Life Sciences and Medical Technologies
The
life sciences and medical technologies sector covers everything
from designing and building new medical equipment to tracking
dangerous diseases in a high tech laboratory. The Florida High
Tech Corridor’s vibrant life sciences and medical technologies
sector features a blend of biotech, pharmaceutical and medical
device companies, along with an extensive network of hospitals
and clinics. The state of Florida ranks third in the nation for
its number of Food and Drug Administration-recognized medical
device establishments, trailing No. 2 New York by a mere six companies.
Medical research facilities include the University of Central
Florida’s (UCF) Burnett College of Biomedical Sciences and
the Biomolecular Science Center; the University of South Florida’s
Health Sciences Center and the Tampa-based H. Lee Moffitt Cancer
Center; and, the prestigious Shands Hospital at the University
of Florida (UF), as well as UF’s Sid Martin Biotechnology
Incubator, among others. The Central Florida Research Park at
UCF is one of the country’s top 10 research facilities.
The sector is also supported by active trade groups such as the
Florida Medical Manufacturers’ Consortium.
The sector received a tremendous boost in 2006 when the Board
of Governors of the state university system gave UCF its approval
to create a medical college and The Burnham Institute for Medical
Research selected Orlando as the site of its East Coast expansion.
The Corridor hosts approximately 200 life sciences and medical
technologies companies, which in turn employ more than 9,100 people.
With an average salary of nearly $49,000, the total sector payroll
exceeds $411 million.
Watch the Life Sciences
and Medical Technologies Sector Video |