WESTLAKE, OHIO (July 3, 1:20 p.m. ET) — Northeast Ohio's prominence in the medical-device market was highlighted by PolyOne Corp. executive Craig Nikrant at a recent industry conference in that region.
Cleveland represents “a strong blend of world-class clinical research institutions, as well as medical-device and biomed companies,” said Nikrant, president of global specialty engineered materials, at Plastics in Medical Devices 2012 in Westlake.
Avon Lake, Ohio-based PolyOne is North America's largest maker of compounds and concentrates.
On the clinical and research side, Cleveland is home to Cleveland Clinic, University Hospitals, Summa Health System and Case Western Reserve School of Medicine. On the industry side, northeast Ohio is home to more than 700 biomed companies — compared with 300 in 2002. The health-care and bioscience industries employ a total of 230,000 in the region, he said at the June 12-13 conference.
Northeast Ohio also is home to 10 of the 18 largest medical-device makers in the U.S. The medical industry's high profile in the region will get even higher next year when the Cleveland Medical Mart & Convention Center opens in downtown Cleveland. Nikrant said the facility “will accelerate learning and business at unprecedented levels, and with an even-greater global reach.”