Biotechnology Market Is Likely To Grow Around Worth Of USD 471,336.40 Million By The End Of 2025

The "Biotechnology Market forecast to 2025 - covid-19 impact and global analysis" report added to the insight partners has covered and analyzed the potential of global Biotechnology Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global market. Additionally, the report also highlights market entry strategies for various companies across the globe.

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The biotechnology market size was estimated to reach US$ 471,336.40 million by 2025 from US$ 218,012.10 million in 2017; it is estimated to grow at a CAGR of 10.5% during 2017-2025.

Biotechnology connects cellular and biomolecular processes to develop technologies and products that help improve lives and health. Through modern biotechnology, outstanding product and technology innovations against severe and rare diseases is possible. It also reduces the environmental footprint, as it utilizes less and cleaner energy for safer, cleaner, and more efficient industrial manufacturing processes.

Growing biotechnology applications in healthcare and favorable government initiatives and collaborations with industry players have favored the biotechnology market growth. However, stringent government regulations for the approval of biotechnological products may hinder the growth of market.

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Technology-Based Insights
The global biotechnology market, based on technology, is segmented into DNA sequencing, fermentation, cell based assay, nanobiotechnology, chromatography, PCR technology, tissue engineering & regeneration, and other technologies. The DNA sequencing segment held the largest market in 2017 and is also anticipated to continue to hold the largest size in 2025. However, the nanotechnology segment was the fastest-growing segment in 2017.

Application-Based Insights
The global biotechnology market, based on application, is segmented into industrial processing/bioprocessing, food and agricultural, health, bioinformatics, natural resource and environment, and others. The industrial processing segment led the market for biotechnology in 2017. Moreover, the segment is expected to witness growth in its demand at thefastest CAGR during 2017-2025.

The prominent/emerging players in the Biotechnology Market research include:
• THERMO FISHER SCIENTIFIC INC.
• PERKINELMER INC.
• DANAHER
• QIAGEN
• AGILENT TECHNOLOGIES
• BD
• BIO-RAD LABORATORIES
• ILLUMINA, INC.
• MERCK KGAA
• F. HOFFMANN-LA ROCHE LTD

Company overview:
Company overview provides the information about location of the company where it is headquartered along with the established year, employee strength as of 2017, regions where the company is operating and the key business areas.

Financial performance:
Overall company/segment revenue for the year 2019, 2018, and 2017 is provided in the sub title "financial performance" (public listed companies) along with the analysis and explanation of the increase or decrease in the same due to factors such as mergers & acquisition, profit or loss in any strategic business unit (sbus) and others.

Product benchmarking:
Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.

Strategic initiatives:
Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in market are covered under strategic initiatives section.

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This release was published on openPR.