Report Highlights Worldwide medtech sales forecast to reach $595 billion by 2024, with a CAGR of 5.6%, anchored by familiar players Neurology set to be the fastest-growing device area with a CAGR of 9.1% between 2017 and 2024; diagnostic imaging and orthopedics will be the slowest, with annual growth of just 3.7% between these years […]
In 2017, Medical Alley once again made advancements that shape the way healthcare is delivered. The region saw records funds raised, drugs and devices moved from theory to practice, and a community growing stronger and more connected than ever. All of this work combines to make Medical Alley the global epicenter of health innovation and […]
With the release of two key reports in the last week that show strong growth for Minnesota’s startups, the rest of the nation is coming to realize what we here in Medical Alley have long known: Minnesota is one of the best places in the country to start a business. The first report, published by Ohio’s […]
THERE IS NO BETTER PLACE TO BE A HEALTHCARE INNOVATOR THAN MEDICAL ALLEY. The region is designated as the #1 health technology cluster in the world due to its concentration of leading healthcare inventors, playing home to world-class health technology leaders (Medtronic, Boston Scientific, and 3M to name a few) and a supporting infrastructure that […]
This is the best fundraising start Minnesota companies have experienced in the past eight years! For a more detailed look at first half investment, news and trends check out our full report. Use the Tableau below to further examine investment in Medical Alley.
While Minnesota’s Medical Alley has always been known for its collection of leading healthcare organizations (Mayo Clinic, Medtronic, UnitedHealth Group, St. Jude Medical, et al), you can add the start-up and digital health boom to the growing list of Medical Alley leadership positions. In 2016, start-up health technology companies accounted for a majority of the […]
Annual Report: Investment 2016 Health technology start-ups are booming in Medical Alley, both in numbers of companies securing funding and in the amount being raised. In 2016, 53% of the health technology companies in Medical Alley that secured funding raised less than $1M, a 3-year high and an indicator of significant new company starts and […]
Medical Alley-based health technology companies in Minnesota raised a record $335.8M YTD after adding $117M in Q3. Since 2009, $2.6B has been raised in Medical Alley. Since 2013, Medical Alley companies have consecutively established new records for investment year-over-year, with an all-time high of $448M in 2015; up 77% from just a few years earlier. 2016 is trending to be another record-setting […]