Texas is one of the leading life science states in the country and continues to outpace national growth for the industry. We must continue to protect and grow the life science industry in this state.
Big Picture Facts:
- Texas’ bioscience industry is large and rapidly growing, employing 129,245 in 2023 across 9,212 establishments with employment growth of 21.6% since 2019.
- Bioscience-related academic R&D expenditures in Texas totaled $4.6 billion in 2022. Ranking 3rd in the county.
- NIH funding to Texas institutions reached $1.8 billion in 2023, growing 34% since 2019.
- Texas bioscience companies raised $8.7 billion in venture capital investment from 2019 through 2023. Ranking 5th in the country.
- State inventors are affiliated with nearly 8,000 bioscience-related patents over the same 5-year period. Ranking 9th in the country.
Subsector Highlights for Texas Include:
- Bioscience-related distribution has seen 12% growth in employers since 2019 and now there are 168 establishments, 4,748 employees, average annual wage of $119,431.
- Medical devices and equipment subsector has seen 41.3% growth in employers since 2019 and now there are 801 establishments, 15,040 jobs with average annual wage $94,416.
- Research, testing, and medical laboratories have seen 96.8% growth in employers since 2019 and now have 3,913 establishments, 37,702 jobs with average annual wage $113,689.
- Bioscience related distribution has seen 6.8% growth in employers since 2019 and now has 3,913 establishments, 57,770 jobs with average annual wage $134,377.
- Pharmaceuticals subsector has seen 56.2% growth in employers since 2019 and now there are 415 establishments, 13,985 jobs with average annual wage $123,068
More information can be found in the 2024 US Bioscience Economy Report and the accompanying Texas Specific One Pager located in the Industry Reports section.