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Life Science Firms Scatter the Wealth

CHICAGO-With globalization pushing all companies to consider new frontiers, the life science industry is looking to emerging markets such as Brazil, India and China for new facilities.

By Robert Carr | Updated on November 26, 2011

CHICAGO-According to the recent Life Sciences Cluster Report by Jones Lang LaSalle, trends in this particular industry flow from the desire for profit by both the companies and their host communities. This sector, one of the leaders in the office/industrial market, is growing out of its major markets in the United States, Europe and Japan and into emerging markets such as Asia and Latin America, following demand and potential efficiencies in the biological markets.

In this expansion, life science firms are looking for cheaper areas to build new facilities, and emerging foreign markets such as China, India and Indonesia are creating tech centers to welcome them. However, it remains to be seen whether communities can provide enough “tipping points” to allow the successful growth of a life science cluster.

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