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Biotechnology market to reach USD 471,336.40 million by 2025

The biotechnology market size was estimated to reach US$ 471,336.40 million by 2025 from US$ 218,012.10 million in 2017; it is estimated to grow at a CAGR of 10.5% during 2017-2025.

Biotechnology connects cellular and biomolecular processes to develop technologies and products that help improve lives and health. Through modern biotechnology, outstanding product and technology innovations against severe and rare diseases is possible.

The Biotechnology Market report outlines the evolution of Biotechnology Market by type, applications and identifies and assesses the best performing vendors in the market till 2025. Biotechnology Market reports present the revenue opportunities in the Biotechnology Market through 2023-2025, highlighting the market size and growth by technology, geography, vertical and End users.

Key players analysis:

  • THERMO FISHER SCIENTIFIC INC.
  • PERKINELMER INC.
  • DANAHER
  • QIAGEN
  • AGILENT TECHNOLOGIES
  • BD
  • BIO-RAD LABORATORIES
  • ILLUMINA, INC.
  • MERCK KGAA
  • F. HOFFMANN-LA ROCHE LTD.

The report covers key developments in the Biotechnology Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Biotechnology Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Biotechnology Market in the global market. Below mentioned is the list of few companies engaged in the Biotechnology Market.

Research report has been compiled by studying the market in-depth along with drivers, opportunities, restraints & other strategies as well as new-developments that can help a reader to understand the exact situation of the market along with the factors that can limit or hamper the market growth and the report also has been updated with Impacts & effects of Coronavirus pandemic and how it has influenced consumer behaviour & the growth of the market as well as industries.

Market segmentation
The global biotechnology market, based on technology, is segmented into DNA sequencing, fermentation, cell based assay, nanobiotechnology, chromatography, PCR technology, tissue engineering & regeneration, and other technologies. The DNA sequencing segment held the largest market in 2017 and is also anticipated to continue to hold the largest size in 2025. However, the nanotechnology segment was the fastest-growing segment in 2017.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Biotechnology Market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Biotechnology Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region. The Insight Partners

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