Product Code: 978-1-68038-134-4
Biotechnology Market Growth & Trends:
The global biotechnology market size is expected to reach USD 3,879.51 billion by 2030, registering a CAGR of 13.9% over the forecast period, according to a new report by Grand View Research, Inc. The market is driven by factors including the advent of innovative and advanced technologies, significant investments & government initiatives favoring the biotechnology industry, and rising demand for synthetic biology applications. Biotechnology startups are acquiring robust funding support and venture capital investments, which, in 2021, amounted to USD 41 billion; an increase of over 11% as compared to the previous year's USD 36.7 billion. Notable funding rounds included Caris Life Sciences' $830 million in May 2021 for its precision medicine platform expansion, Abogen's $700 million Series C funding in August 2021 for its COVID-19 vaccine candidate's clinical development, & ElevateBio's $525 million Series C funding in March 2021 for advancing its cell & gene therapy technologies.
In addition, 28 new biotech unicorns were created in 2021, leading to a total of 192 unicorns present in the sector. Government support for the development of biotechnological infrastructure is also contributing to market growth. For instance, India's Union Budget 2021-22 consisted of a provision of USD 227.94 million for biotechnology R&D, along with plans for the setting up of nine biosafety level-3 laboratories in the country. Furthermore, initiatives, such as Illumina Accelerator, are providing access to seed investment, genomics expertise, and Illumina sequencing systems & reagents to selected emerging companies and propelling the market growth.
Due to the COVID-19 pandemic, novel solutions are being explored in the development of vaccines & diagnostic tools for combating the disease. For instance, the advent of mRNA vaccines was supported by cutting-edge technologies in the biotechnology sector, including molecular research tools & genetic sequencing methods that accelerated the timelines for vaccine development. Furthermore, in March 2022, the Diagnostic Analyzer for Specific Hybridization (DASH), a highly sensitive and easy-to-perform PCR test for COVID-19, received FDA emergency use authorization. The test is commercialized by Minute Molecular Diagnostics and can deliver results within 15 minutes. Such advancements in molecular diagnostics are expected to fuel market growth.
Biotechnology Market Report Highlights:
- The health application segment accounted for the largest share in 2021 due to high disease prevalence, increasing focus on regenerative medicines, innovations in technologies fueled by the COVID-19 pandemic, and improvements in healthcare infrastructure
- The DNA sequencing technology segment accounted for the second-largest share in 2021 as a result of declining costs of sequencing and its increasing adoption in precision medicine development
- North America held the largest share of the global market in 2021 owing to the launch of advanced biotechnological solutions facilitated by key players operating in the region
- Asia Pacific is expected to register the fastest CAGR from 2022 to 2030 due to promising government initiatives and favorable regulatory changes in drug approval processes in India and China
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Research Assumptions
- 1.2 Research Methodology
- 1.3 Information Procurement
- 1.4 Information or Data Analysis
- 1.5 Market Formulation and Validation
- 1.6 Global Market: CAGR Calculation
- 1.7 Objectives
- 1.7.1 Objective 1
- 1.7.2 Objective 2
- 1.8 Revenue Modeling: Post-COVID-19 Market Scenario
- 1.8.1 Present market dynamics assessment: Company evaluation
- 1.8.2 Market dynamics assessment: future projections
- 1.8.3 Top 20 operational entities: Company revenue & market value analysis
- 1.8.3.1 Part A
- 1.8.3.2 Part B
- 1.8.3.3 Part C
Chapter 2 Executive Summary
Chapter 3 Market Variables, Trends, and Scope
- 3.1 Market Trends and Outlook
- 3.2 Market Segmentation and Scope
- 3.3 Market Dynamics
- 3.3.1 Market driver analysis
- 3.3.1.1 Presence of favorable government initiatives
- 3.3.1.2 Rising demand for agro-based products
- 3.3.1.3 Growing demand for synthetic biology
- 3.3.1.4 Declining prices of DNA sequencing
- 3.3.1.5 Growing healthcare expenditure boosting development of effective personalized diagnostic & therapeutic procedures for cancer
- 3.3.2 Market restraint analysis
- 3.3.2.1 Ethical & legal limitations
- 3.3.2.2 Risks associated with GM organisms and crops
- 3.3.2.3 Challenges associated with NGS implementation
- 3.4 Penetration and Growth Prospect Mapping for Technology, 2021
- 3.5 Market Share Analysis, 2021
- 3.6 Business Environment Analysis
- 3.6.1 SWOT Analysis; By factor (Political & Legal, Economic and Technological)
- 3.6.2 Porter's Five Forces Analysis
Chapter 4 Biotechnology Categorization: Application Estimates & Trend Analysis
- 4.1 Biotechnology Market: Application Movement Analysis
- 4.2 Health
- 4.2.1 Pre-COVID Segment Scenario
- 4.2.2 Post-COVID Segment Scenario
- 4.2.3 Global health Biotechnology market, 2018 - 2030 (USD Billion)
- 4.3 Food & Agriculture
- 4.3.1 Pre-COVID Segment Scenario
- 4.3.2 Post-COVID Segment Scenario
- 4.3.3 Global Food & Agriculture Biotechnology market, 2018 - 2030 (USD Billion)
- 4.4 Natural Resources & Environment
- 4.4.1 Pre-COVID Segment Scenario
- 4.4.2 Post-COVID Segment Scenario
- 4.4.3 Global Natural resources & environment Biotechnology market, 2018 - 2030 (USD Billion)
- 4.5 Industrial Processing
- 4.5.1 Pre-COVID Segment Scenario
- 4.5.2 Post-COVID Segment Scenario
- 4.5.3 Global Industrial processing Biotechnology market, 2018 - 2030 (USD Billion)
- 4.6 Bioinformatics
- 4.6.1 Pre-COVID Segment Scenario
- 4.6.2 Post-COVID Segment Scenario
- 4.6.3 Global Bioinformatics Biotechnology market, 2018 - 2030 (USD Billion)
- 4.7 Other Applications
- 4.7.1 Global Biotechnology market for applications, 2018 - 2030 (USD Billion)
Chapter 5 Biotechnology Market Categorization: Technology Estimates & Trend Analysis
- 5.1 Biotechnology Market: Technology Movement Analysis
- 5.2 DNA Sequencing
- 5.2.1 Pre-COVID Segment Scenario
- 5.2.2 Post-COVID Segment Scenario
- 5.2.3 Global Biotechnology market for DNA Sequencing, 2018 - 2030 (USD Billion)
- 5.3 Nanobiotechnology
- 5.3.1 Pre-COVID Segment Scenario
- 5.3.2 Post-COVID Segment Scenario
- 5.3.3 Global Biotechnology market for Nanobiotechnology, 2018 - 2030 (USD Billion)
- 5.4 Tissue Engineering & Regeneration
- 5.4.1 Pre-COVID Segment Scenario
- 5.4.2 Post-COVID Segment Scenario
- 5.4.3 Global Biotechnology market for Tissue engineering and regeneration, 2018 - 2030 (USD Billion)
- 5.5 Fermentation
- 5.5.1 Pre-COVID Segment Scenario
- 5.5.2 Post-COVID Segment Scenario
- 5.5.3 Biopharmaceutical Manufacturing
- 5.5.4 Biopharmaceutical & Biotechnology Research
- 5.5.5 Others
- 5.5.6 Global Biotechnology market for Fermentation, 2018 - 2030 (USD Billion)
- 5.6 Cell-based Assays
- 5.6.1 Pre-COVID Segment Scenario
- 5.6.2 Post-COVID Segment Scenario
- 5.6.3 Global Biotechnology market for Cell-based assays, 2018 - 2030 (USD Billion)
- 5.7 PCR Technology
- 5.7.1 Pre-COVID Segment Scenario
- 5.7.2 Post-COVID Segment Scenario
- 5.7.3 Global Biotechnology market for PCR technology, 2018 - 2030 (USD Billion)
- 5.8 Chromatography
- 5.8.1 Pre-COVID Segment Scenario
- 5.8.2 Post-COVID Segment Scenario
- 5.8.3 Global Biotechnology market for Chromatography, 2018 - 2030 (USD Billion)
- 5.9 Other Technologies
- 5.9.1 Pre-COVID Segment Scenario
- 5.9.2 Post-COVID Segment Scenario
- 5.9.3 Global Biotechnology market for Other technologies, 2018 - 2030 (USD Billion)
Chapter 6 Biotechnology Market Categorization: Regional Estimates & Trend Analysis, by Application & Technology
- 6.1 Biotechnology Share by Regional, 2021 & 2030
- 6.2 North America
- 6.3 Europe
- 6.3.2 U.K.
- 6.3.3 France
- 6.3.4 Italy
- 6.3.5 Spain
- 6.4 Asia-Pacific
- 6.4.1 Japan
- 6.4.2 China
- 6.4.3 India
- 6.4.4 South Korea
- 6.4.5 Australia
- 6.5 Latin America
- 6.5.1 Brazil
- 6.5.2 Mexico
- 6.6 Middle East and Africa (MEA)
- 6.6.1 South Africa
- 6.6.2 Saudi Arabia
Chapter 7 Competitive Landscape
- 7.1 Strategy Framework
- 7.2 Company Profiles
- 7.2.1 AstraZeneca
- 7.2.1.1 Company Overview
- 7.2.1.2 Financial Performance
- 7.2.1.3 Product Benchmarking
- 7.2.1.4 Strategic Initiatives
- 7.2.2 Gilead Sciences Inc.
- 7.2.2.1 Company Overview
- 7.2.2.2 Financial Performance
- 7.2.2.3 Product Benchmarking
- 7.2.2.4 Strategic Initiatives
- 7.2.3 Bristol-Myers Squibb
- 7.2.3.1 Company Overview
- 7.2.3.1.1 Celgene Corporation
- 7.2.3.2 Financial Performance
- 7.2.3.3 Product Benchmarking
- 7.2.3.4 Strategic Initiatives
- 7.2.4 Biogen
- 7.2.4.1 Company Overview
- 7.2.4.2 Financial Performance
- 7.2.4.3 Product Benchmarking
- 7.2.4.4 Strategic Initiatives
- 7.2.5 Abbott Laboratories
- 7.2.5.1 Company Overview
- 7.2.5.2 Financial Performance
- 7.2.5.3 Product Benchmarking
- 7.2.5.4 Strategic Initiatives
- 7.2.6 Amgen Inc.
- 7.2.6.1 Company Overview
- 7.2.6.2 Financial Performance
- 7.2.6.3 Product Benchmarking
- 7.2.6.4 Strategic Initiatives
- 7.2.7 Novo Nordisk A/S
- 7.2.7.1 Company Overview
- 7.2.7.2 Financial Performance
- 7.2.7.3 Product Benchmarking
- 7.2.7.4 Strategic Initiatives
- 7.2.8 Merck KGaA
- 7.2.8.1 Company Overview
- 7.2.8.2 Financial Performance
- 7.2.8.3 Product Benchmarking
- 7.2.8.4 Strategic Initiatives
- 7.2.9 Johnson & Johnson Services
- 7.2.9.1 Company Overview
- 7.2.9.2 Financial Performance
- 7.2.9.3 Product Benchmarking
- 7.2.9.4 Strategic Initiatives
- 7.2.10 Novartis AG
- 7.2.10.1 Company Overview
- 7.2.10.2 Financial Performance
- 7.2.10.3 Product Benchmarking
- 7.2.10.4 Strategic Initiatives
- 7.2.11 Sanofi
- 7.2.11.1 Company overview
- 7.2.11.1.1 Genzyme
- 7.2.11.2 Financial Performance
- 7.2.11.3 Product Benchmarking
- 7.2.11.4 Strategic Initiatives
- 7.2.12 F. Hoffmann-La Roche Ltd.
- 7.2.12.1 Company Overview
- 7.2.12.2 Financial Performance
- 7.2.12.3 Product Benchmarking
- 7.2.12.4 Strategic Initiatives
- 7.2.13 Pfizer Inc.
- 7.2.13.1 Company overview
- 7.2.13.2 Financial Performance
- 7.2.13.3 Product Benchmarking
- 7.2.13.4 Strategic Initiatives
- 7.2.14 Lonza
- 7.2.14.1 Company Overview
- 7.2.14.2 Financial Performance
- 7.2.14.3 Product Benchmarking
- 7.2.14.4 Strategic Initiatives