Medical device industry cluster has statewide impact

May 8, 2024

Medical Device Industry Cluster in Greater MN

Minnesota is a global hub of innovation and production for medical devices and technology. In a series of studies, TPEC researchers have mapped and analyzed the state’s medical device industry cluster, exploring its economic impact and the vital role of transportation in its success. 

In their latest work, researchers analyzed the economic, community, and supply chain aspects of this cluster, with particular attention on Greater Minnesota. The research reveals that while there is a concentration of companies within the Twin Cities metro area, many companies in this cluster are highly dispersed throughout the state.

The research is summarized in an online StoryMap containing the quantitative findings that illustrate the cluster’s statewide expanse. A case study takes a deeper look at one innovative Minnesota firm—Granite Partners—that is investing in the Minnesota medical device industry and other clusters that are principally located in Greater Minnesota.

The findings of this research offer valuable insights for policymakers on how this robust industry drives economic development and competitiveness across Minnesota. They also underscore the importance of infrastructure investment in supporting the cluster’s continued growth.

Read an in-depth summary of this new research.