Industry Snapshot

Growth Pattern

• The biotechnology industry is a vast field with much potential. Industry revenues more than quadrupled from $8 billion in 1992 to $33.6 billion in 2002. (Ernst & Young)
  
  
• The biotechnology industry employed 713,000 workers in 2002 and is anticipated to employ 814,900 workers in 2007. (Economy.com)
  
  
• Biotechnology-related Research and Development (R&D) expenditures amounted to $16.4 billion in 2001, about 10% of all U.S. industry R&D that year. (U.S. Department of Commerce)
  
  
• The scientific research, development, and technical services industry group is expected to be 1 of the top 10 fastest growing industry groups between 2002 and 2012, with a 70% increase in projected output growth. (U.S. Bureau of Labor Statistics)
  
  
• The life, physical, and social science occupations group is 1 of the top 5 occupational groups that has the highest projected percentage increase in employment between 2002 and 2012. Employment in the life sciences is expected to grow by 18%, led by a 19% increase in biological scientists. Biological technicians are also expected to increase by 19%. (U.S. Bureau of Labor Statistics)
  
  
• Employment in pharmaceutical and medicine manufacturing is projected to increase by 23% between 2002 and 2012. (U.S. Bureau of Labor Statistics)
  
  
• Jobs in biotechnology are diverse, creating excellent employment opportunities in many different areas. In addition to the many scientific jobs, there are many nonscientific jobs that usually do not require training in biology from writers and marketing specialists to genetic counselors. (U.S. Bureau of Labor Statistics)
  
  

View the brochure on the Biotechnology Industry view containing all of the information listed above and in the links below.

• Occupational Outlook
• Types of Jobs Created
• Workforce Issues
• Industry Forums
• Biotech Industry Success Stories