Biotechnology Services Market Anticipated To Witness Robust Growth, Surpassing $171.87 Billion By 2029

The Biotechnology Services Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Biotechnology Services Market Size and Its Estimated Growth Rate?
In the past few years, the biotechnology services market has experienced steady expansion. It is projected to increase from $133.74 billion in 2024 to $140.24 billion in 2025, with a compound annual growth rate (CAGR) of 4.9%. The increase during the historic period can be traced back to robust economic development in the emerging markets, heightened collaborations with other research institutions and corporations, and a higher demand for food.

Strong surge in the biotechnology services market size is anticipated in the upcoming years, with a projected increase to $171.87 billion in 2029 and a compound annual growth rate (CAGR) of 5.2%. The expected growth during the forecasting period can be credited to several factors such as swift technological progression, growing cases of non-communicable illnesses, focus on ingenuity, heightened demand for agricultural biotechnology services, burgeoning needs for synthetic biology, enhancements in drug research methods, expansion in personalized medicine, and partnerships and collaborations. Predominant trends expected during the forecast period involve strategic partnerships, integration of data management systems by leveraging cloud technology, advances in next-generation sequencing technology, digitalisation of clinical trial processes, implementation of automated solutions, application of artificial intelligence technologies, and funds poured into synthetic biology for creating diverse products and solutions.

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How Are Emerging Segments Shaping the Biotechnology Services Market Landscape?
The biotechnology services market covered in this report is segmented -

1) 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
2) By Industry: Clinical Research Organizations (CROS), Contract Manufacturers Organizations (CMOS), And Contract Research And Manufacturing Services (CRAMS)
3) By Area Of Application: Pharmaceutical, Biotechnology, Academic, Clinical Trial, Healthcare Sectors, Others

Subsegments:
1) By Prevention And Disease Control: Vaccination Services, Disease Surveillance
2) By Public Engagement Activities: Awareness Campaigns, Community Outreach Programs
3) By Health Education And Research: Medical Training Programs, Research Grants And Fellowships
4) By Food Biotechnology Services: Genetically Modified Crop Services, Food Safety Testing
5) By Donor Recruitment: Blood Donor Recruitment, Organ Donor Recruitment
6) By Tissue Collection: Blood Tissue Collection, Biopsy Tissue Collection
7) By Cell Processing And Isolation: Stem Cell Processing, Immune Cell Isolation
8) By Research And Development: Drug Discovery Services, Clinical Research

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Which Growth Factors Are Influencing Biotechnology Services Market Expansion?
The escalating occurrence of disorders such as hepatitis B, diabetes, and cancer is stimulating research in biotechnology. Biotechnology employs tools from both biology and chemistry to examine the genetic substance of bacteria and viruses and identify the agents that cause diseases. Research in oncology stands out among Biopharma companies. Progress is being made in medical applications through stem cell treatment using a monoclonal antibody for therapy and genome sequencing. An example of this is found in June 2024 when the National Health Service, a UK governmental department, reported that in 2023, they identified an additional 549,000 individuals in England facing the risk of developing type 2 diabetes. This took the total count of people with non-diabetic hyperglycemia or pre-diabetes registered with a GP to 3,615,330. This shows a considerable escalation compared to 3,065,825 in 2022, marking a near 20% increase. Moreover, another instance is from February 2024, when the World Health Organization, an intergovernmental organization based in Switzerland, predicted that by 2050, there would be over 35 million new cases of cancer, reflecting a 77% increase from the anticipated 20 million cases in 2022. Therefore, the growing prevalence of diseases and substantial investment in R&D are anticipated to foster the growth of the biotechnology services market.

Who Are the Dominant Players Across Different Biotechnology Services Market Segments?
Major companies operating in the biotechnology services market include 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, Eppendorf Asia Pacific Sdn. Bhd., Emmessar Biotech & Nutrition Ltd, Vcanbio Cell & Gene Engineering Corp., Ltd, Ke Rui Gene, Absea Biotechnology Ltd, CStone Pharm-B, Daiichi Sankyo, bitBiome, Taisho Pharmaceutical, AGC Biologics, Hamamatsu Pharma Research, Artios Pharma, AstraZeneca, Bio Products Laboratory (BPL), Cambridge Bioscience, Shire Pharmaceuticals Ltd, BTG Ltd, eXmoor Pharma, 4D Pharma PLC, Touchlight Genetics, Ophidia Medical Technologies, ATAI Life Sciences, Phaseform, Evotec, Sanity Group, Primmbiotech Vaccitech, Biolat, Asla-Biotech, Genera, Anima Lab, Silvanols, OU TBD-Biodiscovery, Qvalitas Arstikeskus AS, Concise Systems OU, GPE Globalpharma OU, Belarusian National Biotechnology Corporation, Innothera, Olainfarm, Pharmaidea, Amgen Inc., Gilead Sciences, Celgene Corporation, Biogen Inc., Vertex Pharmaceuticals, Illumina, Inc., Regeneron Pharmaceuticals Inc., Alexion Pharmaceuticals, Hemostemix Inc., Resverlogix Corporation, Zenith Epigenetics Corp., Bayer, AMEGA Biotech, Pierre Fabre, Pfizer, Quantificare, Apsen Farmaceutica, BioMarin Pharmaceutical, DK Diagnostics, Biosonda Biotechnology, Laboratorios Legrand, Biomerics, Julphar Pharmaceuticals, Medpharma, Pharmax, Neopharma, City Breeze Technical Services, CinnaGen, BioSun Pharmed, AryoGen Pharmed, 4Clinics, 54gene, Amoun, Aspen Pharmacare, BBI Solutions, BioTech Africa, ClinArt MENA, Crux Pharmaceuticals, Genesis Pharmaceuticals, Massive Genomics, Mayne Pharma, Sanofi Genzyme, Teleflex Medical, The Micron Group

What Are the Latest Developing Trends in the Biotechnology Services Market?
The trend of partnerships and collaborations among industry stakeholders is on the rise in the biotech services sector. For example, ICL Partners, a manufacturing company based in Israel, teamed up with Ideelab Biotechnology, a Brazil-based biotech firm, in April 2024. This partnership was aimed at speeding up the invention of groundbreaking biological technologies for agriculture, with a special focus on sustainable and regenerative solutions. By utilizing Ideelab's proficiencies in advanced biologicals and ICL's renowned leadership in plant nutrition and physiology, the union aims to develop revolutionary products to tackle worldwide agricultural issues and boost food production.

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Which Geographic Regions Are Expected to Dominate the Biotechnology Services Market in the Coming Years?
Asia-Pacific was the largest region in the biotechnology services market in 2024. North America was the second largest region in the global biotechnology services market analysis. The regions covered in the biotechnology services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Biotechnology Services Market?
2. What is the CAGR expected in the Biotechnology Services Market?
3. What Are the Key Innovations Transforming the Biotechnology Services Industry?
4. Which Region Is Leading the Biotechnology Services Market?

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