Report Shows Double Digit Indiana Bioscience Job Growth
Latest Biennial Report from BIO Shows Impressive Job, Wage and Establishment Growth
Media Contact:
Kristin Jones, President & CEO
Indiana Life Sciences Association
317-752-9809
December 2, 2024 — Indianapolis, IN — Indiana added more than 7,000 life sciences jobs in the past five years, reaching 70,412, according to a new report by the Biotechnology Industry Organization (BIO) and TEConomy Partners. The report, The U.S. Bioscience Economy: Driving Economic Growth and Opportunity in States and Regions, shows Indiana remains in the top 10 states for life sciences employment. The average bioscience wage was $118,568–97 percent higher than Indiana’s private sector average.
“The numbers speak for themselves,” said Kristin Jones, President & CEO of the Indiana Life Sciences Association. “Indiana continues to be fertile ground to grow life sciences companies and attract top national and international talent. As we head into 2025, our diverse life sciences industry will keep us ahead of our national competitors.”
According to the report, “(Indiana’s) overall growth of 12.1 percent since 2019 was supported by double-digit job gains in three industry subsectors—bioscience-related distribution, pharmaceuticals, and research, testing, and medical laboratories. Indiana’s specialized employment concentration in the biosciences is supported by a diverse mix of strengths, with specialized concentrations in three of the five industry subsectors—agricultural feedstock and industrial biosciences, medical devices and equipment, and pharmaceuticals.”
Other notable highlights from the report:
- Indianapolis-Carmel-Greenwood is ranked fourth in the U.S. for number of employees in pharmaceuticals (16,346 people). Bloomington also makes the top 25 with 3,086 employees.
- Bloomington and Lafayette-West Lafayette are among 21 U.S. regions with an especially diverse set of bioscience industry strengths, with specializations in at least three of the five industry subsectors.
- Lafayette-West Lafayette and Indianapolis-Carmel-Greenwood are among the top metropolitan areas with the largest employment levels in agricultural feedstock and industrial biosciences.
About Indiana Life Sciences Association
Launched in 1994, the Indiana Life Sciences Association (formerly the Indiana Health Industry Forum) is a statewide, member-based trade association for organizations making living things healthier. Working in one of the top biotech clusters in the world, IN Life Sciences is a hub for life sciences industry networking, helping members grow, and advocating for policies to advance the life sciences business community. To learn more, please visit www.inlifesciences.org
About BIO BIO is the world’s largest trade association representing biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology products.
The U.S. Bioscience Economy: Driving Economic Growth and Opportunity in States and Regions