Biotechnology is a science-driven industry sector that uses living organisms and molecular biology to produce healthcare-related products. Biotechnology is best known for its role in medicine and pharmaceuticals, but the science is also applied in other areas such as genomics, food production, and the production of biofuels.
The increasing demand for modern and innovative technologies such as DNA sequencing, recombinant technology, fermentation, tissue engineering is primarily boosting the growth of the global Biotechnology market. In addition, the growing demand for food to meet the need of the ever-increasing population and scarce availability of non-renewable natural resources further escalate the growth of the Biotechnology market. The application of Genetic engineering and Genetic Modification (GM) processes to agricultural food products is also projected to drive the growth of the market. Moreover, the development of novel techniques and their implementation by the organization will propel the growth of the Biotechnology Market.
Furthermore, the growing demand for therapeutic and diagnostic solutions on principles of red biotechnology, DNA sequencing, and recombinant technology is projected to boost the growth of the global Biotechnology market in the next few years. In addition to this, the rising incidence of diseases such as hepatitis B, cancer, and other orphan disorders is also anticipated to fuel demand in the coming years. Additionally, reducing the prices of DNA sequencing technologies will encourage R&D activities to better understand genetic variations and develop therapeutic solutions.
Covid-19 Impact on Biotechnology Market
In addition, the current Biotechnology Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Biotechnology Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Biotechnology Market Segment Overview
Based on Technology, the DNA Sequencing segment held the largest share of the global Biotechnology market in 2020. The strong growth of this segment can be attributed to the rising adoption of advanced DNA sequencing. For instance, in April 2020, the Baylor College of Medicine Human Genome Sequencing Center (BCM-HGSC) received a grant from the National Institutes of Health for Pacific Biosciences Sequel II DNA sequencing instrument. It will help in improving sequencing efficiency and capacity. Moreover, the Health application segment held the maximum share of the market in 2020 and it is projected to continue this lead over the forecast period. The growth of this segment can be mainly attributed to the growing incidence of diseases. Additionally, rising focus on agri-biotech and providing bio-services, increasing adoption of bioinformatics solutions, and flourishing bio-industrial sector are majorly contributing to the growth of this segment.
Biotechnology Market, By Technology
· Nanobiotechnology
· Tissue Engineering and Regeneration
· DNA Sequencing
· Cell-based Assays
· Fermentation
· PCR Technology
· Chromatography
· Others
Biotechnology Market, By Application
· Health
· Food & Agriculture
· Natural Resources & Environment
· Industrial Processing
· Bioinformatics
· Others
Biotechnology Market Regional Overview
Region-wise, North America accounts for a major share in the Biotechnology market. The growth of the regional market can be attributed to the presence of key players, widespread R&D activities, and high healthcare expenditure. Also, expanding pool of companies operating in the region is receiving drug approvals, which further contribute to the market growth progressively. On the other hand, Asia Pacific is likely to exhibit a strong CAGR throughout the forecast period. Important factors such as developing healthcare infrastructure, favorable government policies, clinical trial services, and epidemiological factors are significantly propelling the growth of the market in this region.
Biotechnology Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Biotechnology Market, Key Players
· AstraZeneca
· Gilead Sciences, Inc.
· CELGENE CORPORATION
· Biogen
· Abbott
· Amgen Inc.
· Novo Nordisk A/S
· Merck & Co.
· Johnson & Johnson Services, Inc.
· Novartis AG
· Sanofi
· F. Hoffmann-La Roche Ltd.
· Pfizer, Inc.
· Lonza
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Biotechnology Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Technology
- 5.2.1. Nanobiotechnology
- 5.2.2. Tissue Engineering and Regeneration
- 5.2.3. DNA Sequencing
- 5.2.4. Cell-based Assays
- 5.2.5. Fermentation
- 5.2.6. PCR Technology
- 5.2.7. Chromatography
- 5.2.8. Others
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Health
- 5.3.2. Food & Agriculture
- 5.3.3. Natural Resources & Environment
- 5.3.4. Industrial Processing
- 5.3.5. Bioinformatics
- 5.3.6. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Biotechnology Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Technology
- 6.2.1. Nanobiotechnology
- 6.2.2. Tissue Engineering and Regeneration
- 6.2.3. DNA Sequencing
- 6.2.4. Cell-based Assays
- 6.2.5. Fermentation
- 6.2.6. PCR Technology
- 6.2.7. Chromatography
- 6.2.8. Others
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Health
- 6.3.2. Food & Agriculture
- 6.3.3. Natural Resources & Environment
- 6.3.4. Industrial Processing
- 6.3.5. Bioinformatics
- 6.3.6. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Biotechnology Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Technology
- 7.2.1. Nanobiotechnology
- 7.2.2. Tissue Engineering and Regeneration
- 7.2.3. DNA Sequencing
- 7.2.4. Cell-based Assays
- 7.2.5. Fermentation
- 7.2.6. PCR Technology
- 7.2.7. Chromatography
- 7.2.8. Others
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Health
- 7.3.2. Food & Agriculture
- 7.3.3. Natural Resources & Environment
- 7.3.4. Industrial Processing
- 7.3.5. Bioinformatics
- 7.3.6. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Biotechnology Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Technology
- 8.2.1. Nanobiotechnology
- 8.2.2. Tissue Engineering and Regeneration
- 8.2.3. DNA Sequencing
- 8.2.4. Cell-based Assays
- 8.2.5. Fermentation
- 8.2.6. PCR Technology
- 8.2.7. Chromatography
- 8.2.8. Others
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Health
- 8.3.2. Food & Agriculture
- 8.3.3. Natural Resources & Environment
- 8.3.4. Industrial Processing
- 8.3.5. Bioinformatics
- 8.3.6. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Biotechnology Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Technology
- 9.2.1. Nanobiotechnology
- 9.2.2. Tissue Engineering and Regeneration
- 9.2.3. DNA Sequencing
- 9.2.4. Cell-based Assays
- 9.2.5. Fermentation
- 9.2.6. PCR Technology
- 9.2.7. Chromatography
- 9.2.8. Others
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Health
- 9.3.2. Food & Agriculture
- 9.3.3. Natural Resources & Environment
- 9.3.4. Industrial Processing
- 9.3.5. Bioinformatics
- 9.3.6. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. AstraZeneca
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Gilead Sciences, Inc.
- 10.6. CELGENE CORPORATION
- 10.7. Biogen
- 10.8. Abbott
- 10.9. Amgen Inc.
- 10.10. Novo Nordisk A/S
- 10.11. Merck & Co.
- 10.12. Johnson & Johnson Services, Inc.
- 10.13. Novartis AG
- 10.14. Sanofi
- 10.15. F. Hoffmann-La Roche Ltd.
- 10.16. Pfizer, Inc.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
