Biotechnology Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Biotechnology Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : March, 2020 | Biotechnology | PPT format

Report Digest


Global Biotechnology Market: Overview

The global biotechnology market is mainly driven by the surge in the demand for food, depleting natural resources, government regulatory support, and technological advancements of various solutions to counter fatal diseases. The advent of stem cell technology, nanotechnology, and cloning has also propelled this market substantially and is expected to continue aiding to this market in the years to come. However, the dearth of awareness among consumers regarding biotech products and the long duration between research and commercial production of these products may act as a restraint to this market over the next few years. Apart from this, the market will also face challenges from the ethical and social issues with clinical trials in the near future.

Biotechnology finds extensive application in several industries, such as agriculture, pharmaceuticals, downstream chemical processing, and bioservices. The pharmaceuticals industry has emerged as the main application area of biotechnology with biopharmacy surfacing as the leading segment of the global biotechnology market. The industrial application of biotechnology is also on the horizon with the rising demand for biofuels and bioenzymes in a number of applications. The agriculture sector is anticipated to primarily apply biotechnology for the genetic modification of crops and the production of bioseeds over the forthcoming years.

Biotechnology is the employment of organisms and living systems in order to develop products or a technological application that further uses derivatives, living organisms, and biological systems thereof, in order to create or modify processes or products for specific use. Relying on the applications and tools, it at times overlays with related fields such as molecular engineering, biomanufacturing, biomedical engineering, and bioengineering. Biotechnology draws from cellular and biomolecular processes in order to formulate several products ranging from industrial enzymes to drugs. The application of biotechnology is also rising in the agricultural sector in order to protect the crops against insects and pests. 

The existence of government organizations such as the Department of Biotechnology (DBT) and many other government funded institutions such as National Biotechnology Board (NBTB) and several other independent institutions working in the field of biotechnology are boosting in funds in order to support initiatives related to product development and research and development regarding advanced in biotechnology. These factors are expected to bring in more funds for biotechnology research.  

Global Biotechnology Market: Trends and Opportunities 

Growing demand for new technologies such as tissue engineering, fermentation, recombinant technology, and DNA sequencing is expected to magnify the size of the biotechnology industry. Rising demand for food for meeting the unmet needs of the incessantly growing population across the globe and low availability of natural resources that are non-renewable is expected to fuel the growth of the global biotechnology market. Genetic modification and genetic engineering has applications in agricultural food items and is thus is likely to stimulate the adoption of biotechnology further. Moreover, declining prices of technologies related to DNA sequencing is anticipated to trigger the commencement of research and development activities in order to understand genetic variations better and developing therapeutic solutions.

However, the growth of the global biotechnology market is likely to be hampered by due to the high risks associated with genetically modified crops and organisms and also due to ethical issues regarding clinical trials. Lack of understanding of biosystems creates difficulties in predicting the nature of the artificial organisms made from biotechnology experiments. However, the sector can expect more funds owing to the growing need for understanding chronic diseases at a molecular level and conduct novel diagnostic and therapeutic procedures. 

Global Biotechnology Market: Market Potential 

In April 2016, BASF SE commenced a new research and development center at the Crop Protection division headquarter in Limburgerhof, Germany in order to achieve biological crop protection and seed solutions. In June 2016, BASF signed an agreement in order to acquire Chemetall, a developer and producer of treatment and system solutions for surface treatment.  The acquisition is expected to advance the technologies of BASF SE. Another major merger occurred of DuPont with the Dow Chemical Company in order to diversify to diversify its seed and crop protection portfolio. 

Global Biotechnology Market: Regional Outlook 

North America and Europe are expected to emerge prominent in the global biotechnology market. This progress can be attributed to the rising initiatives in terms of research and development by prime industry players and growing awareness among private and public research institutions. Even the market in Asia Pacific is likely to exhibit lucrative growth opportunities in the coming years owing to favorable regulatory scenarios. 

Global Biotechnology Market: Vendor Landscape 

Leading players in the market are adopting strategies in terms of acquisitions and mergers and strategic collaborations in order to maintain a strong hold in the market. Some of the leading players in the market are Sanofi, Lonza, Novartis, F. Hoffman La Roche, Genentech, GlaxoSmithKline, Pfizer, Johnson & Johnson, Genzyme, Celgene, Biogen, AstaZeneca, Amgen, and Abbott.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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