Life Sciences Demystified

Medical Device & Equipment manufacturers deliver a wide range of products including surgical supplies and instruments, orthopedic implants, hospital equipment, advanced diagnostic imaging systems, electromedical devices, mobility aids, laboratory equipment, and much more. Ranging from simple hand tools to highly complex, computerized devices, this sector utilizes materials and techniques that span the entire manufacturing sector.

Medical Product Distribution companies deliver finished products to healthcare providers and patients in clinical, long-term care, and residential settings. Durable medical equipment, mobility aids, respiratory equipment, medications, personal care supplies, home safety equipment, and other goods that enhance and maintain patients’ quality of life all enter the market through this sector.

Pharmaceuticals & Therapeutics represents companies developing and manufacturing medicinal, botanical, and biological products for both therapeutic and diagnostic applications. Pharmaceuticals can be found in a variety of forms, some being well-established medicines available at pharmacies in every town and others at the highly experimental stage, just entering clinical trials on their way toward regulatory approval.

Digital Health companies develop software and technology to expand the capabilities of the life sciences industry, reduce health care costs, increase access to care, and improve patient outcomes. OLS has identified four categories within the digital health field as focus areas: Technology & Research, Medical Records, Patient Wellness, and Practice Management & Revenue.

Health and Medical Insurance Carriers are a critical part of the patient-provider relationship by offering plans that cover or supplement patients’ dental, health, and medical expenses. Many insurers also offer wellness programs that encourage healthy lifestyles and reduce the need for medical procedures or readmissions.

Healthcare Providers are a key component of the state’s biomedical infrastructure. While offering both routine and lifesaving care, hospitals and providers around Ohio also participate in cutting-edge research through clinical trials and laboratory investigations that enable new discoveries to benefit patients around the world. Healthcare providers also represent the end-user and customers of biomedical companies. Subsectors include Consumer Health, Extended Care, Health and Medical Insurance Carriers, Hospitals, Outpatient Care, Physicians, and Additional Health-Related Fields.

Life Sciences Education Institutions can be found throughout Ohio, providing instruction at K-12 schools, colleges, and universities. Through intensive STEM education, specialized programs, industry partnerships, and especially the involvement of dedicated teachers, student interest in life sciences continues to grow. Ohio’s educational resources, particularly STEM programs in K-12 schools and specialized degree opportunities at post-secondary institutions, offer the skill sets and academic rigor ideally suited to finding a rewarding job in life sciences.

Suppliers and Service Providers range from firms that provide key materials or ingredients to those that manufacture, assemble, package, and distribute products—including many that are ISO 13485 certified to manufacture medical devices and equipment. Service-oriented companies include firms providing first-class resources in the areas of regulatory and reimbursement consulting, preclinical and clinical assessment, product design, quality assurance, engineering, sales and marketing, legal counsel, IT services, training, and more.