The 2011 report on California’s biomedical industry report is a collaborative effort between the California Healthcare Institute, BayBio and PwC. It offers a comprehensive overview of the impact of the biomedical sector on California’s economy and includes data on employment, wages, education and investment, as well as a snapshot of the product development pipeline. Data in the report draws from public sources as well as a survey of industry executives.
The report provides insight into California’s rise to global leadership in the biomedical industry and the impact of the industry’s presence on the state. California is home to the biggest concentration of biomedical companies, researchers, entrepreneurs, suppliers, venture capitalists and workers in the world. Despite increased competition and proliferation of biomedical and medical technology innovation overseas, California remains the industry’s global leader and it stands to grow even larger as the U.S. epicenter of biomedical innovation.