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IN THE STATES

MASSACHUSETTS

The economic footprint of the biopharmaceutical industry can be measured by traditional indicators of employment and output, and its impact on the vendors, large and small, that provide services or supplies to America's biopharmaceutical research companies. The data below illustrates jobs, economic impact and clinical trial data for the industry as a whole, and vendor/supplier data from 15 major biopharmaceutical companies regarding their business relationships and total expenditures paid to vendors in Massachusetts in 2022.

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Economic
Output

$110.1B

Direct Jobs Supported by the Industry

92,733

Total Jobs Supported

353,035

State Total Vendor Relationships

4,987

State Total Vendor Spending

$4,762,487,048

Clinical
Trials

1,134

Investments at Clinical Trial Sites

$584.6M

Clinical Trial Participants

36,957

Total Economic Impact of Clinical Trial Sites

$1.6B

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