Medical Devices
The Medical Device Industry is a major feature of the State of Wisconsin and an important contributor to the economic health of the state. Wisconsin’s medical devices sector includes an array of instruments, machines, and medical devices for the diagnosis, cure, treatment, or prevention of disease. This sector is closely connected with Wisconsin’s emerging biotechnology , health-care delivery and health-care information sectors as well as the historically strong manufacturing sector. “The atmosphere for biotech in Wisconsin is very accommodating,” says Thomas Primiano, president and CEO of Clonex Development Inc., a biotech firm that recently moved from Chicago to Madison. According to the Wisconsin Biotechnology and Medical Device Association, there are 248 life-sciences companies in Wisconsin that employ 20,000 people and generate more than $6 billion in annual revenue. Approximately one-third of these companies emerged in the last five years, which can be taken as a sign of healthy growth, especially considering the jittery economy that the rest of the US market is experiencing. For three years, Forward Wisconsin and the Wisconsin Biotechnology Consortium have participated in the Annual International BIO Conventions. The most recent show was held in Chicago. A Wisconsin pavilion and a Taste of Wisconsin Reception was featured.
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