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Healthcare
HEALTHCARE: FUELING NEW JERSEY’S ECONOMY
New Jersey’s researchers and healthcare providers are pioneering the future of medicine at our nationally ranked hospitals and health systems, world-class universities and research institutions.
Home to more than 22,645 healthcare establishments, New Jersey also is leading the way in innovative healthcare delivery – from advances in maternal and child health services to the latest in surgical technology to cutting-edge cancer research and treatment.
New Jersey’s healthcare industry plays an important role in the health of our State’s economy. Contributing $37 billion to New Jersey’s economy annually, healthcare employment has increased every year since 1990. Today, nearly 488,000 people are employed in New Jersey’s healthcare industry.
A NETWORK OF WORLD-CLASS HOSPITALS AND HEALTH SYSTEMS
New Jersey is home to many leading healthcare systems. Among the State’s 113 hospitals and 72 acute care hospitals, 13 are nationally ranked according to U.S. News & World Report’s 2021-2022 Best Hospitals rankings. Topping the list is Hackensack University Medical Center and Morristown Medical Center, which were both nationally ranked in 3 adult specialities.
WHERE DISCOVERY FLOURISHES
A strong alignment of New Jersey’s hospitals, medical schools, academic institutions, and the private sector has helped make the State a hotbed for innovation. As a result, companies located here are on the forefront of bringing breakthrough treatments and products to market. In 2020, 39% of FDA novel drug approvals came from companies with a footprint in the State.
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CANCER MEDICINE IN DEVELOPMENT
Source: PhRMA, January 2020
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CLINICAL TRIALS
Source: NIH, National Library of Medicine, 2021
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%
OF 2020 FDA APPROVALS
Source: FDA, 2020
RESEARCH INSTITUTES support INNOVATION
New Jersey’s colleges, universities and independent research institutions have made huge contributions to the health and wellbeing of our State’s residents and the medical field at large. Our robust research community includes:
- Center for Integrative Proteomics Research
- The Human Genetics Institute of New Jersey
- Coriell Institute for Medical Research
- Rutgers Cancer Institute of New Jersey
A PRIME LOCATION FOR LEARNING
New Jersey’s 42 teaching hospitals and 5 medical schools are training the medical practitioners and researchers of the future:
- Rutgers New Jersey Medical School (Newark)
- Rutgers Robert Wood Johnson Medical School at Rutgers (New Brunswick)
- Cooper Medical School of Rowan University (Camden)
- Rowan University School of Osteopathic Medicine (Stratford)
- Hackensack Meridian School of Medicine (Nutley)
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WHAT CAN CHOOSE New Jersey DO FOR YOU
Relocation & Expansion Services
We provide customized RFI responses, demographics, detailed market assessments and other complimentary business relocation and expansion services. When your company chooses to grow in New Jersey, we also will help you publicize your good news.
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Economic Development Connections
Our public and private partners provide a wide range of services. From higher education research collaboration to regulatory and legal assistance to workforce training, they’ll ensure you have a smooth landing.
Bill Noonan
Acting Chief Business Development Officer
Phil Loureiro
Business Development Officer
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