New Technology Innovations for Global Biotechnology Market Explained by 2018-2025 with Key Players Like Merck KGaA, PerkinElmer, Agilent Technologies, 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.
According to a new market research study titled ‘Biotechnology Market to 2025 – Global Analysis and Forecasts by Technology and Application the global biotechnology market is expected to reach US$ 471,336.4 Mn in 2025 from US$ 218,012.1 Mn in 2017. The market is estimated to grow with a CAGR of 10.5% from 2018-2025. The market is expected to grow owing to increasing advanced technologies, growing population, R&D expenditures and outsourcing activities across the globe. However, increased risks of genetically modified crops act as a major challenges hindering the market growth.
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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)
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.
The study includes basic information about the product such as Biotechnology Market scope, segmentation, outlook. Likewise, it includes supply-demand static, investment feasibleness, and factors that constrain the growth of an industry. Especially, it offers product demand, yearly revenue and growth facet of the industry.
Biotechnology Market regional outlook - North America 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.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.
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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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