Biotechnology market to gain traction by 2025
Category: #business  By Ronak Bora  Date: 2021-03-23
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Biotechnology market to gain traction by 2025

Biotechnology Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Over the past few years, biotechnology has significantly improved the lives of individuals across the globe. It plays a pivotal role in the development of novel treatments for treating several chronic diseases. Moreover, technologies like fermentation and tissue engineering, recombinant technology and DNA sequencing have revolutionized several sectors.

By acknowledging its enormous potential, several government organizations like the National Center for Biotechnology Information and National Institute of Biomedical Imaging & Bioengineering in developed nations are actively involved in research & development activities in the field of biotechnology.

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These trends could significantly accelerate the biotechnology market growth over the forecast period. As a matter of fact, GMI, suggests that the global biotechnology market could surpass USD 729 billion by 2025.

Notably, Agilent Technologies, Merck, F. Hoffmann-La Roche, Amgen, Abbott Laboratories, Bio-Rad Laboratories, Danaher, Thermo Fisher Scientific, PerkinElmer, BioGen Medical Instruments, Illumina, and Qiagen are the key industry players currently leading the biotechnology industry.

These companies are leveraging organic and inorganic growth strategies to stay ahead in the competition. Taking Oct. 2018 for instance, Bio-Rad received the U.S. FDA sanction for IH-Reader 24, a semi-automated and specific blood typing instrument. With this, the company has enhanced its existing product portfolio.

Biotechnology plays a pivotal role in developing innovative treatments for treating numerous diseases. Unhealthy lifestyle habits like alcohol and tobacco consumption are one of the major reasons for the surge in the prevalence of chronic diseases.

Numerous authorities and expert groups are actively focusing on research and development activities to come up with novel methods to treat neurological diseases and cancer. Increasing prevalence of chronic diseases like heart disease, stroke, asthma, hypertension and chronic respiratory diseases worldwide have propelled the growth trajectory of biotechnology market. 

Biotechnology is increasingly being used in the food and beverage industry. Fermentation helps with the preservation of food products and prolongs their shelf life. The process produces chemical changes in organic substrates through the action of enzymes and uses microorganisms as raw materials in fermenters and bioreactors. This results in increased shelf life of the consumable items.

Moreover, key industry participants are focusing on research and development activities for the production of fermented products. As per reports, in 2018, the fermentation segment captured more than 11% revenue share of the biotechnology market. Meanwhile, the food and beverage industry is anticipated to generate lucrative opportunities for the biotechnology market.

Europe is expected to offer commendable growth opportunities to the biotechnology market. In 2018, the Europe biotechnology market was accounted for over USD 115 billion. The trend of leveraging advanced technologies to alter the genome of animals and plants is expected to foster regional market share. Whereas surging awareness regarding innovative applications of biotechnology along with favorable regulatory scenarios in Europe would accelerate the biotechnology industry outlook. 

Browse full table of contents (TOC) of this report @  https://www.decresearch.com/toc/detail/biotechnology-market

Partial Chapter of the Table of Content 

Chapter 4.  Biotechnology Market, By Application

4.1. Key segment trends

4.2. Biopharmacy 

4.2.1.  Market size, by region, 2014-2025 (USD Billion)

4.3. Bioservices

4.3.1.  Market size, by region, 2014-2025 (USD Billion)

4.4. Bioagriculture

4.4.1.  Market size, by region, 2014-2025 (USD Billion)

4.5. Bioindustries

4.5.1.  Market size, by region, 2014-2025 (USD Billion)

4.6. Bioinformatics

4.6.1.  Market size, by region, 2014-2025 (USD Billion)

Chapter 5.  Biotechnology Market, By Technology

5.1. Key segment trends

5.2. Fermentation 

5.2.1.  Market size, by region, 2014-2025 (USD Billion)

5.3. Tissue engineering and regeneration

5.3.1.  Market size, by region, 2014-2025 (USD Billion)

5.4. PCR technology

5.4.1.  Market size, by region, 2014-2025 (USD Billion)

5.5. Nanobiotechnology

5.5.1.  Market size, by region, 2014-2025 (USD Billion)

5.6. Chromatography

5.6.1.  Market size, by region, 2014-2025 (USD Billion)

5.7. DNA sequencing

5.7.1.  Market size, by region, 2014-2025 (USD Billion)

5.8. Cell based assay

5.8.1.  Market size, by region, 2014-2025 (USD Billion)

5.9. Others

5.9.1.  Market size, by region, 2014-2025 (USD Billion)

About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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