Silicon Valley Outranks Twin Cities as Top US Medtech Hub in Reader Survey

For decades the Minneapolis-St. Paul region has stood out as a hotbed for medical device innovation. But other U.S. regions have also managed to position themselves as a medtech hub, including California's Silicon Valley, Boston, MA, and even Austin, TX. This raises important questions about the future state of innovation in Minnesota.
At MD&M Minneapolis 2019, Oct. 23-24, a panel of experts will discuss whether or not Silicon Valley will eclipse Minneapolis as the largest U.S. medtech hub. In preparation for the panel discussion, MD+DI asked readers to weigh in on which U.S. metros they considered to be the top hub of medical device innovation. 
As the map above shows, most (44%) of the 100 survey respondents said the San Jose, CA region (aka Silicon Valley) is the top U.S. metro for medtech innovation. Minneapolis - St. Paul, MN came in second with 33%, followed by Boston - Cambridge, MA with 18% of the votes, and Austin, TX with 2% of the votes. The remaining 4% of survey respondents said "other" but did not specify a region, aside from one respondent who said Phoenix, AZ because, "I live here, of course."
What Makes This City or Region the Best for Medical Innovation?
Here's where it gets interesting. Those who designated Silicon Valley as the top U.S. medtech hub mentioned the following characteristics as reasons the region stands out: strong technology and software development; digit...

Source: MDDI - October 16, 2019 Category: Medical Devices Authors: Amanda Pedersen Tags: MD & M Minneapolis Business Source Type: news