From medical advances that brought the world some of the most renowned orthopedic innovations to medical breakthroughs in the fight against childhood cancer, Memphis is an epicenter of life-changing advances in bioscience.
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88.7K+
Healthcare and Life Science Professionals
80+
Medical Device Companies with Operations in Greater Memphis
2B
Economic Presence in Medical Equipment Supplies Manufacturing
Unmatched logistics capabilities coupled with a welcoming business climate and a strong industry cluster make the Greater Memphis region a natural location for a wide range of medical device companies and medical device OEMs.
Memphis is home to St. Jude Children’s Research Hospital, University of Tennessee’s Health Sciences Center and more than 50 life sciences companies. Major manufacturers in Memphis include Medtronic, Smith & Nephew, Microport, Stryker and Olympus. The region’s intellectual capital in the device sector frequently produces spinoffs and startups, supported by one of the nation’s Top 25 accelerator programs ZeroTo510, housed at the Memphis Bioworks Foundation.
The region’s life science industry is backed by a collection of world class research assets including Baptist Health Sciences University, a large and growing bioscience research campus complemented by the Memphis Medical District. The Memphis Medical District is a 250-acre area of Downtown Memphis that boasts 9 of the region’s key life sciences institutions, including St. Jude Children’s Research Hospital, University of Tennessee Health Sciences Center, Regional One, Methodist Le Bonheur Healthcare, Southern College of Optometry, Baptist Memorial Health Care and Le Bonheur Children’s Hospital. Within a 150-mile radius, 39 colleges and universities provide life science and healthcare-related educational opportunities.
Each fiscal year, the University of Tennessee Health Science Center (UTHSC) faculty and staff receive nearly $85 million in sponsored program funding, including support from the National Institutes of Health and private foundations. UTHSC is the leading State institution for research on the causes, treatment, and prevention of diseases. Collaborative relationships with healthcare partners including St. Jude Children’s Research Hospital and Methodist Le Bonheur Healthcare help pave the way for innovative patient-centered research and development with a clinical and translational focus.
St. Jude Children’s Research Hospital’s mission to find cures for children with cancer and other catastrophic diseases through research and treatment attracts some of the world’s most renowned physicians and scientists to the hospital’s Memphis headquarters. A recent partnership with the World Health Organization has enhanced the hospital’s talent pipeline and brought a global focus on the open source research happening in the hospital.
ZeroTo510, a Memphis-based Medical Device accelerator has launch six medical device companies with products now on the market. The Memphis-based accelerator program was named one of the nation’s top accelerators for three consecutive years.
Innovation is an early-stage venture capital fund founded by Memphis BioWorks in 2017, focuses on starting and funding high-growth companies in the biosciences, technology and agtech fields.
