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Life sciences sector on the upswing

Boehringer Ingelheim  gebäude © Boehringer Ingelheim | Estl

The number of employees climbed by approx. nine percent. In addition to expenditures for new plants, the industry is mainly investing in research and development. About 70 percent of the revenue of Austrian companies in the biotechnology sector is earmarked for research.

The Austrian life sciences sector encompasses the fields of medical engineering, biotechnology and pharmaceuticals. Medical engineering is the largest, with more than 550 companies and 28,420 employees. Furthermore, there are 55 research facilities operating in the life sciences industry, with a workforce of more than 24,000 people.

An example for the brisk investment activity of the life sciences sector in Austria is Boehringer Ingelheim. The company recently opened up a new biopharmaceutical production plant in Vienna after four years of construction and investments of about € 700 million, creating 500 additional, highly qualified jobs. The Life Science Report Austria 2021 was compiled by aws on behalf of the Federal Ministry for Digital and Economic Affairs.

Continue reading and find out more about the life sciences sector in Austria!

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