The Life Sciences sectors in the EU: drivers of economic growth and innovation

Jesus Lasarte Lopez (), Hugo Gonzalez Hermoso and Robert M'barek
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Jesus Lasarte Lopez: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en
Robert M'barek: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en

No JRC142396, JRC Research Reports from Joint Research Centre

Abstract: Life sciences-related sectors play a vital role in addressing EU challenges, driving innovation in key areas like healthcare, biotechnology, and agriculture to enhance competitiveness, sustainability, and strategic autonomy. This policy brief examines the socioeconomic relevance, structure, and trends of Life Sciences sectors using three key economic indicators: employment, value added and R&D business expenditure. The analysis shows that Life Sciences sectors are crucial to the EU economy, accounting for 9.4% of GDP and employing 29 million people. These sectors have also driven economic growth in recent years, with increasing GDP contributions and job creation in productive sectors, and offer high growth potential and innovation capacity to address EU challenges.

Date: 2025-06
New Economics Papers: this item is included in nep-eec and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:ipt:iptwpa:jrc142396

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