Biotechnology Market is estimated to grow at a CAGR of 10.5% led by Merck KGaA, PerkinElmer, Agilent Technologies, F. Hoffmann-La Roche Ltd., Danaher, QIAGEN, BD, Bio-Rad Laboratories
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.
Biotechnology Market to 2025 – Global Analysis and Forecasts by Technology (DNA Sequencing, Fermentation, Cell Based Assay, Nanobiotechnology, Chromatography, PCR Technology, Tissue Engineering & Regeneration and Other Technologies), Application (Industrial Processing, Bioinformatics, Food & Agriculture, Health, Natural Resources & Environment and Other Applications) and Geography
In the recent years, biotechnology market has progressed significantly. The increasing advancements in the genome sequencing, leads to considerable reductions in the cost. The underlying costs related to different strategies and innovative methods for genome sequencing helps to influence the scale and scope of genomic researches to the expansion. On the other hand, risks associated with genetic data is expected to act as major challenges hindering the market growth in the forecast period.
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Key findings from the report:
• On the basis of source, the bacteria segment held the major share of the market in 2017
• Geographically, Europe held the major share of the global market in 2017. Asia-Pacific is expected to witness the highest CAGR during the forecast period.
• Based on end-user, the pharmaceutical and biotech segment held the major share of the market in 2017. The growth is attributed to growing number of chronic diseases across the globe. Moreover, pharmaceutical and biotech sector is looking for novel drug developments based on active molecules from marine organisms.
• Some of the key companies operating in the 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. among others
Biotechnology Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.
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 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.
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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.
Biotechnology Market regional outlook - Asia Pacific is expected to be a rapidly growing market over the forecast period
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.
This report segments global Biotechnology market based on source, product, technology, application, end-user and region.
The report segments the global biotechnology market as follows:
Global Biotechnology Market – By Technology
Cell Based Assay
Tissue Engineering and Regeneration
Global Biotechnology Market – By Application
Food & Agriculture
Natural Resource & Environment
Global Biotechnology Market – By Geography
• North America
• Asia Pacific (APAC)
• Middle East & Africa (MEA)
• South & Central America (SCAM)
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