Global Biotechnology Market is Growing with a CAGR of 27.9% in the Forecast Period of 2021 to 2028

Global Biotechnology Market is growing with factors such as rising prevalence of chronic infectious disease and growing interest of biotechnology in the field of research and development. Rising geriatric populace also acts as a major factor for the growth of the market.

However, technical limitation has decreased the demand of the market.

Global Biotechnology Market Scenario                                   

According to Data Bridge Market Research, the market for global biotechnology in North America has the highest market share followed by Europe and Asia-Pacific. Market leader is Thermo Fisher Scientific Inc., which accounts an estimated market share of approximately 7.91% in the global market. The company has gained outstanding sale by providing novel Biotechnology products.

  • In September 2021, Thermo Fisher Scientific Inc. has launched the Applied Biosystems QuantStudio Absolute Q Digital PCR System, the first fully integrated digital PCR (dPCR) system designed to provide highly accurate and consistent results within 90 minutes. This product launch has created a persistence revenue-generating path for the company.

Biotechnology MarketTrends Impacting the Market

Now the question is which other regions Thermo Fisher Scientific Inc., F. Hoffmann-La Roche Ltd, AstraZeneca are targeting? Data Bridge Market Research has forecasted a large growth in North America biotechnology market and the market leaders targeting U.S. and Canada to be their next pocket revenue for 2021.

The biotechnology market is becoming more competitive with companies such as Thermo Fisher Scientific Inc., F. Hoffmann-La Roche Ltd, and AstraZeneca. as they are the market leaders for biotechnology market. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the biotechnology market.                                                                                                

For more analysis on the global biotechnology market request for a briefing with our analysts

Biotechnology Market Developments

  • In February 2021, Thermo Fisher Scientific Inc. has announced it has completed its previously announced acquisition of Mesa Biotech, Inc. This acquisition anticipated to strengthen company’s leadership in biotechnology market.
  • In September 2021, AstraZeneca Alexion has exercised its option to acquire all remaining equity in Caelum Biosciences. This acquisition anticipated enhance company growth pace.

Scope of the Biotechnology Market

Global biotechnology market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, Switzerland, Russia, Netherlands, Belgium, Ireland, Turkey, Rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Philippines, Indonesia, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Israel, Egypt and Rest of Middle East and Africa.

  • All country based analysis of the global Biotechnology market is further analysed based on maximum granularity into further segmentation. On the basis of product type, global biotechnology market is segmented into instruments, reagents and services & software. On the basis of technology, global biotechnology market is segmented into nano biotechnology, PCR technology, DNA sequencing, chromatography, tissue engineering and regeneration, cell-based assays, fermentation and others. On the basis of application, global biotechnology market is segmented into biopharmacy, bioindustrial, bioservices, bioinformatics and bioagriculture. On the basis of end user, global biotechnology market is segmented into pharmaceutical & biotechnology companies, contract research organizations, academic & research institutes and others. On the basis of distribution channel, global biotechnology market is segmented into direct tender, third party distributors, and others.

To know more about the study

Key Pointers Covered in Biotechnology Market Industry Trends and Forecast to 2028

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Countries
  • Market value and over view of Biotechnology market
  • Company profiling of top eight players of Biotechnology market

Key Market Competitors Covered in the Report

  • Trinity Biotech
  • Thermo Fisher Scientific Inc.
  • Abbott
  • F. Hoffmann-La Roche Ltd
  • Charles River Laboratories
  • Eurofins Scientific
  • Promega Corporation
  • Bio-Rad Laboratories, Inc.
  • PerkinElmer Inc.
  • Takara Bio Inc.
  • Ortho Clinical Diagnostics
  • Agilent Technologies, Inc.
  • AstraZeneca
  • Merck KGaA
  • bioMérieux SA
  • Myriad Genetics, Inc.
  • Illumina, Inc.
  • Pacific Biosciences of California, Inc.
  • Biogen

Above are the key players covered in the report, to know about more and exhaustive list of biotechnology companies’, contact us

Research Methodology: Global Biotechnology Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Manufacturer, Geneticists, Healthcare Industry, Scientists, Research Laboratories
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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