The biosciences are recognized globally as a key driver of modern economic progress, offering enormous potential for linking basic research innovations with new market opportunities. Advances in human, plant, and animal biosciences have led to the growth of companies in many areas, from drug development to molecular diagnostics to biomaterials and biocomposites, biofuels, and other bio-related products. Recognizing this, states and regions throughout the United States are investing to create a business climate that supports the specific needs of the biosciences sector. These efforts focus on technology, talent, and capital, the key ingredients needed to grow a bioscience-driven economy.Key Findings: Biosciences Industry Trends' Growing bioscience employment base. Total U.S. employment in the biosciences reached 1.3 million in 2006 (the latest year for which data are currently available), up from 1.2 million in 2004 and led by strong growth in the research, testing, and medical lab subsector' Outpacing the overall private sector. The national biosciences sector continues to outperform the overall private sector. Employment in the biosciences grew 5.7 percent since 2001, compared with a 3.1 percent increase in employment in the overall private sector. Three-quarters of this overall job growth has occurred since 2004, with the biosciences adding nearly 53,000 jobs between 2004 and 2006.' Performing at a high level as demonstrated by levels of R&D, patents issued, and venture capital invested. Academic bioscience R&D expenditures totaled $29 billion in fiscal year (FY) 2006, accounting for more than 60 percent of total U.S. academic R&D.' Distributed across the United States. Bioscience employment is distributed across the 50 states and Puerto Rico, with numerous states developing strong niches in certain specializations.2 business days delivery.
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US BioScience Industry- 2008
Published on July 2009
Report Summary
The biosciences are recognized globally as a key driver of modern economic progress, offering enormous potential for linking basic
research innovations with new market opportunities. Advances in human, plant, and animal biosciences have led to the growth of
companies in many areas, from drug development to molecular diagnostics to biomaterials and biocomposites, biofuels, and other
bio-related products. Recognizing this, states and regions throughout the United States are investing to create a business climate that
supports the specific needs of the biosciences sector. These efforts focus on technology, talent, and capital, the key ingredients
needed to grow a bioscience-driven economy.
Key Findings: Biosciences Industry Trends
' Growing bioscience employment base. Total U.S. employment in the biosciences reached 1.3 million in 2006 (the latest year for
which data are currently available), up from 1.2 million in 2004 and led by strong growth in the research, testing, and medical lab
subsector
' Outpacing the overall private sector. The national biosciences sector continues to outperform the overall private sector. Employment
in the biosciences grew 5.7 percent since 2001, compared with a 3.1 percent increase in employment in the overall private sector.
Three-quarters of this overall job growth has occurred since 2004, with the biosciences adding nearly 53,000 jobs between 2004 and
2006.
' Performing at a high level as demonstrated by levels of R&D, patents issued, and venture capital invested. Academic bioscience
R&D expenditures totaled $29 billion in fiscal year (FY) 2006, accounting for more than 60 percent of total U.S. academic R&D.
' Distributed across the United States. Bioscience employment is distributed across the 50 states and Puerto Rico, with numerous
states developing strong niches in certain specializations.
2 business days delivery.
Table of Content
Table of content
1. Executive Summary
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