Biotechnology Market Trends, Industry News, Forecast Research Report, 2024

March 15 07:32 2017

U.S. biotechnology market size held dominant position in terms of industry revenue share followed by Europe with this trend likely to continue throughout the forecast period.
Biotechnology Market Size By Technology (Fermentation, Tissue Engineering and Regeneration, PCR Technology, Nanobiotechnology, Chromatograpgy, DNA Sequencing, Cell Based Assay), By Application (Biopharmacy, Bioservices, Bioagriculture, Bioindustrial), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, China, India, Japan, South Korea, Brazil, Saudi Arabia), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024

Global biotechnology market is expected to experience high growth prospects with the escalating occurrence of chronic ailments, encouraging more research in the field of DNA sequencing, fermentation, recombinant technology, chromatography, PCR technology, nanobiotechnology, and tissue engineering & regeneration. Today, scientists are using yet another new technology referred as CRISPR genome editing to eliminate HIV.

Furthermore, they are carrying out extensive research on stem cells and exploring best possible ways of cancer cure. As per Global Market Insights Inc. report, “Biotechnology market size is expected to surpass USD 775 billion by 2024.“. Growing food concerns owing to the rising population, scarcity of land, irregular rainfall, and insect attacks have forced the governments to produce genetically modified crops, thereby complementing the industry growth.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/784

Tissue engineering market revenue, which was estimated at USD 5 billion in 2015, is expected is expected to observe a high surge over the coming years, and this in turn will stimulate the growth of biotechnology industry in the near future.  Moreover, Nanobiotechnology is also expected to witness a lucrative growth over the coming years, assisted by new innovations taking place in forensic science and forensic diagnostics. Cell based assays will also contribute considerably towards biotechnology market share over the period of 2016-2024, owing to its wide use in microfluid and cell testing technologies.

Biotechnology industry is experiencing a high growth across Bioservices, Bioindustrial, Biopharmacy, and Bioagriculture sectors. Biopharmacy sector, which led the biotechnology business space in 2015, is expected to contribute substantially towards the industry growth over the next seven years. High demand for personalized drugs, supportive government policies, and rise in the number of patients suffering from acute ailments across the globe are expected to be the key growth drivers. Biotechnology market revenue across the bioservices sector is expected to witness a noticeable growth over the coming timeframe, driven by rise in the number of clinical research activities/trials carried out by biotechnology & pharmaceutical firms.

North America biotechnology industry size estimated over USD 137.4 billion in 2015, is projected to experience a high surge over the next few years, driven by high R&D investments coupled with growing awareness about its applications in various sectors. U.S. is anticipated to drive the regional growth.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/784

Favorable government legislations related to healthcare along with growing public awareness about the significant benefits of biotechnological applications are expected to drive Europe biotechnology market value over the coming years.

APAC biotechnology market will exhibit a lucrative growth over the coming timeframe, driven by largest old population base, enhanced healthcare amenities, high disposable incomes, and high government support promoting intensive research in biotechnology. India and China are expected to be the key regional revenue contributors.

LATAM biotechnology industry is expected to witness a significant growth over the coming years. Mexico and Brazil are expected to contribute significantly towards the regional share.

Market players will try to increase their profit margins through strategic alliances, R&D investments, and technological innovations. Key industry players include Celgene, Johnson & Johnson, Novartis International AG, GlaxoSmithKline plc, AstaZeneca plc, Sanofi S.A., Abbott Laboratories, Biogen Inc., Amgen Inc., F. Hoffmann-La Roche AG, Lonza Group, Genentech Inc., and Pfizer Inc.

Browse key industry insights spread across 75 pages with 52 market data tables & 7 figures & charts from the report Biotechnology Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/biotechnology-market

Global Market Insights has segmented the biotechnology market on the basis of product, application and region:

  • Global Biotechnology Market Technology Analysis (Revenue, USD billion; 2012 – 2024)
  • Fermentation
  • Tissue Engineering and Regeneration
  • PCR technology
  • Nano biotechnology
  • Chromatography market
  • DNA sequencing
  • Cell based assay
  • Global Biotechnology Market Application Analysis (Revenue, USD billion; 2012 – 2024)
  • Biopharmaceutical
  • Bioservice
  • Bioagriculture
  • Bioindustrial
  • Global Biotechnology Market Regional Analysis (Revenue, USD billion; 2012 – 2024)
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
  • MEA
    • Saudi Arabia

 

Browse Related Reports:

  • Gene Editing Market Size By Technology (CRISPR/Cas9, Zinc Finger Nucleases (ZFNs), Meganucleases, TALENS), By Application (Hematology, Infectious Disease, Oncology, Muscular Disorders), By End User (Biotech and Pharma, CRO, Research Institutes), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Spain, Russia, Poland, China, Japan, India, Australia, Malaysia, Mexico, Brazil, Argentina, South Africa, Saudi Arabia, Israel), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024

        https://www.gminsights.com/industry-analysis/gene-editing-market

 

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Media Contact
Company Name: Global Market Insights Inc.
Contact Person: Arun Hegde
Email: Send Email
Phone: 1 302-846-7766
Address:29L Atlantic Avenue, Suite L 105
City: Ocean View
State: Delaware
Country: United States
Website: https://gminsights.wordpress.com/2017/02/07/biotechnology-market/

  Categories: