Indiana’s $44 Billion Life Sciences Industry Packs a Powerful Punch (press release)
New report underscores state’s national rankings as a life sciences leader in the areas of exports, employment concentration, job growth and FDA filings.
For example, the report notes that by 2009, Indiana’s life sciences exports totaled $7.4 billion, ranking the third highest in the United States, behind only California and Texas. The state has the third highest life sciences employment concentration* nationally, and has seen a 21% increase in life sciences employment, adding more than 8,800 new jobs to the industry since 2002. More than 50,000 workers at 825 companies comprise four life sciences sub-sectors: medical devices and equipment, drugs and pharmaceuticals, research, testing and medical laboratories, and agricultural feedstock and chemicals. Indiana’s health information technology sector contributes an additional 2,500 workers and 72 companies.
Other key findings in the report:
- More than $600 million in philanthropic funding has bolstered the life sciences community since 2000.
- Over 1,900 life sciences-related patents have been issued to Indiana holders since 2004.
- From 2005 to 2010, Indiana opportunities received nearly $1.8 billion in capital investment for new and existing life sciences companies.