Comprehensive Report on Biotechnology Market Precise Outlook, Latest Trends and Rising Opportunities by 2027

According to a new market research study titled ‘Biotechnology Market to 2025 - Global Analysis and Forecasts by Technology, and Application the global biotechnology market was valued at US$ 218,012.1 Mn in 2017 and is estimated to reach US$ 471,336.4 Mn by 2025.

The biotechnology market segment by technology into DNA sequencing, fermentation, cell based assay, nanotechnology, chromatography, PCR technology, tissue engineering & regeneration and other technologies. The biotechnology by type, the dominance of DNA sequencing segment attributes to basic and applied research studies and its applications.

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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 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.

The rising future conferences and workshops is also anticipated to propel the growth of the biotechnology market in the forecast period. The conferences is the excellent opportunity for the envoys from institutes and universities to interact with the world-class scientists, researchers to discuss the major topics related to current scenario of biotechnology including pharmaceutical biotechnology in healthcare, industrial and microbial biotechnology, food biotechnology, agriculture biotechnology, plant biotechnology, animal biotechnology, environmental biotechnology and nanobiotechnology including their applications.

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Global Biotechnology Market – By Technology

DNA Sequencing
Fermentation
Cell Based Assay
Nanobiotechnology
Chromatography
PCR Technology
Tissue Engineering and Regeneration
Others

Global Biotechnology Market – By Application

Industrial/Bio Processing
Bioinformatics
Food & Agriculture
Health
Natural Resource & Environment
Others

The technique helps to target the specific gene that can be used to design the drugs for the specific genetic diseases. Moreover, the DNA sequencing is used for the genetic testing for the paternity and other family relationship. Many companies such as Thermo Fisher Scientific Inc., Merck KGaA and Illumina, Inc. offer various kits and reagents for the DNA sequencing technique. Thus, the advantages offered by DNA sequencing and their use in the above mentioned applications are expected to robust the growth of the segment in the forecast period.

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.

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Key Benefits of Buying this Research Study:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Biotechnology Market

• Highlights key business priorities in order to assist companies to realign their business strategies

• The key findings and recommendations highlight crucial progressive industry trends in the Biotechnology Market, thereby allowing players across the value chain to develop effective long term strategies

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

• Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.

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This release was published on openPR.