Key Industry PlayersMorris County is home to an impressive array of companies in the life sciences industry. Notable names such as Zoetis, Teva Pharmaceuticals, Pfizer, Cellularity, Merck, Zimvie, Novartis Pharmaceuticals Corp, Gerber Products Co., BASF Corp, and Abbvie have established a strong regional presence. These companies contribute to the economic vitality and innovative ecosystem that drives the growth of the life sciences industry in Morris County.
Lucrative Salaries and Thriving SubsectorsProfessionals in the life sciences industry in Morris County enjoy competitive salaries that reflect the value placed on their expertise. Average salary earnings, adjusted for the cost of living, highlight the following figures:
- Surgical Appliance and Supplies Manufacturing: $93,834
- Surgical and Medical Instrument Manufacturing: $112,362
- Pharmaceutical Preparation Manufacturing: $265,728
- Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers: $102,971
- Medicinal and Botanical Manufacturing: $177,150
- Research and Development in Biotechnology: $301,736
Driving Economic GrowthThe life sciences industry in Morris County makes a substantial economic impact, with total top sales reflecting impressive figures:
- Research and Development in Biotechnology: $4,507,023,438
- Pharmaceutical Preparation Manufacturing: $2,223,966,970
- Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers: $443,437,968
- Surgical and Medical Instrument Manufacturing: $355,516,064
- Medicinal and Botanical Manufacturing: $259,613,585
- Surgical Appliance and Supplies Manufacturing: $244,756,152
Book an Appointment with the MCEDCMorris County’s life sciences industry is a shining example of innovation, talent, and economic success. The county has firmly established itself as a vibrant hub for life sciences with a concentration of jobs exceeding the national average, a diverse array of companies, and lucrative salaries.
If you are interested in learning more about the life sciences industry in Morris County, or if you are looking to relocate your business to the area, please contact the EDC today. We would be happy to answer any of your questions and discuss how membership, business counseling, and our resources will benefit your business.