Research and Development in Biotechnology (except Nanobiotechnology) in Massachusetts
Revenue benchmarks for research and development in biotechnology (except nanobiotechnology) businesses operating in Massachusetts.
#3 of 50 states+74.5% vs national avg
Average Revenue
$20.3M
per year
Businesses
559
in Massachusetts
Revenue / Employee
$522K
per year
Labor Cost
50.0%
of revenue
Profit Margin
22.0%
industry average
Market Saturation
8.0
firms per 100K in MA
Total Revenue
$11.3B
all firms in MA
Total Employees
21,684
in MA
How Massachusetts Compares
National Average$11.6M
Massachusetts$20.3M
Difference+$8.7M (+74.5%)