Press release
Biotechnology Market To Be Driven By Increasing Prevalence Of Diseases Such As Cancer Till 2020: Grand View Research, Inc.
The presence of government funded institutions such as the NBTB (National Biotechnology Board) and DBT (Department of Biotechnology) are carrying out R&D and product development exercises pertaining to this field. Funding and scientific updates rendered by these institutions are likely to boost market growth over the forecast period.
Application of biotechnological processes such as genetic engineering and genetic modification (GM) in agricultural and food products to meet the demand of the booming population is expected to encourage R&D. Biotechnology plays an integral role in catering to the ever increasing agricultural demands.
Browse full research report on Global Biotechnology Market: (http://www.grandviewresearch.com/industry-analysis/biotechnology-market?utm_source=referral&utm_medium=pressrelease&utm_campaign=Snehali_May)
Tissue engineering and regeneration held approximately 33.0% of the overall market owing to, the wide applications of tissue engineering in cell organs which have lost their functionality. Moreover, increasing incidence rates of Parkinson’s and Alzheimer’s is another vital driver of this industry as tissue regeneration technology helps repair damaged cells.
DNA sequencing is expected to be fastest growing segment over the forecast period as a consequence of their wide applications in different verticals such as agriculture, biology, medical and geology. Declining costs will further improve accessibility over the forecast period.
The application of biotechnology in the field of biopharmaceuticals generated the largest revenue in 2014. The market for biopharmaceuticals was valued at over USD 180.0 billion in the year. Biopharmaceuticals are further sub segmented into advanced drugs, orphan drugs, monoclonal antibodies and recombinant proteins.
Bioservices market is expected to witness the fastest growth over forecast period owing to, the rising clinical research activities undertaken by various pharmaceutical and biotechnological organizations. In addition, the rising demand for cost cutting, implementation of stringent government regulations and increasing complexity of biotechnological processes are some key drivers of this segment.
North America accounted for the largest share of the overall industry in 2013 with revenue over USD 113 billion, as a result of increasing R&D initiatives undertaken in the fields of biopharmacy and agriculture. The use of biotechnology tools for energy generation will also boost penetration rates during the forecast period.
Asia Pacific is expected to gain lucrative revenue share over the forecast period and is expected to register an annual growth of 14.0%. Rising awareness levels and government initiatives to improve healthcare infrastructure are likely to drive regional market growth.
Biotechnology players are classified based on the nature of their clientele. Key biotechnology players include Invitrogen, Cubist Pharmaceutical, Regeneron, Novo Nordisk, Amgen, Teva Pharmaceutical Industries, Roche Diagnostics, and Alkermes
For more information: www.grandviewresearch.com
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Press Contact
Sherry James - Corporate Relations Specialist
28 2nd Street, Suite 3036
San Francisco, CA 94105
United States
Phone: 1-415-349-0058
Email: sales@grandviewresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Biotechnology Market To Be Driven By Increasing Prevalence Of Diseases Such As Cancer Till 2020: Grand View Research, Inc. here
News-ID: 522331 • Views: …
More Releases from Grand View Research, Inc.
Generative AI Market Size, Share, And Industry Outlook Report, 2030
Generative AI Market Growth & Trends
The global generative AI market size is anticipated to reach USD 109.37 billion by 2030, according to a new report by Grand View Research, Inc., registering a CAGR of 37.6% from 2025 to 2030. Growing demand to modernize workflow across industries is expected to drive the demand for generative AI applications among industries. Other factors that propel the market growth include the evolution of AI…
Maternal Mental Health Market To Reach $45.72 Billion By 2030 | Therapy Mama, Ca …
The global maternal mental health market size is expected to reach USD 45.72 billion by 2030, growing at a CAGR of 28.43%, according to a new report by Grand View Research, Inc. Maternal mental health issues are a global concern that affects women of various countries and cultures. It refers to the emotional well-being of women during the pregnancy and postpartum period. The market is driven by the increasing incidence…
Downstream Processing Market Size, Share & Trends Analysis Report, 2030
The global downstream processing market size is expected to reach USD 94.79 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 14.84% from 2023 to 2030. The capacity requirements during the development of biologic drugs have changed over the past few years, wherein the demand for manufacturing high-volume products has shifted to developing small-volume, high-potency…
Electric Mobility Industry: E- Light Commercial Vehicle Thereby Contributing To …
The global electric mobility industry size stood at USD 101.67 billion in 2022 and will exhibit a CAGR of 19.9% from 2023 to 2030, according to the "Electric Mobility Industry Data Book, 2023 - 2030," published by Grand View Research. The growth comes on the back of an exponential rise in smart cities and a gradual uptick in charging infrastructure. Further, the strong outlook of electric mobility will rely on the launch…
More Releases for Biotechnology
Yam Polysaccharide Market Consolidation Chronicles: Player Tactics for Market Do …
"This comprehensive Yam Polysaccharide report offers a deep dive into the global market, encompassing a wide spectrum of analyses to equip you with a profound understanding of its dynamics. Beyond the standard SWOT analysis, our study incorporates a diverse range of analytical approaches, including the insightful PESTLE analysis, qualitative and quantitative assessments, absolute dollar opportunity analysis, and the robust Porter's Five Forces analysis. We leave no stone unturned when exploring…
Coriander Extract Market: Top Growth Pockets Promising Market Dominance | Fufeng …
"In this comprehensive Coriander Extract report, we delve deep into the global TechSphere, leaving no stone unturned in our quest for insights. Our seasoned team of analysts has harnessed cutting-edge research tools and techniques to fathom the dimensions of the technology Coriander Extract market. Our findings encompass both the quantitative and qualitative aspects, offering valuable insights for industry stakeholders. We've meticulously dissected the Coriander Extract market landscape, scrutinizing every nook…
Marine Biotechnology Market - Diving into Innovation: Marine Biotechnology Unlea …
Newark, New Castle, USA - The latest report from Growth Plus Reports analyzes the production, potential applications, demand, major manufacturers, and SWOT analysis of the global Marine Biotechnology Market.
Marine Biotechnology Market: https://www.growthplusreports.com/report/marine-biotechnology-market/9190
The Marine Biotechnology Market Report assists in determining the optimum distribution methods for certain products as well as possible markets for future product launches. The report also analyses the purchase and supply trends that influence the market's production strategy.…
Crabapple Leaf Extract Market Growth, Competitive Analysis and Forecast 2028| La …
LOS ANGELES, United States: The report named, "Global Crabapple Leaf Extract Market Report, History and Forecast 2017-2028" has been added to the archive of market research studies by QY Research. The industry experts and researchers have offered reliable and precise analysis of the global Crabapple Leaf Extract market in view of numerous aspects such as growth factors, challenges, limitations, developments, trends, and growth opportunities. This report will surely act as…
Automated Liquid Handler Market to Eyewitness Massive Growth by Illumina Biotech …
A2Z Market Research announces the release of the Automated Liquid Handler Market research report. The global Automated Liquid Handler market research is predicted to record a 8.50% CAGR during the review period 2021-2027.
Automated fluid handling systems (ALH) are a set of instruments and devices used in fluid handling that perform various functions related to fluid transfer in a clinical and research setting. ALH systems have contributed to the streamlining…
Global Malic Acid Market 2017 Sealong Biotechnology, Jinhu Lile Biotechnology
Global Malic Acid Market 2016 - 2017
The Market research study, titled Worldwide Malic Acid Market 2017, presents critical information and factual data about the Malic Acid market globally, providing an overall statistical study of the Malic Acid market on the basis of market drivers, Malic Acid Market limitations, and its future prospects. The prevalent global Malic Acid trends and opportunities are also taken into consideration in Malic Acid industry…
