Biotechnology Market Size By Application (Biopharmacy, Bioservices, Bioagriculture, Bioindustries, Bioinformatics), By Technology (Fermentation, Tissue Engineering and Regeneration, PCR Technology, Nanobiotechnology, Chromatography, DNA Sequencing, Cell Based Assay), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, China, Japan, India, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, South Africa, UAE), Application Potential, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Nov 2019  |  Report ID: GMI784  |  Authors: Sumant Ugalmugale, Rupali Swain

Report Format: PDF   |   Pages: 160   |   Base Year: 2017




Summary Table of Contents Industry Coverage Methodology

Industry trends

Biotechnology Market size surpassed USD 417 billion in 2018 and is projected to achieve 8.3% CAGR up to 2025.
 

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Biotechnology is the area of biology that uses biological systems, living organisms, or derivatives thereof, to develop or modify products and processes for specific use. Biotechnology deploys biomolecular and cellular processes to develop products and technologies for improving the quality of human life. It has major applications in agriculture, medicine and food science among others. Advent of new technology in biotechnology field is revolutionizing the market over the recent years, and thus will lead to industry expansion during the forecast period.
 

The 1900s is reminisced by the industrial historians as ‘the Information Technology Era’ and the ‘Advanced Physics Era’, whereas, the 2000s might be manifested as the ‘Biotechnology Era’. This is due to rapid developments in biotechnology that are projected to entirely transform numerous aspects of life in imminent decades.  However, the field of biotechnology can trace its accurate birth back to the beginning of civilization, when the early man discovered ability to ferment grains to prepare alcoholic brews. In addition, utility of cross-pollinating harvests to produce novel hybrid strains marks the most primitive form of genetic engineering. The late 19th century was recognized to be revolutionary in biology. Some of the significant advances throughout this period include:
 

  • Structures for exploratory fermentation and other microbial progresses were recognized by Pasteur, Joseph and Lister Robert Koch
     
  • Micro-organisms were discovered
     
  • Gregor Mendel's effort on genetics
     

In the modern period, scientists had access to almost all rudimentary tools for their applications. Mainstream of basic ideas was expounded through these tools, that accelerated the track to imperative scientific discoveries. These discoveries and studies have infinite applications and implications in the market space. Biotechnology has both destructive and beneficial potential. Opting it for humanity is expected to bring major advances and drive the market growth over the coming years.
 

Biotechnology Market Report Coverage
Report Coverage Details
Base Year: 2017 Market Size in 2017: 399.4 Billion (USD)
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Forecast Period 2019 to 2025 CAGR: 9.9% 2025 Value Projection: 775 Billion (USD)
Pages: 160 Tables, Charts & Figures: 146
Geographies covered (18): U.S, Canada, Germany, UK, France, Italy, Spain, Russia, Japan, China, India, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, South Africa, UAE
Segments covered: Application, Technology and Region
Companies covered (12): Abbott Laboratories, Agilent Technologies, Amgen, Biogen Scientific, Bio-Rad Laboratories, Danaher, F. Hoffmann-La Roche, Illumina, Merck, PerkinElmer, Qiagen and Thermo Fisher Scientific
Growth Drivers:
  • Presence of favorable government initiatives in developed countries
  • Innovative technologies
  • Rising demand for agriculture-based products
  • Growing incidence of chronic ailments worldwide
Pitfalls & Challenges:
  • Risk associated to genetic data

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Large patient pool worldwide to foster the market demand for biopharmaceuticals

Growing incidence of chronic ailments such as diabetes and cancer worldwide will primarily upsurge the market demand for biotechnology products over the forecast timeframe. According to the International Diabetes Federation, in 2017, diabetes affected more than 425 billion individuals worldwide and the number is estimated to exceed 625 billion people by 2045. Thus, increasing prevalence of such chronic diseases, owing to various factors including lifestyle changes, stress and unhealthy dietary patterns, will drive the demand for effective drugs and vaccines, thus boosting the industry progress over the forecast period.
 

Moreover, wide-ranging applications of biotechnology, improving healthcare access in remote areas, unmet medical needs in certain geographies and growing R&D investment in the field are some of the other factors that will spur the market revenue. Furthermore, rising demand for bio-based agricultural products and growing adoption of biotechnology practices in clinical research will accelerate the market expansion. However, risks associated with genetic information may hinder industry growth to certain extent in the coming years.
 

Biotechnology breakthroughs in medicine to drive the biopharmacy business growth

Global Biotechnology Market Forecasts, By Application, 2018 (USD Million)
Global Biotechnology Market Forecasts, By Application, 2018 (USD Million)

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Biotechnology has application in biopharmacy, bioservices, bioagriculture, bioindustries and bioinformatics. Biopharmacy segment dominated the overall biotechnology market demand, accounting for more than 50% market share in 2018. Increasing usage of bio-recombinant proteins in several vaccines used to treat chronic and infectious diseases is anticipated to foster the biopharmacy market growth. Moreover, focus of biopharma companies on advancement of personalized medicines will boost the market progress. Rapidly ageing population base, prone to various chronic ailments due to structural and functional changes in the body will further escalate the product demand in the global market.
 

Advances in tissue engineering and regeneration technologies to pave the way for biotechnology industry demand

Tissue engineering and regeneration segment was valued around USD 75 billion in 2018 and is projected to show similar trend during the forecast period. Surge in demand for tissue engineering and regeneration technology is attributed to increasing prevalence of chronic diseases and rising cases of organ failures. Adoption of this technology to create new tissues and organs and promote the regeneration of diseased or damaged tissues and organs will serve to be a major market impact rendering factor in the segment growth. Widespread applications of tissue engineering and regeneration technology in the field of life science, forensic science and clinical research is expected to foster market growth during the analysis timeframe.
 

Biotechnology to become one of the major sectors of strategic importance in China

Asia Pacific Biotechnology Market share, By Country, 2018 & 2025 (USD Million)
Asia Pacific Biotechnology Market share, By Country, 2018 & 2025 (USD Million)  

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Asia Pacific biotechnology market outlook is anticipated to show around 9% CAGR over the forecast period. Large patient pool in highly populated countries including India and China, prone to various diseases will act as a primary market driver for the regional business growth. Moreover, widespread adoption of biotechnology in agriculture and industrial applications will eventually favour the market progression.
 

China biotechnology industry share is projected to exceed USD 60 billion by 2025 owing to rising incidence of chronic diseases in the country. Focus of China on creating innovation-fostering regulatory environment to address the shortage of essential drugs will prove beneficial for the market development. Various healthcare reforms in China and investments in biotechnology will further upsurge the industry expansion.
 

Biotechnology to provide ample growth opportunities to the industry players worldwide 

Few of the notable market players operating in biotechnology market include Abbott Laboratories, Agilent Technologies, Amgen, Bio-Rad Laboratories, Danaher, F. Hoffmann-La Roche, Illumina, Merck, PerkinElmer, Qiagen and Thermo Fisher Scientific. These industry players implement strategic market initiatives such as mergers, new product launches and acquisitions to uphold their position in the market and strengthen their product offerings. 
 

Some of the recent industry developments:

  • In May 2018, Illumina announced acquisition of Edico Genome, a provider of data analysis speeding up solutions for next-generation sequencing (NGS). This acquisition enabled company to reduce the result time as well as data footprint.
     
  • In March 2018, Danaher Corporation entered final agreement to acquire Integrated DNA Technologies, Inc. (IDT). IDT is a privately held provider of consumables used for genomics applications in qPCR, gene editing, molecular diagnostics, molecular biology, synthetic biology and next generation sequencing. This acquisition helped company to broaden its existing product portfolio and garner more revenue
     

The biotechnology market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2014 to 2025, for the following segments:

By Application

  • Biopharmacy
  • Bioservices
  • Bioagriculture
  • Bioindustries
  • Bioinformatics

By Technology

  • Fermentation
  • Tissue engineering and regeneration
  • PCR technology
  • Nanobiotechnology
  • Chromatography
  • DNA sequencing
  • Cell based assay
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East Asia & Africa
    • Saudi Arabia
    • South Africa
    • UAE
       

Frequently Asked Questions (FAQ) :

Biotechnology is the area of biology that uses biological systems, living organisms, or derivatives thereof, to develop or modify products and processes for specific use. Biotechnology deploys biomolecular and cellular processes to develop products and technologies for improving the quality of human life.
Biopharmacy, Bioservices, Bioagriculture, Bioindustries and Bioinformatics are the major industry applications.
Innovations in the biotechnology sector and growing demand for advanced bio-based solutions will foster the global market growth.
Asia Pacific market size for biotechnology will achieve over 9% CAGR from 2019 to 2025, according to a new report published by Global Market Insights, Inc.

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