Life Sciences Funding in View: 2025 Outlook

Top 3 Hub Markets Capital investment accelerated in 2024

San Diego

SF Bay Area

Boston

$12

600

$16

500

$6

300

450

$14

$10

500

$5

250

400

$12

350

$8

400

$4

200

$10

300

$6

300

$8

250

$3

150

200

$6

$4

200

$2

100

150

$4

Capital Invested ($Billions)

Capital Invested ($Billions)

100

$2

100

$1

50

Capital Invested ($Billions)

$2

50

$8.9 $10.4 $11.0 $6.8 $8.4

$9.8 $15.2 $9.6 $8.1 $7.1

$4.4 $5.6 $2.5 $1.7 $3.7

$0

0

$0

0

$0

0

2020 2021 2022 2023 2024

2020 2021 2022 2023 2024

2020 2021 2022 2023 2024

Deal Volume Number of Deals (RHS)

Deal Volume Number of Deals (RHS)

Deal Volume

Number of Deals (RHS)

14 / CUSHMAN & WAKEFIELD

LIFE SCIENCES JANUARY 2025