Press release
Biotechnology Services Market: Steady Growth, Future Prospects, and Emerging Trends
Biotechnology Services Market
What Is The Projected Market Size Of The Global Biotechnology Services Market And Its Growth Rate?
• The biotechnology services market grew steadily from $133.74 billion in 2024 to $140.24 billion in 2025 (CAGR of 4.9%).
• Strong economic growth, increased collaborations, and increased food demand contributed to this growth.
• The market is expected to reach $171.87 billion in 2029 with a CAGR of 5.2%.
• This forecasted growth can be attributed to advancements in technology, rising non-communicable diseases, emphasis on innovation, increasing demand for agriculture-based biotechnology services, and growing demand for synthetic biology.
What Is Driving The Growth In The Biotechnology Services Market?
Growth in the biotechnology services market comes from an increase in diseases such as diabetes, hepatitis B, and cancer which drive research in biotechnology. Biotechnology uses tools from biology and chemistry to study genetic materials of bacteria and viruses to check disease-producing agents. Also, the rising pervasiveness of diseases and huge expenses on R&D are predicted to contribute to the growth of the biotechnology services market.
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Who Are the Key Players Driving Biotechnology Services Market Growth?
• Parexel International Corporation
• Thermo Fisher Scientific
• Laboratory Corporation of America Holdings
• IQVIA
• ICON plc
• Charles River Laboratories
• Syneos Health
• Sartorius AG
• Precision for Medicine Inc.
• Novartis
• and many more.
What Are The Key Trends In The Biotechnology Services Market?
• Strategic collaborations
• Integrating data management systems through cloud technology
• Development of next-generation sequencing technology
• Digitalizing techniques in conducting clinical trials
• Implementing automated solutions
• Deploying artificial intelligence technologies
• Investment in synthetic biology to develop products and solutions
What Are The Segments Of The Global Biotechnology Services Market?
• 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), And Contract Research And Manufacturing Services (CRAMS)
• By Area Of Application: Pharmaceutical, Biotechnology, Academic, Clinical Trial, Healthcare Sectors, Others
Which Region Leads The Biotechnology Services Market?
Asia-Pacific was the largest region in the biotechnology services market in 2024 and is followed by North America. The report covers these and other regions including Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Biotechnology Services Market Global Market Report?
- Market Size Analysis: Analyze the Biotechnology Services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Biotechnology Services Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Biotechnology Services Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Biotechnology Services Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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