Medical devices top biotech, pharmaceuticals in Bay State

BOSTON — Massachusetts’ medical device industry produces more jobs, pay and products
to the state’s economy than the biotech and pharmaceutical industries combined,
a University of Massachusetts analysis of economic census data reports. According
to the UMass report published in the Boston Globe, medical device companies employed
20,756 workers across the state, paid nearly $1 billion in wages, and shipped
$4 billion worth of products. That compares with 15,000 people making $860 million
in wages, and shipping $3.3 billion worth of products in the high tech and pharmaceutical
industries in the state, the report stated.