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The Madison Region is nationally recognized as a leader in the healthcare sector for its innovation, world-class care, and its contribution to the Region’s economic development, making up nearly 12% of total regional employment. That means that not only does it provide numerous career pathways and opportunities for talent development but access to well-coordinated systems that cover a spectrum of unparalleled care. Our Region’s forward-thinking approach includes significant investments in technology and infrastructure, leading to better communications, better connectivity, and ultimately better care. Our well-coordinated healthcare labor pipeline contributes to our ability to attract and retain more than 68,000 in the healthcare workforce. As the nation prepares for the aging of the largest generation in America, Madison and its talent pool are well suited for the accompanying demand in services.
3,903 establishments
68,755 employees
7.0% industry growth from 2015-2020
$69,097 average annual wage
13,105 industry-applicable degrees and certificates conferred in 2020 from higher education institutions in and around the Madison Region.
Location Quotient (LQ) is a way of discovering the industries or occupations that are truly unique and specialized in a region’s economy (compared to the national average). For example, if the commercial bakery industry in a city accounts for 2.5% of jobs but only 1% of jobs nationally, then the city’s commercial bakeries have an LQ of 2.5, which means that this industry is 2.5x more concentrated in the region than the typical region. (Emsi)
Health Care and Social Assistance LQ | 0.87
Irradiation Apparatus Manufacturing | 6.23
Analytical Laboratory Instrument Manufacturing
Establishments | 3.45
Medical and Diagnostic Laboratories | 3.28
Pharmaceutical and Medicine Manufacturing | 2.48
Research and Development in the Physical, Engineering, and Life Sciences | 1.91
Testing Laboratories | 1.33
Nursing and Residential Care Facilities | 1.07
Medical Equipment and Supplies Manufacturing | 1.06
Ambulatory Health Care Services | 0.82
Hospitals | 0.79
Electromedical & Electrotherapeutic Apparatus Manufacturing | 0.54
Source: Emsi 2021.4
8517 Excelsior Drive, #107
Madison, WI 53717
608.571.0420
info@madisonregion.org
