Press release
Biotechnology Market is Estimated to Reach USD 1,763.52 billion By 2030: Cognitive Market Research
Biotechnology Market is Estimated to Reach USD 1,763.52 billion By 2030: Cognitive Market Research
Biotechnology uses living cells to develop or manipulate products for specific purposes, such as genetically modified foods. Modern biotechnology provides breakthrough products and technologies to fight rare diseases, reduce environmental footprint, feed the hungry, use less and cleaner energy, and have safer, cleaner, and more efficient industrial manufacturing processes. It uses biological processes like fermentation and harnesses biocatalysts such as enzymes, yeast, and other microbes to become microscopic manufacturing plants. Although biotechnology is not a new field, it is expanding rapidly and finding use in more and more aspects of daily life, including the production of food, pharmaceuticals, and the clean-up of toxic waste.
Summary:
The global biotechnology market was estimated at USD 889.98 billion in 2022 and is expected to be worth around USD 1,763.52 billion by 2030 and poised to grow at a noteworthy CAGR of 9.0% from 2023 to 2030.
To know more biotechnology market statistics click here:
https://www.cognitivemarketresearch.com/biotechnology-market-report
Market Dynamics
The increasing popularity of genetically modified crops and herbicide-tolerant & disease-resistant seeds, the rise in adoption of tissue culture technology, and the rising incidences of target diseases and genetic disorders are the key growth factors for the biotechnology market. According to Biotechnology Innovation Organization, there are currently more than 250 biotechnology-based medicines and vaccines on the market for patients, many of them for previously incurable diseases. Agricultural biotechnology is used by more than 13.3 million farmers worldwide to boost yields, guard against insect and pest damage, and lessen the environmental effect of farming. Further, favourable government initiatives along with collaborations with industry players can create opportunities for the market during the forecast period. However, strict regulations regarding biotechnology can hamper the growth of the market.
https://www.cognitivemarketresearch.com/genetically-modified-crops-market-report
Segmentation Analysis:
By Technology
• Fermentation
• Tissue Engineering and Regeneration
• Polymerase Chain Reaction (PCR) Technology
• Nanobiotechnology
• Chromatography
• Deoxyribonucleic Acid (DNA) Sequencing
• Cell-Based Assay
• DNA Sequencing
• Others
https://www.cognitivemarketresearch.com/dna-sequencing-products-market-report
By Application
• Bio-pharmacy
• Bio-industries
• Bio-services
• Bio-agriculture
• Bio-informatics
Get free sample pages of latest biotechnology market Report:
https://www.cognitivemarketresearch.com/biotechnology-market-report#request_sample
Regional Analysis:
North America dominates the biotechnology market and is expected to maintain its dominance during the forecast period. This is due to increasing investment in research and development, the strong presence of major market players, and awareness about biotechnology applications. For instance, in order to test and improve processes for creating biofuels and chemicals from renewable biomass, which can help reduce emissions of greenhouse gases, more than 50 biorefineries are being constructed across North America. On the other hand, Asia pacific is expected to grow at a significant CAGR during the forecast period, owing to the increasing development of healthcare and agriculture sectors in economies such as India, Japan, China, Korea, and others.
News:
Amgen to Acquired Rodeo Therapeutics Corporation (March 2021)
Amgen Inc. and Rodeo Therapeutics Corporation announced an agreement under which Amgen announced that it will acquire Rodeo, a privately held biopharmaceutical company based in Seattle that develops small-molecule therapies designed to promote regeneration and repair of multiple tissues.
Reference: https://www.amgen.com/newsroom/press-releases/2021/03/amgen-to-acquire-rodeo-therapeutics-corporation
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Biotechnology Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Biotechnology Market Segmentation
1.5.1 Biotechnology Market Regional Fragmentation
1.5.1 Biotechnology Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Biotechnology Market
Chapter 4 Global Biotechnology Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Biotechnology Market by Technology Segmentation Analysis (2018-2030)
Chapter 9 Global Biotechnology Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Biotechnology Market by End User Segmentation Analysis (2018-2030)
Chapter 11 Global Biotechnology Market Regional Analysis
Chapter 12 North America Biotechnology Market Outlook (2018 - 2030)
Chapter 13 Europe Biotechnology Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Biotechnology Market Outlook (2018 - 2030)
Chapter 15 Latin America Biotechnology Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Biotechnology Market Outlook (2018 - 2030)
Chapter 17 Research Findings
To know more Biotechnology Market TOC click here:
https://www.cognitivemarketresearch.com/biotechnology-market-report#table_of_contents
Related Report:
Cell Culture Market:
https://www.cognitivemarketresearch.com/cell-culture-market-report
Custom Antibody Market:
https://www.cognitivemarketresearch.com/custom-antibody-market-report
Biomarkers Market:
https://www.cognitivemarketresearch.com/biomarkers-market-report
Synthetic Biology Market:
https://www.cognitivemarketresearch.com/synthetic-biology-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
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Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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