GITNUX MARKETDATA REPORT 2024

Life Sciences Industry Statistics [Fresh Research]

Statistic 1

"The life sciences industry is projected to reach $2.5 Trillion by 2025."

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Statistic 2

"China is the second-largest life science market in the world, expected to grow at about 10% in 2020."

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Statistic 3

"Massachusetts is a key hub for life sciences in the U.S., employing more than 70,000 people in biopharma."

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Statistic 4

"The pharmaceutical sector comprises the largest share in the life sciences industry, accounting for nearly 60% of the market."

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Statistic 5

"The life sciences R&D expenditure in the European Union was around €35.1 billion in 2019."

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Statistic 6

"Life science leads in obtaining venture capital with a 28% share of the total U.S. VC investment in 2020."

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Statistic 7

"In 2020, the cumulative number of FDA approvals for medical devices reached 51,000."

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Statistic 8

"Medical technology firms made up 39% of all life science IPOs in H1 2020."

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Statistic 9

"The global life sciences software market is expected to reach $13.6 billion by 2027."

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Statistic 10

"Biotechnology drugs account for 22% of the pharmaceutical industry."

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Statistic 11

"Global healthcare and life sciences sector M&A value reached $448.84 billion in 2020, down from $546.89 billion in 2019."

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Statistic 12

"There are over 100,000 digital health apps available on the leading app stores."

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Statistic 13

"The personalized medicine market is expected to double in size by 2026, reaching $164 billion."

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Statistic 14

"More than 2,000 gene therapies are currently being developed worldwide."

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