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.
Tennesseans employed by healthcare & medical device establishments in Tennessee
Healthcare and medical device establishments in Tennessee
In the U.S. for medical equipment and supplies exports for eight consecutive years
Growth in this sector since 2010
Tennesseans employed in medical equipment and supplies manufacturing