6 life sciences trends to watch in 2024

The life sciences industry is undergoing significant disruptions, fueled by technological advancements such as additive manufacturing, 3D printing, closed-loop continuous systems and AI. New scientific discoveries, supply-demand dynamics, sustainable innovations and strategic partnerships are creating numerous opportunities for life sciences companies, investors and developers. This perfect storm of activity has the potential to revolutionize the utilization of real estate in the long run. This may require a comprehensive reassessment of traditional real estate and facilities strategies, creating an opportunity for forward-thinking organizations to carve a niche in the evolving industry landscape.

Explore six trends poised to impact the life sciences industry in the year ahead. What will matter most?

Everything is hyperlocal.

The performance of life sciences facilities Data shows that is intricately tied to hyperlocal factors.

It’s an occupier’s market.

In most major real estate markets, lab availability is poised to grow further in 2024.

Sustainable design and operations

will empower companies to stay at the forefront of innovation and contribute to a sustainable and resilient future.

Doing more with less

by maximizing value and scale through space and portfolio optimization and the adoption of cuttingedge technology.

Wave of new modalities.

GLP1 agonists, antibody-drug conjugates and radiopharma are showing blockbuster potential.

Patent cliff is the perfect storm for M&A in 2024 and effects of increased M&A activity will vary.

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Click here to learn more about key trends uncovered in JLL's 2024 Life Sciences Trends to Watch report.