The Life Sciences In Florida Are Growing

Florida is one of the fastest growing bioscience regions in the world. With a strong base of biotechnology, medical devices and pharmaceutical companies, world-class research universities and some of the leading non-profit research institutes in the world, Florida has built a resource base to be a top bioscience destination.

Florida Quick Facts

Bioscience Performance Metrics

Total Bioscience Industry Establishments, 2023: 9,481 – Quintile: I*

NIH Funding, FY 2023: $915,591 – Quintile II*

Bioscience Venture Capital Investments, 2019 – 2023 ($ millions): $4,287 – Quintile II*

Bioscience-Related Patents, 2019 – 2023: 8,778 – Quintile I*

Biopharmaceutical Sector’S Contribution To Florida’S Economy

Economic Output, 2022: $64.3B

 Biopharmaceutical Sector Supported Jobs in Florida (direct & indirect), 2022: 244,952

Tax Revenue Generated, 2022: $3.3B

Average Compensation, 2022: $116.250 per employee in direct biopharmaceutical sector jobs

Venture Capital Investment, 2000-2020: $1.6B

Industry Subsectors

 Pharmaceutical Establishments, 2023: 632

Medical Device & Equipment Establishments, 2023: 1,023

Clinical Trials

Total Clinical Trials: 1,735

Dollar Amount Invested: $1.49B

Total Economic Impact: $4.65B

*State ranking figures for bioscience performance metrics are calculated as quintiles, where I = top quintile, III = middle quintile, and V = bottom quintile.

Important Life Sciences Documents

Florida
National

Industry Partners