Indiana encapsulates the human capital, research partnerships and distribution networks that life sciences companies need to compete in the 21st century, and delivers them in a single, concentrated location.
Indiana has one of the top three most specialized
and concentrated life science workforces in the
Indiana’s life sciences exports totaled $7.4 billion
in 2009, the third highest in the United States.
Indiana’s patent rate is nearly three times higher
than the national average.
Indiana’s medical device industry is one of the state’s most valuable economic assets and has made Indiana a nationally recognized leader in the health care sector.
The sector employs over 20,000 people, accounting for more than 40 percent of the jobs in the state’s life sciences industry. - Walter H. Plosila, Ph.D., Indiana’s Life Sciences Industry: 2002-2010, June 2011
Indiana is the fifth largest state in percentage of medical technology industry employment. - Lewin Group, State Economic Impact of the Medical Technology Industry, June 2010
The industry generates more than $10 billion of annual economic output, and its reach extends far beyond direct employees because of its extensive supply chain and heavy concentration of manufacturing operations. Walter H. Plosila, Ph.D., Indiana’s Life Sciences Industry: 2002-2010, June 2011
In 2010, Indiana’s medical device companies manufactured more than $2 billion worth of exports or approximately $100,000 per employee. - Analysis by BioCrossroads of 2010 data from Wiser Trade database
It also provides high-paying jobs with the average medical device company employee being paid nearly $60,000 annually – more than 56 percent higher than the amount earned by the state’s average private sector worker. - Walter H. Plosila, Ph.D., Indiana’s Life Sciences Industry: 2002-2010, June 2011