openPR Logo
Press release

Biotechnology Industry Insight by 2024:Top Players- Agilent Technologies, Amgen, Abbott , Danaher, Illumina, PerkinElmer, Qiagen

02-14-2019 11:24 AM CET | Health & Medicine

Press release from: Global Market Insights, Inc.

Biotechnology Industry

Biotechnology Industry

Biotechnology Market size is set to exceed USD 775 billion by 2024.Growing incidence of chronic diseases will boost biotechnology market growth over the forecast timeline. According to the World Economic Forum 2017 data, with every chronic condition, annual healthcare costs increase.

Additionally, with each chronic condition, average medical payments that are more than double, suggest that chronic conditions might interrelate to increase in healthcare costs. Ongoing developments and progress in various segments of biotechnology to overcome the burden of these chronic conditions should further foster biotechnology industry growth.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/784

Top Key Players:

1. Agilent Technologies
2. Amgen
3. Abbott Laboratories
4. Bio-Rad Laboratories
5. BioGen Medical Instruments
6. Danaher
7. Merck
8. F. Hoffmann-La Roche
9. Illumina
10. PerkinElmer
11. Thermo Fisher Scientific and Qiagen

Innovations in biotechnology sector is expected to upsurge revenue size during the forecast period. Innovations such as growing human organs, laboratory grown plants and meat coupled with rising demand for novel biotechnological products will favor business growth. Moreover, increasing demand for agriculture based products should enhance biotechnology industry growth over the coming years. However, there are some negative effects and risks such as risk related to genetic data that can hamper biotechnology market growth over the forthcoming years.

Bioservices segment will show 11.4% CAGR over forthcoming years and segmental growth will be accredited to rising clinical research initiatives by several pharmaceutical and biotechnology firms.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/784

Growth drivers

• Presence of favorable government initiatives in developed countries
• Innovative technologies
• Rising demand for agriculture-based products
• Growing incidence of chronic ailments worldwide

Bioagriculture segment was valued at USD 40.0 billion in 2017 and is estimated to grow significantly over the projected timeframe. Suring demand for agricultural products coupled with developments in bioagriculture field increases segmental revenue share.

Nanobiotechnology segment accounted for 10.6% revenue share in 2017. The segmental growth is attributable to growing demand in stem cell therapy, expansion capabilities in zones of forensic science and forensic diagnostics.

U.S. biotechnology market dominated North America region in 2017 and will continue to project similar trend with 11.1% CAGR during analysis timeframe. High growth is attributable to factors such as innovative technologies and presence of favorable government initiatives. Furthermore, advanced healthcare infrastructure and rising R&D spending should further spur revenue size.

Browse Report Summery @ https://www.gminsights.com/industry-analysis/biotechnology-market

Biotechnology Market, By Application (USD Billion)

 Biopharmacy
 Bioservices
 Bioagriculture
 Bioindustrial
 Bioinformatics

Biotechnology Market, By Technology (USD Billion)

o Fermentation
o Tissue engineering and regeneration
o PCR technology
o Nanobiotechnology
o Chromatography
o DNA sequencing
o Cell based assay
o Others

India biotechnology market is projected to show lucrative and was valued at USD 15.9 billion in 2017 during forecast timeframe due to rising prevalence of chronic diseases in the country. According to the National Center for Biotechnology Information (NCBI) 2015 data, chronic conditions are on rise in India as well as on global level. Additionally, predominant intra-urban disproportions for access to healthcare services complexes the problems that are tackled by urban poor individuals. Moreover, high unmet needs and insufficient healthcare access are factors boosting demand for biotechnology thereby fostering business growth.

Prominent business competitors operating in the biotechnology market include Agilent Technologies, Amgen, Abbott Laboratories, Bio-Rad Laboratories, BioGen Medical Instruments, Danaher, Merck, F. Hoffmann-La Roche, Illumina, PerkinElmer, Thermo Fisher Scientific and Qiagen.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Biotechnology Industry Insight by 2024:Top Players- Agilent Technologies, Amgen, Abbott , Danaher, Illumina, PerkinElmer, Qiagen here

News-ID: 1588155 • Views: 280

More Releases from Global Market Insights, Inc.

Polyalkylene Glycol Market will show exponential growth till 2024 | Top Players …
Global polyalkylene glycol market share is anticipated to amass substantial gains in the coming years owing to the extensive use of the product in functional fluids, surface-active agents, polyurethane foams, refrigeration, aerospace, pharmaceuticals, and personal care products. Improving economic conditions in emerging nations like Asia Pacific is fostering developments in various industries. Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/1752 Rise in disposable income among people across the globe along
Biopesticides Market to depict appreciable growth prospects over 2020-2026 | Key …
It has been estimated that biopesticides market size will surpass USD 2.5 billion in value by 2024. Declining crop yield and rigorous policies established by governments across the globe against the use of synthetic pesticides will be key contributors towards biopesticides adoption. Exploding population growth rate and the associated need for enhanced crop yields may further fuel product penetration. Governments across the globe are prohibiting the use of various agrochemicals such
Recycled Lead Market 2020 Global Industry Analysis, Growth, Trends and Forecast …
The report on global recycled lead market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2020-2026. Lead has become one of the highest recycling commodities and is regarded as the most recycled metal. Lead recycling is making an essential contribution to sustainable development, reducing carbon emissions,
PP Nonwoven Fabrics Market to accrue lucrative gains over 2026
The report on global PP nonwoven fabrics market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2020-2026. Polypropylene (PP) nonwoven fabrics are one of the most versatile materials available in the market. The product is different from other substrates and fabrics that are made by knitting, weaving,

All 5 Releases


More Releases for Biotechnology

Biotechnology Market - Competitive Analysis & Forecast 2010 - 2017
The biotechnology market is primarily driven by the regulatory support provided by governments of various countries, increasing food demand, advancement of technology to combat fatal diseases and depleting natural resources. However, certain factors like long lead time from research to commercialization, and the perception of consumers towards biotech products is restricting the growth of the biotechnology industry. Stem cell technology, cloning and nanotechnology are some of the rapidly emerging technologies
Global Marine Biotechnology Market Research Report 2017
Global Marine Biotechnology market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including Marinova NEB BiotechMarine GlycoMar Marine Biotech Nofima Sams Aquapharm On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into Marine Animal Technology Marine Plant Technology On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales),
Annual Biotechnology Congress
Allied Academies invites all aspirants from the life sciences field around the world to attend the Annual Biotechnology Congress, during August 17-18, 2017 in Toronto, Canada We cordially welcome all the eminent researchers, students and delegates to take part in this upcoming conference to witness invaluable scientific discussions and contribute to the future innovations in the field of Biotechnology. The applications of biotechnology include therapeutics, diagnostics, and genetically modified crops for
Global Malic Acid Market 2017 Sealong Biotechnology, Jinhu Lile Biotechnology
Global Malic Acid Market 2016 - 2017 The Market research study, titled Worldwide Malic Acid Market 2017, presents critical information and factual data about the Malic Acid market globally, providing an overall statistical study of the Malic Acid market on the basis of market drivers, Malic Acid Market limitations, and its future prospects. The prevalent global Malic Acid trends and opportunities are also taken into consideration in Malic Acid industry
17th Euro Biotechnology Congress
Conference Series LLC extends its warm welcome to 17th Euro Biotechnology Congress during September 25-27, 2017 at Berlin, Germany with a theme “Novel Trends and Innovations in Biotechnology for Making Life Better”. Conference Series LLC through its Open Access Initiative is committed to make genuine and reliable contributions to the scientific community. Scope and Importance Euro Biotechnology Conference aims to bring together the Professors, Researchers, scientists, business giants, and technocrats to provide
Red Biotechnology Market Global Industry Medicine Biotechnology in 2019
Red biotechnology is the application of biotechnology in biopharmaceuticals and pharmaceuticals production. It provides patients with innovative and modern modes of diagnostics and treatments. This biotechnological application involves research and study on cells and tissues, genetic testing, stem cells, gene therapy, orphan drugs, proteomics and pharmacogenetics. The red biotechnology mainly focuses on neurosciences and protein research. The global market for red biotechnology is categorized by applications and product types as follows: Applications Drug