Chapter 4

Life Sciences Medtech Talent

U.S. Life Sciences Talent Trends 2024

3 Minute Read

Looking for a PDF of this content?

Download

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

Related Service

Property Type

Life Sciences

We provide the life sciences industry solutions that maximize facility and investment performance across labs, manufacturing space and critical enviro...

Explore Service

Related Insights

2024 U.S. Life Sciences Incubator Survey

April 5, 2024

Life sciences incubators, which are in very high demand, are increasingly sophisticated and well-funded.

Learn More
2024 U.S. Life Sciences Outlook

January 8, 2024

Revolutionary advancements by the U.S. life sciences industry could increase in 2024 despite macroeconomic uncertainty.

Learn More
Romania, a strategic logistics hub in Europe: CBRE analyzes the trends and criteria reshaping the industrial real estate market in 2026

June 20, 2026

Romania’s industrial and logistics real estate market closed 2025 with its strongest performance in recent years, while the first half of 2026 confirms the solid structural fundamentals that characterized the start of the year. Beyond the numbers, CBRE Romania is seeing a profound shift in tenant behavior: relocation and expansion decisions are no longer reactive transactions, but strategic processes driven by data and planned months or even years in advance.

Learn More