Minnesota is no johnny-come-lately when it comes to medical technology and improving human health. Mayo Clinic got its start here in 1889 and medical device maker Medtronic was founded here in 1949.
We’re known as Medical Alley – recognized by the Smithsonian as one of America’s six "Places of Invention," and the only location designated for health care invention and innovation.
Mayo Clinic – named the top hospital in the country in 2016 and 2017 by U.S. News & World Report – and the University of Minnesota provide exceptional patient care and form the state’s life science research backbone.
Both in partnership with these institutions and separately, more than a thousand companies of all sizes have made Minnesota a global epicenter of health care innovation. We rank:
- 1st in medical device presence, with three times the concentration of medical device industry employment as the national average
- 1st in medical device patents per capita
- 2nd in bioscience-related patents per capita
We’re boldly pursuing new avenues of medical technology and treatments in areas that include:
- personalized medicine
- regenerative medicine
- digital health
- stem cell research
- 3-D printed devices
Venture Capital and Export Growth
Health care – including medical devices and related products and services – received the largest share (49 percent) of the $495 million in venture capital investment made in Minnesota in 2017, according to the PwC/CB Insights MoneyTreeTM Report.
There’s an international appetite for medical products made in Minnesota. Optics/medical goods – including medical devices – were the state’s top export in 2017. Sales in this category were $3.8 billion, up 8 percent from the previous year.
From medical device and pharmaceutical powerhouses to feisty digital health and life science startups, Minnesota companies changing the way medicine is practiced. They’re are saving and improving lives with their innovations and breakthroughs.
Here’s just a sampling of the thousands of health-related companies that are based or have major operations in Minnesota:
- 3M Health Care
- Abbott (formerly St. Jude Medical)
- Boston Scientific
- Mayo Clinic
- Smiths Medical
- Takeda Pharmaceuticals
- UnitedHealth Group (including UnitedHealthcare and Optum)
Fact Sheet on Biosciences.
Medical Alley Association
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