INDUSTRY
LIFE SCIENCES
The U.S. Life Sciences industry is a major economic force, valued at over $2 trillion and supporting more than one million jobs. It is projected to grow at a compound annual growth rate (CAGR) exceeding 10% over the next decade, with more than 90% of companies in the sector planning significant investments to expand and innovate.
This growth is influenced by several key factors. Ongoing supply chain challenges continue to affect operations, while mergers and acquisitions are becoming increasingly common as companies seek strategic advantages. At the same time, there is a notable rise in research and development investment, reflecting the industry's commitment to innovation and advancement.
Life Sciences companies play a critical role in bringing new drugs, medical devices, and therapies to market. To support these efforts, organizations are turning to solutions that unify data from clinical trials, automate and streamline safety case management, and enhance overall business operations—empowering teams with the tools they need to succeed in a rapidly evolving landscape.
INDUSTRY
LIFE SCIENCES
The US Life Sciences industry is over $2T and supports over 1 million jobs. Growth is expected at a CAGR of over 10% through the next decade with over 90% of Life Sciences companies planning to invest heavily in their businesses. Some of the key factors impacting the Life Sciences industry are:
- Supply chain issues
- Growth in M&A activity
- Increase in R&D investment
Life Sciences companies bring new drugs, devices, and therapies to market while giving your teams tools for success. Discover solutions designed to help life sciences organizations unify data from clinical trials, streamline and automate safety case management, and strengthen business operations.
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