Life Sciences on the Rise: 2021 North American Report

MARKET SUMMARY • As a technology-focused market and a center of innovation, Austin has formed a natural partnership with the growing life sciences industry. The city’s creative and entrepreneurial environment is a magnet for collaboration between technology companies, research, talent and funding. • Austin’s life sciences segment is well-rounded with more than 240 companies throughout the region. The workforce comprised of nearly 15,000 focuses on the highest growth areas in the industry, such as biologics, medical devices, diagnostics, pharmaceutical, contract research, and others. • The region produces one of the most educated populations of any North American market, with more than 20 colleges and universities providing life sciences and healthcare-related education. University of Texas at Austin is a Tier 1 research university and its College of Pharmacy ranks as one of the best in the nation. • Austin’s recently established Innovation District anchored by UT- Austin, Dell Medical School, and the Dell Seton Medical Center will be an epicenter for life sciences research and development for both existing and start-up biotechnology companies. Its strong STEM talent pool and growing center for science and innovation make Austin a very promising lab market.

FAST LAB STATS 967K SF MARKET SQUARE FOOTAGE 0% VACANCY 5.7K TOTAL LIFE SCIENCES EMPLOYMENT & TALENT POOL +75% LIFE SCIENCES EMPLOYMENT GROWTH RATE SINCE 2001

Austin

REPRESENTATIVE LIFE SCIENCES COMPANIES

LIFE SCIENCES TALENT POOL

4,500

4,144

COMPANY

TYPE

4,000

ICU Medical

Research Facility

3,500

Pharmaceutical Product Development

Other

Clinical Pathology Laboratories

3,000

HQ

Average Annual Growth Rate 2001-2020: 2.5%

Luminex Corp

HQ

2,500 Number of Persons Number of Persons

Hanger

HQ

2,000

Agilent Technologies

Other

2011

2017

2012

2021

2015

2013

2018

2016

2019

2014

2001

2010

2007

2002

2020

2005

2003

2008

2006

2009

2004

Austin-Round Rock-Georgetown, TX

Smith & Nephew

Other

Talent pool includes life science professionals not currently employed in the life science sector Source: EMSI

Allergan

Other

Natera

Research Facility

BIO DEGREE-AWARDING INSTITUTIONS, METRO AREA • University of Texas at Austin

WuXi

HQ

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