Biotechnology Market To Witness Robust Expansion By 2026 With Top Key Players | F. Hoffmann-La Roche, Abbott Laboratories Illumina, Merck, PerkinElmer, Qiagen and Thermo Fisher Scientific, Amgen, Bio-Rad Laboratories

The "Global Biotechnology Market:2020" Industry Report is a professional and in-depth study on the current state of the Biotechnology Market by PMR. The Biotechnology market is supposed to demonstrate a considerable growth during the forecast period of 2020 - 2026. The company profiles of all the key players and brands that are dominating the market have been given in this report. Their moves like product launches, joint ventures, mergers and acquisitions and the respective effect on the sales, import, export, revenue and CAGR values have been studied completely in the report. The scope of this Biotechnology market report can be expanded from market scenarios to comparative pricing between major players. The emerging trends along with major drivers, challenges and opportunities in the market are also identified and analysed in this report.

Biotechnology help organizations to develop cogent, coherent plans of action to improve their performance.

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well-known companies profiled in the report include

o Abbott
o Agilent Technologies
o BioGen Medical Instruments
o F. Hoffmann-La Roche
o Qiagen
o Thermo Fisher Scientific
o Bio-Rad Laboratories
o Amgen, Inc.
o AstraZeneca
o Biogen
o Celgene Corporation
o Genzyme
o Johnson & Johnson Services, Inc
o Merck & Co
o Novartis AG
o Pfizer Inc.
o Sanofi Aventis

global biotechnology market is segmented on the basis of technology, application and region:

Biotechnology Technology Outlook (Revenue, USD Billion, 2015 - 2026)

o Nanobiotechnology
o DNA Sequencing
o Tissue regeneration and engineering
o Chromatography
o PCR technology
o Fermentation
o Cell based assays
o Others
Biotechnology Application Outlook (Revenue, USD Billion, 2015 - 2026)

o BioPharmacy
o BioServices
o BioAgriculture
o BioIndustrial
o Bioinformatics

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The global biotechnology market is estimated to reach USD 727.12 billion by 2026 growing at a CAGR of 6.84% during the forecast period, according to a new study published by Polaris Market Research. Growing hepatitis B disease, increasing interest of horticultural items such as sugarcane, rice, beans, and wheat due from the increasing populations in economies such as U.S., China and India are expected to push the overall biotechnology market. The growth of this market is further propelled by elements such as deficiency of water, low yield of items, insect attacks, and constrained availability of agrarian land, which is promoting the companies to invest and conduct R&D activities at a broader scale.

Encouraging government policies associated with biological advancements is also propelling the growth in this market. Established economies such as United States and UK and growing economies such as China and India are investing in the biotechnology R&D initiatives. Governments are associating with private companies for expanding their research into this domain.

North American pharma and biotech organizations have experienced excellent success in last couple of years resulting in a larger market share. Universities and research institutes are also introducing various biotech-based programs which would help the market to gain its much-required traction. The Asia Pacific market on the other hand is anticipated to grow at the most significant rate due to improving and growing healthcare infrastructure coupled with local companies in this region focusing on developing advanced medicines to cure chronic diseases such as cancer with the help of biotechnology. With strong government and federal assistance and recruitment of extremely trained researchers has made it possible for countries such as China and India to swiftly develop capacity for regenerative medication.

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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world

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