Biotechnology Market Size & Forecast Report, 2014 - 2025

The global Biotechnology Market is expected to display a higher growth rate over the next seven years. The rapid surge in the biotechnology market is credited to the development of regenerative medicine and genetics in diagnostics. A shifting trend towards personalized and regenerative medicine is expected to drive the market growth of biotechnology over the forecast period. Globally, the biotechnology industry is predicted to generate massive revenue over the next seven years, providing numerous opportunities for market players to invest in research and development in the industry.

Increasing adoption of the biotechnology market in the healthcare sector and pharmaceutical industry coupled with a reduced manufacturing cost of drugs and various chemical products is expected to drive the market demand for biotechnology solutions over the forecast period. Rising number of applications in the agriculture sector, including protection against diseases & fungicide, and higher germination rate. These factors are significantly contributing to high-end market demand in recent years. The use of biotechnology enhances germination rate and offers uniformity, to overcome seed dormancy is anticipated to drive market demand in the upcoming years. Biotechnology helps to initiate the metabolic processes of germination.

The advent of white biotechnology for the production of various biofuels like bioethanol and biodiesel is fostering industry expansion of the biotechnology industry over the forecast period. In addition, white biotechnology plays a vital role during the production of essential chemical products such as organic acids, amino acids, ethanol, and various types of vitamins, thus propelling the market growth, in recent years. In addition, biotechnology is considered a simple process involving the least number of production steps and produces minimum residue after completion. Unlike other types of chemical processes, biotechnology is not affected by the price volatilities of raw materials. These advantages are estimated to foster the market growth of biotechnology in years to come.

The biotechnology market is broadly categorized into major segments based on the application type such as the healthcare sector, agriculture sector, industrial processing, and bioinformatics. The agriculture segment is growing rapidly in the biotechnology industry with substantial revenue generation in the last few years. The growing popularity of biotechnology in the agriculture segment is attributed to the ability to enhance fermentation and germination rate. The healthcare sector segment has also witnessed substantial growth owing to the increasing demand for DNA sequencing for diseases detection.

The biotechnology market is divided by region as North America, Europe, Asia-Pacific, Latin America, and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies, favorable laws & regulations associated with biotechnology, higher approval rate, rise in the level of awareness among the general population, the surge in several research & development activities in the region and existence of well-established infrastructure.

Asia-Pacific region is estimated to hold a major market share in biotechnology with massive growth in the forecast period. Countries such as India, China, and Singapore are leading the Asia-Pacific market with rising disposable income, a growing number of patents regarding the incorporation of biotechnology, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the biotechnology industry are Johnson & Johnson Services, Inc., Amyris, Inc., BioAmber, Inc., Borregaard Ltd., Codexis, Inc., Deinove S.A., Evolva Holding S.A., F. Hoffmann-La Roche Ltd., Pfizer, Merck & Co., and Sanofi S.A.

Market Segment:

Biotechnology Technology Outlook (Revenue, USD Million; 2014 - 2025)
    • DNA Sequencing
    • Nanobiotechnology
    • Tissue engineering and Regeneration
    • Fermentation
    • Cell-Based Assay
    • PCR Technology
    • Chromatography Market
    • Others

Biotechnology Application Outlook (Revenue, USD Million; 2014 - 2025)
    • Health
    • Food & Agriculture
    • Natural Resources & Environment
    • Industrial Processing
    • Bioinformatics
    • Others

Biotechnology Regional Outlook (Revenue, USD Million; 2014 - 2025)
    • North America
        • the U.S.
        • Canada
    • Europe
        • Germany
        • the UK
    • the Asia Pacific
        • Japan
        • China
    • Latin America
        • Brazil
    • the Middle East and Africa (MEA)
        • South Africa