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North American Life Science Construction Starts Projected To Remain Strong

North American Life Science Construction Starts Projected To Remain Strong

pharmaceutical

Industry Segment: Pharmaceutical & Biotech | Word Count: 315 Words

May 4, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--North American life science capital construction expenditures will remain robust through the end of 2022. Fears of a recession, higher interest rates and regulatory concerns have not dampened the fiscal plans of this sector, and the outlook remains very optimistic. Lack of available laboratory space, reshoring and expansion of manufacturing, expanded use of automation and contract manufacturing organizations (CMOs) are all major drivers in this strategy.

Industrial Info is tracking nearly 500 major capital projects worth $25.2 billion slated for kickoff in the U.S. during the remainder of 2022.

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