American bioscience innovations are creating high-skill, high-wage jobs, and driving economic growth and output.
America’s bioscience industry is helping to diversify and grow the U.S. economy. American bioscience innovations in health, energy and agriculture are creating high-skill, high-wage jobs, driving economic growth and output and helping to improve the quality of life for Americans from coast to coast.
The biosciences are a diverse group of industries and activities with a common link- they apply knowledge of the way in which plants, animals, and humans function. The sector spans different markets and includes manufacturing, services, and research activities. By definition, the biosciences are a unique industry cluster and are constantly changing to incorporate the latest research and scientific discoveries. The bioscience industry sector is defined as including the following four subsectors:
- Agricultural feedstock and chemicals
- Drugs and pharmaceuticals
- Medical devices and equipment
- Research, testing, and medical labs
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Source: Innovation Daily