10.5+% CAGR to be Achieved by Biotechnology Market to 2025: Top Key Vendors- Merck KGaA, PerkinElmer, Agilent Technologies, F. Hoffmann-La Roche, Danaher, QIAGEN, BD
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 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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• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Biotechnology Market
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)
The research report provides an in-depth analysis of the major Biotechnology industry leading players along with the company profiles and strategies adopted by them. This enables the buyer of the report to gain a telescopic view of the competitive landscape and plan the strategies accordingly. A separate section with industry key players is included in the report, which provides a comprehensive analysis of price, cost, gross, revenue, product picture, specifications, company profile, and contact information.
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 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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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 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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