Global Biotechnology Market Size, Share & Trends Analysis Report by Technology (DNA Sequencing, Cell-Based Assay, Nanobiotechnology, Tissue Engineering and Regeneration, Fermentation, and Others) and by Application (Healthcare, Crop Production and Agriculture, Industrial Processing, Natural Resources & Environment, and Others) and Forecast 2020-2026
The global biotechnology market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the rising investment of crop-gene editing technology and healthcare spending for the development of novel drugs across the globe. The biotechnology market is classified on the basis of technology and application. Based on technology, the market is segmented into DNA sequencing, cell-based assay, nanobiotechnology, tissue engineering and regeneration, fermentation, and others. Based on application, the market is segregated into healthcare, crop production and agriculture, industrial processing, natural resources & environment, and others. Among these applications, the biotechnology finds its significant application in the healthcare. In addition, the biotechnology in healthcare market is estimated to project a considerable CAGR during the forecast period. This growth is attributed to the rising demand for synthetic biology in novel treatment procedures, including the determination of vaccine for COVID-19.
Geographically, the global biotechnology market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America is expected to contribute a significant share in the global market. The US with a highly matured and technologically advanced healthcare infrastructure, contributes considerably in the biotechnology market. The US has a high spending on healthcare R&D, for the development of novel drugs and substantial funding provided for crop gene-editing technology, which in turn, offers growth to the biotechnology market in North America. In addition, Asia-Pacific is expected to project a considerable growth during the forecast period. This growth is backed by the rising population leading to the rise in geriatric population and continuous growth in the research activities in the region, especially in India, China, South Korea, and Japan.
The global biotechnology market is influenced by product development and advancements conducted by the market players. The key players of the biotechnology market include Amgen Inc., Novo Nordisk A/S, CSL Ltd., Bristol-Myers Squibb Co., AstraZeneca PLC, Merck & Co., Inc., Johnson & Johnson Services Inc., and Pfizer Inc. These players are playing a significant role in the growth of the biotechnology market by providing various products and adopting several strategies such as merger and acquisition, partnerships and collaboration, technological development, and others.
Research Methodology
The market study of the global biotechnology market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook.
In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of the reports.
Secondary sources include:
The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Market Segmentation:
1. Global Biotechnology Market Research and Analysis by Technology
2. Global Biotechnology Market Research and Analysis by Application
The Report covers:
The global biotechnology market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the rising investment of crop-gene editing technology and healthcare spending for the development of novel drugs across the globe. The biotechnology market is classified on the basis of technology and application. Based on technology, the market is segmented into DNA sequencing, cell-based assay, nanobiotechnology, tissue engineering and regeneration, fermentation, and others. Based on application, the market is segregated into healthcare, crop production and agriculture, industrial processing, natural resources & environment, and others. Among these applications, the biotechnology finds its significant application in the healthcare. In addition, the biotechnology in healthcare market is estimated to project a considerable CAGR during the forecast period. This growth is attributed to the rising demand for synthetic biology in novel treatment procedures, including the determination of vaccine for COVID-19.
Geographically, the global biotechnology market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America is expected to contribute a significant share in the global market. The US with a highly matured and technologically advanced healthcare infrastructure, contributes considerably in the biotechnology market. The US has a high spending on healthcare R&D, for the development of novel drugs and substantial funding provided for crop gene-editing technology, which in turn, offers growth to the biotechnology market in North America. In addition, Asia-Pacific is expected to project a considerable growth during the forecast period. This growth is backed by the rising population leading to the rise in geriatric population and continuous growth in the research activities in the region, especially in India, China, South Korea, and Japan.
The global biotechnology market is influenced by product development and advancements conducted by the market players. The key players of the biotechnology market include Amgen Inc., Novo Nordisk A/S, CSL Ltd., Bristol-Myers Squibb Co., AstraZeneca PLC, Merck & Co., Inc., Johnson & Johnson Services Inc., and Pfizer Inc. These players are playing a significant role in the growth of the biotechnology market by providing various products and adopting several strategies such as merger and acquisition, partnerships and collaboration, technological development, and others.
Research Methodology
The market study of the global biotechnology market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook.
In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of the reports.
Secondary sources include:
- Financial reports of companies involved in the market
- Whitepapers, research-papers, and news blogs
- Company websites and their product catalog
The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Market Segmentation:
1. Global Biotechnology Market Research and Analysis by Technology
2. Global Biotechnology Market Research and Analysis by Application
The Report covers:
- Comprehensive research methodology of the global biotechnology market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global biotechnology market.
- Insights about market determinants which are stimulating the global market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Table of Contents
1. Report Summary
2. Market Overview and Insights
3. Competitive Landscape
4. Market Determinants
5. Market Segmentation
6. Regional Analysis
7. Company Profiles
Companies Mentioned
A selection of companies mentioned in this report includes:
- Abbott Laboratories
- AbbVie Inc.
- ADOCIA
- Alere Inc.
- Alkermes PLC
- Amgen Inc.
- AstraZeneca PLC
- BIOCAD
- Biogen Inc.
- Bristol-Myers Squibb Co.
- CSL Ltd.
- F. Hoffmann La-Roche Ltd.
- Galapagos NV
- Johnson & Johnson Services Inc.
- Merck & Co., Inc.
- Miltenyi Biotec B.V. & Co. KG
- Novartis AG
- Novo Nordisk A/S
- Pfizer Inc.
- Regeneron Pharmaceuticals, Inc.
- Sanofi SA
- Thermo Fisher Scientific Inc.