Recent Advancement in Biotechnology Market: Anticipated to grow during 2019-2025 Profiling QIAGEN, BD, Bio-Rad Laboratories, Illumina and others
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The Eminent key players operating in the field of biotechnology worldwide include Thermo Fisher Scientific Inc., Merck KGaA, PerkinElmer, Inc., Agilent Technologies, Inc., F. Hoffmann-La Roche Ltd., Danaher, QIAGEN, Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., Illumina, Inc. and among others.
Biotechnology Market is estimated to reach 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 those that act as deterrents to its growth. The increasing initiatives by private and government bodies help to improve the biotechnology sector, in their countries. However, dearth of skilled professionals and lack of complete understanding of biosystems are expected to act as major challenges hindering the market growth.
Answers that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the “Biotechnology” market.
• Key market trends cracking up the growth of the “Biotechnology” market.
• Challenges to market growth.
• Key vendors of “Biotechnology” market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global “Biotechnology” market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.
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Global Biotechnology Market – By Technology
• DNA Sequencing
• Cell Based Assay
• PCR Technology
• Tissue Engineering and Regeneration
Global Biotechnology Market – By Application
• Industrial/Bio Processing
• Food & Agriculture
• Natural Resource & Environment
The increasing business segments in biotechnology field, high growth geographies, acquisitions, new products launches, continue to reduce costs and improve operating efficiency and the quality are expected to propel the growth for the global biotechnology market. The technology platform, and other related resources are helping the companies to accelerate the development of the biotechnology market.
The increasing number of product launches and acquisitions help the companies to expand their business. For instance, in March 2018, Danaher Corporation entered into agreement to acquire Integrated DNA Technologies (IDT). Additionally, in April 2017, Molecular Devices (Danaher Corporation) introduced SpectraMax DuoLuc Reporter Assay Kit to expand their product portfolio.
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The target audience for the report on the Biotechnology market
• Market analysts
• Senior executives
• Business development managers
• R&D staff
• Equity research firms
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, Healthcare, Manufacturing, Automotive and Defense.
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