Research and Development in Biotechnology (except Nanobiotechnology) in Maryland
Revenue benchmarks for research and development in biotechnology (except nanobiotechnology) businesses operating in Maryland.
#8 of 50 states+6.6% vs national avg
Average Revenue
$12.4M
per year
Businesses
256
in Maryland
Revenue / Employee
$411K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
4.1
firms per 100K in MD
Total Revenue
$3.2B
all firms in MD
Total Employees
7,703
in MD
How Maryland Compares
National Average$11.6M
Maryland$12.4M
Difference+$766K (+6.6%)