San Francisco, 5 March 2019: The Report 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.
Access Research Report of Biotechnology Market@ www.grandviewresearch.com/industry-analysis/biotechnology-market
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
Browse more reports of this category by Grand View
Research at: 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
·
Europe
·
Asia
Pacific
·
Latin
America
·
Middle
East and Africa (MEA)
Access Press Release of
Biotechnology Market@ 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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