Biotechnology Research Services Industry Financials

The healthcare industry in the US produces annual health spending of about $2 trillion. Goods and services are provided by manufacturers of drugs, medical devices, and other supplies, with combined annual revenue of $300 billion, and by care providers (hospitals, clinics, doctors offices, nursing homes) with combined annual revenue of $1.5 trillion. Much of the cost is funded by private health insurers with annual spending of $700 billion, and government health insurance programs like Medicare and Medicaid, with combined annual payments of $1 trillion. The industry is highly fragmented.

Using the 2002 Census Bureau Economic Census, Hoover's has generated an industry financial summary for the Biotechnology Research Services industry.