and medical device technologies. Home to hundreds of key opinion leaders – specialists and surgeons who put devices to trial and work each day in our region's 120 hospitals, 5 medical schools and 4 children's hospitals. And, U.S. News & World Report ranks a number of them with the nation's best for 2010.
Now among the leaders in medical device design, development and manufacture.
The Greater Philadelphia Region has joined the list of prominent U.S. therapeutic and device locations, rising in stature to compete head-to-head with long-renowned metro areas such as Boston, Minneapolis, Raleigh-Durham, Chicago and New York.
Since the Milken Institute's 2005 analysis, the region also moved from third to first in human capital, based on its life sciences academic excellence and research – far exceeding the other metro areas in bachelors, masters and Ph.D. degrees awarded in life sciences in recent years. In addition, the size of Greater Philadelphia's therapeutics and device workforce (56,300) now ranks second behind only New York, and its relative growth actually exceeds that of New York.
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Sought-after medical device employees are in good supply. For example, Milken now ranks Greater Philadelphia second in intensity of chemical engineers and material scientists, third in biomedical and material engineers, and eighth in electro-mechanical technicians. Key factors for any firm considering relocation or expansion.
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The region is first in funding, too. Milken reports Greater Philadelphia leading all other regions in life sciences VC investment, and third in Milken's Life Sciences Risk Capital Composite Index, and in SBIR dollars awarded to life sciences firms.
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That money helps bring many innovative new products to market, with the region ranking third in patents filed, first in Phase I clinical trials, second in Phase II trials and third in Phase III and IV trials.
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Every resource in one place.
Locate or expand here and your company will be supported by a vibrant life sciences, therapeutics and medical device infrastructure so comprehensive, that the Milken Institute ranked it #1 in its 2009 Current Impact Composite Index. Greater Philadelphia has everything you need to take devices from the drawing board to the marketplace.
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Here you'll find a strong supplier base. University graduates with the right skills. Potential partners and investors. Renowned hospitals and healthcare professionals for clinical trials. Plus, local expertise on everything from legal, ethical and intellectual property issues to risk analysis, FDA regulations and submissions, and much more.
Let us help put your company on the map.
Call 215-790-3726 and speak with Jeanne Nevelos at Select Greater Philadelphia – the region's one-stop-shop economic development organization. We can provide you with complete details about our skilled therapeutics and device workforce, healthcare and research institutes, quality of life, and the many communities that make up our 3-state, 11-county region. We can also facilitate your introduction to local government and business leaders. Arrange site visits. Make you aware of available grants and financing, too. All in strictest confidence.
Resources.
 Visit Greater Philadelphia's Life Science Guide at look4science.com and learn about the wide range of medical device, diagnostics, biotech, imaging companies and service suppliers already here. Also, find out why Greater Philadelphia is a "powerhouse of human capital in a network of research institutions, academia, pharmaceuticals, biotechs, and industry support services" in Life Sciences Magazine.
Build your devices on our strengths.
Greater Philadelphia's life sciences cluster ranked #1 in The Milken Institute's 2009 Current Impact Composite Index. The region's growing medical device sector is one important reason why. And Select Greater Philadelphia's economic development professionals can help your company become a part of it, with all the information you're looking for.
To learn more, speak with Jeanne Nevelos at 215-790-3726.
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