Biotechnology Market Share, Analysis, Competitive Strategies and Forecasts to 2024

This Global Biotechnology market report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.

Delaware, Selbyville - October 22, 2019 /MarketersMedia/ —

China biotechnology market was valued at USD 29.7 billion in 2017 and is estimated to experience considerable growth due to rising incidence of chronic diseases in the country. As per Cancer Statistics in China, 2015 report estimation; there were 4,292,000 new cancer cases in China. Moreover, high unmet needs and insufficient healthcare access are factors boosting demand for biotechnology thereby, fostering business growth.

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Rapid population growth has hampered various naturally available non-renewable resources. Scientists are therefore, focusing on development of products including bio enzymes and biofuel that will drive biotechnology market growth. Moreover, R&D expenditure by research institutes and biopharmaceutical industry players for drug and vaccine development is also a contributing factor for business growth. Furthermore, organizations including National Biotechnology Board (NTBT) and Department of Biotechnology (DBT) provide funding to promote biotechnology industry growth.

Biotechnology Market will exceed USD 775 billion by 2024. Rising prevalence of chronic diseases coupled with increasing fundings to support R&D and product development initiatives in biotechnology field will drive industry growth in upcoming years. In addition, escalating disease prevalence results in increasing demand for innovative technologies including DNA sequencing, recombinant technology, fermentation, tissue engineering for diagnosis and treatment of these disorders thereby, fostering business growth.

DNA sequencing segment will witness 13.7% CAGR by 2024. The segmental growth is attributed to increasing adoption of DNA sequencing techniques in medical research for detection of genes associated with some hereditary disorders. Furthermore, rising focus of researchers and manufacturers for increasing R&D initiatives targeted at understanding genetic variations and developing therapeutic solutions for chronic diseases will favor segmental growth during projected timeframe.

Bioservices segment was valued at USD 88.8 billion in 2017 and is projected to grow significantly over the forecast timeframe. Bioservices segment will show substantial growth during forecast timeframe due to increasing clinical research initiatives by various biotechnology and pharmaceutical industries. Moreover, growing prevalence of chronic diseases, rising demand for personalized medicines and increased government fundings are major impact rendering factors on segmental growth.

U.S. biotechnology market in 2017 accounted for 72.0% revenue share of North America region owing to increasing adoption of innovative technologies and presence of favorable government initiatives. Furthermore, advanced healthcare infrastructure and rising R&D spending should further spur revenue size. As per World Bank Data 2015, the R&D expenditure of the country was 2.79% of GDP, that is comparatively higher than other countries that should drive biotechnology market.

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Some of the prominent business players operating in biotechnology market includes Abbott Laboratories, Agilent Technologies, Amgen, BioGen Medical Instruments, Bio-Rad Laboratories, Danaher, F. Hoffmann-La Roche, Illumina, Merck, PerkinElmer, Qiagen and Thermo Fisher Scientific. Industry competitors are mainly focusing on inorganic strategies such as partnership, merger and acquisitions to escalate their market position as well as strengthen product offerings.

Table of Content:

Chapter 1. Methodology

1.1. Methodology

1.2. Market definitions

1.3. Forecast parameters

1.4. Data sources

1.4.1. Secondary

1.4.1.1. Paid sources

1.4.1.2. Unpaid sources

1.4.2. Primary

Chapter 2. Executive Summary

2.1. Biotechnology industry 360 degree synopsis, 2013 - 2024

2.1.1. Business trends

2.1.2. Application trends

2.1.3. Technology trends

2.1.4. Regional trends

Chapter 3. Biotechnology Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024

3.3. Industry impact forces

3.4. Growth potential analysis

3.4.1. By application

3.4.2. By technology

3.5. Porter's analysis

3.6. Competitive landscape, 2017

3.6.1. Strategy dashboard

3.7. PESTEL analysis

Chapter 4. Biotechnology Market, By Application

4.1. Key segment trends

4.2. Biopharmacy

4.2.1. Market size, by region, 2013-2024 (USD Billion)

4.3. Bioservices

4.3.1. Market size, by region, 2013-2024 (USD Billion)

4.4. Bioagriculture

4.4.1. Market size, by region, 2013-2024 (USD Billion)

4.5. Bioindustrial

4.5.1. Market size, by region, 2013-2024 (USD Billion)

4.6. Bioinformatics

4.6.1. Market size, by region, 2013-2024 (USD Billion)

Chapter 5. Biotechnology Market, By Technology

5.1. Key segment trends

5.2. Fermentation

5.2.1. Market size, by region, 2013-2024 (USD Billion)

5.3. Tissue engineering and regeneration

5.3.1. Market size, by region, 2013-2024 (USD Billion)

5.4. PCR technology

5.4.1. Market size, by region, 2013-2024 (USD Billion)

5.5. Nanobiotechnology

5.5.1. Market size, by region, 2013-2024 (USD Billion)

5.6. Chromatography

5.6.1. Market size, by region, 2013-2024 (USD Billion)

5.7. DNA sequencing

5.7.1. Market size, by region, 2013-2024 (USD Billion)

5.8. Cell based assay

5.8.1. Market size, by region, 2013-2024 (USD Billion)

5.9. Others

5.9.1. Market size, by region, 2013-2024 (USD Billion)

Chapter 6. Biotechnology Market, By Region

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