Indiana is the place to be for orthopedic device manufacturers.
The Indianapolis Star recently reported that, despite the turbulent economic environment, orthopedic device manufacturers in the state appear to be holding steady. And if there’s any region that can act as a barometer for the orthopedics sector, it’s the Hoosier state. After all, three of the Top-10 orthopedics manufacturers call the state— and even more specifically, the city of Warsaw—home, as do a variety of suppliers and smaller medical device OEMs.
Accounting for roughly a quarter of all jobs in Warsaw’s Kosciusko County, the orthopedics and life sciences industries continue to dominate the area, despite mounting obstacles. Stymied by FDA turnover and potential healthcare reform, the area’s manufacturers are somewhat nervous about what the future may hold, the newspaper reports. Such change could slow down time to market and force OEMs to reduce prices, for example. And, although companies are staying afloat better than those in various other industries, they are experiencing setbacks from the recession as the uninsured opt to delay nonemergency surgeries such as joint replacements. But despite some slipping revenue, the companies seem to be optimistic that they will ride out the recession by maintaining if not gaining.
Read more about The Orthopedics Capital of the World, Warsaw, Indiana, and its role in the medtech industry from the pages of MPMN.
Tags: Economy, Indiana, Orthopedics
