new jersey’s life sciences industry sectorsurgical and medical instrument manufacturing source: nj...

Prepared by:New Jersey Department of Labor & Workforce Development

Office of Research & InformationBureau of Labor Market Information

Winter 2019-2020

New Jersey’s

Life Sciences Industry Sector

THE GOAL OF THIS REPORT IS TO GET AN “IDEA” OF WHAT LIFE SCIENCES MEANS TO NEW JERSEY

Identify the types of industries and establishments that make up the life sciences

industry sector based on a standard industry classification system.

Describe any similarities and differences among its components with regard to

such variables as employment, wage, occupation type, education, and demographic characteristics.

Examine any present distinctions within the sector and its components that give

New Jersey a competitive advantage compared to neighboring states, regions or the nation, or show areas where New Jersey could improve to add to the state’s economy.

Analyze the current state of the life sciences industry sector and provide an

outlook for employment into the future.

LIFE SCIENCES INDUSTRY SECTOR: OVERVIEW

NEW JERSEY LIFE SCIENCES INDUSTRY SECTORMAJOR INDUSTRY COMPONENTS

New Jersey’s Life Sciences employment in 2018 was identified within three primary components:pharmaceuticals (42.6%), biotechnology - R&D (40.7%) and medical device manufacturing (16.7%). Thebreakdown of the major segments are:

Pharmaceuticals• Pharmaceutical and medicine manufacturing• Soap, cleaning compound, and toiletry

manufacturing

Biotechnology (R&D)• Scientific research and development services

Medical Devices• Medical equipment and supplies manufacturing

Establishments that are primarily engaged in manufacturing or

distribution of drug related products.

Establishments primarily engaged in manufacturing medical equipment

and supplies.

Consists of service-related establishments primarily engaged in

scientific research, development and/or analytic.

Source: NJ Department of Labor & Workforce

Development, Quarterly Census of Employment and

Wages, 2018 Annual Averages

Prepared by: New Jersey Department of Labor and

Workforce Development, January 2020

NEW JERSEY LIFE SCIENCES INDUSTRY SECTORMAJOR NEW JERSEY EMPLOYERS

Pharmaceuticals Medical DevicesBiotechnology (R&D)

• Alberto-Culver Co.• Bayer HealthCare

Pharmaceutical• Bristol-Myers Squibb • Ethicon USA• Glaxo Smith Kline• Johnson & Johnson• Merck & Co. Inc.• Novartis Pharmaceuticals• Pfizer, Inc.• Sanofi Genzyme• Teva Pharmaceuticals USA• West-Ward

Pharmaceutical

• Abbott Laboratories• Bard International, Inc.• Becton Dickinson & Co.• Integra Life Sciences• Micro Corporation• Lohmann Therapy

Systems Corporation• Ortho McNeil

Pharmaceutical• Roche Molecular

Diagnostics • Safilo USA, Inc.• Stryker Orthopedics• Sony Electronics, Inc.

• Bioclinica, Inc.• Bioreference • Community Medical

Center• Collagen Matrix, Inc.• Covance, Inc.• Genesis Biotech• Immunomedics, Inc.• Medical Laboratory

Diagnostics• Lab Corp• Progenitor Cell Therapy• Sandoz, Inc.• SRI International

Some of New Jersey’s well-known employers in this sector include:

Source: 2019 InfoUSA



NEW JERSEY LIFE SCIENCES INDUSTRY SECTOROVERALL STATE IMPACT

Source: NJ Department of Labor & Workforce Development,

Quarterly Census of Employment and Wages, 2013 - 2018

Annual Averages



The Life Sciences Sector has an enormous impact on providing high quality jobs and adding significant value to the State’s economic activities. Recent New Jersey highlights included:

• Employment Total: averaged 72,900 or 2.1 percent of all private sector workers in the state for 2018. Nationally, the proportion was just 1.1 percent.

• Well-paying Jobs: Paid over $11.4 billion in 2018 annual payrolls; 5 percent of the state’s total wages.

• Establishments total: nearly 1,600 in 2018. Over a five year period (2013-2018) – even with numerous industry related reorganizations –New Jersey’s pharmaceutical component still grew (by +14.7%).

NEW JERSEY LIFE SCIENCES INDUSTRY SECTORALL PRIVATE VS. INDUSTRY SECTOR EMPLOYMENT

0

20

40

60

80

100

120

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Emp

loym

en

t In

dex

Ye

ar 2

00

8 =

10

0%

Year

Life Sciences Total NJ Private Employment

Gray area denotes U.S. economic recession as defined by the National Bureau of Economic Research (NBER)



Wages, 2008 - 2018 Annual Averages



• The NJ life sciences industry experienced a steady decline from 2008 to 2014 (-19.5%), flattened out from 2014 to 2015 (-0.1%), increased from 2015 to 2016 (+0.4%), and is currently below the 2008 employment level (-20.4%).

• Total statewide private sector employment has led life sciences employment from 2010 to 2018 and is currently above the 2008 employment level by 4.5 percent.

NEW JERSEY LIFE SCIENCES INDUSTRY SECTOREMPLOYMENT SIZE, GROWTH, SALARY & LOCATION QUOTIENT

-8,000

-6,000

-4,000

-2,000

0

2,000

4,000

6,000

8,000

$0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000

Emp

loym

en

t G

row

th 2

01

3 -

20

18

Annual Average Wage 2018

Surgical And Medical Instrument Manufacturing






The above bubble graph has four elements: 1. Total 2018 employment - represented by the size of the bubble.2. 2013-2018 employment growth- shown on the Y-axis, or vertical position.3. 2017 annual average wages - shown on the X-axis, or horizontal position.4. Location quotient - indicated by the color of the bubble. The location quotient compares the concentration of the industry subsectors in the state to those of the nation. Industries with a location quotient above 1 are known as “basic industries” which (in theory) export a good or service from the state and in return, bring in wealth.

Toilet Preparation Manufacturing

Pharmaceutical Preparation Manufacturing

R&D in Biotechnology

R&D in the Physical, Engineering and Life Sciences

Surgical Appliances and Supplies Manufacturing

Medicinal and Botanical Manufacturing

LIFE SCIENCES INDUSTRY SECTOR: EMPLOYMENT ANALYSIS

NEW JERSEY LIFE SCIENCES INDUSTRY SECTOR5-YEAR EMPLOYMENT TREND

• With an average of 72,900 workers employed in this NJ sector in 2018, the employment over the 5-year period experienced a decline of 2.6 percent.

• The pharmaceutical component experienced the largest total percent loss over the 5-year period (-13.8%).






36,040 36,51031,340 31,770 31,760 31,070

27,140 25,80030,460 30,440 28,220 29,650

11,650 11,480 11,860 11,85011,510

12,180

74,820 73,790 73,650 74,06071,490

72,900

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

2013 2014 2015 2016 2017 2018

An

nu

al A

vera

ge E

mp

loym

ent

Year

Employment Trend2013 - 2018

Pharmaceuticals Biotechnology Medical Device Industry Cluster

NEW JERSEY LIFE SCIENCES INDUSTRY SECTORSUB-SECTOR EMPLOYMENT

In 2018, the 72,900 jobs within this New Jersey sector were concentrated in:

• 31,070 jobs• The pharmaceuticals component

accounted for 42.6 percent of the life sciences industry sector employment

• 29,650 jobs• Biotechnology (R&D) accounted for

40.7 percent of the life sciences sector employment

• 12,180 jobs • Medical devices is the smallest of the

three components and makes up 16.7 percent of the life sciences industry






29.3%

70.7%

Soap, cleaningcompound, and

toiletry mfg.

Pharmaceuticaland medicine

manufacturing

Pharmaceuticals

100.0%

Scientific researchand development

services

Biotechnology (R&D)

100.0%

Medicalequipment and

suppliesmanufacturing

Medical Devices

NEW JERSEY LIFE SCIENCES INDUSTRY SECTORPHARMACEUTICALS INDUSTRY EMPLOYMENT, 2018

1,230

1,810

6,150

14,870

0 5,000 10,000 15,000 20,000

Soap & Other Detergent Manufacturing

In-vitro Diagnostic SubstanceManufacturing


Pharmaceutical Preparation Manufacturing

2018 Employment

Pharmaceuticals Industry






• Made up 42.6 percent of the life sciences industry sector’s employment in 2018.

• Pharmaceutical & medicine manufacturing (-27.1%) and soap, cleaning compound, and toiletry manufacturing (-3.5%) and toilet preparation manufacturing (-7.0%) encountered a decline in employment from year 2013 to 2018.Due to disclosure issues, medicinal and botanical mfg., surface active agent mfg., other biological

product mfg., and polish and sanitation good manufacturing are not included in the chart above.

NEW JERSEY LIFE SCIENCES INDUSTRY SECTORBIOTECHNOLOGY INDUSTRY EMPLOYMENT, 2018

160

1,460

13,180

14,850

0 5,000 10,000 15,000 20,000

Research & Development in Nanotechnology

Social Science/Humanities Research

Research & Development in Physical,Engineering & Life Sciences

Research & Development in Biotechnology

2018 Employment

Biotechnology






• Accounted for 40.7 percent of the life sciences industry sector’s employment in 2018.

• Research & development in biotechnology (58.7%) and social science & humanities research (81.4%) both experienced a significant growth over the 5-year period from 2013 to 2018.

NEW JERSEY LIFE SCIENCES INDUSTRY SECTORMEDICAL DEVICES INDUSTRY EMPLOYMENT, 2018

800

920

7,120

0 2,000 4,000 6,000 8,000

Dental Equipment and Supplies Mfg

Dental Laboratories

Surgical Appliance and Supplies Mfg

2018 Employment

Medical Devices






• Represented 16.7 percent of the life sciences industry sector’s employment in 2018.

• Surgical appliance and supplies manufacturing grew (+15.5%) over the 5-year period from 2013 to 2018, while dental laboratories declined (-9.2%) during the same period.Due to disclosure issues, surgical and medical instrument manufacturing, and

ophthalmic goods manufacturing are not included in the chart above.

LIFE SCIENCES INDUSTRY SECTOR: ESTABLISHMENT ANALYSIS

NEW JERSEY LIFE SCIENCES INDUSTRY SECTOR5-YEAR ESTABLISHMENT TREND






430 430 430 440 500 490

690 710 750 800 690 730

390 380 390390

370 370

1,510 1,520 1,5701,630

1,560 1,590

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

2013 2014 2015 2016 2017 2018

An

nu

al A

vera

ge E

stab

lish

me

nts

Year

Establishment Trend2013 - 2018

Pharmaceuticals Biotechnology Medical Device Industry Cluster

• Establishments in this sector totaled 1,590 in 2018 after experiencing a notable growth (+5.3%) from 2013 – 2018.

• Pharmaceuticals sector has seen an upward trend from 2013 to 2018, adding an additional 60 establishments statewide.

NEW JERSEY LIFE SCIENCES INDUSTRY SECTORSUB-SECTOR ESTABLISHMENTS

• 490 establishments.• The pharmaceutical component

accounts for one-third of all life sciences industry establishments.

• 730 establishments.• Biotechnology embraces almost half

of all life sciences establishments in the state.

• 370 establishments. • The medical devices component has the

least establishments of all three life sciences industry components.

38.0%

62.0%

Soap, cleaningcompound, and

toiletry mfg.

Pharmaceuticaland medicine

manufacturing

Pharmaceuticals

100.0%

Scientific researchand development

services

Biotechnology (R&D)

100.0%

Medicalequipment and

suppliesmanufacturing

Medical Devices

In 2018, New Jersey had 1,590 establishments in this sector engaged in:






NEW JERSEY LIFE SCIENCES INDUSTRY SECTORPHARMACEUTICALS INDUSTRY ESTABLISHMENTS, 2018

• Accounted for 30.9 percent of the life sciences industry sector’s establishments in 2018.

• Establishments in the soap and cleaning compound manufacturing industries (-33.9%) declined from 2013 to 2018, while toiletry manufacturing industries (+9.5%) and pharmaceutical preparation manufacturing (+36.0%) both realized growth during the same period.

20

40

120

220

0 50 100 150 200 250

In-Vitro Diagnostic SubstanceManufacturing

Soap And Other Detergent Manufacturing


Pharmaceutical PreparationManufacturing

2018 Establishments

Pharmaceuticals Industry






Due to disclosure issues, medicinal and botanical mfg., surface active agent mfg., other biological product mfg., and polish and sanitation good manufacturing are not included in the chart above.

NEW JERSEY LIFE SCIENCES INDUSTRY SECTORBIOTECHNOLOGY INDUSTRY ESTABLISHMENTS, 2018

• Made up 45.9 percent of all establishments in the life sciences industry sector in 2018 with 730 establishments.

• R & D in biotechnology (+22.3%) and social science & humanities research (+7.1%) both experienced growth from 2013 to 2018, while R & D development in physical, engineering and life sciences (-10.1%) experienced a decline in establishments during the same period.

20

90

310

310

0 100 200 300 400

Research & Development inNanotechnology



R & D in Physical, Engineering & LifeSciences

2018 Establishments

Biotechnology (R&D)






NEW JERSEY LIFE SCIENCES INDUSTRY SECTORMEDICAL DEVICES INDUSTRY ESTABLISHMENTS, 2018

• Represented 23.1 percent of the life sciences industry sector’s establishments in 2018.

• Surgical appliance and supplies manufacturing grew (16.9%), while dental laboratories (-24.6%) experienced a decline in establishments over the 5-year period from 2013 to 2018.

20

100

140

0 25 50 75 100 125 150


Surgical Appliance and Supplies Mfg

Dental Laboratories

2018 Establishments

Medical Devices






Due to disclosure issues, surgical and medical instrument mfg., and ophthalmic goods mfg. are not included in the chart above.

LIFE SCIENCES INDUSTRY SECTOR: ANNUAL AVERAGE WAGE ANALYSIS

NEW JERSEY LIFE SCIENCES INDUSTRY SECTORALL PRIVATE SECTOR VS. LIFE SCIENCES ANNUAL AVERAGE WAGE

$1

15

,78

0

$1

19

,15

0

$1

23

,58

0

$1

27

,79

0

$1

38

,97

0

$1

43

,53

0

$1

52

,51

0

$1

60

,33

0

$1

55

,87

0

$1

58

,71

0

$1

57

,08

0

$5

4,9

30

$5

4,5

40

$5

5,7

40

$5

6,8

90

$5

8,0

90

$5

9,0

30

$6

0,1

50

$6

1,9

80

$6

2,4

20

$6

3,7

40

$6

5,3

60

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

$160,000

$180,000

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

An

nu

al A

vera

ge W

age

Year

Life Sciences All Industries






• Wages in the life sciences sector have averaged 237% of the statewide annual average wage since 2008.

• Annual average wages for the sector have risen +35.7% over the ten year period from 2008 to 2018.

NEW JERSEY LIFE SCIENCES INDUSTRY SECTOR5-YEAR AVERAGE ANNUAL WAGES TREND

• This sector’s average annual wage was $157,080 in 2018, which was 140.3 percent higher than the state’s total private sector’s average annual wage of $65,360.

• All three of this sector’s components had 2018 wages that were significantly higher than the state’s total average annual wage.






$1

59

,26

0

$8

6,9

30

$1

66

,18

0

$9

9,9

20

$5

9,0

30

$1

42

,74

0

$9

2,0

40

$1

94

,97

0

$1

39

,28

0

$6

5,3

60

$0

$50,000

$100,000

$150,000

$200,000

Pharmaceutical &Medicine Mfg.

Soap, CleaningCompound &Toiletry Mfg.

Scientific R&DServices

Medical Equipment& Supplies Mfg.

Total StatewideSectors

An

nu

al A

vera

ge W

age

Industry Sectors

2013

2018

NEW JERSEY LIFE SCIENCES INDUSTRY SECTORPHARMACEUTICALS INDUSTRY ANNUAL AVERAGE WAGE, 2018

$62,290

$86,560

$110,420

$148,920

$0 $50,000 $100,000 $150,000 $200,000

Soap & Other Detergent Mfg.

Toilet Preparation Mfg.

In-Vitro Diagnostic Substance Mfg.

Pharmaceutical Preparation Mfg.

2018 Annual Average Wage

Pharmaceuticals Industry• Annual average wages

decreased $12,680 (or -9.0%), from $140,570 in 2013 to $127,890 in 2018.

• Changes in this industry ranged from soap, cleaning, compound, and toiletry manufacturing (+5.9%) to pharmaceutical & medicine manufacturing (-10.4%) in annual average wages from 2013 to 2018.






Due to disclosure issues, medicinal and botanical mfg., surface active agent mfg., other biological product mfg., and polish and sanitation good manufacturing are not included in the chart above.

NEW JERSEY LIFE SCIENCES INDUSTRY SECTORBIOTECHNOLOGY INDUSTRY ANNUAL AVERAGE WAGE, 2018

$82,580

$92,360

$177,760

$221,560

$0 $100,000 $200,000 $300,000

Research & Development in Nanotechnology


R & D in Physical, Engineering & Life Sciences



Biotechnology (R&D) • Annual average wages were $194,970 in 2018, up +17.3 percent from $166,180 in 2013.

• Research and development in biotechnology experienced the highest wages increase from $178,860 in 2013 to $221,560 in 2018. A total growth of +23.9%.






NEW JERSEY LIFE SCIENCES INDUSTRY SECTORMEDICAL DEVICES INDUSTRY ANNUAL AVERAGE WAGE, 2018

$60,240

$67,690

$131,370

$0 $50,000 $100,000 $150,000

Dental Laboratories


Surgical Appliance and Supplies Mfg.


Medical Devices• Annual average

wages were $139,270 in 2018, up +39.4% from $99,910 in 2013.

• Dental laboratories experienced a significant wages increase from $47,940 in 2013 to $60,240 in 2018. A total growth of +25.7%.






Due to disclosure issues, surgical and medical instrument mfg., and ophthalmic goods mfg. are not included in the chart above.

LIFE SCIENCES INDUSTRY SECTOR: REGIONAL AND COUNTY ANALYSIS

NEW JERSEY LIFE SCIENCES INDUSTRY SECTOREMPLOYMENT BY COUNTY, 2018 ANNUAL AVERAGES






11,530

10,560 9,870

7,670 7,560

4,170

2,210 2,170 2,110

1,160 1,010 1,010 690

390 330 210 90 50 0

2,000

4,000

6,000

8,000

10,000

12,000

An

nu

al A

vera

ge E

mp

loym

ent

County

• In 2018, half of Bergen County’s employment was found in medical equipment and supplies manufacturing (3,780).

• 49.2 percent of the employment found in Somerset County was in pharmaceutical and medicine manufacturing (4,330).

Due to disclosure issues Cumberland, Salem and

Somerset Counties are not included in the chart above.

NEW JERSEY LIFE SCIENCES INDUSTRY SECTORLIFE SCIENCES ANNUAL AVERAGE WAGE BY REGION 5-YEAR TREND

$160,820

$172,830

$181,070

$172,330

$180,510$172,560

$124,290$129,120

$136,900 $139,030$132,550

$140,710

$70,590$75,090

$79,190 $80,900$84,770 $83,360

$60,000

$80,000

$100,000

$120,000

$140,000

$160,000

$180,000

$200,000

2013 2014 2015 2016 2017 2018

An

nu

al A

vera

ge W

age

Year

Life Sciences Annual Average Wage Trend

Northern Region Central Region Southern Region






• Northern Region - (Bergen, Essex, Hudson, Hunterdon, Morris, Passaic, Somerset, Sussex, Union, and Warren Counties) – Presented the smallest annual average wage increase (+7.3%) from 2013 - 2018.

• Central Region – (Mercer, Middlesex, Monmouth, and Ocean Counties) – Annual average wage for this region increased 13.2 percent during the same period.

• Southern Region – (Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, and Salem Counties) – This region experienced the highest growth in annual average wage over the five-year period. A total of 18.1 percent.

NEW JERSEY LIFE SCIENCES INDUSTRY SECTORCOUNTIES IN THE NORTHERN REGION






The highlighted region to the left consists of Bergen, Essex, Hudson, Morris, Passaic, Somerset, and Union Counties.

• Establishments – A majority of the Life Sciences industry related establishments can be found along major highways in New Jersey within a close proximity to New York, New York.

• Employment – Represent more than half of the life sciences employment in New Jersey in 2018.

• Average Wage – The average wage for these counties in life sciences related industries is comparatively above the statewide total average in this sector ($173,720 vs. $157,080).

NEW JERSEY LIFE SCIENCES INDUSTRY SECTORCOUNTIES IN THE CENTRAL REGION






The highlighted region to the left consists of Mercer, Middlesex, Monmouth, and Ocean Counties.

• Establishments - These counties account for more than a quarter of all establishments in the life sciences industry sector in New Jersey.

• Employment – Employment for these five counties makes up nearly one third of employment in the life sciences industry sector.

• Average Wage – The average wage for these counties in life sciences related industries is relatively below the statewide total average in this sector ($140,710 vs. $157,080) in 2018.

NEW JERSEY LIFE SCIENCES INDUSTRY SECTORCOUNTIES IN THE SOUTHERN REGION






The highlighted region to the left consists of Burlington, Camden, and Gloucester Counties.

• Establishments – Having a close proximity to Philadelphia, PA these three counties account for 6 percent of all life sciences industry establishments in New Jersey.

• Employment – The three counties have slightly more than 3,560 employment.

• Average Wage – The average wage for these counties in life sciences related industries is below the statewide total average in this sector ($83,080 vs. $157,080). These counties also account for 2.6 percent of total life sciences annual average wages paid in 2018.

LIFE SCIENCES INDUSTRY SECTOR: OCCUPATIONAL ANALYSIS

NEW JERSEY LIFE SCIENCES INDUSTRY SECTORTOP OCCUPATIONAL GROUPS, 2018

Occupational Title2018

Employment

2018 Average Salary

All Life Sciences Occupations 73,790 $92,310

Production 18,610 $42,040

Life, Physical, and Social Science 15,270 $115,100

Management 8,460 $190,420

Business and Financial Operations 7,000 $106,580

Office and Administrative Support 6,260 $50,860

Computer and Mathematical 4,110 $121,910

Architecture and Engineering 3,520 $110,820

Transportation and Material Moving 3,440 $35,100

Installation, Maintenance, and Repair 2,070 $63,050

Sales and Related 1,550 $106,150

Healthcare Practitioners and Technical 930 $79,400

Healthcare Support 580 $33,600


Development, Occupational Employment Statistics,

May 2018



Production25.3%

Life, Physical, and Social Science

20.8%

Management 11.5%

Business and Financial

Operations 9.5%

Office and Administrative

Support 8.5%

Computer and Mathematical

5.6%

Architecture and Engineering

4.8%

Transportation and Material Moving

4.7%

Installation, Maintenance, and Repair

2.8%

Other6.4%

Life Sciences Industry Sector

Note: Due to disclosure issues, of the total 73,790 jobs identified, only 99.6% could be used for this occupational analysis.

NEW JERSEY LIFE SCIENCES INDUSTRY SECTORTOP 20 OCCUPATIONS BY EMPLOYMENT, 2018

New Jersey Life Sciences Sector's Top 20 Occupations

NAICS and Occupational Title2018

EmploymentEducation

19-1021 Biochemists and Biophysicists 4,660 Doctoral or professional degree

19-2031 Chemists 4,510 Bachelor's degree

51-9111 Packaging and Filling Machine Operators and Tenders 3,310 High school diploma or equivalent

51-9061 Inspectors, Testers, Sorters, Samplers, and Weighers 2,000 High school diploma or equivalent

11-9121 Natural Sciences Managers 1,880 Bachelor's degree

51-9011 Chemical Equipment Operators and Tenders 1,830 High school diploma or equivalent

19-4031 Chemical Technicians 1,750 Associate's degree

51-9023 Mixing and Blending Machine Setters, Operators, and Tenders 1,730 High school diploma or equivalent

19-1042 Medical Scientists, Except Epidemiologists 1,630 Doctoral or professional degree

51-1011 First-Line Supervisors of Production and Operating Workers 1,460 High school diploma or equivalent

13-1041 Compliance Officers, Except Agriculture, Construction, Health and Safety, and Transportation 1,330 Bachelor's degree

17-2112 Industrial Engineers 1,190 Bachelor's degree

15-1132 Software Developers, Applications 1,180 Bachelor's degree

11-2021 Marketing Managers 1,120 Bachelor's degree

13-1161 Market Research Analysts and Marketing Specialists 1,100 Bachelor's degree

41-4012 Sales Rep., Wholesale and Manufacturing, Except Technical and Scientific Products 1,080 High school diploma or equivalent

11-3051 Industrial Production Managers 1,060 Bachelor's degree

53-7062 Laborers and Freight, Stock, and Material Movers, Hand 1,060 No formal educational credential

49-9041 Industrial Machinery Mechanics 930 High school diploma or equivalent

13-2011 Accountants and Auditors 900 Bachelor's degree



May 2018



NEW JERSEY LIFE SCIENCES INDUSTRY SECTORPHARMACEUTICAL COMPONENT, 2018

Production35.5%


17.5%

Office and Administrative Support

9.1%

Management8.5%

Business and Financial Operations

7.8%

Transportation and Material Moving

6.4%

Installation, Maintenance, and Repair

4.3%Computer and Mathematical

3.5%

Other7.3%

An occupational analysis of 33,500 jobs revealed that five major occupational groups in this component accounted for nearly three-fourths (78,4%) of the employment.

Production and Life, Physical, and Social Science occupations employed the most in this component with approximately 17,760 jobs.

Note: Due to disclosure issues, of the total 33,600 jobs identified, only 33,500 could be used for this occupational analysis.



May 2018



NEW JERSEY LIFE SCIENCES INDUSTRY SECTORPHARMACEUTICAL’S MAJOR OCCUPATIONAL GROUPS, 2018

• A majority of occupations in pharmaceutical & medicine manufacturing and pharmaceutical & chemical manufacturing are production related.

• In both industry groups, computer & mathematical and installation, maintenance and repair occupations account for a significant portion of the employment within the “Other” categories.

Production33%


24%

Management9%


Operations9%


Support7%

Other18%

Pharmaceutical & Medicine Manufacturing

Production41%


Support14%

Transportation and Material

Moving14%

Management6%


6%

Other19%

Pharmaceutical & Chemical Manufacturing



May 2018



NEW JERSEY LIFE SCIENCES INDUSTRY SECTORTOP PHARMACEUTICAL OCCUPATIONS, 2018



May 2018



3,3

10

3,2

60

1,7

30

1,7

20

1,4

70

1,1

00

93

0

$0

$20,000

$40,000

$60,000

$80,000

$100,000

0

500

1,000

1,500

2,000

2,500

3,000

3,500

Packaging andFilling MachineOperators and

Tenders

Chemists Mixing andBlending

Machine Setters,Operators, and

Tenders

ChemicalEquipment

Operators andTenders

Inspectors,Testers, Sorters,Samplers, and

Weighers

First-LineSupervisors of

Production andOperatingWorkers

IndustrialMachineryMechanics

Ave

rage SalaryEm

plo

yme

nt

Occupation

Employment Average Salary

NEW JERSEY LIFE SCIENCES INDUSTRY SECTORBIOTECHNOLOGY (R&D) COMPONENT, 2018


33.1%

Management17.4%


13.7%


9.4%


6.4%


Support6.3%

Production2.9%

Healthcare Practitioners and Technical

2.2%

Other8.6%

An occupational analysis of 28,000 jobs revealed that five major occupational groups in this component accounted for nearly four-fifth (79.9%) of the employment.

Life, physical, and social science occupations employed the most in this component with approximately 9,260 jobs, and accounted for more than one-third of the component.




May 2018



NEW JERSEY LIFE SCIENCES INDUSTRY SECTORBIOTECHNOLOGY (R&D) MAJOR OCCUPATIONAL GROUP, 2018

Life, Physical, and Social

Science34%

Management17%


Operations14%


9%


6%


Support6%

Other14%

Scientific Research & Development Services• The biotech’s occupational

group shows that this industry class holds a significant portion of professional, scientific, and technical workers with in-depth skills and knowledge related to science.

• In this bundle, production, healthcare practitioners & technical, and healthcare support occupations account for a significant portion of the employment within the “Other” category.



May 2018



NEW JERSEY LIFE SCIENCES INDUSTRY SECTORTOP BIOTECHNOLOGY (R&D) OCCUPATIONS, 2018



May 2018



4,0

20

1,3

40

1,2

10

1,0

10

97

0

95

0

83

0

$0

$25,000

$50,000

$75,000

$100,000

$125,000

$150,000

$175,000

$200,000

$225,000

$250,000

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

Biochemists andBiophysicists

Natural SciencesManagers

Chemists ChemicalTechnicians

MedicalScientists, ExceptEpidemiologists

MarketingManagers

Market ResearchAnalysts and

MarketingSpecialists

Ave

rage SalaryEmp

loym

en

t

Occupation


NEW JERSEY LIFE SCIENCES INDUSTRY SECTORMEDICAL DEVICE COMPONENT, 2018

Production49.3%

Office and Administrative Support12.1%

Transportation and Material

Moving10.4%

Architecture and

Engineering6.9%

Management6.1%


Operations4.7%

Other10.5%

An occupational analysis of 11,970 jobs revealed that five major occupational groups in this component accounted for more than four-fifths of the employment (84.8%).

Production occupations employed the most in this component with 5,900 jobs, and accounted for nearly half of the component (49.3%).




May 2018



NEW JERSEY LIFE SCIENCES INDUSTRY SECTORMEDICAL DEVICES MAJOR OCCUPATIONAL GROUPS, 2018

Production49%

Office and Administrative Support

12%Transportation and

Material Moving10%


7%

Management6%


5%Other11%

Medical Equipment and Supplies Manufacturing• The medical devices' occupational group shows that this industry class holds a significant portion of technical workers with skills and knowledge related to production.

• In this bundle, the installation, maintenance & repair, computer & mathematical, and sales & related occupations account for a significant portion of the employment within the “Other” category.



May 2018



NEW JERSEY LIFE SCIENCES INDUSTRY SECTORTOP MEDICAL DEVICE OCCUPATIONS, 2018



May 2018



64

0

59

0

53

0

47

0

33

0

31

0

30

0

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

0

100

200

300

400

500

600

700

Molding,Coremaking, andCasting Machine

Setters, Operators,and Tenders, Metal

and Plastic

MedicalAppliance

Technicians

Inspectors, Testers,Sorters, Samplers,

and Weighers

DentalLaboratoryTechnicians

Computer-Controlled

Machine ToolOperators, Metal

and Plastic

IndustrialEngineers

First-LineSupervisors of

Production andOperating Workers

Ave

rage SalaryEm

plo

yme

nt

Occupation


LIFE SCIENCES INDUSTRY SECTOR: DEMOGRAPHIC OVERVIEW

NEW JERSEY LIFE SCIENCES INDUSTRY SECTOREDUCATION CHARACTERISTICS

High School or less

16.0%

Some college/ Associates

degree13.4%

Bachelor's degree35.7%

Master's/ Professional

degree26.4%

Doctoral degree8.5%

Educational Breakdown • It is often mentioned that life sciences related employers require a well-educated and highly skilled workforce to meet the high level and technical demands of many of the occupations they need to fill.

• Nearly two-thirds of New Jersey’s workforce employed in this sector hold at least a Bachelor’s degree, many holding even more advanced degrees.

Source: U.S. Census Bureau, 2017 American

Community Survey



NEW JERSEY LIFE SCIENCES INDUSTRY SECTORGENDER, RACIAL, AND ETHNIC PROFILE

Male53%

Female47%

All Industries

White63%

Black10%

Asian22%

Other5%

Life Sciences

White68%

Black13%

Asian10%

Other8%

All Industries

Non-Hispanic

86%

Hispanic14%

Life Sciences

Non-Hispanic

80%

Hispanic20%

All Industries

Males outnumber females by 7.1 % in this sector

Male54%

Female46%

Life Sciences

The life sciences workforce has a greater proportion of NJ residents who are Asian (22.2%)

The life sciences workforce has fewer Hispanics than average


Community Survey



NEW JERSEY LIFE SCIENCES INDUSTRY SECTORLIFE SCIENCES SECTOR VS. TOTAL NONFARM

-30

.0%

-20

.0%

-10

.0%

0.0

%

10

.0%

20

.0%

30

.0%

65 & over

55-64

45-54

35-44

25-34

Less than 25

Age Breakdown of Workers in Life Sciences and All Industries

New Jersey, 2017

Life Sciences

All Industries

• The workforce of the life sciences industry is older than average with 50.8 percent aged 45 and up compared to only 46.8 percent overall.

• The largest disparity among age cohorts occurs in the 35-44 and 45-54 year old age groups, where 52.6 percent of the life sciences industry sector is found.

• 3.5 percent of the current NJ resident life sciences workforce is aged 65 and older.


Community Survey



NEW JERSEY LIFE SCIENCES INDUSTRY SECTORNJ RESIDENTS PERSONAL EARNINGS

11

.8%

13

.1%

19

.5%

14

.6%

20

.7%

9.5

%

10

.8%

32

.0%

23

.2%

17

.7%

9.9

%

9.5

%

3.4

%

4.2

%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

Tota

l Pe

rce

nt

of

Wo

rke

rs

Personal Earnings in New Jersey, 2017

Life Sciences All Industries

• Three-fourths of the workers (75.1%) in this sector earned over $50,000, whereas 55.3% of all workers (in all industries combined) earned less than $50,000.

• The percentage of workers making $150,000 or greater is almost a 3:1 ratio in favor of this sector.


Community Survey



Earnings (U.S. Dollars)

LIFE SCIENCES INDUSTRY SECTOR: TOP OCCUPATIONS OUTLOOK

NEW JERSEY LIFE SCIENCES INDUSTRY SECTORTOP LIFE SCIENCES OCCUPATIONS OUTLOOK ACROSS ALL INDUSTRIES

Source: New Jersey Department of Labor and Workforce

Development, 2016–2026 Industry and Occupational

Employment Projections.

Prepared by: New Jersey Department of Labor and Workforce

Development, January 2020

Employment Annual Average

Occupation Title Actual ProjectedChange

2016-2026Job Openings

2016 2026 Number Percent Exits Transfers Change Total

Phlebotomists 4,700 5,600 900 19.5 220 300 90 610

Laborers and Freight, Stock, and Material Movers, Hand 120,400 138,300 17,900 14.9 6,410 11,060 1,790 19,260

Receptionists and Information Clerks 54,000 60,050 6,050 11.2 3,550 3,780 600 7,930

Packers and Packagers, Hand 31,600 34,950 3,350 10.7 2,250 2,720 340 5,310

Chemists 7,350 8,100 750 10.3 200 480 80 750

Biochemists and Biophysicists 5,650 6,250 600 10.3 120 380 60 560

Chemical Technicians 4,200 4,650 450 9.9 150 260 40 450

General and Operations Managers 44,800 49,100 4,300 9.5 970 2,800 430 4,200

Natural Sciences Managers 4,300 4,650 350 9.0 100 250 40 390

Pharmacy Technicians 10,200 11,100 900 8.7 350 470 90 910

Packaging and Filling Machine Operators and Tenders 15,550 16,900 1,350 8.4 770 1,080 130 1,970

Sales Reps., Wholesale and Mfg., Except Tech and Scientific Products 46,950 49,800 2,850 6.1 1,600 3,240 280 5,120

Compliance Officers 11,200 11,800 600 5.6 320 580 60 970

Customer Service Representatives 70,750 74,350 3,600 5.1 3,710 5,440 360 9,510

First-Line Supervisors of Production and Operating Workers 13,000 13,600 600 4.9 420 850 60 1,340

Mixing and Blending Machine Setters, Operators, and Tenders 4,050 4,150 100 2.9 150 310 10 470

Chemical Equipment Operators and Tenders 3,550 3,650 100 2.7 100 280 10 390

Inspectors, Testers, Sorters, Samplers, and Weighers 13,250 13,050 -200 -1.5 550 1,010 -20 1,530

Office Clerks, General 73,450 72,050 -1,400 -1.9 4,270 4,160 -140 8,290

Secretaries and Adm. Assistants, Except Legal, Medical, and Executive 68,150 62,950 -5,200 -7.6 3,530 3,440 -520 6,450

NEW JERSEY LIFE SCIENCES INDUSTRY SECTORPROJECTED ANNUAL AVERAGE OPENINGS FOR TOP OCCUPATIONS

6,410

3,710

4,270

3,550

3,530

2,250

1,600

970

770

550

11,060

5,440

4,160

3,780

3,440

2,720

3,240

2,800

1,080

1,010

1,790

360

-140

600

-520

340

280

430

130

-20

-1,000 1,000 3,000 5,000 7,000 9,000 11,000

Laborers and Freight, Stock, and Material Movers, Hand

Customer Service Representatives

Office Clerks, General

Receptionists and Information Clerks

Secretaries and Administrative Assistants, Except Legal, Medical, andExecutive

Packers and Packagers, Hand

Sales Representatives, Wholesale and Manufacturing, ExceptTechnical and Scientific Products

General and Operations Managers

Packaging and Filling Machine Operators and Tenders

Inspectors, Testers, Sorters, Samplers, and Weighers

Job Openings

2016-2026 Projected Annual Average Job Openings

Exits Transfers Change

9,510

6,450

5,310

4,200

1,970

1,530

19,260

Source: New Jersey Department of Labor and Workforce

Development, 2016–2026 Industry and Occupational

Employment Projections.

Prepared by: New Jersey Department of Labor and Workforce

Development, January 2020

8,290

7,930

5,120

Occ

up

atio

ns

NEW JERSEY LIFE SCIENCES INDUSTRY SECTORCOPYRIGHT STATEMENT

This workforce product was funded by a grant awarded by the U.S. Department of Labor’s Employment and Training Administration. The product was created by the recipient and does not necessarily reflect the official position of the U.S. Department of Labor. The Department of Labor makes no guarantees, warranties, or assurances of any kind, express or implied, with respect to such information, including any information on linked sites and including, but not limited to, accuracy of the information or its completeness, timeliness, usefulness, adequacy, continued availability, or ownership. This product is copyrighted by the institution that created it. Internal use by an organization and/or personal use by an individual for non-commercial purposes is permissible. All other uses require the prior authorization of the copyright owner.

NEW JERSEY LIFE SCIENCES INDUSTRY SECTORCONTACT INFORMATION

New Jersey Department of Labor & Workforce Development

http://lwd.dol.state.nj.us/

P.O. Box 057

Trenton, NJ 08625-0057

Office of Research and Information

http://lwd.dol.state.nj.us/labor/lpa/LMI_index.html

Alex Ancianis– Labor Market Analyst

Tel: (609)292-2742

Email: [email protected]

http://lwd.dol.state.nj.us/

http://lwd.dol.state.nj.us/labor/lpa/LMI_index.html

mailto:[email protected]

new jersey’s life sciences industry sectorsurgical and medical instrument manufacturing source: nj...

Documents