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June 4-7, 2018 | Boston, MA

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2018 BIO International Convention

BIO is Back in Boston to Celebrate 25 Years of Innovation

BIO 2018 Savethedate 

 

Strength of the Region

Massachusetts biopharma employment grew by 4.2% in 2015, for total growth of 37% over ten years. Employment in the biopharma industry rose to 63,026 in 2015, approximately 2,500 jobs more than 2014, based on data from the U.S. Bureau of Labor Statistics’ Quarterly Census of Employment and Wages (QCEW).

Massachusetts
also continues to far outpace the nation in biopharma manufacturing employment growth. In the last 10 years, Massachusetts biopharma manufacturing employment has grown by 33.6% to 10,616 jobs statewide. In the same time period, the United States lost 24,000 biopharma manufacturing jobs, a 7.9% decrease.

Funding and Capital

Seven of the top 15 NIH-funded independent hospitals are in Massachusetts. With its high number of research institutions, on a per capita basis Massachusetts continues to receive significantly more NIH funding as the next closest state.

Forecasting Job Demand

MassBioEd published its first Annual Job Trends Forecast to project future job demand through May 2018. The report forecasts the total increase by May 2018 to be 4,325 new jobs, a 6.7% increase from May 2015.

 


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