Global Biotechnology Market (2020 to 2026)

DUBLIN, 25 August 2021 / PRNewswire / – The “Global Biotechnology Market, By Application (Bio-pharmaceutical, Bioinformatics, Bio-industry, Bio-Agriculture), By End User (Biotech & Pharmaceutical Companies, Academia, Others), By region, competition The Forecast and Opportunity report, 2026 “has been added to ResearchAndMarkets.com offer.

The global biotechnology market was 627.63 billion USD in 2020 and is expected to grow at a CAGR of 8.57% during the forecast period.

The growth can be attributed to the increasing demand for biotechnology applications and products in various end user industries including food, agriculture, healthcare, among others. Moreover, the increasing investments in the field of biotechnology along with the increasing demand for synthetic biology are further expected to drive the growth of the market in the coming years. In addition, the sudden outbreak and spread of the COVID-19 pandemic has increased the demand for biotechnology products such as vaccines, diagnostic tests, drugs, among others; thus positively impacting market growth. In addition, technological advancements and the adoption and intersection of technologies such as artificial intelligence, big data analytics, among others in the field of biotechnology, are further expected to create lucrative opportunities for growth over the course of the next few years.

The global biotechnology market can be segmented on the basis of application, end user, region, and company. On the basis of applications, the market can be categorized into biopharmaceuticals, bioinformatics, bioindustrials, and bio-agriculture. The biopharmaceutical applications segment is expected to dominate the market in 2020 with an overall market share of around 34.43%. This can be attributed to the increasing prevalence of different chronic and infectious diseases that require new drugs for treatment. In addition, the increasing attention to the development of regenerative medicine coupled with increasing pharmaceutical spending across the world is expected to further support segmental growth.

At the regional level, North America dominated the market in 2020 and is expected to continue to dominate over the forecast period due to high spending on healthcare and R&D. Furthermore, the increasing awareness and adoption of biotechnology, its applications and use in the region are further expected to drive the market growth. Besides, the presence of major market players in the region is expected to further support the market growth. Companies operating in the region are launching advanced solutions to meet the needs of the biotechnology industry.

Major companies operating in the global biotechnology market include Novo Nordisk A / S, Regeneron Pharmaceuticals Inc., Amgen, Inc., CSL Limited, Gilead Sciences, Inc., Celgene Corporation, Allergan, Inc., Biogen Inc., Vertex Pharmaceuticals, Inc.., F. Hoffmann-La Roche AG, Seagen Inc., Genmab A / S, Biocon Limited, Johnson & Johnson, Pfizer Inc., among others. Companies operating in the market adopt various strategies such as mergers and acquisitions, new product launches, new technology developments and invest in small start-ups in order to remain competitive in the market. For example, in September 2020, F. Hoffmann-La Roche Ltd. completed the acquisition of Inflazome. Inflazome is an Irish biotechnology company involved in the development of inflammasome inhibitors. With this acquisition, all Inflazome products will be added to Roche’s product portfolio. Also in February 2021, Biogen Inc. has received US FDA approval for PLEGRIDY (peginterferon beta-1a) which is used for the treatment of relapsing forms of multiple sclerosis. This approval will help the company expand its portfolio of multiple sclerosis treatments.

Goal of the study:

  • To analyze the historical growth in the market size of the global biotechnology market from 2016 to 2020.
  • Estimate and forecast the market size of the global biotechnology market from 2021 to 2026 and the growth rate to 2026.
  • To classify and forecast the global biotechnology market on the basis of application, end-user, regional distribution, and company.
  • Identify the dominant region or segment of the global biotechnology market.
  • Identify the drivers and challenges of the global biotechnology market.
  • To examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the global biotechnology market.
  • Identify and analyze the profile of the main players operating in the global biotechnology market.
  • To identify the main sustainable strategies adopted by market players in the global biotechnology market.

Main topics covered:

1. Product overview

2. Research methodology

3. Impact of COVID-19 on the global biotechnology market

4. Executive summary

5. Prospects for the global biotechnology market
5.1. Market size and forecast
5.1.1. By value
5.2. Market share and forecasts
5.2.1. By Application (Bio-Pharmaceutical, Bio-IT, Bio-Industrial, Bio-Agriculture)
5.2.2. By end user (biotechnology and pharmaceutical companies, research institutes and laboratories, academic institutions, others)
5.2.3. By region
5.2.4. By company (2020)
5.3. Product market map

6. Outlook for the North American Biotechnology Market

7. Outlook for the European biotechnology market

8. Asia-Pacific Biotechnology Market Outlook

9. South America Biotechnology Market Outlook

ten. Middle East and Outlook for the Biotechnology Market in Africa

11. Market dynamics
11.1. Conductors
11.2. Challenges

12. Market trends and developments

13. Competitive landscape
13.1. Novo Nordisk A / S
13.2. Regeneron Pharmaceuticals Inc.
13.3. Amgen, Inc.
13.4. CSL Limited
13.5. Gilead Sciences, Inc.
13.6. Celgene Corporation
13.7. Allergan, Inc.
13.8. Biogen Inc.
13.9. Vertex Pharmaceuticals, Inc.
13.10. F. Hoffmann-La Roche SA
13.11. Seagen Inc.
13.12. Genmab A / S
13.13. Biocon Limited
13.14. Johnson & johnson
13.15. Pfizer Inc.

14. Strategic recommendations

15. About the publisher and disclaimer

For more information on this report, visit https://www.researchandmarkets.com/r/p69ekq

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About William G. Patrick

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