As countries emerge from an unprecedented public health crisis, the value of health has never been more apparent. Against this background, there are considerable opportunities in Life Sciences in the fast-growing markets of Asia. But post pandemic, where should Life Sciences companies locate their key value drivers?
Due to the evolving dynamics of the Life Sciences industry in Asia, there are strong arguments in favor of setting up regional headquarters, manufacturing or R&D facilities close to key Asian end-markets. The COVID-19 crisis has brought a new appreciation for the importance of keeping parts of the value chain local and ensuring multiple sourcing close to consumers. This will boost both local investment and direct investment from abroad, which in turn will spur on further development. Here, we explore some of the other ways Asian countries are attracting the attention of Life Sciences stakeholders.