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PUBLISHER: IMARC | PRODUCT CODE: 1291451
PUBLISHER: IMARC | PRODUCT CODE: 1291451
Biotechnology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Market Overview:
The global biotechnology market size reached US$ 665.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,033.6 Billion by 2028, exhibiting a growth rate (CAGR) of 7.4% during 2023-2028.
Biotechnology is the deliberate genetic manipulation technology that uses biological processes and living organisms to develop products for specific applications, such as genetically modified food products. It involves the manufacturing of therapeutic proteins and various medications through genetic engineering. It helps improve the nutritional content of different food and prevent health problems. It allows medical researchers to research more about cancer and genetic disorders and offers medical advancement opportunities. Besides this, biotechnology is used in the agriculture industry to enhance pest resistance, grow genetically modified plants, enhance crop herbicide tolerance, and facilitate sustainable farming. At present, it finds extensive applications in chemical manufacturing, wastewater treatment, and minimizing the harmful emissions of industrial processes.
Biotechnology Market Trends:
The growing global population is leading to increasing food scarcity, which, in turn, is catalyzing the demand for biotechnology to improve crop production. In addition, the rising prevalence of chronic medical ailments and the growing need for personalized medications are positively influencing the market. Biotechnology is employed in the healthcare sector in stem cell research and cloning techniques to replace damaged cells and tissues in regenerative medicine. Additionally, the increasing number of orphan drug formulations are expanding biotechnology applications and offering lucrative growth opportunities to emerging biotechnology companies. Furthermore, various initiatives are being undertaken by governments of several countries to improvise the medication regulatory policies, standardize clinical studies, and improve reimbursement policies. This, in turn, is encouraging industry investors and offers a favorable market outlook. Moreover, increasing investments in research and development (R&D) activities in the field of biotechnology to understand molecular root causes of diseases and provide adequate medication and treatment are expected to propel market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global biotechnology market report, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on product type, technology, and application.
Breakup by Product Type:
- Instruments
- Reagents
- Software and Services
Based on product type, the market has been segregated into instruments, reagents, and software and services.
Breakup by Technology:
- Nanobiotechnology
- Tissue Engineering and Regeneration
- DNA Sequencing
- Cell-Based Assays
- Fermentation
- PCR Technology
- Chromatography
- Others
Based on technology, the market has been segmented into nanobiotechnology, tissue engineering and regeneration, DNA sequencing, cell-based assays, fermentation, PCR technology, chromatography, and others
Breakup by Application:
- Healthcare
- Food and Agriculture
- Natural Resources and Environment
- Industrial Processing
- Bioinformatics
- Others
Biotechnology is used in the healthcare industry due to the rising prevalence of various chronic ailments and the rising need for diagnostic tests, therapies, and medications.
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
North America exhibits a clear dominance in the market on account of the existence of various key players and rising expenditure on research and development (R&D) activities in the region.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Amgen Inc., Biocon Limited, Biogen Inc., F. Hoffmann-La Roche AG, Genmab A/S, Lonza Group AG, Novartis AG, Novo Nordisk A/S, Pfizer Inc., Regeneron Pharmaceuticals Inc., Seagen Inc., Syngenta AG and Vertex Pharmaceuticals Incorporated.
Key Questions Answered in This Report:
- How has the global biotechnology market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global biotechnology market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global biotechnology market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A5785
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Biotechnology Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product Type
- 6.1 Instruments
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Reagents
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Software and Services
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Technology
- 7.1 Nanobiotechnology
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Tissue Engineering and Regeneration
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 DNA Sequencing
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Cell-Based Assays
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Fermentation
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 PCR Technology
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
- 7.7 Chromatography
- 7.7.1 Market Trends
- 7.7.2 Market Forecast
- 7.8 Others
- 7.8.1 Market Trends
- 7.8.2 Market Forecast
8 Market Breakup by Application
- 8.1 Healthcare
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Food and Agriculture
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Natural Resources and Environment
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Industrial Processing
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Bioinformatics
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Amgen Inc.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.2 Biocon Limited
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Biogen Inc.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 F. Hoffmann-La Roche AG
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.5 Genmab A/S
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Lonza Group AG
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Novartis AG
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Novo Nordisk A/S
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Pfizer Inc.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Regeneron Pharmaceuticals Inc.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Seagen Inc.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 Syngenta AG
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 SWOT Analysis
- 14.3.13 Vertex Pharmaceuticals Incorporated
- 14.3.13.1 Company Overview
- 14.3.13.2 Product Portfolio
- 14.3.13.3 Financials
- 14.3.13.4 SWOT Analysis
- 14.3.1 Amgen Inc.
Product Code: SR112023A5785
List of Figures
- Figure 1: Global: Biotechnology Market: Major Drivers and Challenges
- Figure 2: Global: Biotechnology Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Biotechnology Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Biotechnology Market: Breakup by Product Type (in %), 2022
- Figure 5: Global: Biotechnology Market: Breakup by Technology (in %), 2022
- Figure 6: Global: Biotechnology Market: Breakup by Application (in %), 2022
- Figure 7: Global: Biotechnology Market: Breakup by Region (in %), 2022
- Figure 8: Global: Biotechnology (Instruments) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Biotechnology (Instruments) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Biotechnology (Reagents) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Biotechnology (Reagents) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Biotechnology (Software and Services) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Biotechnology (Software and Services) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Biotechnology (Nanobiotechnology) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Biotechnology (Nanobiotechnology) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Biotechnology (Tissue Engineering and Regeneration) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Biotechnology (Tissue Engineering and Regeneration) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Biotechnology (DNA Sequencing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Biotechnology (DNA Sequencing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Biotechnology (Cell-Based Assays) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Biotechnology (Cell-Based Assays) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Biotechnology (Fermentation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Biotechnology (Fermentation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Biotechnology (PCR Technology) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Biotechnology (PCR Technology) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Biotechnology (Chromatography) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Biotechnology (Chromatography) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Biotechnology (Other Technologies) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Biotechnology (Other Technologies) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Biotechnology (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Biotechnology (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Biotechnology (Food and Agriculture) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Biotechnology (Food and Agriculture) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Global: Biotechnology (Natural Resources and Environment) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Global: Biotechnology (Natural Resources and Environment) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Global: Biotechnology (Industrial Processing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Global: Biotechnology (Industrial Processing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Global: Biotechnology (Bioinformatics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Global: Biotechnology (Bioinformatics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Global: Biotechnology (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Global: Biotechnology (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: North America: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: North America: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: United States: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: United States: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Canada: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Canada: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Asia-Pacific: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Asia-Pacific: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: China: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: China: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Japan: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Japan: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: India: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: India: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: South Korea: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: South Korea: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Australia: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Australia: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Indonesia: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Indonesia: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Others: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Others: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Europe: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Europe: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Germany: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Germany: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: France: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: France: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: United Kingdom: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: United Kingdom: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Italy: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Italy: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Spain: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Spain: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Russia: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Russia: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Others: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Others: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Latin America: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Latin America: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 82: Brazil: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 83: Brazil: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 84: Mexico: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 85: Mexico: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 86: Others: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 87: Others: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 88: Middle East and Africa: Biotechnology Market: Sales Value (in Million US$), 2017 & 2022
- Figure 89: Middle East and Africa: Biotechnology Market: Breakup by Country (in %), 2022
- Figure 90: Middle East and Africa: Biotechnology Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 91: Global: Biotechnology Industry: SWOT Analysis
- Figure 92: Global: Biotechnology Industry: Value Chain Analysis
- Figure 93: Global: Biotechnology Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Biotechnology Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Biotechnology Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 3: Global: Biotechnology Market Forecast: Breakup by Technology (in Million US$), 2023-2028
- Table 4: Global: Biotechnology Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Biotechnology Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Biotechnology Market: Competitive Structure
- Table 7: Global: Biotechnology Market: Key Players
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