The medical device companies in Texas have expanded rapidly in the five years leading up to 2017. Despite accounting for a small portion of the national Medical Device Manufacturing industry, revenue growth in Texas has outpaced the national industry.
National corporations have recently invested in new Texas locations. Since 2010, the Patient Protection and Affordable Care Act (PPACA) has significantly increased the number of people in Texas with private health insurance, resulting in increased demand for healthcare and, as a result, a larger market for medical devices.
Over the five years, industry revenue increased at a 3.9 percent annualized rate to $1.8 billion.
Texas is home to many of the largest players in the medical equipment and supplies industry.
Abbott Laboratories, Agilent Technologies, Baxter International, Becton Dickinson, CareFusion, GE, Johnson & Johnson, Stryker, Thermo Fisher Scientific, and Zimmer are among the Fortune 1000 medical device companies with manufacturing or management operations in the state.
These companies, along with many others, have helped to build a strong medical equipment and supplies workforce in the state.
In this sector, more than 780 companies employ approximately 13,442 highly skilled workers, making Texas one of the top ten states in the country in terms of the medical device labor force.
Texas develops and manufactures a wide range of medical products, from surgical sutures and bandages to molecular biology kits and medication delivery systems.
Medical device companies in Texas serve a wide range of medical specializations, the state has developed several distinct clusters, including ophthalmology, orthopedics, cardiology, diagnostics, and wound care.
Top 9 Medical Device Companies in Texas
- GE Medical Systems Inc. (General Electric) Products by El Paso Cardiology
- Hitachi High Technologies Co., Ltd. America Instruments from Dallas Lab
- Ethicon, Inc. (Johnson & Johnson) Surgical Supplies in San Angelo
- Alcon Research & Development (Novartis) Ophthalmic products in Houston
- Plano Flextronics Contract design and production
- Abbott Laboratories
- Respiratory Care by Kimberly-Clark (disposables)
- Surgical devices and diabetes management at Medtronic Fort Worth and San Antonio
- Austin Diagnostics by Thermo Fisher Scientific
State Initiatives and Incentives
For medical device companies looking to expand or relocate to Texas, the state has a competitive and robust incentive program portfolio:
- Texas Enterprise Fund (TEF) – The Texas Enterprise Fund (TEF) is one of the nation’s largest “deal-closing” funds, established to bring new businesses and jobs to Texas. TEF has awarded more than $118 million to life science-related companies that have committed to creating 13,706 jobs in Texas since its inception.
- GURI (Governor’s University Research Initiative) – GURI was established by legislation signed by Governor Greg Abbott in 2015. Since then, the state has invested $36 million in attracting and recruiting top researchers to Texas’ higher education institutions.
- Product Development & Small Business Incubator Loan Program (PDSBI) – PDSBI provides long-term, asset-backed loans to near-bankable businesses developing and/or commercializing new or improved products, small businesses, non-profits, and small business incubators and accelerators, with preference given to entities in semiconductors, nanotechnology, biotechnology, biomedicine, and other emerging technologies.
- Texas Cancer Prevention and Research Institute (CPRIT) – CPRIT, which was established in 2007, provides grants to Texas organizations and institutions for cancer-related academic research, product development research, and the delivery of cancer prevention programs and services. CPRIT has awarded 1,132 grants totaling more than $1.79 billion to date.
- R&D Tax Credit – In 2013, Texas signed legislation to restore franchise tax credits for companies conducting qualified research activities (QRAs) for Texas businesses.
- The law gives Texas businesses the option of choosing either a sales tax exemption on property purchased by QRA personnel or the franchise tax credit, but not both. Both the sales tax exemption and the research credit have been extended until 2026.
- Regulation of Stem Cells – In 2012, the Texas Medical Board approved new guidelines for the use of experimental stem cell therapies. The guidelines require that stem cell procedures be performed solely for research purposes, that they are approved by a public or private institutional research board, and that patients sign consent forms. Texas has joined California, New York, and Illinois in enacting regulations governing stem cell research.
The medical device industry in Texas has grown in part due to the state’s well-known business friendliness.
According to Chief Executive magazine, the state’s business climate is the best in the country. There is also specific support for the life sciences.
It also helps that Houston is home to the world’s largest medical center, the Texas Medical Center. Last year, the Texas Medical Center announced that Johnson & Johnson Innovation would open a JLABS@TMC incubator for new businesses.
Many of the state’s largest medical device players, including more than a dozen Fortune 500 Medtech firms, have manufacturing facilities or significant operations.
Abbott Laboratories, Johnson & Johnson, Medtronic, GE, Stryker, Cardinal Health, St. Jude Medical, and Becton Dickinson are among them.
Medical Device companies in Texas
Here’s a comprehensive list of some of the medical device companies operating in Texas:
Abbott Laboratories
Address: 1921 Hurd Dr Irving, TX, 75038-4396 United States
Phone: (972) 550-1063
Website: Visit
Accellinent
Address: 503 Country Club Dr. Joshua, TX, 76058-6110 United States
Phone: (817) 688-7460
Website: Visit
Revenue: $95,041
Year Started: 1997
AeonClad Biomedical
Address: 7500 RIALTO BLVD 2 AUSTIN, TX 78735
Phone: (512) 263-3232
Founded: 2008
Annual Revenue: $99,000.00
Aggredyne
Address: 10530 Rockley Rd Houston, TX, 77099-3554 United States
Phone: (866) 800-1955
Website: Visit
Revenue: $756,919
Year Started: 2015
Incorporated: 2011
Alcon Laboratories Inc. (Novartis)
Address: 6201 South Fwy Fort Worth, TX, 76134-2001 United States
Phone: (817) 293-0450
Website: Visit
Revenue: $1.55 billion
Year Started: 2000
Incorporated: 2011
Alliance Spine
Address: 14206 Northbrook Dr San Antonio, TX, 78232-5020 United States
Phone: (210) 314-2525
Website: Visit
Revenue: $20.93 million
Year Started: 2009
B Braun Medical
Address: 1601 Wallace Dr Ste 150 Carrollton, TX, 75006-6690 United States
Phone: (972) 245-2243
Website: Visit
Fax: +1 610-691-5400
Email: [email protected]
Becton, Dickinson & Co. (BD)
Address: 5859 Farinon Dr Ste 200 San Antonio, TX, 78249-3461 United States
Phone: (210) 526-5000
Website: Visit
Email: [email protected]
Beyond Dental & Health
Address: 101 N McGee St Borger, TX, 79007-4015 United States
Phone: (806) 274-2285
Website: Visit
Revenue: $74,432
Year Started: 2018
Bio2 Medical
Address: 18618 Tuscany Stone San Antonio, TX, 78258-3465 United States
Phone: (210) 694-5222
Revenue: $814,211
Year Started: 2006
Incorporated: 2006
Bio-Rad Laboratories
Address: 3201 Technology Dr Plano, TX, 75074-7441 United States
Phone: (972) 596-6165
Website: Visit
Fax: +33 1 4795 6181
Caris Life Sciences
Address: 750 W John Carpenter Fwy Ste 800 Irving, TX, 75039-2520 United States
Phone: (866) 771-8946
Website: Visit
Revenue: $92.76 million
Year Started: 1996
Incorporated: 2017
Castle Biosciences
Address: 820 S Friendswood Dr Ste 201 Friendswood, TX, 77546-4500 United States
Phone: (866) 788-9007
Website: Visit
Revenue: $94.08 million
Year Started: 2007
Incorporated: 2007
CCS Medical
Address: 1505 Lyndon B Johnson Fwy Ste 600 Farmers Branch, TX, 75234-6074 United States Phone: (972) 628-2100
Website: Visit
Revenue: $35.29 million
Year Started: 2002
Incorporated: 2005
Celanese
Address: 222 Las Colinas Blvd W Ste 900N Irving, TX, 75039-5467 United States
Phone: (972) 443-4000
Revenue: $8.54 billion
Sales Growth: -10.2%
Year Started: 1918
Incorporated: 2004
CeloNova Biosciences
Address: 8023 Vantage Dr Ste 1000 San Antonio, TX, 78230-2436 United States
Phone: (210) 489-4000
Website: Visit
Revenue: $23.51 million
Year Started: 2011
Incorporated: 2000
Ceutical Labs
Address: 3820 Burr Oak Ct Bedford, TX, 76021-6175 United States
Phone: (817) 247-7513
Website: Visit
Revenue: $2.75 million
Year Started: 2008
Confluent Medical Technologies
Website: Visit
Address: 9208 Waterford Centre Boulevard, Suite 150 Austin, TX 78758
Phone: 512.200.9351
DAC Vision
Address: 3630 W Miller Rd Ste 350 Garland, TX, 75041-6050 United States
Phone: (972) 677-2700
Website: Visit
Revenue: $54.88 million
Year Started: 1976
Incorporated: 1976
DisperSol Technologies
Address: 111 W Cooperative Way Bldg 3 Georgetown, TX, 78626-8204 United States
Phone: (512) 686-4740
Website: Visit
Revenue: $9.37 million
Year Started: 2012
DJO Surgical (DJO Global business unit)
Address: 2900 Lake Vista Dr Lewisville, TX, 75067-3889 United States
Phone: (800) 321-9549
Website: Visit
Revenue: $1.20 billion
Year Started: 1978
Incorporated: 1995
DLK Medical Technologies, Inc
Address: 5440 Red Bird Center Dr. Dallas, Texas 75237
Phone: (844) 638-0127
Email: [email protected]
EchoMRI
Address: 16223 Park Row Ste 180 Houston, TX, 77084-5137 United States
Phone: (281) 492-0082
Website: Visit
Revenue: $400,319
Year Started: 1996
ENTrigue Surgical
Address: 12672 Silicon Drive, Suite 150, San Antonio, Texas, United States
Website: Visit
Email: [email protected]
Phone: +44 20 7401 7646
Founded: 2013
Annual Revenue: $2,853,847.00
Estill Medical Technologies
Address: 1606 Industrial Ct Arlington, TX, 76011-4726 United States
Phone: (214) 561-6001
Revenue: $3.20 million
Year Started: 1997
Incorporated: 1998
Fisher Healthcare (ThermoFisher Scientific)
Address: 2150 Woodward St Austin, TX, 78744-1038 United States
Phone: (512) 202-6374
Website: Visit
Email: [email protected]
Flextronics International, USA
Address: 600 Shiloh Rd Plano, TX, 75074-7209 United States
Phone: (817) 837-5098
Website: Visit
Email: [email protected]
ForwardMed LLC
Address: 2511 Wind Fall Ln Sugar Land, TX, 77479-1408 United States
Phone: (832) 526-0150
Revenue: $118,992
Year Started: 2009
G-CON
Address: 6161 Imperial Loop College Station, TX, 77845-5766 United States
Phone: (214) 220-4303
Website: Visit
Revenue: $2.34 million
Year Started: 2009
Genesis Biosystems
Address: 1500 Eagle Ct Lewisville, TX, 75057-2330 United States
Phone: (972) 315-7888
Website: Visit
Revenue: $3.79 million
Year Started: 2002
Incorporated: 2001
German Diagnostics
Address: 14610 State Highway 249 Houston, TX, 77086-4200 United States
Phone: (281) 397-8999
Revenue: $190,760
Year Started: 2012
Invictus Medical
Address: 16601 Blanco Rd Ste 110 San Antonio, TX, 78232-1938 United States
Phone: (210) 862-1376
Website: Visit
Revenue: $505,742
Year Started: 2010
Keraplast Technologies
Address: 19210 Huebner Rd Ste 103 San Antonio, TX, 78258-3104 United States
Phone: (210) 494-5596
Website: Visit
Revenue: $2.90 million
Year Started: 1996
Mainstream Medical Devices
Website: Visit
Address: 3913 Todd Lane, Suite 304 Austin, Texas 78744 United States
Email: [email protected]
Metric Medical Devices Inc
Address: 846 Silver Springs Helotes, Texas 78023
Phone: 830.535.6300
Preventice Solutions
Address: 1717 N Sam Houston Pkwy W Ste 100 Houston, TX, 77038-1324 United States
Phone: (281) 760-0500
Revenue: $48.45 million
Year Started: 2009
Prytime Medical Devices Inc.
Website: Visit
Address: 229 North Main Street, Boerne, TX 78006
Phone: 210.340.0116
Fax: 210.558.1860
Email: [email protected]
Strukmyer Medical
Website: Visit
Address: 1801 Big Town Blvd, Mesquite Texas 75149
Email: [email protected]
Phone: (+1) 214-275-9595
Tetra technologies inc
Address: 24955 Interstate 45 The Woodlands, TX, 77380-3055 United States
Phone: (281) 367-1983
Website: Visit
Revenue: $388.27 million
Sales Growth: -32.7%
Year Started: 1981
Incorporated: 1981
Vivante health
Address: Houston, Texas, United States
Website: Visit
Email: [email protected]
Phone: 888-200-5492
FAQs about the medical device companies in Texas
Here are the top answers to the frequently asked questions about medical device companies in Texas;
- What’s the market size of the medical device companies in Texas?
The medical device companies in Texas have been able to generate $2 billion in income.
- How many medical device companies are in Texas?
There are over 780 medical device companies in Texas
- What’s the industry’s employment rate in Texas?
The medical companies in Texas have employed approximately 13,442 highly skilled workers, making Texas one of the top ten states in the country in terms of the medical device labor force.
- Who are the top players in the medical device industry?
Medtronic PLC, Abbott Laboratories, Smith & Nephew PLC, Stryker Corporation, and Novartis International AG are the companies with the largest market share in Medical Device Manufacturing in the Texas industry.
Conclusion
Texas’ rise, however, is far from over. According to Imran of InCube, the three major U.S. medical device industry hubs California, Minnesota, and Massachusetts have three major advantages:
A plethora of groundbreaking ideas is generated inside and outside of universities, a large community of entrepreneurs who can identify fruitful ideas and cultivate them into promising companies, and a large pool of risk capital to pay for medical device development.
While Texas cannot yet compete with the top-tier Medtech hubs, it is making progress.
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Chibueze Uchegbu is a certified medical physiologist with a great passion for healthy living.
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