Our Annual Report for 2024-25 highlights how cross-sector collaboration is tackling real-world challenges and making a lasting difference to the health, wealth, and wellbeing of Wales and its people.
We exist to help propel inspiring life science innovations into frontline use in health and social care across Wales. Our team works to support industry, health and social care organisations, and academic institutions who share our goal: using new ideas to manage, avert and prevent poor health.
Our Annual Report demonstrates how we do this. It explores the projects we’ve supported over the last year and their impact on the health and wellbeing of people across Wales, economic development, and our health and social care colleagues.
Here’s a look at our 2024-25 in numbers:
Making life better for patients in Wales
- 64,606 patients accessing innovation
- 1,040 fewer days patients spent in hospital
- 2,191 fewer clinical visits
Driving economic growth in Wales
- Delivering £3.895 million Welsh Company GVA Growth
- Securing £5.046 million in funding
- Inducing £2.44 million of investment
Supporting the health and social care ecosystem
- Supporting 8 adoption projects
- Completing 119 innovation assessments
- Crafting 16 market intelligence reports, 28 rapid scan reports, 4 sector reports and 4 international reports
Overall, we delivered a return on investment of £9 for every £1 spent.
Cabinet Secretary for Health and Social Care Jeremy Miles said:
“This Report is a testament to the importance of collaborative innovation across life sciences.
“Innovation is at the heart of transforming health and social care in Wales, helping us to deliver better outcomes for people. It plays a key role in reducing waiting times, improving access to care, and transforming how we detect and treat diseases like cancer.
“Life Sciences Hub Wales continues to be a catalyst for innovation across health and social care, through its dedicated support programmes, projects, and partnerships. Its work is not only enhancing outcomes but is also bolstering our economy.”
Cari-Anne Quinn, Chief Executive Officer, Life Sciences Hub Wales, said:
“Our latest Annual Report demonstrates the power of collaboration and the incredible innovations that are transforming health and social care delivery across Wales.
“From digital prescriptions to pioneering cancer diagnostics, our work continues to deliver real impact. In 2024-25 we’ve seen 64,606 patients access innovation, which is a 29% increase on what we achieved in 2023-24.
“I’m incredibly proud of what we have achieved together.”
