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Global Biotechnology Market estimated to grow at a CAGR of 10.5% during the forecast period from 2018 to 2025. The market for biotechnology was estimated to reach US$ 471,336.4 Mn by 2025

01-08-2019 05:54 AM CET | Health & Medicine

Press release from: The Insight Partners

Biotechnology Market to 2025

Biotechnology Market to 2025

According to a new market research study titled ‘Biotechnology Market to 2025 – Global Analysis and Forecasts by Application, technology and geography, the global Biotechnology Market was valued at USD 218,012.1 Mn in 2017 and is estimated to US$ 471,336.4 Mn by 2025. The report highlights the trends prevalent in the global Biotechnology Market and the factors driving the market along with the restraints that are impacting its growth.

The global biotechnology market estimated to grow at a CAGR of 10.5% during the forecast period from 2018 to 2025. The market for biotechnology was valued at USD 218,012.1 Mn in 2017 and is estimated to reach US$ 471,336.4 Mn by 2025.

The biotechnology market is aimed to describe, define and estimate the forecast for market size of the biotechnology till 2025. The report strategically analyzes macro and micro-markets to entail the major factors impacting the growth of the global biotechnology market. The market report for biotechnology is appropriate to cater the needs and demands of various stakeholders that include pharmaceutical, biotechnology and medical companies in the form of research services.

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The global biotechnology market is segmented on the basis of technology and application and geography. On the basis of technology, the biotechnology market is segmented into DNA sequencing, fermentation, cell based assay, nanobiotechnology, chromatography, PCR technology, tissue engineering and regeneration and others. On the basis of application, the biotechnology market is segmented into industrial/bio processing, bioinformatics, food & agriculture, health, natural resource & environment and others.

Profiles of Key Biotechnology Manufacturing Companies:
1. Thermo Fisher Scientific Inc.
2. Merck KGaA
3. PerkinElmer, Inc.
4. Agilent Technologies, Inc.
5. F. Hoffmann-La Roche Ltd.
6. Danaher
7. QIAGEN
8. BD
9. Bio-Rad Laboratories, Inc.
10. Illumina, Inc.

North America is expected to be the dominant region in the global biotechnology market. This dominance is primarily driven by rising demand for innovative products from biopharmaceutical and biotechnology companies, significant presence of key market players and extensive R&D activities conducted by various academic and research institutes in the region. Additionally, increasing focus on advanced method incorporation in healthcare, growing government and private initiatives for promotion of precision medicine and massive funds from government and private bodies for genomic research is also expected to propel the growth for the North America market. On the other hand, Asia Pacific is expected to witness significant growth in the biotechnology market owing to factors such as availability of highly skilled, efficient & large number of human resources, and streamlining government policies resulting in high investments for biotechnology sector in the region.

The major players operating in the biotechnology market include Thermo Fisher Scientific Inc., Merck KGaA, PerkinElmer, Inc., Agilent Technologies, Inc., F. Hoffmann-La Roche Ltd., Danaher, QIAGEN, BD, Bio-Rad Laboratories, Inc., Illumina, Inc. and among others. The global biotechnology market is highly competitive and driven by large number of novel product launches and approvals. For instance, in April 2017, Illumina, Inc. introduced BaseSpace Informatics Suite, used to accelerate genomic data analysis for sequence lab.

The report segments the global Biotechnology market as follows:

Global Biotechnology Market – By Technology
• DNA sequencing
• fermentation
• cell based assay
• nanobiotechnology
• chromatography
• PCR technology
• tissue engineering
• regeneration

Global Biotechnology Market – By Application
• industrial/bio processing
• bioinformatics
• food & agriculture
• health
• natural resource
• environment
• Others

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About The Insight Partners
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.

Contact us
The Insight partners,
Phone: +1-646-491-9876
Email: sales@theinsightpartners.com

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