Health care/Life Sciences
HEALTH CARE/LIFE SCIENCES
HEALTH CARE UPDATE*
- The health care industry contributed $34 billion to New Jersey's Gross Domestic Product (GDP) in 2009, or roughly 7 percent of all state output.
- Health care industry employment is found in three industry groups: ambulatory health care services (44%), hospitals (36%), and nursing and residential care facilities (20%).
- From 1990 through 2010, the health care sector in New Jersey has added 154,000 new jobs, while all other industries combined had a net gain of only 54,600.
- Health care is the only industry that has added jobs in the state every year from 1990 through 2010 while increasing its share of jobholding from 7.5 percent in 1990 to 11.3 percent in 2010.
- The outlook for New Jersey's health care employment is bright. From 2008 through 2018, it is projected that more than 56,000 jobs will be added, an annual increase of 1.3 percent.
- Health care establishment employers paid more than $21 billion in total wages in 2009, or about 12.2 percent of all wages paid in New Jersey.
*Source: NJ Department of Labor and Workforce Development, Labor Planning & Analysis, New Jersey Key Industry Clusters (7/20/11) and New Jersey Labor Market Views (4/11/11).
BIO/PHARMA LIFE UPDATE**
- The bio/pharmaceutical and life sciences cluster accounted for $23 billion (nearly 5.0%) of New Jersey's Gross Domestic Product in 2009.
- New Jersey's bio/pharma life sciences employment totaled 125,965 in 2009, or 4.0 percent of the state's private sector workforce. Nationally, the proportion is just 2.0 percent.
- New Jersey's bio/pharma life sciences cluster employment is comprised of three primary components: pharmaceutical sector (44.2%), biotechnology (34.1%) and medical device manufacturing (21.6%).
- Over the past five years, this cluster's establishments have expanded by 15.9 percent in New Jersey, outpacing the nation by 6.0 percentage points.
- New Jersey bio/pharma life science employers paid more than $14 billion in wages during 2009, or 8.1 percent of the state's total wages.
- New Jersey's highly educated workforce is profoundly seen in this cluster as nearly two-thirds of its workers hold at least a Bachelor's (33.1%), Master's/Professional (23.0%), or Doctoral (8.2%) degree.
**Source: NJ Department of Labor and Workforce Development, Labor Planing & Aanalysis, NewJersey Key Industry Clusters (7/20/11) and New Jersey Labor Market Views (4/11/11).
Health care is expected to experience growth led by tremendous demand for home health aides and medical records and information technicians. The great need is partially explained by the aging of the baby boomer generation. Lots of jobs, like nursing, are already searching for workers, and look forward to a new group of trained professionals moving through the ranks.
Jobs within the health care industry are separated into three career paths:
- Patient Care, which includes registered nurses, licensed practical nurses, certified nursing assistants, home health aides, physical therapists, mental health and substance abuse social workers, and pharmacists
- Science and Technology Application, which includes radiology technicians and nuclear medicine technologists
- Administration, which includes medical coders
Health care workers must have:
- strong interpersonal and communication skills
- computer literacy skills
- the ability to work as a team.
Workers in New Jersey’s life sciences industry are making a difference throughout the world. They develop and market medical devices, vaccines, and medical treatments that are not only fighting illnesses and diseases but also saving lives.
Jobs in the life sciences typically fall into three areas:
- Research and Clinical Development
- Technical Operations and Manufacturing
- Corporate Administration, Sales, and Marketing
The industry is currently finding it difficult to recruit qualified scientists as well as experiencing problems filling positions in product management and regulatory affairs. Life sciences employers are seeking workers with:
- strong backgrounds in science, such as biology, chemistry, and biochemistry
- knowledge of physics, because of an increased emphasis on nanotechnology
- knowledge in statistics and computer science, with the emergence of fields such as biostatistics and bioinformatics
Employers also require workers to have:
- stellar project and financial management skills
- excellent presentation and writing skills
- strong teamwork and leadership skills, especially as workers are often required to collaborate with colleagues and clients across the globe