September 24, 2015
Friday, May 15, 2015
The medical device manufacturing industry represents what Florida does best: create and innovate technology that revolutionizes how effective health care is delivered to the world.
Florida ranks second in the United States for FDA registered medical device manufacturing facilities. From Johnson & Johnson Vision Care’s expanded product line, new 3-D printing and advanced manufacturing center, to MAKO’s robotic arm that enables surgeons to align and place hip or knee implants with absolute precision, the state’s medical device manufacturing field is flourishing.
Florida is home to more than 620 companies manufacturing a range of medical devices and a skilled workforce of 684,000 health care workers. The state’s business-friendly atmosphere means businesses do not pay state income tax or state-level property tax. In addition, Florida offers specialized tax incentives and tax credits to medical device manufacturers.
Strong research and academics also support the development of medical devices. Florida universities are active in the creation of vascular and cardiac devices, lasers and nanotechnology.
Lake Nona Medical City is a landmark for medical treatment, research and education. In just the last seven years, the Medical City has become home to the University of Central Florida Health Sciences Campus, Sanford Burnham Prebys Medical Discovery Institute, VA Medical Center, Nemours Children’s Hospital and University of Florida Academic & Research Center.
Florida has leapt ahead of the competition to establish itself as the new location for life sciences innovations and industry growth.