Most industries are feeling the effects of the recession. One that isn’t is Memphis’ medical device industry which is growing and expanding. The industry in Memphis features companies like Wright Medical, Metronic, NuVasive, Onyx, and Smith & Nephew. NuVasive recently announced a doubling of its 40,000 square-foot Memphis distribution center. Companies like NuVasive are attracted to Memphis because of access to distribution, particularly FedEx. Wright Medical also announced they were investing $10million to upgrade their Arlington based distribution center.
All of this comes of the heels of Memphis UT-Baptist Research Park which is currently under construction in phase 1 of a 6 phase project over the next 10 years which will add 1.2million square feet of research and education facility for the bio-medical sector of Memphis’ economy.
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