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Global Biotechnology Market to reach USD XX billion by the end of 2030.

Global Biotechnology Market Size study & Forecast, by Technology (Nanobiotechnology, Tissue Engineering and Regeneration, DNA Sequencing, Cell-based Assays, Chromatography, Others), by Application (Health, Food & Agriculture, Natural Resources & Environment, Industrial Processing, Bioinformatics, Others), and Regional Analysis, 2023-2030

Product Code: HLSB-69514549
Publish Date: 27-06-2023
Page: 200

Global Biotechnology Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Biotechnology is the use of biological processes, organisms, cells, and molecules to develop new technologies, products, and services for a variety of fields including medicine, agriculture, environmental science, and industry. It involves applying scientific principles and techniques to manipulate and modify living organisms at the genetic level for practical purposes. Biotechnology encompasses a wide range of techniques and applications such as genetic engineering, fermentation, cell culture, bioinformatics, and bioprocessing. These techniques have enabled the development of new products such as biopharmaceuticals, biofuels, and genetically modified crops, and have also contributed to advances in healthcare, environmental conservation, and industrial production. The Biotechnology market is expanding because of factors such as rising demand for agro-based products, growing healthcare expenditure boosting the development of effective personalized diagnostic & therapeutic procedures for cancer and growing demand for synthetic biology.

The market is fueled by the robust clinical trial pipeline and financing prospects for tissue engineering and regeneration technologies. According to the Alliance for Regenerative Medicine, companies developing cell and gene therapies raised over USD 23.1 billion in funding globally in 2021, up about 16% from the USD 19.9 billion total year 2020. Furthermore, the market is experiencing growth due to the rising need for clinical solutions for the treatment of chronic diseases such as cancer, age-related macular degeneration, diabetes, and practically all types of arthritis. The treatment of diabetes, neurological disorders including Parkinson’s and Alzheimer’s, different types of cancer, and cardiovascular ailments are all being researched and developed by major companies. For instance, according to clinicaltrials.gov, 28 medicines were in phase III trials for the treatment of Alzheimer’s disease as of January 2021, out of 126 compounds now being tested in clinical trials. In addition, increase adoption of bioinformatics applications and rising development of favorable government reimbursement and approval policies are creating lucrative opportunities to the market. However, the high cost of drug research and development activities stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Biotechnology Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the dominance of key market players, the rising number of drug discovery activities, and rising healthcare expenditure. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as the rising prevalence of various diseases, an increase in the number of collaborations for product development, geographic expansion of key players, and active participation of government in the market space.

Major market player included in this report are:
AstraZeneca Plc
Gilead Sciences, Inc.
Bristol-Myers Squibb Company
Sanofi S.A
Biogen Inc
Abbott Laboratories
Pfizer, Inc.
Amgen, Inc.
Novo Nordisk A/S
Merck KGaA

Recent Developments in the Market:
Ø In January 2023, Anima Biotech teamed with AbbVie to accelerate the development of novel mRNA biology modulators for the treatment of several cancer and immunology targets.
Ø In January 2020, QIAGEN N.V. and Amgen collaborated to identify patients with malignancies that had the KRAS G12C mutation to create tissue-based companion diagnostics for Amgen’s experimental cancer drug AMG 510.

Global Biotechnology Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Technology, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Technology offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:
Tissue Engineering and Regeneration
DNA Sequencing
Cell-based Assays

By Application:
Food & Agriculture
Natural Resources & Environment
Industrial Processing

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Biotechnology Market, by Region, 2020-2030 (USD Billion)
1.2.2. Biotechnology Market, by Technology, 2020-2030 (USD Billion)
1.2.3. Biotechnology Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Biotechnology Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Biotechnology Market Dynamics
3.1. Biotechnology Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising Demand For Agro-Based Products Growing Healthcare Expenditure Boosting Development Of Effective Personalized Diagnostic & Therapeutic Procedures For Cancer Growing Demand For Synthetic Biology
3.1.2. Market Challenges High Cost of drug research and development activities
3.1.3. Market Opportunities Increase penetration of bioinformatics applications Favourable government reimbursement and approval policies
Chapter 4. Global Biotechnology Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Biotechnology Market, by Technology
5.1. Market Snapshot
5.2. Global Biotechnology Market by Technology, Performance – Potential Analysis
5.3. Global Biotechnology Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
5.4. Biotechnology Market, Sub Segment Analysis
5.4.1. Nanobiotechnology
5.4.2. Tissue Engineering and Regeneration
5.4.3. DNA Sequencing
5.4.4. Cell-based Assays
5.4.5. Chromatography
5.4.6. Others
Chapter 6. Global Biotechnology Market, by Application
6.1. Market Snapshot
6.2. Global Biotechnology Market by Application, Performance – Potential Analysis
6.3. Global Biotechnology Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Biotechnology Market, Sub Segment Analysis
6.4.1. Health
6.4.2. Food & Agriculture
6.4.3. Natural Resources & Environment
6.4.4. Industrial Processing
6.4.5. Bioinformatics
6.4.6. Others
Chapter 7. Global Biotechnology Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Biotechnology Market, Regional Market Snapshot
7.4. North America Biotechnology Market
7.4.1. U.S. Biotechnology Market Technology breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Biotechnology Market
7.5. Europe Biotechnology Market Snapshot
7.5.1. U.K. Biotechnology Market
7.5.2. Germany Biotechnology Market
7.5.3. France Biotechnology Market
7.5.4. Spain Biotechnology Market
7.5.5. Italy Biotechnology Market
7.5.6. Rest of Europe Biotechnology Market
7.6. Asia-Pacific Biotechnology Market Snapshot
7.6.1. China Biotechnology Market
7.6.2. India Biotechnology Market
7.6.3. Japan Biotechnology Market
7.6.4. Australia Biotechnology Market
7.6.5. South Korea Biotechnology Market
7.6.6. Rest of Asia Pacific Biotechnology Market
7.7. Latin America Biotechnology Market Snapshot
7.7.1. Brazil Biotechnology Market
7.7.2. Mexico Biotechnology Market
7.8. Middle East & Africa Biotechnology Market
7.8.1. Saudi Arabia Biotechnology Market
7.8.2. South Africa Biotechnology Market
7.8.3. Rest of Middle East & Africa Biotechnology Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. AstraZeneca Plc Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Gilead Sciences, Inc.
8.3.3. Bristol-Myers Squibb Company
8.3.4. Sanofi S.A
8.3.5. Biogen Inc
8.3.6. Abbott Laboratories
8.3.7. Pfizer, Inc.
8.3.8. Amgen, Inc.
8.3.9. Novo Nordisk A/S
8.3.10. Merck KGaA
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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