Biotechnology Market Opportunities Analysis - AstraZeneca, Novartis, GSK, Roche, Celgene, Genzyme, Biogen, Johnson & Johnson

Biotechnology Market Driven by the exponential rate of residential and nonresidential building construction across myriad geographies, due to the economic revival of the developed countries and a worldwide rise in population, Biotechnology Market is expected to register massive gains in the ensuing years.

Biotechnology Market size will reach USD 775.20 billion by 2024 at a CAGR of 9.9%, U.S. biotechnology market size held dominant position in terms of industry revenue share followed by Europe with this trend likely to continue throughout the forecast period. U.S. will further see increased adoption of products based on these platforms due to growing preference for personalized medicine.

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Report Mainly focuses on the top Manufacturers in global market are given bellow

Abbott, Amgen, AstraZeneca, Novartis, GSK, Roche, Celgene, Genzyme, Biogen, Johnson &Johnson, Pfizer, Genentech, and Sanofi

Biopharmacy and Bioservices formed the largest application segment together contributing to over 87% of industry revenue. The largest share can be attributed to the growing prevalence of chronic diseases globally, growing demand for personalized medicines, and increased government fundings.

By Technology

• Fermentation
• Tissue Engineering and Regeneration
• PCR Technology
• Nanobiotechnology
• Chromatograpgy
• DNA Sequencing
• Cell Based Assay

By Application

• Biopharmacy
• Bioservices
• Bioagriculture
• Bioindustrial

Rising prevalence of chronic diseases have increased the demand for innovations similar to DNA sequencing, microassays and recombinant DNA technologies to develop therapeutic solutions. Government support fo R&D has accelerated development of products and vaccines for such chronic ailments.

Food scarcity in highly populated countries of India and China have resulted in urgent need for high yielding crop varieties through agricultural technologies. Researchers across the globe are developing GM crops to address the concern of limited land availability, inconsistent rainfall and pest attacks and produce high yielding crops that can sufficiently feed the growing population.

Rapid population growth has debilitated most of the naturally available non-renewable resources. Some of the scarcely available resources used to fulfill growing population demand are available at exorbitant prices. Scientists are therefore, focusing on development of products such as biofuels, bioenzymes, etc. will drive global biotechnology market size.

Strong R&D spending trends for synthetic biology to enable drug and vaccine development, including Europe NEST program will stimulate growth. Organizations including DBT (Department of Biotechnology) and NTBT (National Biotechnology Board) provide funding to promote biotechnology market share. BioBricks, a non-profit organization delivers synthetic biology technologies for humanitarian purposes. Similarly, synthetic forum OpenWetWater offers conceptual training to researchers.

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The above information is provided on a regional and country basis for the following:
• North America (U.S., Canada)
o Europe (Germany, UK, France, Italy)
o Asia Pacific (China, India, Japan, South Korea)
o MEA (Saudi Arabia)
o Latin America (Brazil)

Ethical issues pertaining to clinical trials and risks associated with GM organisms and crops will be a cause of concern. Genetically modified organisms’s uncontrolled nature can create a havoc to the human society and lack of proper regulations in most countries will further aggravate this problem. With largest geriatric population base, China and India will be the major revenue pockets of the APAC region, while Brazil and Mexico are the revenue pullers for LATAM.

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