Chapter 4

Life Sciences Medtech Talent

U.S. Life Sciences Talent Trends 2024

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The U.S. medtech talent pool is led by the similarly matched Los Angeles-Orange County and Minneapolis-St. Paul markets.

Boston-Cambridge and the San Francisco Bay Area are close behind, bolstered by their burgeoning biotechnology industries. Other traditional life sciences clusters such as New York-New Jersey, San Diego, Chicago and Philadelphia also offer attractive pools. Salt Lake City and Pittsburgh offer generous talent pools for their smaller market sizes. Milwaukee, Tampa, New Haven, CT and Providence, RI made our top 25 for medtech talent, but not for R&D or manufacturing.

Figure 19: Top 25 Ranked Markets for Medtech Talent

Source: CBRE Research, Q2 2024.

Figure 20 illustrates that 37% of the top 100 medtech talent is in Los Angeles-Orange County and Minneapolis-St. Paul. Together with Boston-Cambridge and the San Francisco Bay Area, these four markets house 58% of the talent in the top 100 markets.

Our rankings also consider talent density, not shown in Figure 20. Minneapolis-St. Paul leads in this aspect, having 1.14% of all occupations in medtech talent, double the next major market, Boston-Cambridge (0.55%).

Figure 20: Composition of U.S. Medtech Talent (Top 100 U.S. Markets)

Source: U.S. Bureau of Labor Statistics, CBRE Research, Q2 2024.

37%

of the top 100 medtech talent is in Los Angeles-Orange County and Minneapolis-St. Paul
1.14%

of occupations are in medtech in Minneapolis-St. Paul, double the next major market

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