2023 Biotechnology Services Market Report: Major Key Players, Application, Growth And Analysis, Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the biotechnology services market report by The Business Research Company, the increasing pervasiveness of conditions like hepatitis B, diabetes, and cancer is driving 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 agents. 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.

The global biotechnology services market size will grow from $146.85 billion in 2022 to $163.71 billion in 2023 at a compound annual growth rate (CAGR) of 11.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global biotechnology services market size is expected to grow to $241.17 billion in 2027 at a CAGR of 10.2%.

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https://www.thebusinessresearchcompany.com/report/biotechnology-services-global-market-report

Major competitors in the biotechnology services market include Novartis, Fisher BioService, Pfizer, Novo Nordisk, BioAlps, Precision for Medicine, Sartorius and Aldevron

The biotechnology services market is segmented -
By Service: Prevention and Disease Control, Public Engagement Activities, Health Education and Research, Food Biotechnology Services, Donor Recruitment, Tissue Collection, Cell Processing and Isolation, Research and Development

By Industry: Clinical Research Organizations (CROs), Contract Manufacturers Organizations(CMOs), Contract Research and Manufacturing Services (CRAMS)

By Area of Application: Pharmaceutical, Biotechnological, Academic, Clinical Trial, Healthcare Sectors

By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the biotechnology services market.

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Biotechnology services refer to the services that modify living microorganisms to provide biotechnology products on a contract or custom basis to medical, pharmaceutical, and scientific laboratories. They provide breakthrough products and technologies to combat debilitating and rare diseases, reduce our environmental footprint, feed the hungry, use less and cleaner energy, and have safer, cleaner and more efficient industrial manufacturing processes.

The Table Of Content For The Biotechnology services market Include:
1. Executive Summary
2. Biotechnology Services Market Characteristics
3. Biotechnology Services Market Trends And Strategies
4. Biotechnology Services Market - Macro Economic Scenario
5. Biotechnology Services Market Size And Growth
.......
26. Africa Biotechnology Services Market
27. Biotechnology Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Biotechnology Services Market
29. Biotechnology Services Market Future Outlook and Potential Analysis
30. Appendix

The "Global Biotechnology services market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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