The market is driven by strong government support through initiatives aimed at modernization of the regulatory framework, improvements in approval processes and reimbursement policies, as well as standardization of clinical studies. The growing foothold of personalised medicine and an increasing number of orphan drug formulations are opening new avenues for biotechnology applications and are driving the influx of emerging and innovative biotechnology companies, further boosting market revenue.
Global Biotechnology Market size was USD 993.87 billion in 2022 and is predicted to reach USD 1983.52 billion in 2031, exhibiting at a CAGR of 9.7% during the forecast period.
The latest report from Biotechnology Market provides an in-depth analysis and comprehensive coverage of revenue projections for the forecast period. It highlights current trends, industry insights, and growth prospects, making it particularly valuable for newcomers to the market. This research report offers detailed analyses of both global and regional markets, shedding light on variations in industry growth across different regions. It examines market status, investment strategies, establishment and utilization trends, and pricing patterns, delivering valuable insights for industry stakeholders.
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Major & Emerging Players in Biotechnology Market:
The titled segments and sub-sections of the market are illuminated below:
- AstraZeneca
- Gilead Sciences Inc.
- Bristol-Myers Squibb
- Biogen
- Abbott Laboratories
- Amgen Inc.
- Novo Nordisk A/S
- Merck KGaA
- Johnson & Johnson Services
- Novartis AG
- Sanofi
- Hoffmann-La Roche Ltd.
- Pfizer Inc.
- Lonza
Market Factors Explained in the Biotechnology Market Report:
- Key Strategic Developments: Includes R&D, new product launches, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of leading competitors.
- Key Market Features: Covers revenue, price, capacity, capacity utilization rate, gross production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.
- Analytical Tools: Utilizes Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis to analyse the growth of key players in the market.
Biotechnology Market: Recent Development
- In 2021, Thermo Fischer Scientific agreed to pay USD 17.4 billion to acquire the clinical research organisation Pharmaceutical Product Development (PPD). This acquisition would help the company commercialise drug discoveries by investing more in drug development and expanding its clinical research business.
- In 2021, Amgen agreed to buy Rodeo Therapeutics Corporation (Rodeo). Rodeo Therapeutics Corporation is a biopharmaceutical company that develops small-molecule therapies to aid in the regeneration and repair of specific tissues. This acquisition will enable Amgen to offer innovative biopharmaceutical products and reclaim its market position.
Segmentations: Biotechnology Market
By Technology Outlook
- Nano biotechnology
- Tissue Engineering & Regeneration
- DNA Sequencing
- Cell-based Assays
- Fermentation
- PCR Technology
- Chromatography
- Others
By Application Outlook
- Health
- Food & Agriculture
- Natural Resources & Environment
- Industrial Processing
- Bioinformatics
- Other Applications
Global Biotechnology Market: Regional Outlook
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Norway
- Netherlands
- Sweden
- United Kingdom
- France
- Germany
- Others
North America
- United States
- Canada
Middle East and Africa
- Turkey
- Saudi Arabia
- Iran
- United Arab Emirates
- Others
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Others
Strategic Points Covered in Table of Content of Global Biotechnology Market:
Chapter 1: Introduction, market driving force, product objective of study, and research scope of the Biotechnology market.
Chapter 2: Exclusive summary providing basic information about the Global Biotechnology Market.
Chapter 3: Market dynamics, including drivers, trends, and challenges of the Biotechnology market.
Chapter 4: Analysis of Biotechnology market factors using Porter's Five Forces, supply/value chain, PESTEL analysis, market entropy, and patent/trademark analysis.
Chapter 5: Market segmentation by type, end-user, and region.
Chapter 6: Evaluation of leading manufacturers, including competitive landscape, peer group analysis, BCG matrix, and company profiles.
Chapter 7: Market evaluation by segments, countries, and manufacturers, with revenue share and sales by key countries in various regions.
Chapters 8 & 9: Appendix, methodology, and data sources.
Learn More About the Study:
This report offers a clear perspective on every aspect of the market, providing all the facts about the past, present, and future of the concerned market without the need for other research reports or data sources.
For more information on the Biotechnology Report, visit @ https://www.econmarketresearch.com/industry-report/biotechnology-market/
Managed Biotechnology Market Research Offers:
- Regional level analysis with production, sales, consumption, imports, and exports.
- Basic information for manufacturers, including product category, sales revenue, price, and gross margin (2019-2019).
- Market forecasts for at least 7 years for all mentioned segments.
- Supply chain trends mapping the latest technological advancements.
- Insights into drivers, constraints, opportunities, threats, challenges, and investment opportunities.
- Strategies for new entrants in the managed Biotechnology market.
- Analysis of manufacturing processes, suppliers, prices, production and consumption, transportation modes, cost analysis, and industry chain analysis.
- Company profiling with detailed strategies, financials, and recent developments.
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