2023 September Life Sciences Update

What Makes an Emerging Market?

› An increase in the number of bio-degrees awarded signals two things. The region's commitment to the life sciences sector and a pipeline of fresh talent with specialized knowledge. Both are very attractive to life sciences firms and investors. › A rise in bio-degree awards also sparks collaborative relationships between academia and industry in emerging markets. These synergistic partnerships can advance research, development and commercialization efforts in the industry.

Growth in Bio-Degree Awards

6,000

120%

105%

Increasing numbers for degree awards has two primary benefits: an fresh skilled talent and more public/private partnerships.

5,000

100%

90%

4,000

80%

80%

69%

3,000

60%

50%

2,000

40%

28%

1,000

20%

0

0%

Houston Dallas/Ft. Worth Phoenix

Atlanta

Austin

Salt Lake City

Degrees Awarded (2012)

Degrees Awarded (2021)

10 Yr Growth Rate

Hub Market 10 yr Growth Rate

Secondary Market 10 yr Growth Rate

Source: Lightcast

32 / CUSHMAN & WAKEFIELD

LIFE SCIENCES SEPTEMBER 2023