The latest report published by IMARC Group, titled “Biotechnology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global biotechnology market size reached US$ 617.98 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 964.96 Billion by 2027, exhibiting a CAGR of 7.50% during 2022-2027.
Industry Definition and Application:
Biotechnology involves utilizing biological processes and living organisms to modify various products and services for specific applications. It can be categorized into several types in terms of technology, including nanobiotechnology, tissue engineering and regeneration, DNA Sequencing, cell-based assays, fermentation, PCR technology, chromatography, etc. Biotechnology-based products and services prove effective in zero-waste bioprocessing, bioproduction of sustainable chemicals, producing genetically modified crops, etc. Consequently, they find widespread utilization across numerous sectors, such as healthcare, food and agriculture, natural resources and environment, industrial processing, bioinformatics, biofuels, and more.
Request a Free PDF Sample of the Report: https://www.imarcgroup.com/biotechnology-market/requestsample
Market Outlook:
The elevating food scarcity across countries, owing to the growing global population, is primarily driving the biotechnology market. Besides this, the increasing usage of sustainable manufacturing methods and the expanding integration of natural and biosciences in stem cell research and cloning techniques to replace defective cells and tissues in regenerative medicine are acting as significant growth-inducing factors.
Moreover, the escalating focus towards finding molecular root causes of diseases and the inflating investments in research and development (R&D) activities to enable the production of therapeutic proteins and ensure improvements in existing pharmaceuticals and monoclonal antibodies are also positively influencing the market growth. Additionally, the rising demand for biofuel across the globe is expected to propel the biotechnology market in the coming years.
Biotechnology Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the global biotechnology market has been studied in the report with the detailed profiles of the key players operating in the market.
Major Players Covered:
- Amgen Inc.(NASDAQ: AMGN)
- Biocon Limited
- Biogen Inc.(NASDAQ: BIIB)
- F. Hoffmann-La Roche AG
- Genmab A/S
- Lonza Group AG
- Novartis AG(NYSE: NVS)
- Novo Nordisk A/S
- Pfizer Inc.
- Regeneron Pharmaceuticals Inc.
- Seagen Inc.
- Syngenta AG
- Vertex Pharmaceuticals Incorporated.
Key Market Segmentation:
The report has segmented the global biotechnology market on the basis of product type, technology, application and region.
Breakup by Product Type:
- Instruments
- Reagents
- Software and Services
Breakup by Technology:
- Nanobiotechnology
- Tissue Engineering and Regeneration
- DNA Sequencing
- Cell-Based Assays
- Fermentation
- PCR Technology
- Chromatography
- Others
Breakup by Application:
- Healthcare
- Food and Agriculture
- Natural Resources and Environment
- Industrial Processing
- Bioinformatics
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=5785&flag=C
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Browse More Healthcare IT Industry Related Reports:
Rehabilitation Equipment Market Report: https://bit.ly/3de3uyh
Glycomics Market Report: https://bit.ly/3SBoxuE
Narcolepsy Drugs Market Report: https://bit.ly/3aQd2Pc
Syringes Market Report: https://bit.ly/3IMjO4Y
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
Email:Send Email
Phone: +1-631-791-1145
Address:134 N 4th St.
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com
