Greater Phoenix: Where business comes together to make the world better
Greater Phoenix has a long history of developing advanced sensors and electronics to support it as one of the best cities for wearable technology. These technologies across the region have recently found their way into medical devices and other innovative applications. Over the past 50 years, this region has become one of the most significant areas for developing and manufacturing microelectronics and semiconductors. Because of its robust supply chain and workforce, Greater Phoenix is well-positioned to support both legacy wearable companies and emerging disruptors.
Microelectronics Supply Chain
A robust ecosystem of semiconductor manufacturers and related technology manufacturers.
Competitive Operating Environment
Arizona has low corporate tax rates and competitive land and human capital costs.
Talent Pipeline
From engineering programs to computer science, Arizona is producing top talent needed to support the workforce demands.
Greater Phoenix: By the Numbers
15.9%
The global wearable market is projected to grow 15.9% annually from 2020 to 2027.
Grand View Research 2020
20%
of companies are testing out wearable devices in basic uses like security access, employee time management, and real-time employee communication
500M
Nearly 500 million wearable units are expected to ship in 2023
International Data Corporation, 2019
A robust supply chain and talented workforce make Greater Phoenix the ideal location for wearable technology businesses.
Positioned to support and expand
Greater Phoenix has a long history of developing advanced sensors and electronics, these technologies have recently found their way into medical device applications. Over the past 50 years, Greater Phoenix has become one of the top wearables cities to do business for developing and manufacturing microelectronics and semiconductor devices, with a high concentration of firms in the semiconductor supply chain and integrated circuit design and manufacturing.
In 2019, the WearTech Applied Research Center was created by Partnership for Economic Innovation (PEI) to help launch a future-of-health technology ecosystem around Arizona’s thriving biomedical scene. Located at the new Park Central Phoenix, the center offers an engineering lab and community space for innovation teams bringing disruptive IP to life.
Because of the region’s robust supply chain and workforce, Greater Phoenix is well-positioned to support both new-to-market wearable companies and the expansion of our existing cluster.
Selecting Greater Phoenix
Here are just a few reasons why so many top companies choose Greater Phoenix:
- True redundancy of power is available at a range of sites
- Water capacity to meet the needs of large users, as well as ultra-pure nitrogen infrastructure
- Competitive operating cost and tax environment with a number of available incentives
- Experienced permit and economic development teams who know how to care for large facilities and FABs
- Active workforce development community that is committed to partnering with business to meet their unique requirements
Sampling of wearable companies in Greater Phoenix
The companies below manufacture, use or develop technology for wearable devices.
- Manufacturing Operations
- Avnet
- Bard Peripheral Vascular
- Beckton Dickinson
- Benchmark Electronics
- Bioconcepts Inc
- Biomet Southwest
- Cayenne Medical
- Cranial Technologies
- Cymedica Orthopedics
- Dexcom
- GE healthcare
- Intel
- Medtronic
- Neural Micro Devices
- Neuromechanical Innovations
- NXP
- On Semiconductor
- Regenesis Biomedical
- Rightbio Metrics
- Rogers Corporation
- Rush Foot
- St. Jude Medical
- Sumco
- W.L. Gore
- Healthcare Providers
- Abrazo Healthcare
- Banner Health
- Cancer Treatment Centers of America
- Dignity Health
- Equality Health
- HealthTell
- HonorHealth
- Maricopa Integrated Health System
- Mayo Clinic
- Tgen
- TriWest Healthcare Alliance
- Wearable Tech Companies
- Benchmark Electronics
- DataSoft
- Garmin
- Life365
- Mediserve Information Systems
- Neolight
- Orion Health
- SpringActive
- Theraspecs
- UnisLink
- Virmedice
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