Despite sky-high prices and widespread macro headwinds, the biotech sector is expected to continue to thrive. The biotech industry contributed $2.90 trillion to the U.S. economy in 2021 and added 2.10 million jobs.
According to Ryan Helwig, Principal and Project Director with TEConomy Partners, "Looking forward, the industry will continue to play a critical role, not only in addressing global health challenges but in helping to grow the U.S. economy by generating high-quality jobs."
