Glens Falls, New York MSA Medical Device Cluster Summary
Medical Device Cluster Overview:
In a recent study issued in June 2020 by The Center For Economic Growth, Inc. in Albany it was revealed that Warren County, NY has the highest concentration of medical equipment manufacturing and supplier employment of any county in the US. The development of a medical device cluster in the Glens Falls, NY MSA (combined Warren & Washington counties) dates back to the 1950’s and 60’s when several local entrepreneurs launched catheter manufacturing operations in the region. These catheter products evolved over time as technology advancements increased the ability to design and manufacture catheters into much more sophisticated instruments and devices which are now able to perform increased levels of precision therapeutic, diagnostic and interventional operations. The original catheter/medical device companies were acquired by larger firms that continued to grow locally utilizing the expertise of two generations of highly skilled labor with training specific to the medical device industry. Most of the smaller sized medical device companies established in the region were formed by former employees of these original core companies. Several have become very high growth performers due to increased market demands for non-invasive medical procedures. Nearly the entire medical device cluster located in the Glens Falls MSA region has been developed by internal market expansions, spin offs and/or start-ups that have grown into larger operations that in some cases were acquired by national companies.
Medical Device Companies:
The following medical device manufacturing companies are located in the Glens Falls MSA (MSA includes Warren and Washington Counties)
Total Employees: 560
Est. Facility Size: 125,000 SF (Queensbury, NY); 52,000 SF (Latham, NY)
Description: AngioDynamics Inc. (NASDAQ NM: ANGO), AngioDynamics designs, develops, manufactures, and markets therapeutic and diagnostic medical devices that enable interventional physicians to treat peripheral vascular disease (PVD) and other non-coronary diseases. Interventional radiologists and vascular surgeons use AngioDynamic’s devices in minimally invasive, image-guided procedures to treat narrowed, obstructed, or ballooned peripheral arteries or veins, and non-cardiac organs. Major product lines include angiographic catheters, hemodialysis catheters, image-guided vascular access products, an endovascular laser venous system to treat varicose veins, and drainage products. Recently developed and launched the NanoKnife for the use in combating pancreatic cancer as well as other potential organs looking forward.
NAMIC/Medline Industries, Glens Falls
Total Employees: 330
Est. Facility Size: 167,000 SF
Description: NAMIC/Medline develops, manufacturers and markets medical devices that are used in a variety of interventional medical specialties including interventional cardiology, peripheral interventions, vascular surgery, electrophysiology, neurovascular intervention, oncology, endoscopy, urology, gynecology and neuromodulation.
Bates Industries, Moreau
Total Employees: 75
Est. Facility Size: 50,000 SF
Description: Bates Industries designs, manufactures, packages, distributes and sells medical, surgical, diagnostic and patient care devices.
BD-Becton Dickinson, Queensbury
Total Employees: 750
Est. Facility Size: 125,000 SF
Description: BD-Becton Dickinson, formerly known as C. R. Bard, is engaged in the design, manufacture, packaging, distribution and sale of medical, surgical, diagnostic and patient care devices. The company provides four major product group categories: vascular, urology, oncology and surgical specialties. BD develops, manufactures and markets a wide range of products for the peripheral vascular market
Praxis Technologies, Queensbury
Total Employees: 50
Est. Facility Size: 8,400 SF
Description: Founded in 1999, Praxis developed technology in the binder-assisted forming of metal powders. Engineering success in the area of titanium medical device manufacturing led to the development of patented 3D porous titanium technology in 2003. The Praxis business model encompasses licensing arrangements, R&D prototype development, and full-scale manufacturing.
Total Employees: 45
Est. Facility Size: 10,000 SF (Kingsbury) 10,000 SF (Queensbury)
Description: Delcath has developed an investigational system to mechanically isolate the liver from the general circulatory system in order to treat cancer in the liver with high doses of chemotherapeutic drugs while preventing the drugs from causing toxic effects upon other tissues. The Delcath treatment is called Percutaneous Hepatic Perfusion (PHP)™. PHP™ can be performed in an operating room or in a radiology suite under local or general anesthesia. Delcath’s approach to treatment employs a system of catheters and filters to isolate the liver from the general circulatory system and delivers a chemotherapeutic agent directly to the liver. The filters then remove the therapeutic agent from the blood before the blood circulates to the body. In this manner, the tumor is exposed to a high dose of the therapeutic, but all other regions of the body remain protected from the toxic effects.
Spectrum Plastics Extrusion, Glens Falls
Total Employees: 30
Est Facility Size: 15,000 SF
Description: Precision Extrusion Inc. designs and manufactures custom plastic tubing for the medical device industry. Various extruded tubing manufactured include single lumen tubing, multi-lumen tubing, liquid crystal polymer tubes, braided reinforced tubes, acetal mandrel.
Total Employees: 20
Est Facility Size: 35,000 SF
Description: Sterigenics provides contract sterilization solutions to the medical device and pharmaceutical industries, using ethylene oxide (EO), gamma and electron beam (E-beam) irradiation. Also provided are process capabilities for food safety and high performance specialty materials using gamma and electron beam radiation technologies.
Combined Approximate Total Employment Above: 2,200
Glens Falls MSA contains one the highest Location Quotients for Medical Device Manufacturing among all MSA areas statewide as well as nationally. At a location quotient of 21.3, Glens Falls is well above the Upstate average of 1.9 and much higher than the next highest area (Utica – 3.6).
Total employment in the Glens Falls MSA for all Medical Manufacturing Industry categories including Medical Devices and Pharmaceuticals was 3,337 (2000 Census).
Source: The Regional Economy of Upstate New York, Federal Reserve Bank of New York, Buffalo Branch. Fall, 2002.