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Biotechnology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 175 Pages
  • May 2023
  • Region: Global
  • IMARC Group
  • ID: 5820621
Description Jump to:
The global biotechnology market size reached US$ 665.6 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 1,033.6 Billion by 2028, exhibiting a growth rate (CAGR) of 7.4% during 2023-2028.

Biotechnology is the deliberate genetic manipulation technology that uses biological processes and living organisms to develop products for specific applications, such as genetically modified food products. It involves the manufacturing of therapeutic proteins and various medications through genetic engineering. It helps improve the nutritional content of different food and prevent health problems. It allows medical researchers to research more about cancer and genetic disorders and offers medical advancement opportunities. Besides this, biotechnology is used in the agriculture industry to enhance pest resistance, grow genetically modified plants, enhance crop herbicide tolerance, and facilitate sustainable farming. At present, it finds extensive applications in chemical manufacturing, wastewater treatment, and minimizing the harmful emissions of industrial processes.

Biotechnology Market Trends:

The growing global population is leading to increasing food scarcity, which, in turn, is catalyzing the demand for biotechnology to improve crop production. In addition, the rising prevalence of chronic medical ailments and the growing need for personalized medications are positively influencing the market. Biotechnology is employed in the healthcare sector in stem cell research and cloning techniques to replace damaged cells and tissues in regenerative medicine. Additionally, the increasing number of orphan drug formulations are expanding biotechnology applications and offering lucrative growth opportunities to emerging biotechnology companies. Furthermore, various initiatives are being undertaken by governments of several countries to improvise the medication regulatory policies, standardize clinical studies, and improve reimbursement policies. This, in turn, is encouraging industry investors and offers a favorable market outlook. Moreover, increasing investments in research and development (R&D) activities in the field of biotechnology to understand molecular root causes of diseases and provide adequate medication and treatment are expected to propel market growth.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global biotechnology market report, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on product type, technology, and application.

Breakup by Product Type:

  • Instruments
  • Reagents
  • Software and Services
Based on product type, the market has been segregated into instruments, reagents, and software and services.

Breakup by Technology:

  • Nanobiotechnology
  • Tissue Engineering and Regeneration
  • DNA Sequencing
  • Cell-Based Assays
  • Fermentation
  • PCR Technology
  • Chromatography
  • Others
  • Based on technology, the market has been segmented into nanobiotechnology, tissue engineering and regeneration, DNA sequencing, cell-based assays, fermentation, PCR technology, chromatography, and others

Breakup by Application:

  • Healthcare
  • Food and Agriculture
  • Natural Resources and Environment
  • Industrial Processing
  • Bioinformatics
  • Others
Biotechnology is used in the healthcare industry due to the rising prevalence of various chronic ailments and the rising need for diagnostic tests, therapies, and medications.

Breakup by Region:

North America

  • United States
  • Canada

Asia-Pacific

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others

Europe

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others

Latin America

  • Brazil
  • Mexico
  • Others

Middle East and Africa

  • North America exhibits a clear dominance in the market on account of the existence of various key players and rising expenditure on research and development (R&D) activities in the region.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Amgen Inc., Biocon Limited, Biogen Inc., F. Hoffmann-La Roche AG, Genmab A/S, Lonza Group AG, Novartis AG, Novo Nordisk A/S, Pfizer Inc., Regeneron Pharmaceuticals Inc., Seagen Inc., Syngenta AG and Vertex Pharmaceuticals Incorporated.

Key Questions Answered in This Report:

  • How has the global biotechnology market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global biotechnology market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global biotechnology market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Biotechnology Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Instruments
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Reagents
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Software and Services
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Technology
7.1 Nanobiotechnology
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Tissue Engineering and Regeneration
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 DNA Sequencing
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Cell-Based Assays
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Fermentation
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 PCR Technology
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Chromatography
7.7.1 Market Trends
7.7.2 Market Forecast
7.8 Others
7.8.1 Market Trends
7.8.2 Market Forecast
8 Market Breakup by Application
8.1 Healthcare
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Food and Agriculture
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Natural Resources and Environment
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Industrial Processing
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Bioinformatics
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Amgen Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.2 Biocon Limited
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Biogen Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 F. Hoffmann-La Roche AG
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.5 Genmab A/S
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Lonza Group AG
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Novartis AG
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Novo Nordisk A/S
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Pfizer Inc.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Regeneron Pharmaceuticals Inc.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Seagen Inc.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 Syngenta AG
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 SWOT Analysis
14.3.13 Vertex Pharmaceuticals Incorporated
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.13.3 Financials
14.3.13.4 SWOT Analysis
List of Figures
Figure 1: Global: Biotechnology Market: Major Drivers and Challenges
Figure 2: Global: Biotechnology Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Biotechnology Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Biotechnology Market: Breakup by Product Type (in %), 2022
Figure 5: Global: Biotechnology Market: Breakup by Technology (in %), 2022
Figure 6: Global: Biotechnology Market: Breakup by Application (in %), 2022
Figure 7: Global: Biotechnology Market: Breakup by Region (in %), 2022
Figure 8: Global: Biotechnology (Instruments) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Biotechnology (Instruments) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Biotechnology (Reagents) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Biotechnology (Reagents) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Biotechnology (Software and Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Biotechnology (Software and Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Biotechnology (Nanobiotechnology) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Biotechnology (Nanobiotechnology) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Biotechnology (Tissue Engineering and Regeneration) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Biotechnology (Tissue Engineering and Regeneration) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Biotechnology (DNA Sequencing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Biotechnology (DNA Sequencing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Biotechnology (Cell-Based Assays) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Biotechnology (Cell-Based Assays) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Biotechnology (Fermentation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Biotechnology (Fermentation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Biotechnology (PCR Technology) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Biotechnology (PCR Technology) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Biotechnology (Chromatography) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Biotechnology (Chromatography) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Biotechnology (Other Technologies) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Biotechnology (Other Technologies) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Biotechnology (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Biotechnology (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Biotechnology (Food and Agriculture) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Biotechnology (Food and Agriculture) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Biotechnology (Natural Resources and Environment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Biotechnology (Natural Resources and Environment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Biotechnology (Industrial Processing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Biotechnology (Industrial Processing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Biotechnology (Bioinformatics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Biotechnology (Bioinformatics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Biotechnology (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Biotechnology (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: North America: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: North America: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: United States: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: United States: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Canada: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Canada: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Asia-Pacific: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Asia-Pacific: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: China: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: China: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Japan: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Japan: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: India: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: India: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: South Korea: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: South Korea: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Australia: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Australia: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Indonesia: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Indonesia: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Others: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Others: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Europe: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Europe: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Germany: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Germany: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: France: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: France: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: United Kingdom: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: United Kingdom: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Italy: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Italy: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Spain: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Spain: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Russia: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Russia: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Others: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Others: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Latin America: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Latin America: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Brazil: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Brazil: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Mexico: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Mexico: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Others: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Others: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Middle East and Africa: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Middle East and Africa: Biotechnology Market: Breakup by Country (in %), 2022
Figure 90: Middle East and Africa: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Global: Biotechnology Industry: SWOT Analysis
Figure 92: Global: Biotechnology Industry: Value Chain Analysis
Figure 93: Global: Biotechnology Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Biotechnology Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Biotechnology Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Biotechnology Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 4: Global: Biotechnology Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Biotechnology Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Biotechnology Market: Competitive Structure
Table 7: Global: Biotechnology Market: Key Players

Companies Mentioned

  • Amgen Inc.
  • Biocon Limited
  • Biogen Inc.
  • F. Hoffmann-La Roche AG
  • Genmab A/S
  • Lonza Group AG
  • Novartis AG
  • Novo Nordisk A/S
  • Pfizer Inc.
  • Regeneron Pharmaceuticals Inc.
  • Seagen Inc.
  • Syngenta AG and Vertex Pharmaceuticals Incorporated

Methodology

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Table Information

Report AttributeDetails
No. of Pages175
PublishedMay 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 665.6 Billion
Forecasted Market Value ( USD ) by 2028 $ 1033.6 Billion
Compound Annual Growth Rate7.6%
Regions CoveredGlobal
No. of Companies Mentioned12

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