Global Biotechnology
Market Report
2024
As per Cognitive Market Research's latest published report, the Global Biotechnology market size was $889.98 Billion in 2022 and it is forecasted to reach $1,763.52 Billion by 2030. Biotechnology Industry's Compound Annual Growth Rate will be 9.0% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Biotechnology market was valued at USD 1,224.31 Billion in 2022 and will reach USD 3,210.71 Billion, with a CAGR of 12.8 % from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Biotechnology Market Sales Revenue 2022 | $ 889.98 Billion |
Global Biotechnology Market Sales Revenue 2030 | $ 1763.52 Billion |
Global Biotechnology Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 9% |
Market Split by Technology |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Biotechnology industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Biotechnology Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Biotechnology is a technology which uses living organisms, biological systems and parts of them to create or develop different products. The emergence of COVID-19, which has increased demand for vaccine development, has boosted the growth of the biotechnology market. Additionally, technological advancements also boost the growth of the market.
The major factor driving the Biotechnology market is the increase in the advanced technologies. The creation of new techniques and the use of these methods by organizations have a favourable effect on the biotech industry and are predicted to lead to significant growth in the market. Advanced medical technologies, like 3D bioprinting, are in use. Living cells are used in 3D bioprinting to create human body components like cartilage, skin, and heart valves. Using the bodily cells of patients, it offers a tremendous potential for creating medications as well as tissues and organs like the liver and heart. By offering precise study and analysis models, the ability to produce human cells and tissues will increase the number possibilities in medical research. Additionally, the rising use of bioethanol due to environmental concerns to reduce reliance on synthetic or petroleum-derived counterparts will drive the biotechnology market.
The high cost of manufacturing biotechnology reagents will restrain market expansion. In order to speed up the process, several market participants invest significantly in installing new, cutting-edge machinery, which increases the cost and has an impact on the market.
COVID-19 had adversely affected the Biotechnology market. This is attributed to the SARS-CoV-2 outbreak that has delayed the supply of raw materials, affected the supply and distribution network, and placed limits on the transportation of commodities, all of which have an effect on the development of the industry. Due to the availability of protection against the SARS-CoV-2 virus, investments in the biotech sector have increased significantly despite the pandemic. Since the start of the COVID-19 pandemic, for instance, there has been an increase in investor interest in biotechnology companies, with investments expected to reach more than USD 13 billion globally in 2020. It gave people the chance to pursue cutting-edge scientific endeavours, particularly in biotechnology.
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Amgen to Acquire Rodeo Therapeutics Corporation
Amgen Inc. and Rodeo Therapeutics Corporation (Rodeo) today announced an agreement under which Amgen will acquire Rodeo, a privately held biopharmaceutical company based in Seattle that develops small-molecule therapies designed to promote regeneration and repair of multiple tissues. Rodeo's 15-PGDH program is a strong strategic fit with Amgen's inflammation portfolio and efforts to develop first-in-class therapeutics for patients.
Thermo Fischer Scientific agreed to acquire PPD Inc
Thermo Fisher Scientific Inc, the world leader in serving science, and PPD, Inc a leading global provider of clinical research services to the pharma and biotech industry, today announced that their boards of directors have approved a definitive agreement under which Thermo Fisher will acquire PPD.
F. Hoffmann-La Roche Ltd. completed the acquisition of Inflazome
Inflammasome inhibitors are being developed by Inflazome, a biotechnology company based in Ireland.
Top Companies Market Share in Biotechnology Industry: (In no particular order of Rank)
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On the basis of regions, the Biotechnology market is segmented into North America, Europe, Asia Pacific, South America and Middle East and Africa. North America dominated the market. This is attributed to the inclusion of important competitors, strong R&D initiatives, and high healthcare expenses. Asia pacific has the highest growth rate during the forecasting period.
The current report Scope analyzes Biotechnology Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Biotechnology Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Biotechnology Industry growth. Biotechnology market has been segmented with the help of its Technology, Application , and others. Biotechnology market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
By technology the biotechnology market is segmented into Nano Biotechnology, PCR Technology, DNA Sequencing, Chromatography, Tissue Engineering And Regeneration, Cell-Based Assays, Fermentation. The nano-biotechnology segment has dominated the market over the forecasting period. This is attributed to investment in research and development (R&D) and growing demand for treatments for essential diseases. Additionally, the polymerase chain reaction (PCR) technology segment is the fastest growing segment in the biotechnology market. This is due to the increased desire for personalized and precision medicine, as well as technological developments and applications in drug development.
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By application, the biotechnology market is segmented into Bio-pharmacy, Bio-industrial, Bio-services, Bioinformatics And Bio-agriculture. Based on application the Bio-pharmacy segment dominated the market over the forecasting period. This is attributed to the increasing prevalence of diseases, rising demand for medicines and drugs. On the other hand, bio-agriculture is expected to grow at a rapid pace during the forecast period.
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Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Biotechnology Market is witnessing significant growth in the near future.
In 2023, the Nano Biotechnology segment accounted for noticeable share of global Biotechnology Market and is projected to experience significant growth in the near future.
The Bio-pharmacy segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies AstraZeneca , CELGENE CORPORATION and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Technology | Nano Biotechnology, PCR Technology, DNA Sequencing, Chromatography, Tissue Engineering And Regeneration, Cell-Based Assays, Fermentation |
Application | Bio-pharmacy, Bio-industrial, Bio-services, Bioinformatics, Bio-agriculture |
List of Competitors | AstraZeneca, Gilead Sciences Inc., CELGENE CORPORATION, Biogen, Abbott, Amgen Inc., Novo Nordisk A/S, Merck & Co., Johnson & Johnson Services Inc., Novartis AG, Sanofi, F. Hoffmann-La Roche Ltd., Pfizer Inc., and Lonza, others. |
This chapter will help you gain GLOBAL Market Analysis of Biotechnology. Further deep in this chapter, you will be able to review Global Biotechnology Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Technology Analysis 2019 -2031, will provide market size split by Technology. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Technology Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Biotechnology market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Nano Biotechnology have a significant impact on Biotechnology market? |
What are the key factors affecting the Nano Biotechnology and PCR Technology of Biotechnology Market? |
What is the CAGR/Growth Rate of Bio-pharmacy during the forecast period? |
By type, which segment accounted for largest share of the global Biotechnology Market? |
Which region is expected to dominate the global Biotechnology Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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