MEMPHIS and NASHVILLE, TN / ACCESSWIRE / July 25, 2022 / More than 20 of the UK’s most pioneering HealthTech companies will visit Tennessee this week (24-29 July 2022) to showcase their products and services in the US market. The visit will strengthen trade ties and enable companies to gain valuable insights into overcoming barriers to doing business in the US.
Led by the Association of British HealthTech Industries (ABHI), it marks the second in a series of trade missions organized by the industry association this year as part of its flagship US Accelerator program.
The missions – exclusively for members of the ABHI US Accelerator – are designed to provide participants with access to senior leaders, clinicians and procurement teams of world-class hospital systems in the US, support them in engaging with the right stakeholders and exploring key markets .
In the US, Tennessee is known as a life science powerhouse – and ranks second in the nation for exports of medical equipment and supplies, totaling $4.0 billion in 2020.
ABHI’s week-long mission will introduce the delegation to leaders from this dynamic ecosystem, including hospital systems, accelerators, business rooms and professional services companies.
The visit provides members with an excellent opportunity to explore the strengths of Tennessee’s two largest cities, Memphis and Nashville, home to world-renowned research institutions and a cluster of innovative companies. The mission is ideal for UK HealthTech companies looking to develop and strengthen trade partnerships across the state, and aims to generate further demand for UK-developed products.
Paul Benton, Managing Director, International, ABHI commented: “The health care system in Tennessee is a juggernaut that deserves a greater share of the vote compared to other parts of the country. We look forward to bringing back [40] from the UK’s leading innovators and healthcare clinicians to this vibrant state in July. Tennessee has a significant presence of leading systems and hospitals, and the scale of this health economy has fueled an influx of entrepreneurs and investment in recent years. Our visit will therefore give our members the opportunity to explore the wide opportunities for collaboration and partnership in the region and showcase what the UK HealthTech community has to offer.”
The ABHI US Accelerator, centered in Texas, is delivered in partnership with the Dell Medical School, one of the United States’ most pioneering academic institutions, located at the University of Texas, in Austin.
At the heart of the 12-month program is ABHI’s calendar of year-round trade missions that take members to key states in the US, enabling them to explore new markets, minimize risk, meet new customers and gain valuable market insight.
The upcoming trade mission will allow participants to explore Tennessee’s burgeoning healthcare and technology sector. The region is home to world-class systems and hospitals such as Ascension, AMSURG and St Jude Children’s Research Hospital. The state is also known for housing a greater concentration of employment in the healthcare and medical devices sector compared to both the Southeast and the US, and is backed by world-class research capabilities.
In addition, it is the birthplace of HCA – the world’s largest private hospital group – and offers a host of opportunities for UK HealthTech innovators and entrepreneurs looking to tap into this thriving ecosystem.
The cohort of companies participating in the visit will showcase a range of UK HealthTech products and solutions. Meetings will be held throughout the week with hospital systems senior management, group purchasing organizations (GPOs), distributors, investors and procurement teams in Nashville and Memphis. The mission includes a series of group meetings, networking events, working groups and introductions to a range of support organizations.
During the rest of the year, participants in this year’s ABHI US Accelerator will also participate in missions to other key states, as far as Minnesota, Florida and Massachusetts, where this year’s MedTech conference will be held.
The program provides nationwide support, building on the relationships and connections ABHI has built in the US. Companies have the opportunity to raise their profile through multiple ABHI-coordinated events, including partner opportunities, opinion panels and networking receptions, and the extensive trade mission program.
Some of the UK companies participating in the mission can be found here:
https://www.youtube.com/channel/UCXlCzcALQ3dgUxW857tfBKg
For more information visit: https://www.abhi.org.uk/international/abhi-us-accelerator/
About ABHI
ABHI is the UK’s leading health technology industry association (HealthTech).
ABHI supports the HealthTech community to save and improve lives. Members, including both multinationals and small and medium-sized enterprises (SMEs), provide products from syringes and wound dressings to surgical robots and digitally enhanced technologies. We represent the sector to stakeholders such as government, NHS and regulators. HealthTech plays a key role in supporting the delivery of healthcare and is a major contributor to the UK’s economic growth. HealthTech is now the largest employer in the wider Life Sciences sector, employing 138,100 people in 4,140 companies, with a combined turnover of £27.6 billion. The sector has experienced a growth of approximately 5% in recent years. ABHI’s 320 members represent approximately 80% of the industry by value.
Notes to editors
For more information, please contact Jonathan Evans, ABHI Associate Director, Communications
E-mail – [email protected]
Phone – +44 7841731968
SOURCE: The Association of British HealthTech Industries (ABHI)
Check out the source version at accesswire.com:
https://www.accesswire.com/709606/Over-20-Leading-UK-HealthTech-Innovators-Head-to-Tennessee-to-Strengthen-Trade-Partnerships