Biotechnology Market Share, Trends, and Analysis by 2031
Biotechnology Market: Strategic Insights
Biotechnology Market
-
CAGR (2023 - 2031)12.6% -
Market Size 2021
US$ 299219.03 Million -
Market Size 2031
US$ 966683.82 Million
Market Dynamics
GROWTH DRIVERS
- Increasing focus on advanced method incorporation in healthcare
FUTURE TRENDS
- Integration of AI and Big Data to accelerate novel therapeutics
- Increased focus on microbiome research
OPPORTUNITIES
- Supportive Government Inititiatives
- biosimilars and biologic drugs to hold lucrative CAGR
- Regenerative medicines and synthetic biology
Key Players
- Novo Nordisk A S
- Moderna Inc
- BioNTech SE
- Regeneron Pharmaceuticals Inc
- Vertex Pharmaceuticals Inc
- Jazz Pharmaceuticals PLC
- Incyte Corp
- Novavax Inc
- Vir Biotech Inc
- BioMarin Pharmaceutical Inc
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Technology - DNA Sequencing
- Fermentation
- Cell-Based Assay
- Nanobiotechnology
- Chromatography
- PCR Technology
- Tissue Engineering and Regeneration
- Other Technologies
Application - Industrial Processing
- Bioinformatics
- Food and Agriculture
- Health
- Natural Resources and Environment
- Other Applications
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