Biotechnology Industry Size, Share, Development, Growth, Key Players and Demand Forecast to 2025
According to a new report published by Reports Monitor titled, “Biotechnology Market by Applications, by Technology: Global Opportunity Analysis and Industry Forecast, 2018–2025,” the Biotechnology Market was valued at XX million in 2016 and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025. North America and Europe due to well-developed healthcare infrastructure and growing research and need for healthy and modified products are leading the global market.
Presence of a surplus of companies focusing on the increase of regenerative therapies is estimated to drive sector growth. Technological advancements concerning to the penetration of artificial intelligence (AI) in this industry is projected to fuel growth. The major firms are engaged in unleashing technologies such as machine learning in order to understand separate cancer cases, while recommending clinical trials. Other factors such as supportive government policies related to synthetic biology are a key growth driver in this sector. Developed economies such as the U.S. and the UK are critically nursing and funding synthetic biology R&D initiatives.
Nanobiotechnology is the most rising application segment which finds its major application in drug transfer therapies for prolonged disorders such as cancer. It includes the development of nanoparticle based cancer therapy drugs, quantum and gold nanoparticles, dots for molecular diagnosis and nanobiosensors which help in optical imaging and drug delivery. Growing research and development carried out in various players in discovering new paths such as microfabricated devices and syste, used in the treatment of several serious ailments is a key driving aspect of this market.
The global biotechnology market report consists of various tools and techniques including, porters, value chain, market share analysis, and others. The data used in this report is gathered from extensive primary and secondary sources. This report gives the overall idea of market trends, opportunities, restraints, challenges, and others. The report includes major players along with their development strategies such as expansion, acquisition, merger, and others.
On the basis of segmentation, the global biotechnology market is segmented into application, and technology. By application, the market has been segmented as food and agriculture, healthcare, natural resources and environment, industrial processing, bioinformatics and others. Further based on technology the market has been segmented as DNA sequencing, tissue engineering and regeneration, Nano biotechnology, fermentation, PCR technology, chromatography market, cell based assay and others. Increasing use of Nano biotechnology in various fields is the major reason for the growth of the market.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• Who are the major key players in global biotechnology market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: F. Hoffmann-La Roche Ltd, Merck KGaA, Johnson & Johnson Services, Inc., Pfizer, and SanofiAtlanta Biologicals Inc., Tissue Culture Biologicals, HiMedia Laboratories, Bovogen Biologicals Pty Ltd., TCS Biosciences Ltd., Rocky Mountain Biologicals, GE Healthcare, and PAN-Biotech.
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