Innovations, Investment Strengthen Industry Cluster
If the past few years have shown us anything, it’s that cutting edge research and medical innovation is essential to the advancement of society–and innovative medical device research is taking place right here in Northeast Indiana.
Coined as the Orthopedic Capital of the World by OrthoWorx, Northeast Indiana represents 50% of the global orthopedic market for total joint replacements. The region’s medical device industry makes up more than 22,000 jobs in Northeast Indiana, producing $19 billion in revenue. With more than 100 medical device companies in the region, our companies are leading the way in medical innovation.
Meet the Companies Growing the Medical Device Industry
In 2021, developer of sustainable single-use instrument technologies, RAZOR Medical Instruments, Inc., announced plans to relocate its headquarters from New Hampshire to Warsaw, Indiana. The new headquarters brings a $3.4 million investment to Northeast Indiana and an estimated 63 new jobs. RAZOR’s first product in the market is a Single-Use Acetabular Reamer, a sharp and sterile tool used in hip replacement procedures. Thanks to a recent $2 million in funding, RAZOR expects to expand its products to serve surgeons performing knee and shoulder replacements.
With a strong foundation in the medical device field, Northeast Indiana is home to a lot of firsts. Warsaw-based OrthoPediatrics is the first medical device company to focus solely on pediatric orthopedic care. A producer of screws, plates and nails designed specifically for children, OrthoPediatrics is guided by a passion to ‘help children whose lives have been impacted by orthopedic conditions’. OrthoPediatrics provides life-saving tools to orthopedic surgeons specializing in pediatric trauma, deformity correction, scoliosis and more.
When developing medical devices, Nextremity Solutions, Inc. believes in the importance of working in tandem with surgeons to create products that serve the needs of patients across the world. Founded in 2007, the musculoskeletal product development company has distributed more than 238,000 sterile implant systems across the world. Nextremity also expanded its presence in Northeast Indiana by opening a new 69,479 square-foot facility in Warsaw, with plans to hire 100+ new employees by 2024. In early 2022, Medartis, a Swiss-based orthopedic company for head and extremity surgery, announced its intent to acquire Nextremity Solutions Inc.
Learn about these companies and others who are advancing the medical device industry in Northeast Indiana here.
Join the Medical Device Industry in Northeast Indiana
The state of Indiana boasts one of the highest concentrations of life science companies in the U.S. and fuels the industry with an educated talent pool from over 10 regional colleges and universities. Interested in making your mark on the Orthopedic Capital of the World? Our team is here to help your business innovate in Northeast Indiana so reach out to connect with us about why business is better in Northeast Indiana.
