Life sciences continue to boom in North America

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BOSTON. Innovative technologies and the demographics of aging are driving a surge in demand for R&D facilities, diagnostic centers and healthcare facilities, according to a Cushman & Wakefield report.

The global life sciences industry has grown faster than ever in the past decade – long before the outbreak of the pandemic. In fact, its trajectory only accelerated during 2020 and early 2021, with demand for its products surging and access to capital continuing to expand significantly in both periods, the report said.

“A record $ 70 billion in private and public capital (mostly venture capital and IPOs) was invested in life sciences companies in North America in 2020, up 93% from the previous record of $ 36 billion. received in 2018, “the message says. Report. “And if investment continues at the pace that we saw in the first quarter of 2021 (already totaling $ 32.9 billion), we may see somewhere in the region of $ 90 billion raised this year alone.”

As COVID-19 challenged the sector last year like never before, the industry has clearly established itself, lighting a light that has shed light on a better way to work, collaborate and innovate in the hope of a vaccinated future.

The speed with which COVID-19 vaccines have been developed and implemented is a tremendous achievement for the pharmaceutical and biotech industries, as well as a testament to the strength of global collaboration.

“Now that we know what can be achieved in a relatively short period of time, many are thinking about what will happen next for the life sciences industry. What else is he capable of? “, – says the repost.

Key findings include:

  • The global life sciences industry is booming and has grown faster than ever over the past decade; its trajectory only strengthened during 2020 and until 2021.
  • COVID-19 has further bolstered the strength of the life sciences industry with mRNA technology opening doors to new opportunities.
  • Life sciences are a good alternative asset category for investors as the sector appears to be recession-resistant.

To read the full report, please click here

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