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Biotechnology Market Share

Report ID: GMI784
Published Date: May 2021
Report Format: PDF

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Biotechnology Market Share

Some of the major companies operating in the market are

Abbott Laboratories
Agilent Technologies
Amgen
Bio-Rad Laboratories
Danaher
F. Hoffmann-La Roche
Illumina
Merck
PerkinElmer
Qiagen
Thermo Fisher Scientific

The major players are emphasizing on strategies such as product development, mergers, acquisitions and partnerships to launch novel products to expand their geographical presence and strengthen their product portfolio. These leaders are engaged in making investments that enables them to garner maximum revenue share.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Biotechnology market exceeded USD 497 billion in 2020 and is expected to cross USD 950 billion valuation by 2027.

The industry share of biotechnology market is projected to grow at a CAGR of more than 9.4% by 2027.

The industry share from biopharmacy application will record a growth rate of 9.2% over 2021-2027 due to the rising prevalence of chronic diseases and the increasing acceptance of biopharmaceutical products at the global level.

Fermentation technology held a market share of USD 57 billion in 2020 and will register substantial growth owing to better outputs, environment-friendliness, and low costs of technology.

The U.S. biotechnology industry value will grow at a CAGR of 9.2% from 2021 to 2027 with rising healthcare expenditure, presence of key market players, and extensive R&D activities.

Some of the key organizations in the market are Thermo Fisher Scientific, Amgen, Agilent Technologies, Danaher, Abbott Laboratories, Bio-Rad Laboratories and Merck.