Biotechnology Market worth US 471336.4 Million Dollar and Grow with CAGR of 10.5% by 2025 Studied in New Research Profiling Thermo Fisher Scientific Inc., Merck KGaA, PerkinElmer Inc., Agilent Technologies Inc.
The biotechnology market is aimed to describe, define and estimate the forecast for market size of the biotechnology till 2025. The report strategically analyzes macro and micro-markets to entail the major factors impacting the growth of the global biotechnology market. The market report for biotechnology is appropriate to cater the needs and demands of various stakeholders that include pharmaceutical, biotechnology and medical companies in the form of research services.
North America is expected to be the dominant region in the global biotechnology market. This dominance is primarily driven by rising demand for innovative products from biopharmaceutical and biotechnology companies, significant presence of key market players and extensive R&D activities conducted by various academic and research institutes in the region.
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The global biotechnology market estimated to grow at a CAGR of 10.5% during the forecast period from 2018 to 2025. The market for biotechnology was valued at USD 218,012.1 Mn in 2017 and is estimated to reach US$ 471,336.4 Mn by 2025.
Leading Companies Involved:
Thermo Fisher Scientific Inc., Merck KGaA, PerkinElmer, Inc., Agilent Technologies, Inc., F. Hoffmann-La Roche Ltd., Danaher, QIAGEN, BD, Bio-Rad Laboratories, Inc., Illumina, Inc. and among others.
The global biotechnology market is highly competitive and driven by large number of novel product launches and approvals. For instance, in April 2017, Illumina, Inc. introduced BaseSpace Informatics Suite, used to accelerate genomic data analysis for sequence lab.
What the research report offers:
- A comprehensive list of key market players operating in the global Biotechnology market.
- Analysis of the different market segments such as type, size, applications, and end-users.
- It offers a descriptive analysis of demand-supply chaining in the global Biotechnology market.
- Statistical analysis of some significant economics facts Figures, charts, graphs, pictures to describe the market clearly.
- Market definition of the global Biotechnology market along with the analysis of different influencing factors like drivers, restraints, and opportunities.
- Extensive research on the competitive landscape of global Biotechnology market.
- Identification and analysis of micro and macro factors that are and will effect on the growth of the market.
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The global biotechnology market is segmented on the basis of technology and application and geography. On the basis of technology, the biotechnology market is segmented into DNA sequencing, fermentation, cell based assay, nanobiotechnology, chromatography, PCR technology, tissue engineering and regeneration and others. On the basis of application, the biotechnology market is segmented into industrial/bio processing, bioinformatics, food & agriculture, health, natural resource & environment and others.
Additionally, increasing focus on advanced method incorporation in healthcare, growing government and private initiatives for promotion of precision medicine and massive funds from government and private bodies for genomic research is also expected to propel the growth for the North America market. On the other hand, Asia Pacific is expected to witness significant growth in the biotechnology market owing to factors such as availability of highly skilled, efficient & large number of human resources, and streamlining government policies resulting in high investments for biotechnology sector in the region.
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Reason to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Biotechnology Market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Biotechnology, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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