Research article

The global growth of life sciences

Demographic change, rising healthcare spending and technological advances underpin global growth in life sciences


What are life sciences?

Life sciences include fast-growing applied sciences such as cell and gene therapy (CGT), genomics, and biotechnology. An R&D intensive sector, technological advances have accelerated progress and opened up new avenues to improve human health.

Real estate requirements are diverse. They range from specialist lab space, to start-up incubators, to major headquarters with traditional office space. Unlike some other industries, life sciences can’t be done from home, so the sector is resilient to wider changes in working practices.

The breadth of occupier requirements, coupled with their positive growth prospects, makes life sciences particularly appealing to property investors.

While the pandemic has brought life sciences into the spotlight, a number of core fundamentals are underpinning the sector’s global growth and will drive its development in the years to come.

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