- East Midlands Innovation
- International trade
- Key Sectors
Healthcare and bioscience sector
The healthcare and bioscience sector can be broadly defined as comprising:
- Biotechnology (use of biological processes, organisms, or systems to improve the quality of human life)
- Medical technology (the diagnostic or therapeutic application of science and technology to improve the management of health conditions)
- Pharmaceuticals (development and manufacture of drugs and medicines)
- Specialist supporting services (contract research, packaging, sterilisation, raw material manufacture, technical consultancy etc).
All these are driven by the demand for improvements in health, predominantly through the NHS, retail pharmacy or exports. The healthcare and bioscience sector in the UK (and most of the world) is growing, reflecting an ageing, active population with higher expectations for health and well being.
Healthcare and bioscience makes a strong contribution to the East Midlands economy:
- 6.9% regional gross value added (GVA) (4th largest sector)
- 9.7% regional employment (2nd largest sector)
- 18% forecast employment growth, 2004-2014 (3rd highest sector)
- 47% forecast output growth, 2004-2014 (4th highest sector)
- 250 medical technology companies employing over 19,000 people
- 150 biotechnology and pharmaceutical companies employing over 12,000 people
- 14 NHS hospitals trusts and 9 NHS Primary Care Trusts (PCTs) employing over 100,000 people
- 6,000 healthcare and bioscience researchers in academia.
For more information about the support for this sector visit the Healthcare and Bioscience iNet.