Global Analysis and Forecasts by Technology (DNA Sequencing, Fermentation, Cell Based Assay, Nanobiotechnology, Chromatography, PCR Technology, Tissue Engineering & Regeneration and Other Technologies), Application (Industrial Processing, Bioinformatics, Food & Agriculture, Health, Natural Resources & Environment and Other Applications) and Geography
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 Million in 2017 and is estimated to reach US$ 471,336.4 Million by 2025.
Market Overview: 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.
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.
The biotechnology market was estimated through extensive primary and secondary sources that included a vast array of government authorized websites such as Biological Sciences Research Council (BBSRC), Biological and Environmental Research (BER), National Center for Biotechnology Information (NCBI), Non-Governmental Organization (NGO), Council of Scientific and Industrial Research (CSIR), National Science Foundation (NSF) and others. The primary respondents included chair-holders and representatives of the demand and supply side for healthcare industries as well as medical professionals at various biotechnology companies and research centers.
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The biotechnology market segment by technology into DNA sequencing, fermentation, cell based assay, nanotechnology, chromatography, PCR technology, tissue engineering & regeneration and other technologies. The biotechnology by type, the dominance of DNA sequencing segment attributes to basic and applied research studies and its applications. The technique helps to target the specific gene that can be used to design the drugs for the specific genetic diseases. Moreover, the DNA sequencing is used for the genetic testing for the paternity and other family relationship. Many companies such as Thermo Fisher Scientific Inc., Merck KGaA and Illumina, Inc. offer various kits and reagents for the DNA sequencing technique. Thus, the advantages offered by DNA sequencing and their use in the above mentioned applications are expected to robust the growth of the segment in the forecast period.
The rising future conferences and workshops is also anticipated to propel the growth of the biotechnology market in the forecast period. The conferences is the excellent opportunity for the envoys from institutes and universities to interact with the world-class scientists, researchers to discuss the major topics related to current scenario of biotechnology including pharmaceutical biotechnology in healthcare, industrial and microbial biotechnology, food biotechnology, agriculture biotechnology, plant biotechnology, animal biotechnology, environmental biotechnology and nanobiotechnology including their applications. For instance, in October 2018, Conference Series LLC Ltd announce to organize the 21st Euro Biotechnology Conferences in Moscow, Russia to focus on to provide an international forum for the distribution of research, new ideas and practical development to the researchers, professors and business giants across the globe
Source: The Insight Partners Analysis
The report segments the global biotechnology market as follows:
Global Biotechnology Market – By Technology
- DNA Sequencing
- Cell Based Assay
- PCR Technology
- Tissue Engineering and Regeneration
· Global Biotechnology Market – By Application
- Industrial/Bio Processing
- Food & Agriculture
- Natural Resource & Environment
· Global Biotechnology Market – By Geography
- North America
· Asia Pacific (APAC)
· Middle East & Africa (MEA)
- South Africa
· South & Central America (SCAM)
List of Companies-
- Novartis AG
- Johnson & Johnson Services, Inc.
- Novo Nordisk A/S
- Amgen Inc.
- CELGENE CORPORATION
- Bio-Technology General (Israel) Ltd.
- Abcam plc.
- Curis, Inc.
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