March 2025 Life Sciences Update

08

What Makes an Emerging Market?

CONTENTS

Growth in Bio-Degree Awards

• Robust growth in life sciences degrees highlights the momentum a market has captured in the sector. Universities, which are key recruitment hubs for life sciences companies, are seeing higher enrollment, affirming that students believe these institutions and markets provide valuable pathways into the life sciences field. • The influx of new graduates attracts life sciences companies seeking talented, educated young professionals to join their ranks. This creates a virtuous cycle, where top students are drawn to regions with promising employment prospects, and companies in these areas increase their hiring efforts to secure the best candidates. • As the life sciences student body continues to grow, the university must increase investments in resources such as lab space, research facilities and space for more faculty. These enhancements foster a dynamic research environment, attracting life sciences companies to collaborate with academic researchers. • Elevated degrees provide firms with an influx of young talent, bolster the life sciences infrastructure, and boost public and private sector collaboration.

Degrees Awarded (2013)

Degrees Awarded (2023)

10 Yr Growth Rate

Hub Market 10 yr Growth Rate

Secondary Market 10 yr Growth Rate

5,000

120%

4,500

101%

100%

94%

4,000

3,500

80%

70%

3,000

58%

2,500

60%

49%

2,000

40%

1,500

1,000

20%

13%

500

0

0%

Houston

Phoenix

Atlanta

Dallas/Ft. Worth

Austin

Indianapolis

Source: Lightcast

44 44

Cushman & Wakefield