Number of Research and Development in Biotechnology (except Nanobiotechnology) Businesses in the US (2000–2023)
As of 2023
15,795
research and development in biotechnology (except nanobiotechnology) businesses in the United States
Number of Firms Over Time
Total Employment Over Time
Key Insights
- •The research and development in biotechnology (except nanobiotechnology) industry has grown 63% since 2000 (from 9,693 to 15,795 firms).
- •The peak year was 2023 with 15,795 firms.
- •Recent trend (last 5 years): the industry is growing (+12.3%).
- •Employment: 963,978 workers in 2023 (66.1% change since 2000).
- •Estimated 5-year survival rate: 57%.
Year-by-Year Data
| Year | Firms | Establishments | Employment | Entry Rate | Exit Rate | Net Growth |
|---|---|---|---|---|---|---|
| 2023 | 15,795 | 20,234 | 963,978 | 12.9% | 10.6% | +4.1% |
| 2022 | 15,633 | 19,757 | 913,029 | 14.9% | 11.7% | +8.6% |
| 2021 | 15,159 | 19,005 | 828,835 | 14.1% | 10.4% | +4.1% |
| 2020 | 14,349 | 17,948 | 795,258 | 12.5% | 10.5% | +2.9% |
| 2019 | 14,061 | 17,514 | 762,307 | 12.8% | 10.3% | +2.5% |
| 2018 | 13,642 | 17,023 | 740,803 | 12.7% | 10.5% | +3.8% |
| 2017 | 13,209 | 16,568 | 710,511 | 12.5% | 11.4% | +2.5% |
| 2016 | 12,869 | 16,344 | 667,468 | 13.4% | 11.8% | +1.9% |
| 2015 | 12,472 | 16,069 | 658,063 | 12.1% | 11.2% | +2.6% |
| 2014 | 12,285 | 15,869 | 661,622 | 14.0% | 11.5% | +5.0% |
Source: U.S. Census Bureau, Business Dynamics Statistics (BDS). Entry/exit rates refer to establishment openings and closings.