Life Sciences

The life sciences industry has two components: direct patient care and biotechnology. In the Bluegrass Region and Kentucky, Lexington is a hub for the life sciences industry. By leveraging its culture of innovation and commercialization, a superior business climate, top ranked research programs at the University of Kentucky, and an expansion network of medical centers, Lexington provides an environment where any market niche of the life sciences industry can grow.

Paratech's lab space, courtesy of Angelika Fath-Goodin.

Six major medical centers in Lexington support a strong base of health care providers, including Baptist Health Lexington, KentuckyOne Health, Shriner's Hospitals for Children, and the UK Medical Center. The UK Healthcare System is an extensive network that includes four hospitals, over 80 specialized clinics, more than 140 outreach programs, a team of 9,000 physicians, nurses, pharmacists, and health care workers, and six health professional colleges, serving over 650,000 outpatients and performing nearly 32,700 surgeries last year. The Lexington Clinic, a multi-specialty medical group with more than 25 locations throughout the Bluegrass Region, employs 200 physicians and provides services to more than 2,000 patients every day and 600,000 patients every year.

Direct patient care is a major employment industry in Lexington area, providing high-quality human capital for medical professionals. Over 19,480 people are employed as healthcare practitioners and technicians in Lexington with a mean annual wage of $75,910. Lexington boasts an above average concentration of healthcare practitioners and technicians with a location quotient of 1.20. 

Biotechnology includes institutions involved with animal and plant science research and designing and manufacturing medical/veterinary products. Biotechnology is one of the fastest growing industries in the United States, and Lexington is committed to fueling its growth in the Bluegrass. In fact, over 50 biotech companies have chosen to locate in Lexington. 

Health care and biotechnology are supported by strong ties to academic programs at the University of Kentucky. UK has one of the nation’s top pharmacy programs, and ranks nationally in the number of R&D expenditures. In addition, Lexington is home to the only research and development business park in the state of Kentucky – UK’s Coldstream Research Campus. Coldstream, a 735 acre office park, was specifically designed for recruiting high-tech and biotech companies, as well as university centers and start-ups. 

Lexington focuses on three segments of the life sciences industry:

  • Plant and Genetic Engineering
  • Medical Application Technology
  • Medical Device Manufacturing
Click here to read Commerce Lexington's Life Sciences and Biotech White Paper. 

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