For Immediate Release: April 28, 2011
Contact: Cory Churches (202) 482-3809
Commerce Trade Official Highlights Exporting and Government Resources to Grow U.S. Medical Technologies Globally
Rockville, Md. – Nicole Y. Lamb-Hale, assistant secretary of commerce for manufacturing and services at the International Trade Administration addressed medical technology firms at the Johns Hopkins University Montgomery Campus, emphasizing the impact pursuing overseas markets can have on enhanced sales, innovation and increased employment.
“President Obama has challenged us to win the future through innovation and participation in global markets and this group is especially well-positioned to respond to this call,” said Lamb-Hale. “Maryland is a leader in the medical technology and life sciences industry and we are here today to encourage that innovation to spread through sales to consumers around the world.”
Medical technology is an important and growing industry, both domestically and worldwide. The United States is a leading producer in the field, with more than 422,000 U.S. workers employed by medical technology companies. In 2010, these companies exported $35.1 billion of medical technology goods. Maryland is home to more than 400 core bioscience companies, representing approximately 8 percent of the U.S. industry. This is the 2nd largest cluster in the U.S. and 4th overall in “core biotechnology” companies.
“Expanding exports in key markets will help realize the goals of President Obama’s National Export Initiative which aims to double exports by 2015, and the medical technology field is key to achieving that goal,” Lamb-Hale said.
The event is one of a series scheduled this year highlighting the broad array of services offered to companies from federal, state and local sources. Similar programs are scheduled around the country to encourage small and medium sized companies in the life sciences industry to pursue exporting opportunities, tap into federal, state and local resources, and locate financing sources. The next seminar in the series will take place May 18, in Cleveland, Ohio. Upcoming seminars include May 25 in Louisville, Kentucky and June 14 in Grand Rapids, Michigan. Each seminar will showcase the benefits of exporting medical technology products and introduce the tools available to help reach international markets.
International Trade Administration
The International Trade Administration (ITA) is the premier resource for American companies competing in the global marketplace. ITA has 2,100 employees assisting U.S. exporters in more than 100 U.S. cities and 77 countries worldwide. For more information on ITA visit www.trade.gov.
The International Trade Administration, U.S. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U.S. industry, and ensuring fair trade and compliance with trade laws and agreements. External links to other Internet sites should not be construed as an endorsement of the views or privacy policies contained therein. This site contains PDF documents. A PDF reader is available from Adobe Systems Incorporated.