Bioscience, Medical Device, and Biopharmaceutical Industry in Northern Colorado

The bioscience, medical device, and biopharmaceutical manufacturing industry growth cluster includes businesses that are involved in the development and manufacturing of biological and pharmaceutical products in addition to medical devices.

2020 Employment

Location Quotient

2020 Payrolled Business Locations

BIOSCIENCE, MEDICAL DEVICES, AND BIOPHARMACEUTICAL MANUFACTURING GROWTH CLUSTER OVERVIEW

Bioscience and medical devices is a particularly strong niche industry defined by Northern Colorado’s unique portfolio of companies and institutions in Northern Colorado related to animal health and translational medicine. Multiple manufacturers in this space utilize or produce innovative plastics. Multiple manufacturers have activities that include 3D printing technologies.

In Weld and Larimer counties of Northern Colorado, businesses are generally small or they represent relatively small operations of much larger national or international firms. However, large pharmaceutical and medical device companies have a greater presence in adjacent counties and the Denver Metro area.

NAICS CODES IN BIOSCIENCE AND MEDICAL DEVICES INDUSTRY CLUSTER

Biological Products
Pharmaceutical Products
Biopharmaceutical Manufacturing
Research and Development in Biotechnology (except
Nanobiotechnology)
Medical Apparatus
Optical Instruments and Ophthalmic Goods
Surgical and Dental Instruments and Supplies

BIOSCIENCE AND MEDICAL DEVICES GROWTH CLUSTER STATS

The Bioscience and Medical Devices cluster experienced 15% growth in the region from 2015-2020. 9% growth is projected to occur from 2020-2025.
The Gross Regional Product reported in 2020 was $543 million.
Regional expertise exhibited in companies and research organizations include animal health, translational medicine, vector-borne disease, plant genetics/biotech, and pharma/devices related to diabetes, cancer, and dental applications.
The Optical Instruments & Ophthalmic Goods subcluster experienced 159% growth in the region from 2013-2018.
The Biopharmaceutical Products subcluster experienced 63% growth in the region from 2015-2020.

Our equipment is out there being used to make ventilators and blood pressure monitors. It makes me feel honored that in the background, I’m still a part of this greater United States effort to see the entire country heal and come back stronger [from COVID-19]. It’s definitely a feeling of pride and joy that I have a small but also very important part to play, not only to keep Advanced Energy growing and thriving but to keep the world thriving and growing.