Life Sciences Turnover In Scotland To Hit £8bn By 2025
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The life sciences industry in Scotland has been going from strength to strength over the last few years, and is on target to reach a turnover of more than £8 billion by 2025.
Figures revealed at the annual Scotsman Life Science Scotland conference, held in Glasgow this week, showed the turnover in the industry was £5.2 billion in 2016.
This represents a seven per cent year-on-year growth since 2010, putting it on track to reach an impressive turnover target of £8 billion over the next six years.
According to the minister for Trade, Investment and Innovation Ivan McKee, this is down to industry experts working closely with academia and the public sector.
“The Scotsman Life Sciences conference built on that support to capture new opportunities for Scotland whether that be in new technologies, data, manufacturing or clinical research,” he stated.
Among the new infrastructure that Scotland’s life sciences sector recently has been able to benefit from is the Medicines Manufacturing Innovation Centre, the new artificial Intelligence Research Centre for Digital Diagnostics, and the Roslin Innovation Centre, which was launched in August 2017.
This facility on The University of Edinburgh’s campus has been dedicated to businesses researching into animal and veterinary sciences, agricultural technology, and health industries.
There are currently 40,000 employees working in the Scottish life sciences sector, with staff divided across more than 770 organisations north of the border.
Life sciences marketing could be of benefit to many of these companies, so why not get in touch with us today to find out how we can help boost the industry even more?