The COVID-19 crisis exposed the opportunity for increased medical supply manufacturing capacity in New York City. The Partnership conducted research on New York City hospitals’ purchases and locally/domestically-sourced share compared to other large cities.
New York City hospitals spent $482 million domestically on medical equipment and supplies in 2019. Only 5% went to manufacturers within the five boroughs.
Statewide, 15% of New York hospitals’ $984 million in spending on medical supplies went to in-state manufacturers.