Biotechnology Services Market Size 2020, Covid-19 Impact Analysis, Trends By Companies, Regional Outlook
The global biotechnology services market is expected to increase from $142.92 billion in 2019 to $150.06 billion in 2020 at a compound annual growth rate (CAGR) of 5.0%. The growth is mainly due to the COVID-19 outbreak that has led to an increase in research and development activities. The market is expected to grow further and reach $210.96 billion in 2023 at a CAGR of 12.03%.
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The biotechnology services market consists of the sales of biotechnology services and related goods by entities (organizations, sole traders and partnerships) that engage in conducting research and experimental development in biotechnology.
The increasing pervasiveness of conditions like hepatitis B, diabetes and cancer is driving the research in biotechnology. Biotechnology uses research tools from biology and chemistry to study the genetic material of bacteria and viruses to check the disease-producing agent. Oncology research is most prominent among biopharma companies. Stem cell treatment, using a monoclonal antibody for therapy and genome sequencing is progressing in medical applications.
Biotechnology Services Market Segmentation:
1. Prevention and Disease Control
2. Public Engagement Activities
3. Health Education and Research
4. Food Biotechnology services
5. Donor Recruitment
6. Tissue Collection
7. Cell Processing and Isolation
8. Research & Development
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Few Points From Table Of Content
1. Executive Summary
2. Biotechnology Services Market Characteristics
3. Biotechnology Services Market Size And Growth
4. Biotechnology Services Market Segmentation
5. Biotechnology Services Market Regional And Country Analysis
25. Biotechnology Services Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Biotechnology Services Market
27. Biotechnology Services Market Trends And Strategies
28. Biotechnology Services Market Future Outlook and Potential Analysis
The report covers the trends and market dynamics of the biotechnology services market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the biotechnology services market are Novartis, Fisher BioService, Pfizer, Novo Nordisk, BioAlps, Precision for Medicine, Sartorius, Aldevron.
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