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Biotechnology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global biotechnology market size reached US$ 617.98 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 964.96 Billion by 2027, exhibiting a CAGR of 7.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Biotechnology is the deliberate genetic manipulation technology that uses biological processes and living organisms to develop products for specific applications, such as genetically modified food products. It involves the manufacturing of therapeutic proteins and various medications through genetic engineering. It helps improve the nutritional content of different food and prevent health problems. It allows medical researchers to research more about cancer and genetic disorders and offers medical advancement opportunities. Besides this, biotechnology is used in the agriculture industry to enhance pest resistance, grow genetically modified plants, enhance crop herbicide tolerance, and facilitate sustainable farming. At present, it finds extensive applications in chemical manufacturing, wastewater treatment, and minimizing the harmful emissions of industrial processes.

Biotechnology Market Trends:

The growing global population is leading to increasing food scarcity, which, in turn, is catalyzing the demand for biotechnology to improve crop production. In addition, the rising prevalence of chronic medical ailments and the growing need for personalized medications are positively influencing the market. Biotechnology is employed in the healthcare sector in stem cell research and cloning techniques to replace damaged cells and tissues in regenerative medicine. Additionally, the increasing number of orphan drug formulations are expanding biotechnology applications and offering lucrative growth opportunities to emerging biotechnology companies. Furthermore, various initiatives are being undertaken by governments of several countries to improvise the medication regulatory policies, standardize clinical studies, and improve reimbursement policies. This, in turn, is encouraging industry investors and offers a favorable market outlook. Moreover, increasing investments in research and development (R&D) activities in the field of biotechnology to understand molecular root causes of diseases and provide adequate medication and treatment are expected to propel market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global biotechnology market, along with forecasts at the global, regional, and country-level from 2022-2027. Our report has categorized the market based on product type, technology, and application.

Breakup by Product Type:

  • Instruments
  • Reagents
  • Software and Services

Based on product type, the market has been segregated into instruments, reagents, and software and services.

Breakup by Technology:

  • Nanobiotechnology
  • Tissue Engineering and Regeneration
  • DNA Sequencing
  • Cell-Based Assays
  • Fermentation
  • PCR Technology
  • Chromatography
  • Others

Based on technology, the market has been segmented into nanobiotechnology, tissue engineering and regeneration, DNA sequencing, cell-based assays, fermentation, PCR technology, chromatography, and others

Breakup by Application:

  • Healthcare
  • Food and Agriculture
  • Natural Resources and Environment
  • Industrial Processing
  • Bioinformatics
  • Others

Biotechnology is used in the healthcare industry due to the rising prevalence of various chronic ailments and the rising need for diagnostic tests, therapies, and medications.

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

North America exhibits a clear dominance in the market on account of the existence of various key players and rising expenditure on research and development (R&D) activities in the region.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Amgen Inc., Biocon Limited, Biogen Inc., F. Hoffmann-La Roche AG, Genmab A/S, Lonza Group AG, Novartis AG, Novo Nordisk A/S, Pfizer Inc., Regeneron Pharmaceuticals Inc., Seagen Inc., Syngenta AG and Vertex Pharmaceuticals Incorporated.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product Type, Technology, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Amgen Inc., Biocon Limited, Biogen Inc., F. Hoffmann-La Roche AG, Genmab A/S, Lonza Group AG, Novartis AG, Novo Nordisk A/S, Pfizer Inc., Regeneron Pharmaceuticals Inc., Seagen Inc., Syngenta AG and Vertex Pharmaceuticals Incorporated
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global biotechnology market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global biotechnology market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global biotechnology market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Biotechnology Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product Type
    6.1    Instruments
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Reagents
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Software and Services
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Technology
    7.1    Nanobiotechnology
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Tissue Engineering and Regeneration
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    DNA Sequencing
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Cell-Based Assays
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Fermentation
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    PCR Technology
        7.6.1 Market Trends
        7.6.2 Market Forecast
    7.7    Chromatography
        7.7.1 Market Trends
        7.7.2 Market Forecast
    7.8    Others
        7.8.1 Market Trends
        7.8.2 Market Forecast
8    Market Breakup by Application
    8.1    Healthcare
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Food and Agriculture
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Natural Resources and Environment
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Industrial Processing
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Bioinformatics
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Others
        8.6.1 Market Trends
        8.6.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Amgen Inc.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
        14.3.2    Biocon Limited
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    Biogen Inc.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    F. Hoffmann-La Roche AG
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
        14.3.5    Genmab A/S
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    Lonza Group AG
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Novartis AG
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    Novo Nordisk A/S
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Pfizer Inc.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    Regeneron Pharmaceuticals Inc.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis
        14.3.11    Seagen Inc.
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis
        14.3.12    Syngenta AG
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 SWOT Analysis
        14.3.13    Vertex Pharmaceuticals Incorporated
           14.3.13.1 Company Overview
           14.3.13.2 Product Portfolio
           14.3.13.3 Financials
           14.3.13.4 SWOT Analysis

List of Figures

Figure 1: Global: Biotechnology Market: Major Drivers and Challenges
Figure 2: Global: Biotechnology Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Biotechnology Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Biotechnology Market: Breakup by Product Type (in %), 2021
Figure 5: Global: Biotechnology Market: Breakup by Technology (in %), 2021
Figure 6: Global: Biotechnology Market: Breakup by Application (in %), 2021
Figure 7: Global: Biotechnology Market: Breakup by Region (in %), 2021
Figure 8: Global: Biotechnology (Instruments) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Biotechnology (Instruments) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Biotechnology (Reagents) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Biotechnology (Reagents) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Biotechnology (Software and Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Biotechnology (Software and Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Biotechnology (Nanobiotechnology) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Biotechnology (Nanobiotechnology) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Biotechnology (Tissue Engineering and Regeneration) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Biotechnology (Tissue Engineering and Regeneration) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Biotechnology (DNA Sequencing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Biotechnology (DNA Sequencing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Biotechnology (Cell-Based Assays) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Biotechnology (Cell-Based Assays) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Biotechnology (Fermentation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Biotechnology (Fermentation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Biotechnology (PCR Technology) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Biotechnology (PCR Technology) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Biotechnology (Chromatography) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Biotechnology (Chromatography) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Biotechnology (Other Technologies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Biotechnology (Other Technologies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Biotechnology (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Biotechnology (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Biotechnology (Food and Agriculture) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Biotechnology (Food and Agriculture) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Biotechnology (Natural Resources and Environment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Biotechnology (Natural Resources and Environment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Biotechnology (Industrial Processing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Biotechnology (Industrial Processing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Biotechnology (Bioinformatics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Biotechnology (Bioinformatics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Biotechnology (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Biotechnology (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: North America: Biotechnology Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: North America: Biotechnology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: United States: Biotechnology Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: United States: Biotechnology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Canada: Biotechnology Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Canada: Biotechnology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Asia-Pacific: Biotechnology Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Asia-Pacific: Biotechnology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: China: Biotechnology Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: China: Biotechnology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Japan: Biotechnology Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Japan: Biotechnology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: India: Biotechnology Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: India: Biotechnology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: South Korea: Biotechnology Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: South Korea: Biotechnology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Australia: Biotechnology Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Australia: Biotechnology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Indonesia: Biotechnology Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Indonesia: Biotechnology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Others: Biotechnology Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Others: Biotechnology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Europe: Biotechnology Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Europe: Biotechnology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Germany: Biotechnology Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Germany: Biotechnology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: France: Biotechnology Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: France: Biotechnology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: United Kingdom: Biotechnology Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: United Kingdom: Biotechnology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Italy: Biotechnology Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Italy: Biotechnology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Spain: Biotechnology Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Spain: Biotechnology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Russia: Biotechnology Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Russia: Biotechnology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Others: Biotechnology Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Others: Biotechnology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Latin America: Biotechnology Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Latin America: Biotechnology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Brazil: Biotechnology Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Brazil: Biotechnology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Mexico: Biotechnology Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Mexico: Biotechnology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Others: Biotechnology Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Others: Biotechnology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Middle East and Africa: Biotechnology Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Middle East and Africa: Biotechnology Market: Breakup by Country (in %), 2021
Figure 90: Middle East and Africa: Biotechnology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 91: Global: Biotechnology Industry: SWOT Analysis
Figure 92: Global: Biotechnology Industry: Value Chain Analysis
Figure 93: Global: Biotechnology Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Biotechnology Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Biotechnology Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Biotechnology Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 4: Global: Biotechnology Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Biotechnology Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Biotechnology Market: Competitive Structure
Table 7: Global: Biotechnology Market: Key Players


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