If you’re a worker or resident of Maryland (if you didn’t know it yet), life sciences is the industry for you, says a new report.
According to a new report on workforce trends from Tech Economy Partners and the Coalition of State Biosciences Institutes, Maryland has experienced rapid growth in the life sciences sector over the past four years. Within the life sciences, this report explored agricultural raw materials and agricultural subsectors.
Industrial biosciences, bioscience-related distribution, pharmaceuticals and pharmaceuticals, medical devices and instruments, research, testing and medical laboratories. Twenty state associations, including the Maryland Technical Council (MTC), commissioned the preparation of this report.
During this time period, the organizations researched industry-specific job postings statewide and found that Maryland businesses posted 65,473 job postings. In 2022 alone, Maryland added his 20,723 life science jobs. This is a 39% increase from 2019, and a 12% increase in that year alone.
MTC CEO Kelly Schultz told Technical.ly that the report clearly shows that Maryland is a major powerhouse supporting the life sciences industry.
“Internally, everyone knows that Maryland is doing a great job,” Schultz said. “We have the assets and resources to advance these industries as one of the key drivers of economic growth in the state. But this has really proven it.”
Among all these additional vacancies, the top industries were research, laboratory and medical laboratories, accounting for 40% of the vacancies. Pharmaceuticals accounted for 34%. Top companies hiring across all of these roles include:
- AstraZeneca
- thermo fisher scientific
- BDs
- Emergent BioSolutions (i.e. have been laid off)
- Catalent
- quest diagnosis
- Novavax
- Charles River Laboratory
- GlaxoSmithKline
- LabCorp Drug Development
- Meso Scale Diagnostics, LLC.
- IQVIA
- WL Gore & Associates
- Bayer
- super eggplant pharmaceutical
According to Schultz, the most frequent job postings were for manufacturing jobs at the state’s largest companies. And while she certainly points to the need for large companies in the state’s industries, she said beyond employment, the presence of small businesses is key. Those companies and start-ups join to support, provide additional resources, or grow the product ideas of larger companies. In some cases, they are being acquired by big companies and building their pipeline, she added.
Schultz said the ecosystem will provide peace of mind for residents working in the sector.
“It creates an atmosphere for people that even if they don’t like their job at the company they’re in, it’s okay to come here. We know we can do it and we have the resources to do it,” Schultz said.
Additionally, the report showed a growing presence of roles that do not require higher education. Of the positions posted, 30% did not require applicants to have her four-year degree (43% required a bachelor’s degree and 27% required a higher degree). Schultz acknowledged that manufacturing accounts for the majority of this figure, but said the lab has some entry-level positions that don’t require a four-year degree, and that he hopes to increase access in the future. added.
“It’s not enough to just recycle our workforce. We have to create a new workforce that meets the demanding needs of industries that want a place here,” said Schultz.
Enterprise: Maryland Technology Council
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