San
Francisco, 05 April, Biotechnology Market Analysis By Application (Health, Food &
Agriculture, Natural Resources & Environment, Industrial Processing
Bioinformatics), By Technology, And Segment Forecasts, 2018 - 2025
The global biotechnology market is expected to reach USD
727.1 billion by 2025, according to a new report by Grand View Research, Inc.
The emergence of certain key themes in the biotechnology market is expected to
drive growth in this industry to a lucrative extent.
These
key themes include regenerative medicine and genetics in diagnostics. Presence
of a plethora of companies focusing on the development of regenerative
therapies is anticipated to drive sector growth through to 2025. Technological
advancements pertaining to the penetration of artificial intelligence in this
industry is expected to fuel progress with potential avenues. The companies are
engaged in unleashing machine learning in order to understand individual cancer
cases, while recommending clinical trials.
Supportive
government (and its allied agencies) policies related to synthetic biology is a
major growth impacting driver in this sector. Developed economies such as UK
and the U.S. are critically monitoring and funding synthetic biology R&D
initiatives. For example, in 2010, a six months’ review of synthetic biology
headed by a panel of expert scientists was enforced by the U.S. President and
subsequently conducted a hearing of the Energy and Commerce Committee
exclusively concerning synthetic biology.
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Research Report On Biotechnology Market Analysis:
Further key findings from the report
suggest:
·
Owing to technological
advancements and widespread application of this field in various aspects of
healthcare, the health segment is expected to exhibit strong progress in the
forecast period
·
Continuous introduction of new
biotechnological products to cater to healthcare entities that are involved in
diagnosis, prognosis and biopharmaceutical development is estimated to propel
the market
·
Decreasing costs and rise in
number of services in this segment are expected to drive segment with lucrative
avenues
·
North American pharmaceutical
and biotech companies have experienced great success in the recent years
resulting in larger share
·
Introduction of technologically
advanced products and presence of various biotechnology based programs such as
the UC Davis Biotechnology Program, the University of California Biotechnology
Research and Education Program are attributive to drive the growth of sector in
the coming years
·
Asia Pacific market is
anticipated to grow at the most lucrative pace due to changing health care
infrastructure in this region which drives the demand for these products
·
Strong governmental support and
recruitment of highly trained Chinese scientists with the support of their
administration has made it possible for China to speedily build up capacity in
area of regenerative medicine
·
Key players operating include
Gilead, Celgene, Abbott, Novo Nordisk A/S,Novartis AG, Sanofi Aventis, and
Lonza
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Category By Grand View Research At: https://www.grandviewresearch.com/industry/biotechnology
Grand View Research has
segmented the biotechnology market on the basis of technology, application, and
region:
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
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
Japan
o
China
·
Latin America
o
Brazil
·
Middle East and Africa (MEA)
o South
Africa
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Press Release of this Report: https://www.grandviewresearch.com/press-release/global-biotechnology-market
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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