Market Snapshot:
Biotechnology is an interdisciplinary, forward-thinking field that uses living creatures, biological systems, or derivatives to modify or develop processes and outcomes for the development of healthcare goods and medicines. It has a significant impact on a variety of industries, including medicine and pharmaceuticals, genetics, and food and chemical production. It offers a wide range of applications in solving crucial issues such as health and well-being, food and energy security, and environmental protection. The biotechnology services market is made up of companies that sell biotechnology services and related items to companies that do biotechnology research and development. Included are only commodities and services that are transferred between businesses or sold to end users.
Highlights from Biotechnology Services Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 20.7% |
The key Players profiled in the report are Fisher BioServices Inc. (United States), Pfizer (United States), Sartorius (Germany), Aldevron LLC (United States), AstraZeneca (United Kingdom), Gilead Sciences, Inc. (United States), Biogen (United States), Amgen Inc. (United States), Merck & Co. (United States), Sanofi (France), Roche Holding AG (Switzerland) and Lonza Group AG (Switzerland). Additionally, other players that are part of this comprehensive study are Regeneron Pharmaceuticals (United States), Alexion Pharmaceuticals (United States), Vertex Pharmaceuticals (United States) and Incyte Corp. (United States).
Geographic Breakdown and Segment Analysis
The Global Biotechnology Services market presents a comprehensive analysis of the Biotechnology Services market by end-user/application (Pharmaceutical, Clinical Trial and Healthcare Sectors), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Biotechnology Services industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Biotechnology Services market
Analyst at AMA have segmented the market study of Global Biotechnology Services market by Type, Application and Region.
Influencing Trend:
Rapid Development of Cloud Computing Technology in Biotechnology and Emergence of Monoclonal Antibodies and Biosimilars
Market Growth Drivers:
Rising Demand for Agriculture Based Products and Growing Incidence of Chronic Ailments Worldwide
Challenges:
High Risk associated to Genetic Data
Restraints:
High Research and Development Costs
Opportunities:
Favorable Government Initiatives are Leading the Growth of Biotech Sector in Developing Economies and Growing Advancements in Life Sciences are Offering Numerous Benefits Associated with Healthcare Interventions and Productivity by Incorporating Innovative Technology
Market Developments Activities:
In March 2021 Amgen had announced the acquisition of Rodeo. Rodeo is a biopharmaceutical company focused on the development of small-molecule therapies to aid in the regeneration and repair of certain tissues. This acquisition will enable Amgen to offer innovative biopharmaceutical products and reclaim its market position.
The demand for Biotechnology Services is increasing with each passing day. The businesses in this industry facing major competition with leading players of the market that includes Pfizer, Fisher BioServices Inc, Aldevron LLC and others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market leading players are investing heavily in growth strategies such as technological development, resource utilization to enhance their market position. The market leaders such as Pfizer, Fisher BioServices Inc, Aldevron LLC. Company demonstrate a market-defining vision of how biotechnology services can help top-line business executives achieve their business objectives. Leaders have the ability to execute against that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings.
Key Target Audience
Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners, Pharmaceuticals, Healthcare Companies and End-use industries