Biotechnology Market Trends & Opportunities: Key players are Abbott, Amgen, Novo Nordisk, Merck, Roche, Genentech, GSK, Novartis, Pfizer, Johnson & Johnson, Celgene, Biogen, AstraZeneca
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With the growing trends of industrialization and urbanization, people have been leading sedentary lifestyles of late. This has led to the rising prevalence of difficult-to-cure chronic diseases among various demographics, which has however, been quelled, owing to the emergence of biotechnology. The reason behind this can be attributed to the fact that therapeutic proteins created using DNA technology, which genetically modifies living cells, are used to treat chronic diseases. DNA sequencing also plays major role in gene therapy, gene-based diagnostic testing, and research tools. Undeniably, DNA sequencing is one of the most lucrative product segments of biotechnology market, which is anticipated to garner a profitable valuation over the coming years. The governments of various countries have also been investing heavily in R&D to accelerate the production of vaccines and products for chronic ailments, which will further stimulate global biotechnology market.
Major biotech companies and private research institutes across North America have been taking initiatives to perform heavy research in the biotechnology sector. Pharma giants such as AstraZeneca and Novartis have also been encouraging their researchers to develop new and effective drug therapies by investing significantly into advanced technological innovations. In fact, according to a recent news snippet, Novartis has introduced a new cancer gene therapy that is likely to create ripples of anticipation in the medical sector, thereby influencing biotechnology market over the years. Amgen, Johnson & Johnson, AstaZeneca, Novartis, Abbott Laboratories, Sanofi, Celgene, Biogen, GlaxoSmithKline, Roche Holding AG, Lonza, Genzyme, Genentech, and Pfizer are some of the noteworthy players in biotechnology market. Pertaining to the surging awareness among people and the presence of biggies across North America, biotechnology industry is slated to expand favorably over 2016-2024.
North America biotechnology industry collected a revenue of USD 137.4 billion in 2015 and will exhibit considerable annual growth rate over the coming seven years. This regional market is influenced by strategic collaborations among leading companies. For instance, in 2015, Roche collaborated with the U.S. based biotechnology firm named as Janus Biotherapeutics to develop a therapy for autoimmune disease. Various pharmaceutical and biotechnology companies have been undertaking initiatives to improve the quality of clinical research. This discipline is likely to lead the industry giants toward the generation of new therapies to accomplish the surging need for advanced medication across the globe.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Abbott Laboratories
2. Amgen Inc
3. Astra Zeneca
5. Merck & Co
6. Johnson & Johnson
7. Novo Nordisk
8. Lonza Group
12. Sanofi Aventis
13. Biogen Idec Inc
14. Gilead Sciences
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