Global Executive Summary Biotechnology Market: Size, Share, and Forecast

CAGR Value

• The global biotechnology market was valued at USD 1.70 billion in 2024 and is expected to reach USD 13.03 billion by 2032
• During the forecast period of 2025 to 2032 the market is likely to grow at a CAGR of 29.00%, primarily driven by advancements in biotechnological research

The complete Biotechnology Market report is spread across a number of pages, list of tables & figures, profiling many companies. The major topics of this document can be listed as overview of Biotechnology Market industry, Manufacturing cost structure analysis, Development and manufacturing plants analysis, Key figures of major manufacturers, Regional market analysis, Segment market analysis by type and by application, Major manufacturers analysis, Development trend analysis, Marketing channel, and Market dynamics. Market forecast section in the Biotechnology Market analysis report is obsessed with production and production value forecasts and key producers forecasts by type, application, and region.

The Biotechnology Market analysis report is a skillful and deep analysis of the present situation and challenges. This report focuses on the key drivers, restraints, market opportunities, threats, and risks for major market players. It also makes available analysis of market size, shares, growth, segmentation, revenue projection (USD Mn), and regional study till 2033. The market research document offers a comprehensive overview of the global Biotechnology Market and contains thoughtful insights, facts, historical information, and statistically supported and industry-verified market data. It also encompasses forecasts using a suitable set of predictions and distinct research methodologies.

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Biotechnology Industry Overview

Segments

- By Technology: DNA Sequencing, Fermentation, Cell-Based Assay, Nanobiotechnology, Chromatography, PCR Technology, Tissue Engineering and Regeneration, Others
- By Application: Bio-Pharmaceuticals, Bio-Industrial, Bio-Agriculture, Bio-Informatics, Others
- By End-User: Pharmaceutical and Biotechnology Companies, Research Institutes, Food and Feed Industry, Academic Institutes, Others

The global biotechnology market is segmented based on technology, application, and end-user. In terms of technology, the market is categorized into DNA sequencing, fermentation, cell-based assay, nanobiotechnology, chromatography, PCR technology, tissue engineering and regeneration, among others. The DNA sequencing segment is witnessing significant growth due to the advancements in the field of genomics and personalized medicine. Fermentation technology is also crucial for the production of various biopharmaceuticals and industrial enzymes. Cell-based assays are playing a vital role in drug discovery and toxicology studies. Nanobiotechnology is gaining traction for its applications in drug delivery and diagnostics. The market is further divided by application into bio-pharmaceuticals, bio-industrial, bio-agriculture, bio-informatics, among others. The bio-pharmaceuticals segment holds a substantial market share owing to the growing demand for biologics and biosimilars. Bio-agriculture is also a significant segment driven by the adoption of genetically modified crops and agricultural biotechnology. Additionally, the market is segmented by end-user, including pharmaceutical and biotechnology companies, research institutes, food and feed industry, academic institutes, among others.

Market Players

- Thermo Fisher Scientific Inc.
- Merck KGaA
- Gilead Sciences, Inc.
- Amgen Inc.
- F. Hoffmann-La Roche Ltd
- Biogen
- Regeneron Pharmaceuticals
- Lonza
- Qiagen
- Illumina, Inc.

Key market players in the global biotechnology market include Thermo Fisher Scientific Inc., Merck KGaA, Gilead Sciences, Inc., Amgen Inc., F. Hoffmann-La Roche Ltd, Biogen, Regeneron Pharmaceuticals, Lonza, Qiagen, and Illumina, Inc. These companies are actively involved in research and development activities, strategic collaborations, mergers and acquisitions, and product innovations to maintain their market position and gain a competitive edge. Thermo Fisher Scientific Inc. is a leading player known for its comprehensive portfolio of biotechnology products and services. Merck KGaA focuses on developing novel therapies and solutions for various life science applications. Gilead Sciences, Inc. is prominent in the bio-pharmaceutical segment with a focus on antiviral drugs. Amgen Inc. is a key player in the biopharmaceutical industry, known for its innovative biologics and biosimilars. F. Hoffmann-La Roche Ltd is a major player in diagnostics and pharmaceuticals, with a strong presence in personalized healthcare solutions. These market players are instrumental in driving the growth of the global biotechnology market through their strategic initiatives and innovative solutions.

The global biotechnology market continues to witness substantial growth and transformation driven by technological advancements, increasing research and development activities, and the growing adoption of biotechnological solutions across various industries. One of the key trends shaping the market is the rising demand for personalized medicine and genomics-driven solutions, which is fueling the growth of DNA sequencing technology. The ability of DNA sequencing to provide insights into individualized treatment options and disease prevention strategies is driving its adoption in healthcare settings. Moreover, the fermentation technology segment is playing a crucial role in the production of biopharmaceuticals and industrial enzymes, catering to the increasing demand for bio-based products in the pharmaceutical and industrial sectors.

In the realm of application segmentation, the bio-pharmaceuticals segment stands out as a key revenue generator in the global biotechnology market. The escalating demand for biologics, biosimilars, and advanced therapeutics is propelling the growth of this segment. Additionally, the bio-agriculture segment is gaining traction due to the adoption of genetically modified crops and the increasing focus on sustainable agricultural practices. The integration of biotechnological solutions in the agricultural sector is enhancing crop yields, improving resistance to pests and diseases, and contributing to food security.

From an end-user perspective, pharmaceutical and biotechnology companies continue to dominate the global biotechnology market, driving innovation, and product development to address unmet medical needs and therapeutic challenges. Research institutes play a pivotal role in advancing biotechnological research and driving scientific breakthroughs that shape the future of healthcare and agriculture. The food and feed industry is increasingly leveraging biotechnology to enhance food production, food safety, and nutritional value. Academic institutes also contribute significantly to the growth of the market through education, training, and collaborative research endeavors with industry players.

The key market players in the global biotechnology market, including Thermo Fisher Scientific Inc., Merck KGaA, Gilead Sciences, Inc., and others, are investing heavily in research and development to bring innovative solutions to the market and meet the evolving needs of customers. Strategic collaborations, mergers, and acquisitions are key strategies employed by these companies to expand their product portfolios, strengthen their market presence, and drive sustainable growth. With a strong focus on product innovation and market expansion, these companies are poised to shape the future of the biotechnology landscape and drive significant advancements in healthcare, agriculture, and industrial applications.The global biotechnology market is experiencing robust growth fueled by technological advancements and increased adoption of biotechnological solutions across various sectors. DNA sequencing technology is at the forefront of this growth, driven by the demand for personalized medicine and genomics-driven healthcare solutions. The ability of DNA sequencing to offer personalized treatment options and disease prevention strategies is driving its uptake in healthcare settings. Furthermore, fermentation technology plays a vital role in producing biopharmaceuticals and industrial enzymes, meeting the rising demand for bio-based products in pharmaceutical and industrial applications.

In terms of applications, the bio-pharmaceuticals segment is a key revenue driver in the biotechnology market. The increasing demand for biologics, biosimilars, and advanced therapeutics is propelling growth in this sector. Additionally, bio-agriculture is gaining momentum due to the adoption of genetically modified crops and the focus on sustainable agricultural practices. The integration of biotechnological solutions in agriculture is enhancing crop yields, improving resistance to pests and diseases, and contributing to food security.

From an end-user perspective, pharmaceutical and biotechnology companies are leading the market by driving innovation and product development to address medical needs and therapeutic challenges. Research institutes are crucial in advancing biotechnological research and driving scientific breakthroughs that shape the future of healthcare and agriculture. The food and feed industry is increasingly utilizing biotechnology to enhance food production, safety, and nutritional value. Academic institutes also play a significant role in market growth through education, training, and collaborative research efforts with industry players.

Key market players such as Thermo Fisher Scientific Inc., Merck KGaA, Gilead Sciences, Inc., and others are heavily investing in research and development to introduce innovative solutions and meet evolving customer needs. Strategic collaborations, mergers, and acquisitions are key strategies employed by these companies to expand their product portfolios, strengthen market presence, and drive sustainable growth. With a focus on product innovation and market expansion, these market players are poised to shape the future of biotechnology and drive advancements in healthcare, agriculture, and industrial applications.

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Alternative Research Questions for Global Biotechnology Market Analysis

• What is the current valuation of the global Biotechnology Market?
• What CAGR is projected for the Biotechnology Market over the forecast period?
• What are the key segments analyzed in the Biotechnology Market report?
• Which companies dominate the Biotechnology Market landscape?
• What geographic data is covered in the Biotechnology Market analysis?
• Who are the leading firms operating in the Biotechnology Market?

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