Life Sciences & Medical Devices
According to the 2024 TEConomy/BIO Report, Michigan benefits from having one of the leading University-led, bioscience related R&D engines. The state ranks in the top 10 nationwide with $1.74 billion in 2022 academic R&D expenditures. This, coupled with $1.4 billion in venture capital investment between 2019 and 2023, points to a thriving life sciences innovation and commercialization ecosystem. The high-quality jobs generated across Michigan’s bio-industry pay more than 67 percent above the overall private sector wage average in the state reflecting the prominent value-adding activities and skilled workforce deployed across scientific research and development, manufacturing, sales, distribution, and other key roles.
Top Medical Device Companies in Michigan
The Michigan Opportunity Podcast
Michigan's innovative leaders in life science discoveries is highlighted in several episodes of The Michigan Opportunity Podcast. Now in its fifth season, host Ed Clemente has been joined by several guests specializing in medical device technologies and biomedical engineering. Click on the episode links to the right and listen to insightful conversations and hear about new, emerging global trends.
Medical Device, Health, Biomedical Episodes:
Living in Michigan
Michigan’s attractive business climate is surpassed only by its natural beauty and active lifestyle. With four seasons, 11,000 lakes and the country’s longest freshwater coastline, Michigan offers ample opportunities to enjoy all kinds of recreational activities. We also have the lowest cost of living of any state in the Midwest. When it comes to living and doing business, nothing compares to Pure Michigan.
Michigan is an Industry Leader