Industry Data
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 device, pharmaceutical, and digital health companies, combined with leading research institutions and healthcare organizations, Florida continues to strengthen its position as a global life sciences destination.
BioFlorida supports this growing ecosystem by connecting innovators, organizations, investors, researchers, and industry leaders across the state.
Florida Quick Facts
Bioscience Performance Metrics
Total Bioscience Industry Establishments, 2023: 9,481 – Quintile: I*
NIH Funding, FY 2023: $915.6M
Bioscience Venture Capital Investments, 2019 – 2023 :
$4.287B — Quintile II*
Bioscience-Related Patents, 2019 – 2023: 8,778 – Quintile I*
Biopharmaceutical Sector’S Contribution To Florida’S Economy
Economic Output, 2022: $64.3B
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
Industry Subsectors
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
- The U.S. Bioscience Industry: Fostering Innovation and Driving America’s Economy Forward – FLORIDA PROFILE (TEConomy/BIO, 2024)
- Biopharmaceutical Sector Impact on Florida’s Economy (PhRMA, 2022)
- Florida Benefits from Medtech (AdvaMed, 2021)
- Life Sciences Industry Profile (Enterprise Florida, 2021)
- Florida “Our Impact” Map (We Work for Heath)
- Pharmaceutical Clinical Trials in Florida (PhRMA, 2025)
National
- The U.S. Bioscience Industry: Fostering Innovation and Driving America’s Economy Forward (TEConomy/BIO, 2024)
- The Potential Economic Impacts of a Significant Shift in U.S. Biopharmaceutical Industry Revenues (TEConomy/PhRMA, 2019)
- The Economic Impact of the Medical Technology Industry (AdvaMed, 2021)
- Who Develops Medicines?: An Analysis of NIH Grants (Vital Transformation/BIO/PhRMA, 2021)
- Research and Development in the Pharmaceutical Industry (Congressional Budget Office, April 2021)
- Driving the Bioscience Economy Forward During the COVID-19 Pandemic: Best practices in State and Regional Economic Development Initiatives (BIO, 2021)
Industry Partners
- Advanced Medical Technology Association (AdvaMed) MEDTECH
- Biotechnology Innovation Organization (BIO) BIOTECH
- FloridaCommerce STATEWIDE ECONOMIC DEVELOPMENT
- Pharmaceutical Research and Manufacturers of America (PhRMA) PHARMA
- We Work for Health HEALTHCARE
Why Florida?
Florida continues to attract life sciences organizations through:
- A growing innovation ecosystem
- Leading healthcare and research institutions
- Access to talent and workforce development
- Strong investment and business growth opportunities
- Expanding clinical research and healthcare infrastructure
BioFlorida remains committed to supporting the continued growth and advancement of Florida’s life sciences industry.
